Bitcoin Finally Breaks Above Falling Wedge Pattern—Here’s The Next Target
Bitcoin has seen a significant price movement today, reaching a high of $67,803, breaking above a descending falling wedge pattern on the daily chart. While this breakout has captured attention, Bitcoin is yet to close a daily candle above this resistance, which would confirm the breakout as successful. Regardless, this development has sparked fresh analyses…
Bitcoin Breaks Through $65,000, Is “Uptober” Rally Just Getting Started?
Bitcoin (BTC) has surged past the $65,000 mark, renewing traders’ optimism for an “Uptober” rally that could extend the digital asset’s bullish momentum. Is The Bitcoin “Uptober” Rally Finally Here? In the early hours of October 15, Bitcoin briefly crossed $66,000 before retracing to $65,964 at the time of writing. Over the past 24 hours,…
Institutions Pile Into Bitcoin As Retail Sells—A Bullish Signal For The Market?
As Bitcoin continues its journey toward recovery, recent market activity has revealed an interesting shift in investor behaviour. According to a CryptoQuant analyst known as caueconomy, institutional investors are quietly accumulating Bitcoin as retail traders reduce their positions. This observation was shared in a post on the CryptoQuant QuickTake platform, highlighting a growing trend where…
On-Chain Metrics Reveal Bitcoin Demand Is Growing – Can BTC Break ATHs In Q4?
Bitcoin surged over 5% yesterday, following a positive day across the crypto market. This sudden price boost has sparked optimism among investors and analysts, anticipating even bigger gains in the coming months. Market sentiment is improving alongside price action, fueling hopes for a sustained rally. Key data from CryptoQuant suggests that Bitcoin demand is rising, supporting…
Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?
The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and…
Samara Asset Group Eyes $32.8 Million Bond Issuance To Increase Bitcoin Holdings
In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to schedule a series of fixed-income investor meetings…
Bitcoin Nears Key Breakout: Last Three 200-Day MA Crossings Triggered ‘Parabolic Bull Runs’
After a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls…
Bitcoin Reclaims $66k But Retail Investors Lag—Is A Final FOMO Wave Coming?
Bitcoin has recently begun to see a major recovery in its price, reclaiming the $66,000 mark earlier today. This sudden positivity in price performance has prompted debates on whether retail investors and newcomers have returned to the market. Although there has so far been speculation about increased retail participation, a detailed analysis reveals a more…
Bitcoin Price Braces For Volatility Ahead Of Chinese Stimulus Speculations, Options Expiry
Bitcoin (BTC) may experience increased volatility in the coming days, driven by speculation surrounding another Chinese fiscal stimulus announcement and the expiration of BTC options worth $1.1 billion. Chinese Stimulus Measures To Help Bitcoin? According to the State Council Information Office, China’s Finance Minister, Lan Fo’an, is expected to provide details on upcoming fiscal stimulus…
Bitcoin Price Hope: Mt. Gox Delays Repayment Plan Until October 2025
In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors. Originally set for October 31, 2024, the new deadline for repayments has been pushed to October 31,…