Bitcoin’s Make-or-Break Moment: What’s Holding Back the Next Big Rally?
Bitcoin’s price has gradually increased, climbing from $96,000 to nearly $97,000 as of today. Although still shy of the coveted $100,000 mark, the leading cryptocurrency shows signs of resilience. This recovery is unfolding against the backdrop of mixed market signals, prompting analysts to weigh the potential for continued bullish momentum versus the risk of a…
Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step
Weeks after hitting an all-time high above $109,000, Bitcoin’s price remains under pressure. It is currently trading below the $100,000 mark, an 11.4% decrease from its peak. The crypto asset’s recent trajectory has raised questions about its next move as it trades within a relatively tight range. According to CryptoQuant analyst Percival, Bitcoin is exhibiting…
Bitcoin Finally Independent? BTC-S&P 500 Correlation Hits Zero
Data shows the Correlation between Bitcoin and S&P 500 has declined to zero recently, a sign that BTC is no longer attached to the stock market. Bitcoin Correlation To S&P 500 Has Witnessed A Plunge Recently In a new Correlation” here refers to an indicator that keeps track of how tied together the prices of…
Bitcoin Presents A ‘Generational Opportunity’ As Global Turmoil Intensifies, Says Bitwise Executive
In a post on X published yesterday, Jeff Park, Head of Alpha Strategies at Bitwise, stated that Bitcoin (BTC) currently presents a “generational opportunity” amid intensifying global macroeconomic turmoil. Park pointed to factors such as US President Donald Trump’s proposed trade tariffs, concerns over the US debt ceiling, and the growing sentiment of deglobalization as…
Glassnode Reveals Where Bitcoin Could Find Support If Current Level Breaks Down
The on-chain analytics firm Glassnode has revealed where the next Bitcoin support level could be based on different pricing models. Bitcoin Is Currently Retesting 1-Year MVRV Z-Score Mean In a new post on X, the on-chain analytics firm Glassnode has discussed about how BTC has been looking on a couple of pricing models recently. The…
Bitcoin Forms Rounding Bottom – Expert Sees Push To $100K Next Week
Bitcoin has been trading sideways in a tight consolidation range, staying below key supply levels while holding strong above crucial demand zones. This phase of indecision has divided market sentiment, with many leaning toward a bullish trend that could result in an aggressive move in the coming days. While uncertainty lingers, analysts are optimistic that…
Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing?
Bitcoin has faced persistent challenges in recent weeks, struggling to maintain a stable upward momentum. After recently slipping below $100,000, the cryptocurrency now hovers around the $95,000 mark, causing uncertainty among investors. Despite these setbacks, some analysts see signs that the market’s bull cycle may still have room to run. CryptoQuant contributor MAC_D recently examined…
Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path
On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of…
Bitcoin Indicator That Timed January Top Now Gives Signal To Buy
An analyst has pointed out how the Bitcoin Tom Demark (TD) Sequential has just given a signal that could be bullish for the asset’s price. Bitcoin TD Sequential Is Flashing A Buy Signal Right Now In a new TD Sequential” here refers to an indicator from technical analysis (TA) that’s used for locating probable tops…
Bitcoin Shows Signs of Recovery as Leverage Decreases and Outflows Rise
Bitcoin is now experiencing a break from last week’s steady decline, which saw the asset drop as low as $94,000. As of today, BTC’s price has steadily climbed, hovering above $97,000 at the time of writing—a 1.3% gain in the past day. Amid this Bitcoin price performance, a CryptoQuant analyst known as Crypto Lion has…