Bitcoin has been rallying for the last three days and continues to maintain significant momentum. After the digital asset crossed the $30,000 resistance, there was speculation that bulls have finally run out of steam, so the price was expected to correct downward. However, BTC’s current levels combined with the crypto investor sentiment suggest that there…
Bitcoin has been rallying for the last three days and continues to maintain significant momentum. After the digital asset crossed the $30,000 resistance, there was speculation that bulls have finally run out of steam, so the price was expected to correct downward. However, BTC’s current levels combined with the crypto investor sentiment suggest that there…
The Bitcoin price has rallied fast in the past few days as a result of the BlackRock news. The big question is whether the bulls can continue to push the price upwards, or whether they are slowly running out of steam. With this in mind, there is currently a striking similarity in the 1-day chart…
Bitcoin price rallied toward $30,800 before the bears appeared. BTC is now correcting gains but dips could be attractive near the $28,800 zone. Bitcoin is currently correcting gains from the $30,800 zone. The price is trading above $29,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line…
Bitcoin has observed a sharp rally above the $30,000 mark over the past day. Here’s how the 30-day price range may have foreshadowed this volatility. Bitcoin Had Earlier Compressed To A Tight 30-Day Price Range According to data from the on-chain analytics firm Glassnode, tight price ranges have historically preceded large moves in the cryptocurrency’s…
Bitcoin (BTC) has experienced a significant surge of over 10% in the last few days, leaving BTC bulls in euphoria. The largest cryptocurrency in the market has again become the center of attention, with investors expecting more upside movements soon. However, BTC recently stopped its uptrend and presented a minor pullback below the $30,000 level.…
Bitcoin, the cryptocurrency boasting the highest global market capitalization, has experienced an unexpected and significant surge, surpassing the crucial $30,000 threshold for the first time since April 19. This remarkable upswing has managed to captivate the attention of the esteemed trader, John Bollinger, who graciously shared his astute insights regarding Bitcoin’s current momentum. In his…
On-chain data shows that Bitcoin whales have just had their most active hour in around three months as the asset has broken past $30,000. Bitcoin Whale Transaction Count Has Observed A Spike Recently According to data from the on-chain analytics firm Santiment, 259 whale transactions occurred two hours after the local top that the cryptocurrency…
BlackRock’s filing for a Bitcoin spot ETF (iShares Bitcoin Trust) has breathed new life into the market and sparked a strong rally. The hope is that BlackRock will trigger a “Great Accumulation Race” around Bitcoin, fuelled by the fact that 69% of all investors have been unwilling to sell their Bitcoins for over a year,…
Core Scientific, a prominent Bitcoin mining company, has recently made headlines as it filed for Chapter 11 bankruptcy protection. The move comes as the crypto industry grapples with the enduring effects of the ongoing crypto winter, impacting various firms in the sector. Core Scientific’s decision to seek bankruptcy protection is part of its strategy to…