Bitcoin’s Quarterly Performance Hints At Possible Correction—Here’s What You Should Know
As Bitcoin experiences a gradual recovery in its price performance, a new analysis sheds light on the cryptocurrency’s broader market stance. A CryptoQuant analyst known as “Crazzyblockk” recently shared an in-depth key metrics like the asset’s market capitalization and realized capitalization. According to the analyst, examining these metrics every quarter can offer valuable insights into…
Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside
Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend. Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders…
Bitcoin Finally Breaks Above Falling Wedge Pattern—Here’s The Next Target
Bitcoin has seen a significant price movement today, reaching a high of $67,803, breaking above a descending falling wedge pattern on the daily chart. While this breakout has captured attention, Bitcoin is yet to close a daily candle above this resistance, which would confirm the breakout as successful. Regardless, this development has sparked fresh analyses…
Bitcoin’s Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels
Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTC’s performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance levels after…
Bitcoin Reclaims $62k: Analysts Explain Why The Bull Cycle Is Far From Over
The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key…
Bitcoin’s Next Move? Veteran Trader Predicts Possible 75% Crash—Here’s Why
Peter Brandt, a well-known veteran in the trading community, recently took to X to share a concerning outlook on Bitcoin price trajectory. Brandt’s warning comes amid a relatively stagnant performance by the leading crypto, failing to produce any decisive moves toward new all-time highs in recent months. Brand pointed out a historical pattern that could…
Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming?
After briefly rising above $63,000 in recent days, renewing investor’s hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final…
Analyst Warns Of Bitcoin Market Shift: Are We Near A Major Sell-Off?
Bitcoin has recently seen quite an interesting trend in its key metrics suggesting a significant movement ahead, according to a post by CryptoQuant analyst Amr Taha. The post, shared on the CryptoQuant QuickTake platform, highlights notable changes in both long-term and short-term holder behaviour of Bitcoin, as well as in realized profit and loss figures.…
Critical Moment For Bitcoin: Analyst Reveals Key Psychological Turning Point
The recent Bitcoin price action appears to have caught the attention of market analysts, with a particular focus on its positioning between key psychological levels. A CryptoQuant analyst under the pseudonym “datascope” recently posted on the CryptoQuant QuickTake platform, providing an in-depth analysis of Bitcoin’s current price movements. The analyst highlighted that Bitcoin is at…
Short-Term Bitcoin Holders Panic Sell: Here’s Why It Might Be Great News For BTC
Amid the Bitcoin gradual recovery in price, the asset seems to have been experiencing an interesting market trend lately, suggesting a shift in its supply distribution. According to a CryptoQuant analyst, who goes by the pseudonym ‘IT Tech,’ BTC’s recent price fluctuations have led to short-term holders (STHs), labeled as “weak hands,” exiting the market,…