Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000
Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8.9% in seven days from $73,464 on October 29 to $66,895 on November 4, as many short-term traders exited their positions. At the same time, a few long-term holders also offloaded their Bitcoins, likely to lock in…
Bitcoin Price Decline Worsens: Could It Be Setting Up for Major Reversal?
Bitcoin price is struggling below the $69,500 zone. BTC is showing signs of weakness and upsides might be capped near the $69,200 level. Bitcoin started a fresh decline from the $70,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There is a new connecting bearish trend line forming with…
Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival
Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process. As such, miners often turn to credit facilities to…
Spot ETFs Fail To Ignite Bitcoin Growth – Analyst
The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to data from SoSoValue, these ETFs have attracted over $5 billion in investments over the past three weeks coinciding with an impressive Bitcoin price rally of over 23%. However, amidst this euphoria, macro investment researcher Jim Bianco…
Bitcoin Price Eyes $70K Comeback: Will Bulls Push It Higher?
Bitcoin price is correcting losses from the $67,500 zone. BTC is recovering and might soon aim for a move above the $70,000 resistance zone. Bitcoin started a fresh decline from the $72,500 zone. The price is trading below $70,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend…
Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December
The Bitcoin price action was marked by ups and downs in the just concluded week, serving as a reminder of the volatile nature of the digital asset. According to price data, Bitcoin has just completed a retest of the downward sloping trendline that has limited its price rallies since March. As analyst EGRAG CRYPTO pointed…
Bitcoin May Slide To $65,000 As Critical Support Level Fails – Details
The price of Bitcoin has experienced some instability in the last few hours declining by almost 3%. This negative price action drives more attention to the largest digital asset, especially with the US election fast approaching. While many analysts are now skeptical of Bitcoin’s immediate movements, pro-trader Justin Bennett already issued a cautionary insight into…
Will Bitcoin Hit $176K? Anthony Scaramucci Lays Out His High-Stakes Forecast
A top executive of a New York-based global investment firm made an audacious claim that Bitcoin breaching the six-figure price will happen very soon. SkyBridge Capital founder Anthony Scaramucci said that in the next two years, BTC will be traded at $176,000, joining other crypto investors who believed that the oldest cryptocurrency is ripe for…
Bitcoin Flashes Buy Signal After Price Closed 2nd Green Month Candle In A Row
The Bitcoin price enjoyed its second consecutive green candle in October after closing the month with a 10% price gain. Crypto analyst TradingShot revealed why this development was a positive going forward and is a good buy signal for those looking to invest in the flagship crypto. Bitcoin Triggers Buy Signal After Price Hit Second…
Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000
November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on November 1 to essentially wipe out $296…