Bitcoin Weekly Closes Above Range High Despite Crash From $107,000, Why The Bulls Are Still In Charge
Bitcoin is currently trading around the $105,000 mark after a brief uptick to $107,000 in the past 24 hours. Notably, this marks the second time Bitcoin has rejected around $107,000 in the past few days. confidence in the continuation of the uptrend, and points to the bulls still in control of Bitcoin’s price action. Bitcoin…
Is Bitcoin Ready For New ATHs? What The Charts Say
An analyst has explained what some charts related to Bitcoin could say regarding whether the current run can lead to a new high or not. Bitcoin Momentum May Be Stalling According To These Signs In a new post on X, analyst Ali Martinez has talked about some technical analysis (TA) signs that could reveal if…
Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K
Bitcoin is showing signs of calm after a wild ride earlier this year. The top cryptocurrency dropped sharply from a high of $109,000 in January to a low of $74,600 by mid-April. That’s more than $34,000 wiped out in just a few months. But things have shifted since then. Bitcoin climbed back, gaining over 30%…
Bitcoin Rebound Signals Healthier Bull Market Without Overheating, Analyst Says
Unlike previous market rallies, the latest rebound in Bitcoin (BTC) – pushing it from a potential cycle low of $74,508 on April 6 to slightly above $100,000 at the time of writing – is characterized by healthier price movement. Current Bitcoin Rally Not Showing Signs Of Overheating According to a recent CryptoQuant Quicktakes post by…
Bitcoin At $103,000 Relatively Cool Per This Indicator, Quant Says
A quant has pointed out how the Mayer Multiple could suggest Bitcoin is still not overheated at $103,000 when compared to past trend. Bitcoin Mayer Multiple Z-Score Is Still Under Its Mean In a Mayer Multiple” here refers to an indicator that keeps track of the ratio between the BTC spot price and its 200-day…
Bitcoin’s Fate May Be Sealed On June 9, Analyst Warns
Bitcoin spent the European trading hours changing hands near $103,000 after Sunday night’s failed attempt to clear $107,100. The pull-back has done little to dent the conviction of market technician Dr Cat (@DoctorCatX), who argues that the decisive battleground is still three weeks away: the weekly close of 9 June, when the Tenkan-sen is projected…
Bitcoin Consolidates Below ATH – Buying Pressure Weakens As Equities Outperform
Bitcoin is facing growing risks of a pullback as bullish momentum begins to fade near key resistance. After weeks of impressive gains, BTC is now consolidating in a tight range just below its all-time high, with buyers struggling to push the price into price discovery. This ongoing indecision has raised concerns among traders and analysts,…
Bitcoin Up $18,000, But HODLer Profits Same As On April 1—Here’s Why
On-chain data shows the profit margin of the Bitcoin long-term holders is currently the same as when BTC was still $85,000. Here’s what’s behind this. Bitcoin Long-Term Holder NUPL Has Returned To 0.69 In a new NUPL is an indicator that keeps track of the difference between the unrealized profit and unrealized loss held by…
Bitcoin Near ATH, But Long-Term Holders Aren’t Selling – More Upside Ahead?
Fresh on-chain data suggests that despite Bitcoin (BTC) trading close to its all-time high (ATH), long-term holders (LTHs) are not offloading their holdings. Instead, these investors are continuing to accumulate the world’s largest cryptocurrency by market capitalization, signaling their confidence in further price gains in the coming weeks. Long-Term Bitcoin Holders Are Not Selling Yet…
Bitcoin Retail Demand Rises 3.4% As Small Investors Return To The Market – New ATH Soon?
Retail participation in the Bitcoin (BTC) market is on the rise, as on-chain data indicates that smaller investors are gradually re-entering the space. This renewed activity is often a sign of growing confidence in the asset and can act as a catalyst for the next leg up in price. Bitcoin Witnesses Rise In Retail Participation…