Bitcoin price is holding gains above the $52,000 resistance. BTC is consolidating gains and might aim for more upsides toward the $55,000 resistance. Bitcoin price is showing positive signs below the $52,800 resistance zone. The price is trading above $51,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming…
An analyst has explained that an indicator that has been holding for Bitcoin since December is now giving a sell signal for the cryptocurrency. TD Sequential Is Providing A Sell Signal On Daily Bitcoin Chart Currently In a new post on X, analyst Ali discussed a TD Sequential sell signal forming in the Bitcoin daily…
Crypto analyst Justin Bennett has laid out a bearish narrative for the flagship crypto token Bitcoin. Based on his analysis, Bitcoin will likely drop below the $50,000 level again before it moves further to the upside. Bitcoin Could Drop Back To As Low As $47,000 In an X (formerly Twitter) post, Bennett mentioned that the…
Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) are currently in the limelight as the products have seen massive net inflows in the past few days than in the initial weeks of introduction, dominating the market of crypto investment products. Bitcoin ETF Inflows Surges In The Last 4 Days Thomas Fahrer, the co-founder of Bitcoin tracking platform…
Bitcoin has been on an absolute tear, surpassing $52,000 for the first time since December 2021. The leading digital asset has already climbed over 23% in 2024, and a major driver of this meteoric rise has been the influx of institutional money entering the space through spot Bitcoin ETFs. Bitcoin’s mainstream credibility among traditional investors…
Matt Dines, the Chief Investment Officer at Build Asset Management, has identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart, which he believes could signal an impending rally to $75,000. This technical formation is often considered a strong bullish signal and is closely watched by market analysts and traders. Bitcoin Price…
Amid a significant Bitcoin price rally, reaching a new two-year high of $52,000, a renowned social media account known as WhaleWire has made a startling prediction. The account, widely followed for its bold statements and news postings, has forecasted a staggering 99.99% chance of Bitcoin falling below $10,000, directly challenging the prevailing bullish sentiment. Clash…
Bitcoin price extended its increase above the $52,000 resistance. BTC is consolidating gains and might aim for more upsides toward the $55,000 resistance. Bitcoin price remained in a bullish zone above the $51,000 and $51,200 levels. The price is trading above $51,200 and the 100 hourly Simple moving average. There are two bullish trend lines…
Bitcoin’s open interest has surged past $11 billion for the first time in over two years. This uptick comes when the world’s most valuable coin surges, recently easing past $51,000, the highest level since December 2021. Bitcoin open interest | Source: Kaiko on X Surging Open Interest And Order Book Imbalance According to Kaiko, a…
Crypto analyst Ali Martinez has provided insights suggesting that the Bitcoin bullish momentum is just starting. Based on this, the flagship crypto token is still likely to keep hitting new highs before the peak of the imminent bull run. Market Sentiment Suggests More Gains Ahead For Bitcoin In an X (formerly Twitter) post, Martinez revealed…