Who Is Really Selling Bitcoin? Analyst Uncovers The On-chain Dynamics
Bitcoin traded within a range-bound spell throughout March, with prices briefly rallying to $75,000 before falling back within the boundaries of the $63,000-$71,000 range. However, despite this, Bitcoin price struggles within this consolidation phase; the underlying dynamics are telling an interesting story concerning who the current distributors of Bitcoin are. Short-Term Holders Dominate Sell-Side Pressure…
Analyst Who Called Bitcoin Top Says Price Is Going To $200,000, But Should You Buy Now?
Crypto analyst Doctor Profit, who called the Bitcoin top, has predicted that BTC could still rally to $200,000, marking a new all-time high (ATH) for the leading crypto. However, the analyst suggested now isn’t a good time to buy as BTC is still likely to drop lower. Bitcoin Still Going To Rally To $200,000 But…
Bitcoin Price Breakdown To $45,000: The Levels To Watch Out For Next Steps
The Bitcoin price recently broke down to $66,000, and a bearish retest of $69,000 has now been confirmed, two conditions that technical analysis shows are prerequisites for a move to $45,000. With both boxes checked, the path of least resistance is pointing to a considerably lower move, and the levels ahead will determine how this…
Bitcoin And Ethereum Adoption Gets A Boost From Schwab Launch
Adoption of Bitcoin and Ethereum is poised to take a significant step forward as Charles Schwab introduces direct trading for both assets on its platform. As one of the largest financial institutions in the world, managing trillions in client assets, Schwab’s entry into the crypto space represents a major bridge between traditional finance and digital…
Bitcoin Stalls At $66,000 As Market Quietly Prepares For A Downside Draw
Bitcoin is showing signs of hesitation at the $66,000 level, with price action slipping into a tight, choppy range. Momentum on the upside continues to fade, and each attempt to push higher is met with weaker follow-through. Beneath the surface, liquidity remains stacked, suggesting the market may be quietly positioning for a move lower rather…
CryptoQuant Issues Stark Forecast — Bitcoin May Fall As Low As $10,000 This Year
Bitcoin (BTC) faces a stark downside risk that could send prices below the previous bear market lows, according to a new analysis from blockchain data firm CryptoQuant. The firm warns that a confluence of geopolitical shocks, macroeconomic repricing, and fragile derivatives positioning could push the largest cryptocurrency as low as $10,000 in a worst‑case scenario…
Bitcoin Price To $80,000: How The February Bullish Trend Can Push It 20% Higher
Crypto analyst Jordan has predicted that the Bitcoin price could rally to $80,000 in the short term. The analyst pointed to a February bullish trend that could spark this rally for the leading crypto. Bitcoin Price Eyes Rally To $80,000 Based On This Trend In an X post, Jordan predicted that the Bitcoin price could…
Bitcoin Mining Not As Globally Decentralized As It Appears — Here’s Why
Bitcoin is often celebrated as a decentralized network, with mining power distributed globally to ensure security and neutrality. However, a closer look at mining activity suggests that this decentralization may not be as evenly distributed as it appears. While individual theories can participate in mining, the majority of the network’s hash power is concentrated among…
Standard Chartered Sees Bitcoin Exploding To $500K By 2030
Ethereum could outpace Bitcoin by a wide margin over the next four years — at least according to one of the most bullish forecasts to come out of traditional banking. That is the view from Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, who laid out the projection in a recent podcast…
Are The Rising Oil Prices Bullish Or Bearish For The Bitcoin Price?
The ongoing tensions in the Middle East continue to put immense pressure on Bitcoin and other risk assets. As investor sentiments turn increasingly cautious, analysts are weighing the potential impact of rising oil prices on Bitcoin. The overall outlook is not looking good, with projections suggesting further downside for the leading cryptocurrency. A clearer path…