Bitcoin price started a fresh increase and cleared the $77,500 zone. BTC is consolidating and might aim for more gains above the $79,500 level. Bitcoin managed to stay above $76,500 and started a fresh increase. The price is trading above $77,200 and the 100 hourly simple moving average. There is a short-term declining channel forming…
Bitcoin’s derivatives market is showing signs of a fresh bullish rebuild, according to a new morning brief from on-chain analyst Axel Adler Jr., who said a rising Bitcoin Positioning Index alongside a sharp increase in futures open interest points to new risk-taking rather than a short-covering bounce. For traders watching whether the recent recovery has…
A crypto analyst has presented a new analysis, forecasting Bitcoin’s (BTC) next all-time high and potential market bottom. According to the analyst, BTC’s long-term price outlook could depend heavily on where its current market bottom forms. The analysis draws on historical cycle patterns and bear markets that preceded BTC’s explosive upward rallies. Based on these…
A crypto analyst has suggested that Bitcoin (BTC) is still in a bear market despite its recent price rally, warning that the cryptocurrency could be headed for a deeper correction below $60,000. The call comes amid repeated failed breakouts and weakening momentum, raising doubts about any near-term recovery. According to the analyst, the current price…
Bitcoin is back in a place where bold upside calls are starting to circulate again, and while short-term sentiment is still mixed, one analyst believes the cryptocurrency is setting up for a powerful move that sends the price action all the way to $200,000. The call is built around a long-term cycle structure on the…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Institutional investors poured nearly $1 billion into Bitcoin exchange-traded funds last week, signaling a massive appetite for the asset even as prices fluctuated. Data shows that 13 different US spot ETFs brought in roughly $996 million over those five days. This trend did not slow down as the new week began. Related Reading On Monday…
Bitcoin’s Bull Score Index has climbed back to 50, moving out of outright bearish territory and into what CryptoQuant’s Julio Moreno described as a neutral zone. In a post on X, the CryptoQuant head of research wrote: “First time in this bear market that the Bull Score Index enters neutral zone (50). In March 2022,…
A crypto analyst, Zynx, on the X (formerly Twitter) platform, has shown where the Bitcoin price might be headed over the next few years using the Bitcoin Power Law. This law shows a steady upward trajectory, putting into perspective the performance of Bitcoin over a long period of time. Using this Power Law, the crypto…
Bitcoin (BTC) may be starting to shake off the worst part of the downturn that began in October last year, according to new research from Grayscale. The firm points to Feb. 5—when BTC traded around $63,000—as a “durable” market bottom. Potential Start Of A New Bitcoin Bull Market In Grayscale’s view, the rebound since that…