Bitcoin Dominance To Peak At 68% – Altcoin Season Incoming?
Amidst the ongoing consolidation in the crypto market, an analyst with X pseudonym cryptododo7 has observed certain developments with the Bitcoin dominance that could spell significant implications. Bitcoin Dominance Climbs Higher As Altcoins Prepare For Takeoff In a recent X post on March 21, cryptododo7 shared a technical analysis on the Bitcoin Dominance chart hinting…
Bitcoin’s Bullish Pattern Returns – Is A Massive Uptrend Imminent?
Most of the last trading week presented another stale price action in the Bitcoin (BTC) market undergoing a sustained consolidation. While the premier cryptocurrency recorded a price breakout on March 20 to reclaim the $87,000 price zone, selling pressure soon forced a return to below $84,700, resuming a sideways movement. Meanwhile, Bitcoin’s price action over…
Global M2 Vs. Bitcoin Shows Bullishness As Analyst Sets ‘Blast Off’ Date, Here’s When
A recent analysis comparing Bitcoin’s price movement and the Global M2 money supply has added another data point to the growing argument for a bullish phase ahead for the cryptocurrency. Colin, a crypto analyst known on social media platform X as “The M2 Guy,” recently shared an update suggesting that Bitcoin may be on the…
Bitcoin Open Interest Falls To $37 Billion—Does This Spell Trouble For BTC?
Open interest in Bitcoin trading is a crucial metric to assess the market’s current sentiment on the digital asset, including potential price movements. In theory, an increase in Bitcoin’s open interest suggests liquidity, which can also support an ongoing price trend. According to the latest Glassnode data, Bitcoin’s OI has dipped from $57 billion to…
CMT-Certified Expert Explains Why Bitcoin May Not Reach Past Extremes On Indicators
A crypto market technician is debating whether Bitcoin has reached its peak this bull cycle, as Relative Strength Index (RSI) which failed to reach past extremes, raising concerns about Bitcoin’s future trajectory. Bitcoin Indicators Fall Short Of Historical Peaks Bitcoin has historically exhibited strong indicator readings during major cycle tops, reflecting extreme market engagement and…
This Bitcoin Correction Is Different From March 2024—Here’s Why
An analyst has explained how this Bitcoin correction phase may be different from the 2024 one, based on the data of this on-chain metric. Stablecoin Supply Is Displaying A Different Pattern In This Bitcoin Downturn In a CryptoQuant Quicktake Stablecoins” are cryptocurrencies that track the price of a fiat currency, with USD being by far…
Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains
In an X post published yesterday, seasoned crypto analyst Ali Martinez highlighted that, based on price band analysis, Bitcoin (BTC) could surge to $112,000 if it breaks and holds above a key level. Analyst Outlines Key Bitcoin Level Following a slight uptick after the US Federal Reserve’s (Fed) announcement to slow the pace of its…
1 Million Bitcoin In New Whale Hands—A Mega BTC Rally On The Horizon?
The latest wave of wealthy Bitcoin investors are enamored with the cryptocurrency. Since late November, they have been amassing more than a million Bitcoins between them. They took another 200,000 coins just last month. According to research from CryptoQuant, these are not your normal long-term investors. The majority of these “new whales”—who each have at…
Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says
According to a recent X post by crypto entrepreneur Arthur Hayes, Bitcoin (BTC) probably hit its bottom during the plunge to $77,000 on March 10. However, Hayes cautioned that while BTC may have bottomed, stock markets could face more pain ahead. BTC Bottomed At $77,000? Hayes Thinks So Former BitMEX CEO Arthur Hayes recently took…
Top 6 Important Fed Decisions To Know After SEC Drops Ripple Lawsuit Appeal
The crypto industry received a significant legal victory as Ripple CEO Brad Garlinghouse announced on March 19 that the U.S. Securities and Exchange Commission (SEC) had officially dropped its appeal against the company. The announcement came in a video posted on social media platform X, where Garlinghouse noted the regulatory agency’s decision to end its…