Bitcoin has been on a winning streak for the better part of October and the multiple surges since then have pushed the price above $35,000 before correcting back downward. Even now, Bitcoin continues to show strength but not everyone is convinced that this winning streak will continue. One of these is a crypto analyst who…
In a series of insightful observations, Adam Cochran, a renowned expert in the field of cryptocurrency and founder of Cinneamhain Ventures, recently shared his analysis on the relationship between Bitcoin price movements and US Treasury auctions. Cochran’s comments, primarily disseminated viaX (formerly known as Twitter), offer a unique perspective on an emerging trend in the…
Bitcoin price is moving higher and recently broke the $43,500 resistance. BTC is still in a strong uptrend and might gain pace for a move above $45,000. Bitcoin extended its increase and climbed above the $43,500 resistance zone. The price is trading above $43,000 and the 100 hourly Simple moving average. There is a connecting…
The bulls seem to be back in control following the return of the Bitcoin price to above $43,000 this past week. This positive run comes on the back of a period where the premier cryptocurrency struggled, falling below $41,000 at some point. However, the market leader appears to have regained most of its lost momentum,…
On-chain data shows the Bitcoin miners have participated in a 3,000 BTC selloff recently, something that may explain the asset’s latest pullback. Bitcoin Miner Reserve Has Taken A Plunge Recently As pointed out by analyst Ali in a new post on X, the BTC miners have participated in some selling recently. The indicator of interest…
An analyst has explained that the outlook for Bitcoin should remain bullish as long as the cryptocurrency’s price remains above this level. Bitcoin Has Strong On-Chain Support Above $41,800 In a new post on X, analyst Ali talked about the various BTC support and resistance levels from an on-chain perspective. In on-chain analysis, the strength…
On-chain data shows that Bitcoin short-term holders have deposited $2 billion in BTC to exchanges, the fourth largest amount in the last two years. Bitcoin Short-Term Holder Exchange Inflows Have Spiked Up As analyst James V. Straten explained in a new post on X, the BTC short-term holders have potentially participated in a very sizeable…
The price of Bitcoin appears to be experiencing a bearish moment in the past few days now despite the approval of multiple Bitcoin Spot Exchange-Traded Funds (ETFs), which has raised speculations about the token’s future. Bitcoin Could See Further Collapse Bitcoinhyper, a cryptocurrency analyst, has offered his insights on the current state of Bitcoin. The…
On December 18, 2023, US Senator Elizabeth Warren sent three letters to the Coin Center Director Jerry Brito, Blockchain Association CEO Kristin Smith, and crypto exchange Coinbase. The senator set January 14, 2024, as the deadline for a response to her inquiries. In the letter addressed to Brito, Senator Warren voiced her concern over reports…
The Bitcoin price has experienced a notable shift as selling pressure mounts, with BTC bears gaining the upper hand. Asset manager Grayscale, the owner and manager of the Grayscale Bitcoin Trust (GBTC), is a significant contributor to this trend. Since the trading of spot Bitcoin exchange-traded funds (ETFs) began on January 12, Grayscale has been…