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…
Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst
A “big announcement” tied to US President Donald Trump’s Bitcoin reserve is expected within weeks, according to White House crypto advisor Patrick Witt, who made the statement at the Bitcoin Conference in Las Vegas earlier this week. Bitcoin: Market Momentum, Not Messaging The timing of that potential announcement comes as Bitcoin sits well below the…
Bitcoin Could Be One Breakout Away From A Structural Shift: Analysts
Fewer derivative traders are placing new bets on Bitcoin right now. Open interest has barely moved — up just 1.50% to $55 billion — and more futures positions closed than opened in the past 24 hours. Volume dropped 21% to $30 billion. The market is waiting. Sellers Have Had The Upper Hand For Over A…
Bitcoin Price Yet To Bottom Based On MVRV Bands — $43K Still Possible?
The Bitcoin price enjoyed a modest recovery on Friday, the start of May. Alongside its technically bullish structure, this auspicious beginning tells a story about Bitcoin’s chances of performing impressively in the coming weeks. Yet, the flagship cryptocurrency still faces a broader threat of a potential downturn. According to data from a recent on-chain evaluation,…
Bitcoin Clings To Key Support: EMA Reclaim Vs $78,000 Resistance Showdown
Bitcoin is holding a critical position as it attempts to stabilize above a key moving average while facing persistent resistance near $78,000. The recent reclaim of the 21-week EMA signals potential strength, but repeated rejections overhead continue to test bullish momentum. With price caught between strong support and a stubborn ceiling, the next move could…
Analyst Predicts Exactly When To Sell Bitcoin For The Most Return
A crypto analyst has outlined a specific period he believes could be the right time to sell Bitcoin (BTC) for the most returns. Supporting his prediction, the analyst highlighted a recurring historical pattern that has marked major bullish turning points in BTC’s market cycles. He suggested that these past patterns could be used to determine…
Bitcoin Renko Mari-Ashi Reveals Where The Bottom Lies And When The Rise Will Begin Again
A crypto analyst has shared more insights into the Bitcoin (BTC) price action using a rare Japanese chart pattern called the Renko Mari-Ashi. The chart shows that the Bitcoin price has formed a Double Bottom and could be on the verge of a major breakout. Additionally, it has highlighted the points where the Double Bottom…
Bitcoin Slips Below Key Holder Cost Basis Ahead Of $1.74B Options Expiry
Bitcoin is trading below a key cost threshold that short-term holders paid to acquire it — a sign that many recent buyers are sitting on losses heading into one of the largest options expiry events of the month. Bitcoin: Bears Hold The Edge Going Into Expiry Glassnode data shows Bitcoin is currently priced under the…
Bitcoin ETFs Lose Nearly Half A Billion Dollars As Fear Returns To Crypto
Bitcoin was trading at $75,900 on Wednesday after the Federal Reserve’s latest rate decision sent a chill through crypto markets, capping three straight days of withdrawals from US spot Bitcoin exchange-traded funds that together erased more than $490 million. Fidelity And BlackRock Lead The Exodus Fidelity’s FBTC took the heaviest hit, shedding $191 million over…
Why The Bitcoin Price Could Hit $68,000 Again
The Bitcoin price is currently sitting on a key support trendline that could determine its next major move. According to a crypto analyst, a breakout from this level could lead to two possible scenarios. On the bullish side, the cryptocurrency could extend its recent price recovery and push higher. However, in a bearish scenario, the…