Bitcoin $90K Level Is Crucial For Bulls – Price Could Tag $79K If BTC Loses It
Bitcoin has found itself in a challenging position, struggling to reclaim the coveted $100,000 mark after a rapid shift in market sentiment. Just weeks ago, optimism dominated the landscape, with prices surging toward new heights. However, the narrative has taken a sharp turn, as fear now grips the market following a sudden correction. Currently trading…
Bitcoin Price Enters Correction Phase On Its Path To Explode Above $110,000
The Bitcoin price is still in a correction phase under $100,000, as it is currently down by 1.93% in the past 24 hours. Nonetheless, crypto analyst Titan of Crypto is sure that the leading cryptocurrency is still maintaining its trajectory to the $110,000 mark. According to the analyst, Bitcoin at $110,000 is inevitable, although there…
Bitcoin Price Retests Support Line After Crash Below $95,000, Here’s The Next Target
The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after stage a recovery and skyrocket to its next bullish target, aligning with the upper resistance line of the channel. Bitcoin Price Retest Support…
Bitcoin Exchange Reserves Surge: Are Traders Preparing For A Major Market Shift?
Bitcoin has recently shown signs of potential market shifts as key metrics reflect changing investor behavior. This is evident in Bitcoin reserves on spot exchanges, which had been in a steady decline for weeks, now seeing a notable uptick with an inflow exceeding 20,000 BTC, according to CryptoQuant analyst IT Tech. Simultaneously, netflows across all…
Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’
Crypto analyst Egrag Crypto has boldly predicted that the XRP price will outperform Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiplier than BTC and ETH. XRP Price To Outperform Bitcoin And Ethereum In an two largest coins by market cap. Egrag Crypto went further to explain…
Is Bitcoin Bull Run Over? What This Legendary Metric Says
Here’s what the historical trend of the Bitcoin Market Value to Realized Value (MVRV) Ratio suggests regarding whether the current bull run is over or not. Bitcoin MVRV Ratio Could Hint At Where BTC Is In Current Cycle In a new MVRV Ratio refers to a popular on-chain metric that, in short, keeps track of…
Who Profited During Bitcoin’s $100,000 Surge? Analyst Breaks Down the Data
Bitcoin ongoing price movement has sparked intense analysis as it continues to hover below the $100,000 mark. Despite reaching an all-time high above $108,000 last week, the cryptocurrency has struggled to maintain upward momentum ever since. With this performance, BTC’s on-chain data has been brought to the spotlight to uncover the factors driving recent selling…
Bitcoin Reserve Idea Sparks Cautious Response From Japan PM: Report
According to a recent report by Japanese cryptocurrency publication CoinPost, Japan’s Prime Minister Shigeru Ishiba has taken a cautious stance on the proposal to establish a national Bitcoin (BTC) reserve. Ishiba Hesitant On Bitcoin Reserve Plans While some policymakers in Japan are advocating for the country to follow the lead of nations like the United…
Bitcoin Tokens Have Only Been Getting Older This Bull Run, Analyst Reveals
An analyst has explained how the age of the average Bitcoin token has only been getting older during the recent bull run, something that could be bullish for the asset’s price. Bitcoin Average Coin Age Has Been Trending Up Recently In a new post on X, CryptoQuant author Axel Adler Jr has talked about the…
Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K?
Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone. Market participants are now closely watching Bitcoin’s next move, anticipating continued…