Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K
Bitcoin futures open interest has climbed to fresh record highs this week. Traders have piled into contracts betting on rising prices. Open interest topped $80 billion on May 23, up roughly 30% since the start of the month. That shows more money is riding on Bitcoin’s next moves than ever before. Rising Futures Interest According…
Bitcoin Golden Cross In Play – Analyst Reveals Best Course Of Action
Bitcoin’s price action in the past 24 hours has been nothing short of remarkable. After consolidating for several days in a tightening range, the market broke past the $105,503 support-turned-resistance zone earlier in the week and kicked off a steep climb in the past trading day. This has allowed Bitcoin to push into new all-time…
Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top
Bitcoin’s price action in the past 24 hours has been marked by a highly volatile phase that saw it briefly reach above the $106,000 mark. However, this was followed by a return to consolidation around the $103,000 price level. This intense volatility in the past 24 hours suggests that the Bitcoin price still has a…
Bitcoin Bulls Face Make-Or-Break Moment At $106,500 Resistance – Details
Popular digital asset analyst with X handle Crypto Patel has stated that Bitcoin is currently retesting a crucial price resistance at the $106,500 price region. Based on the asset’s performance at this level, BTC investors could expect a bullish price continuation or a significant price pullback. After a brief rise above $105,000 on May 12,…
Bitcoin Must Close Above $107,000 To Confirm Breakout Or Risk Dropping To $98K
After a powerful rally earlier this month, Bitcoin’s price action has stalled just above $103,000 and has been caught in a tight consolidation range for over the past week. The daily chart shows consistent resistance just above $107,000, with the latest candles forming in a compressed horizontal band, indicating indecision and low momentum. This price…
On-Chain Data Tips Bitcoin To Peak At $120,000 – But On This Condition
Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the asset’s price has jumped by over 37.5% to trade as high as $105,490. While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency…
Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why
The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the cryptocurrency market at the moment. After a dour performance during the week, the premier cryptocurrency has continued to trade within the $92,000 – $95,000 range on Saturday, May 17. With the choppy price action, doubt…
Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon?
Following the return above $100,000 in the previous week, Bitcoin has fought well to maintain its hold above the six-figure mark in recent days. While the flagship cryptocurrency retains its six-figure valuation, there’s still some momentum lacking in its price action, as spotlighted by last week’s performance. According to recent analysis, the sluggishness and apparent…
Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum
The price of Bitcoin has been on quite the run since mid-April, finding its way from beneath the $85,000 mark to as high as $104,700 over the past month. The largest cryptocurrency market enjoyed a positive shift in investor sentiment and a fresh influx of capital, especially through the BTC exchange-traded funds (ETFs). Interestingly, the…
Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now
Bitcoin is still trading around the $103,000 mark, although the upward momentum it started in May has exhibited a slowdown in the past seven days. Although a short-term volatility is currently playing out, the long-term outlook is undoubtedly bullish. Some analysts are looking to long-term cycle indicators for direction. One such tool, the Golden Ratio…