Bitcoin Price Slides From Peak Levels—Is a Bigger Correction on Deck?
Bitcoin price failed to continue higher above $94,000. BTC is now gaining bearish pace and might decline further below $89,500. Bitcoin started a downside correction from the $94,500 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $91,600…
Bitcoin Treads Water At $90,000 — Market Braces For FOMC To End The Compression Phase
Bitcoin is currently holding steady, trading water around the critical $90,000 level as the market enters a period of high compression. With ETF inflows slowing down, the price lacks the momentum to break through overhead resistance. The highly anticipated FOMC meeting is expected to provide the necessary catalyst to end the current consolidation and dictate…
Bitcoin Price Shows Fresh Strength—Could This Spark a Rapid Rally?
Bitcoin price started a decent increase above $92,000. BTC is now consolidating gains and might aim for another increase if it clears $93,400. Bitcoin started a downside correction from the $94,500 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at…
Expert Declares Bitcoin Has Reached Midpoint Of Bear Cycle: What Lies Ahead?
During what many anticipated would be the year of a major Bitcoin (BTC) bull run, market expert Axel Adler has revealed that the leading cryptocurrency finds itself at the midpoint of a bear cycle. A Mild Bear Cycle Compared To History As of now, Bitcoin has recorded a modest year-to-date decline of 4%. However, the…
Bitcoin Price Stumbles at $92K: Are Bears Gaining the Upper Hand?
Bitcoin price struggled to stay above $92,000. BTC is now consolidating gains and might dip again if there is a clear move below $89,500. Bitcoin started a downside correction from the $92,500 zone. The price is trading below $91,000 and the 100 hourly Simple moving average. There is a contracting triangle forming with support at…
Bitcoin Losses Surge To 3x Profits — Could Relief Be Near?
The Bitcoin market appears to be riddled with an increasing amount of sell-side pressure, as its recent price action reveals bears’ dominance. Interestingly, another on-chain evaluation suggests that the current market movement may be a direct effect of rising panic-induced sales. $1.7B Realized Losses Vs $605M Realized Gains In a Quicktake post on the CryptoQuant…
Bitcoin Market Profitability Hits ‘Complete Reset’ — What’s Next For Price?
Following a fresh wave of bearish pressure on Friday, December 5, the price of Bitcoin has struggled beneath the psychological 90,000 level for much of the weekend. However, the latest on-chain data suggests that the premier cryptocurrency might be readying for its next healthy upward move. BTC SOPR Drops To Lowest Level Since Early 2024…
Bitcoin Aims Higher as Bulls Regain Strength and Push for Resistance Break
Bitcoin price started a fresh increase above $90,500. BTC is now consolidating gains and might attempt an upside break above $91,650. Bitcoin started a fresh increase above the $90,500 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance…
Bitcoin Price Falls Below $90,000 — Is The Recovery Over?
The Bitcoin price has had a mixed performance over the past week, with both sides of the market divide struggling to establish dominance. In the latest battle between the bulls and bears, the premier cryptocurrency appears to be succumbing to pressure from the latter group. As this weekend approached, the Bitcoin price retreated from its…
Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why
In a not-so-surprising turn of events, the bearish orientation of the Bitcoin price has continued into the month of December, suggesting that the premier cryptocurrency could end the year in the red. Interestingly, recent on-chain data has offered insights into the likely direction of Bitcoin based on the integrity of an important price level. Active…