Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash
Bitcoin’s climb back above $82,000 has led to bullish conviction among investors. However, an interesting technical analysis suggests that the rally may still be part of a corrective structure, not the start of a clean impulsive breakout. That difference is important, because the analysis shows that Bitcoin is now approaching a resistance band that could…
Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There?
A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins…
Bullish Signal? Crypto Funds Log 5th Consecutive Week Of Inflows
US spot Bitcoin ETFs kicked off this week with $532 million in single-day crypto inflows on Monday, led by BlackRock’s IBIT at $335 million and Fidelity’s FBTC at $184 million. That strong start followed a week that nearly ended in the red — saved only by a massive Friday session that kept a five-week winning…
Bitcoin Eyes $90K As Bears Get Burned Again Amid $30B Open Interest Surge
More than $4 billion in long positions now sit within striking distance of liquidation near $77,000 — a figure that underscores just how much is riding on Bitcoin holding its current footing above $80,000. Bears Keep Rebuilding, Keep Getting Burned Data tracked by Bitcoin researcher Axel Adler Jr. shows that close to $8 billion in…
Bitcoin Market Rocked By $1.6 Billion Wave Of Aggressive Selling
If Bitcoin closes above $80,000 on a daily candle, a short squeeze could send prices racing toward $82,230 — a level that hasn’t been tested in seven months. That’s the scenario analysts are watching after a massive wave of selling halted Bitcoin’s climb at a key resistance zone over the weekend. Short Sellers Dominate The…
Long-Dormant Bitcoin Whale Transfers 11,300 BTC, Sparking Market Speculation
The Bitcoin weekly chart is sitting at a crossroads. The price is pushing against a resistance zone between $78,000 and $80,000 — a level that analysts say could determine whether the market shifts direction or slides further down. Old Wallets Break Their Silence Two Bitcoin wallets, each dormant for more than 14 years, moved large…
Bitcoin Bottom Zone Now Lies Around $59,000 Based On This On-Chain Metric
After weeks of renewed optimism, many in the Bitcoin market now believe the tide could finally be turning. While the premier cryptocurrency’s price action has been steadily turning around since the start of April, the current on-chain structure suggests expectations might be overestimated. According to an on-chain analyst, BTC’s recovery process is unlikely to occur…
Bitcoin At Risk As TD Sequential Flashes Key Bearish Signal – Details
Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. TD Sequential Highlights Critical Bitcoin Support In an X post on…
Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next?
Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s…
Bitcoin At A Transitional Phase? Bull Score Index Signals Uncertain Momentum
The Bitcoin market appears to be at a critical phase, as evidenced by data from a recent on-chain evaluation. According to this latest analysis, the Bitcoin price shows few signs of a clear directional trend, with uncertainty as the prevailing structure. Bull Score Index Within Neutral Territory In an X post on May 2, pseudonymous…