In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which…
Bitcoin price struggled again near the $26,500 resistance. BTC is forming a double-top pattern and could revisit the $25,000 support zone. Bitcoin recovered above $26,000 but struggled to clear $26,500. The price is trading above $25,800 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance near $26,000 on…
Bitcoin (BTC) has welcomed another noteworthy decision from the global investment firm Franklin Templeton. With a portfolio spanning various financial instruments, the company is now setting its sights on one of the most sought-after financial products in the digital currency realm: a spot Bitcoin exchange-traded fund (ETF). This development signifies the firm’s progressive stance on…
Data shows the Bitcoin market sentiment has worsened recently and is approaching extreme fear territory. Bitcoin Fear & Greed Index Has Plunged Inside The Fear Region Recently The “fear and greed index” is a Bitcoin indicator that tells us about the general sentiment among the investors in the Bitcoin and broader cryptocurrency market. This metric…
The Bitcoin price has been moving sideways over the past few weeks, although it saw a volatility spike in the last 24 hours. However, the cryptocurrency remains stuck as sentiment turns negative, and more and more traders expect another re-test of critical support. As of this writing, Bitcoin (BTC) trades at $26,200 with a 3%…
Bitcoin appears to be in the process of forming a death cross currently. Here’s what happened to the asset the last time this pattern emerged. Bitcoin 50-Day MA Is Moving Below The 200-Day MA Right Now As pointed out by an analyst in a post on X, the 50-day moving average (MA) has been attempting…
A crypto analyst has presented their forecast for where they believe the Bitcoin price will be by the end of 2023. However, the end-of-year (EOY) price prediction is not the only interesting thing that the analyst talks about, with short-term expectations also included. Hoops To Jump Through For Bitcoin Price Pseudonymous crypto analyst Titan of…
In a swift turnaround from yesterday’s dip, Bitcoin (BTC) surged to nearly $26,000 during Asian trading hours on Tuesday. This recovery, which saw the BTC climb from $25,210 to $25,973 in a mere 30 minutes (from 3:00 am to 3:30 am UTC), was not driven by any specific news event. Instead, the dynamics within the…
Bitcoin price broke the key $25,350 support. BTC is now consolidating near $25,000 and remains at a risk of more downsides in the near term. Bitcoin traded below the $25,600 and $25,350 support levels. The price is trading below $25,600 and the 100 hourly Simple moving average. There is a major bearish trend line forming…
The Grayscale Bitcoin Trust (GBTC) share price has again made headlines. Its premium or discount to Bitcoin’s net asset value (NAV), often viewed as an indicator of institutional sentiment towards the cryptocurrency, has displayed a notable trend recently, even amid the prevailing bearish atmosphere. GBTC’s Evolving Price Dynamics The phenomenon of GBTC’s share price inching closer…