Bitcoin Bottom Zone Now Lies Around $59,000 Based On This On-Chain Metric
After weeks of renewed optimism, many in the Bitcoin market now believe the tide could finally be turning. While the premier cryptocurrency’s price action has been steadily turning around since the start of April, the current on-chain structure suggests expectations might be overestimated. According to an on-chain analyst, BTC’s recovery process is unlikely to occur…
Bitcoin At Risk As TD Sequential Flashes Key Bearish Signal – Details
Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. TD Sequential Highlights Critical Bitcoin Support In an X post on…
Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next?
Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s…
Bitcoin At A Transitional Phase? Bull Score Index Signals Uncertain Momentum
The Bitcoin market appears to be at a critical phase, as evidenced by data from a recent on-chain evaluation. According to this latest analysis, the Bitcoin price shows few signs of a clear directional trend, with uncertainty as the prevailing structure. Bull Score Index Within Neutral Territory In an X post on May 2, pseudonymous…
Bitcoin Price Cracks $80K Resistance, Is A Bigger Surge Ahead?
Bitcoin price started a fresh increase and cleared the $80,000 zone. BTC is consolidating and might aim for more gains above the $80,500 level. Bitcoin managed to stay above $78,000 and started a fresh increase. The price is trading above $78,500 and the 100 hourly simple moving average. There is a bullish trend line forming…
Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst
A “big announcement” tied to US President Donald Trump’s Bitcoin reserve is expected within weeks, according to White House crypto advisor Patrick Witt, who made the statement at the Bitcoin Conference in Las Vegas earlier this week. Bitcoin: Market Momentum, Not Messaging The timing of that potential announcement comes as Bitcoin sits well below the…
Here’s How High The XRP Price Will Be If It Repeats The 2017 Surge
Crypto pundit Crypto Dyl has revealed how high the XRP price could reach if it replicates its historical surge in 2017. This comes amid former Ripple CTO David Schwartz’s statement in which he addresses predictions that the altcoin could rally to $10,000. Pundit Reveals XRP Price Target If It Mirrors 2017 Surge In an X…
Bitcoin Could Be One Breakout Away From A Structural Shift: Analysts
Fewer derivative traders are placing new bets on Bitcoin right now. Open interest has barely moved — up just 1.50% to $55 billion — and more futures positions closed than opened in the past 24 hours. Volume dropped 21% to $30 billion. The market is waiting. Sellers Have Had The Upper Hand For Over A…
Bitcoin Apparent Demand Remains Weak — What This Says About Price Recovery
The Bitcoin price had quite an interesting performance over the past week, cruising to a new high above the $79,000 high early on before crashing to as low as $75,500 on the last day of April. However, the premier cryptocurrency has had a somewhat bright start to May, hovering around the $78,000 level. While the…
Bitcoin Price Yet To Bottom Based On MVRV Bands — $43K Still Possible?
The Bitcoin price enjoyed a modest recovery on Friday, the start of May. Alongside its technically bullish structure, this auspicious beginning tells a story about Bitcoin’s chances of performing impressively in the coming weeks. Yet, the flagship cryptocurrency still faces a broader threat of a potential downturn. According to data from a recent on-chain evaluation,…