Bitcoin In Stalemate With Liquidation Traps On Both Sides Of The Market
Bitcoin prices climbed by 5.07% in the past week to hit a local peak of $108,000 before experiencing a solid rejection. Since then, the leading cryptocurrency has remained in the $106,000 – $107,000 range showing no indications of a breakout in either market direction. Amidst this market consolidation, renowned crypto analyst with X username KillaXBT…
Bitcoin Spot ETFs Register $2 Billion Inflows As Institutional Demand Surges – Details
The US Bitcoin spot ETFs logged over $2 billion in net inflows last week, marking a three-week streak of positive momentum. Despite a bearish start to June, with $128.81 million in net outflows during the first trading week, investor appetite soon quickly rebounded. This turnaround has resulted in a cumulative $4.63 billion in deposits over…
Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?
After an eventful start to the week marked by a sharp downward swing below $100,000, the Bitcoin price has recovered excellently, returning above the $107,000 mark to close the week. In spite of Bitcoin’s recent recovery, there seems to be a different sentiment in the market which, interestingly, has been growing over time. Here’s how the…
Bitcoin Consolidating Below $108,000 But Eyes $115,000 Target
Bitcoin’s price action has been relatively stable in recent days, currently trading just above $107,000 after briefly touching previous highs near $108,000. Amid this backdrop, technical analysis from a popular crypto analyst on the TradingView platform outlined a compelling structural setup forming on Bitcoin’s daily chart. The analysis shows that Bitcoin’s action is in a…
The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength
Bitcoin briefly climbed back above $100,000 this month, pushing close to the $108,000 level before a new pullback. The move looks strong on the surface. But based on reports from Glassnode, much of that surge came from traders using borrowed funds, not fresh buyers piling in. Speculative Bets Fuel Recent Rally According to on-chain data,…
Bitcoin Bullishness For Q3 Grows: What Happens In Every Post-Halving Year?
As Bitcoin (BTC) enters explosive market moves. A crypto analyst now points to recurring trends observed in past cycles, where Q3 has often acted as a launchpad for significant price rallies in BTC following each halving year. Bitcoin Post-Halving Years Point To Explosive Q3 Luca, a crypto market expert on X (formerly Twitter), has doubled…
Bitcoin Gets The Greenlight To Be Counted As Assets For Mortgage Applications, But What About XRP?
A major breakthrough has just arrived for Bitcoin and the crypto industry from one of the most influential financial regulatory bodies in the United States. The Federal Housing Finance Agency (FHFA), which oversees the country’s largest mortgage liquidity providers, has issued a directive that could change how digital assets are viewed. Under this directive, mortgage…
Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again
Bitcoin returned to its familiar price range over the week after a dip last weekend brought its price to just under $99,000. This was followed by a bounce to the $106,000 price level, which has given bulls a reason to remain hopeful. However, on-chain data shows some deeper cracks are forming beneath the surface. The…
Extended Wave 5 Scenario Puts Bitcoin Price Above $300,000 With Step-Like Structure In Place
The Bitcoin price could be entering the final and most explosive phase of its current market cycle, as an analyst maps out the cryptocurrency’s next movements onto a parabolic step-like structure. Reinforcing this bullish outlook is the Elliott Wave 5 count, which points to an epic price rally that could propel Bitcoin above $300,000, eclipsing…
Bitcoin To Surge To $130,000 Next? What The Wave Count Says
After a week of volatile price action, Bitcoin has once again returned to familiar territory around the $106,000 price level. However, on-chain data shows that investors are still cautious, with the crypto Fear & Greed Index now in the neutral zone. On the other hand, technical analysis of Bitcoin’s price action on the 4-hour candlestick…