According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average stands at 32%, a nine-month low. This is the lowest level since April 2022, when the Bitcoin price was changing hands at the $40,000 range. Bitcoin Supply In Loss At 32% The Bitcoin supply in loss is…
Bitcoin price failed to settle above $23,500 and corrected lower. BTC is trading above $22,400, but it is now trading below the 100 hourly SMA. Bitcoin is slowly moving lower from the $23,500 resistance zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a key contracting triangle forming…
Bitcoin price started a fresh increase from the $22,400 support zone. BTC climbed to a new yearly high and now aims more upsides above $24,000. Bitcoin started a fresh increase after forming a base near the $22,400 support zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a…
Ahead of Gold, US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) in the top 1 best-performing asset year-to-date, per a Twitter user. According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.1.…
Bitcoin price started a downside correction below $23,000. BTC is testing an important support and might start a fresh increase towards $23,500. Bitcoin started a downside correction and declined below the $23,000 support zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a major bullish trend line forming…
Bitcoin price remained well supported above the $22,300 zone. BTC is rising and might aim a fresh increase above the $23,500 resistance zone. Bitcoin started a minor downside correction and tested the $22,400 support zone. The price is trading above $22,500 and the 100 hourly simple moving average. There is a key bullish trend line…
Bitcoin price continues to push higher, leaving very few pullback opportunities thus far for those that failed to buy below $20,000. Price action on BTCUSD the weekly timeframe, according to the Relative Strength Index, has reached a critical line that separates bear market from bull market. Any higher, and crypto could experience a full blown…
The price of Bitcoin keeps smashing resistance levels while reclaiming previously lost territory. Unlike other rallies into the current area, this price action might suggest a persistent trend and a new dawn for the industry following months of collapsing companies and bankruptcies. As of this writing, Bitcoin (BTC) trades at $22,800 with sideways movement in…
Bitcoin price has already had a good week. The digital asset already rallied to two-month highs above $23,000 and is still maintaining a good portion of its bullish momentum. Despite this already impressive growth over the last few weeks, a crypto analyst known on Twitter as Kaleo is not convinced that the best of the…
Bitcoin price gained pace and traded above $23,000. BTC is consolidating gains and might start another increase towards $23,500. Bitcoin traded to a new yearly high at $23,428 before it started a downside correction. The price is trading above $22,000 and the 100 hourly simple moving average. There is a major bullish trend line forming…