Shifting Sentiment? Short-Term Bitcoin Holders Stay Put Despite Losses
According to a recent CryptoQuant Quicktake post, short-term Bitcoin (BTC) holders are choosing to retain their digital assets despite incurring unrealized losses. CryptoQuant contributor Onchained explained that short-term BTC holders have recorded significantly lower realized losses compared to their unrealized losses. Short-Term Bitcoin Holders Expecting A Price Rally? The first quarter of 2025 has been…
Bitcoin Price Bounces Back—Can It Finally Break Resistance?
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…
Warning Signs Emerge: Analysts Say Bitcoin’s Recent Rise May Have Been a Mirage
After showing signs of recovery last week, Bitcoin appears to have lost its upward momentum once again. The cryptocurrency was closing in on the $90,000 psychological level but has since reversed direction, falling by 6.4% over the past week to hover around $82,000 at the time of writing. This decline has placed renewed attention on…
Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?
Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone. Bitcoin started a fresh decline below the $83,200 support zone. The price is trading below $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support…
Bitcoin Whales Accumulate as Short-Term Holders Capitulate—What This Mean for BTC
Bitcoin has continued to show weakness in price movement, with limited upside momentum over the past several weeks. The cryptocurrency has declined by 22.3% in the last month alone, bringing its price down to $83,191 at the time of writing. The drop reflects ongoing uncertainty in the broader crypto market, as investors are struggling with…
Saylor’s Strategy Adds $1.9 Billion Worth Of Bitcoin To Growing Portfolio
Michael Saylor’s firm, Strategy (previously known as MicroStrategy), announced a new Bitcoin (BTC) buy on Monday, March 31st of a significant $1.9 billion in BTC. This comes despite the market’s leading cryptocurrency’s recent challenges, having plummeted 25% from its all-time high in January of this year. Interestingly, this latest acquisition marks the largest in terms…
Bitcoin Bears Tighten Grip—Where’s the Next Support?
Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone. Bitcoin started a fresh decline below the $83,500 support zone. The price is trading below $83,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…
Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000
Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken. Particularly, on-chain analytics from Glassnode point to a thinning of support at the…
Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time
Crypto analyst Rekt Capital recently discussed the Bitcoin price action and provided insights into the flagship crypto’s future trajectory. Specifically, he alluded to BTC’s RSI, which is showing a similar pattern to last year, just before the rally to new highs. Bitcoin’s RSI Targeting Daily Retest That Triggered 2024 Price Rally In an daily RSI…
Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch
The Bitcoin price put in one of its strongest performances in recent times over the past week, rallying to above the $88,000 level early on. However, the premier cryptocurrency experienced a steep correction on Friday, March 28, following the latest February core inflation data. With the price of BTC now hovering beneath $84,000, panic seems…