Bitcoin Could Drop To $97,500 If This Key On-Chain Level Fails, Glassnode Warns
On-chain analytics firm Glassnode has explained how Bitcoin losing $108,500 could lead to a deeper correction, if the past pattern is to go by. Bitcoin Is At Risk Of Losing The 0.85 Quantile Level In its latest weekly report, analytics firm Glassnode has talked about how Bitcoin is currently looking from the perspective of the…
Standard Chartered Predicts Bitcoin Drop Below $100K Even as Global M2 Growth Turns Bullish
Global macro signals are flashing both warning and opportunity for Bitcoin (BTC). On one hand, major bank Standard Chartered PLC has flagged the potential for Bitcoin to dip below $100,000 in the near term. On the other hand, significant growth in global M2 money supply strengthens the backdrop for a longer-term upside. Short-Term Correction Predicted as Trade…
Bitcoin Holds Steady As Gold Shed Trillions In Value — What This Means
In one of the most striking moments of this cycle, gold has lost trillions in market capitalization, a drawdown larger than the entire value of Bitcoin itself. The metal that once symbolized stability is now showing cracks, while BTC, the asset branded as volatile, has remained remarkably resilient. What It Means For Bitcoin Next Market…
Altcoin Season: Here’s What Happens If The Bitcoin Price Sees A Parabolic Move To $200,000
As the Bitcoin price continues to altcoin season. Experts are now targeting a potential rise toward $200,000, identifying this new all-time high level as Bitcoin’s potential cycle top while suggesting that the cryptocurrency has yet to establish a definitive bottom. Bitcoin Price Explosion To Ignite Biggest Altcoin Season Ever According to digital asset analyst CrediBULL…
Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets
As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish signs are starting to emerge. Notably, stablecoin reserves on leading crypto exchanges like Binance are entering all-time high (ATH) territory, hinting at a potential rally for BTC. Stablecoin Reserves Rise – Will Bitcoin Benefit? According…
Bitcoin Cycle Top Still Not In, Suggests NVT Golden Cross
On-chain data shows the Bitcoin NVT Golden Cross has still not breached into the territory that marked the tops of previous cycles. 30-Day EMA Of Bitcoin NVT Golden Cross Is Still Below Overheated Zone As pointed out by an analyst in a CryptoQuant Quicktake Network Value to Transactions (NVT) Ratio is an on-chain indicator that…
Bitcoin Price Slides Lower — Bears Tighten Grip Amid Weak Market Sentiment
Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could rise further if there is a clear move above the $109,500 barrier. Bitcoin started a fresh recovery wave above the $108,000 resistance level. The price is trading below $109,000 and the 100 hourly Simple moving average. There is a short-term declining channel forming…
Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead
The broader crypto market is currently navigating a phase of uncertainty, with concerns mounting over the possibility of a new bear market. A recent analysis by Barchart analyst Rob Isbitts highlights three significant signals suggesting that a deeper retreat in crypto prices may be on the horizon. Emerging Correlations Among Crypto Prices The report points…
Bitcoin At A Battleground — This Price Range Will Decide the Next Cycle Phase
The concept of a price battleground in Bitcoin markets refers to a critical price range where the forces of buying and selling pressure are in a fierce and decisive contest. This is where the outcome is expected to determine BTC’s overall direction and confirm a continuation of a bull market or bear market correction. Why…
Analyst Says 55% Chance Bitcoin Bull Run Isn’t Over Yet – Here’s Why
While Bitcoin (BTC) has declined more than 13% from its fresh all-time high (ATH) of $126,199 recorded earlier this month on October 6, CryptoQuant contributor PelinayPA is confident that there is a 55% chance that the BTC top for this market cycle is not in yet. Bitcoin Top Not In Yet – More Upside Ahead?…