Bitcoin Price Completes Head And Shoulder Formation, Analyst Predicts Crash To $78,000
Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by market cap could crash to as low as $78,000. Bitcoin Price Forming Head And Shoulders Pattern In a TradingView post, Melika Trader revealed that the Bitcoin…
Bitcoin Explodes Above $94,000 — What’s Igniting The Fire?
Bitcoin’s ascent gathered fresh momentum on Tuesday, charging above the $94,000 mark and extending the gains to 26% since April 9. Three interlocking forces—geopolitics, strategic balance-sheet demand, and resurgent exchange-traded-fund flows—coalesced over the past 24 hours to ignite the rally. Why Is Bitcoin Up Today? The first spark came from Washington, where US President Donald…
Bitcoin Short-Term Holders Back In Green As Price Breaks $94,000
On-chain data shows the Bitcoin price has reclaimed the cost basis of the short-term holders, a level that has historically been psychologically important. Bitcoin Is Now Back Above The Short-Term Holder Realized Price In a new Realized Price” here refers to an indicator that keeps track of the cost basis or acquisition level of the average…
Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says
After months of bullish momentum that pushed the Bitcoin price to an all-time high of over $109,000 earlier this year, analysts are now debating whether that surge marked the official market top. Strengthening this argument, a confluence of technical indicators suggests the market cycle may have already peaked—most notably, the behavior of the Market Value…
Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst Says
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to sustain its bullish momentum. Analyst Highlights Key Bitcoin Cost Basis Zones Bitcoin is beginning to show signs of newfound strength, with the top digital asset surging nearly…
Gold Rush Or Bitcoin Boom? China Buys Big, BTC Price Follows
China has added five tonnes of gold to its reserves in under a month as part of an increasing aggressive purchase of the precious metal. Bitcoin continues to stand firm above the $87,000 level despite recent market fluctuations. PBOC Gold Accumulation Up As Bitcoin Price Soars According to the Kobeissi Letter in posting messages on…
Bitcoin Rally Ahead? Analysts Say These Key Indicators Look Bullish
Bitcoin (BTC) posted modest gains earlier today, trading above $87,000 for the first time since April 1. Crypto analysts now suggest that BTC may be on the verge of a sustained rally, as several key indicators are flashing bullish signals. Bitcoin Rally Ahead? These Indicators Say Yes According to a CryptoQuant Quicktake post published today,…
Bearish Case For Bitcoin: Analyst Warns Falling Wedge Is A Whale Trap That Could Drag Price To $67k
Bitcoin has spent the past seven days trying to hold near $85,000, with a trading range between $83,200 and $86,000. Buying momentum has turned positive in the past 24 hours, but an interesting technical analysis of the current price action points to a looming downside risk. Crypto analyst Xanrox laid out a bearish case for…
What’s Next For Bitcoin After Crossing $87,000? Expert Discusses Possible Outcomes
This Sunday, the market’s leading cryptocurrency, Bitcoin (BTC), has once again crossed the $87,000 mark, following what analysts describe as a healthy correction that brought prices down to $74,000 earlier this month. In a recent post on social media platform X (formerly Twitter), crypto analyst Doctor Profit provided a comprehensive analysis of the current price…
Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins
The Bitcoin dominance in the cryptocurrency market is inching dangerously close to a long-term resistance level that has triggered major reversals in the past. This resistance level is highlighted on the weekly BTC.D candlestick timeframe chart. Each time the dominance taps this descending trendline, it struggles to break through and eventually tumbles. Notably, Bitcoin’s dominance…