Looking at Kaiko’s data shared on November 7 by Dessislava Ianeva, a Research Analyst at the blockchain analyst firm, it is evident that altcoins market share versus Bitcoin (BTC) has been rising in the past four months, reaching a 4-month high, the highest level since July 2023. The surge in market share can be attributed to multiple…
Bitcoin’s open interest—the total number of outstanding derivative contracts that have not been settled—has surged to levels not seen in over six months. Amid these high-interest levels, market analysts warn that Bitcoin may see a 20% price correction. Analysts Weigh In On Market Implications The surge in open interest has been linked to a substantial…
While still recording some profits, the Bitcoin price shows signs of exhaustion, at least on low timeframes. When zooming out, recent data shows the massive rally experienced by cryptocurrencies over the past few months and the sector’s potential for additional gains. As of this writing, the Bitcoin price trades at $34,800 with sideways price action…
Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by. Aggregated Open Interest Of Assets Except Bitcoin Is Forming A Bearish Pattern In a new post on X, CryptoQuant Netherlands community manager Maartunn has talked about a bearish pattern forming…
In a striking dual analysis, the financial charts paint contrasting futures for the US Dollar Index (DXY) and Bitcoin (BTC). Gert van Lagen, a technical analyst, has provided a bearish prognosis for the DXY, while simultaneously highlighting a bullish setup for Bitcoin that could see it aiming for a $46,000 target. DXY Receives Kiss Of…
Ark Invest CEO Cathie Wood was a guest on Merryn Somerset Webb’s show ‘Merryn Talks Money’, where she discussed the macro environment and the recent happenings in the financial world. What will mainly interest the crypto community is what she had to say about the flagship cryptocurrency, Bitcoin. “Bitcoin Hands Down” When quizzed by Merryn…
Bitcoin price consolidating above $34,500 and $34,000. BTC could start a fresh rally if it manages to clear the $35,350 resistance zone. Bitcoin is still struggling to gain pace for a move above $35,250 and $35,350. The price is trading near $34,850 and the 100 hourly Simple moving average. There is a major contracting triangle…
Markus Thielen, the Head of Crypto Research and Strategy at Matrixport, has hinted at a potential pre-Christmas rally with Bitcoin leading the charge. This anticipation comes amid a backdrop of macroeconomic shifts that could set the stage for a significant surge in crypto prices, which Thielen describes as the “Santa Claus squeeze.” Thielen’s analysis is…
On-chain data shows Bitcoin has recently made a break that led to rallies of at least 99% during the last three times it happened. Bitcoin Has Now Crossed Above “Single Cycle HODLers” Cost Basis In a new post on X, analyst Ali has talked about a level that BTC has broken recently. The level in…
Bitcoin price is facing a major hurdle near $35,250. BTC could rally toward $37,000 once it clears the $35,250 and $35,500 resistance levels. Bitcoin is aiming for a fresh move above the $36,000 resistance zone. The price is trading near $34,850 and the 100 hourly Simple moving average. There is a key contracting triangle forming…