Bearish Case For Bitcoin: Analyst Warns Falling Wedge Is A Whale Trap That Could Drag Price To $67k
Bitcoin has spent the past seven days trying to hold near $85,000, with a trading range between $83,200 and $86,000. Buying momentum has turned positive in the past 24 hours, but an interesting technical analysis of the current price action points to a looming downside risk. Crypto analyst Xanrox laid out a bearish case for…
Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market
The Bitcoin market has shown high volatility in April, having produced similar levels of gains and losses over the past three weeks. Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains. Bitcoin Whales Add 53,600 BTC, Now Hold 68% Of Supply In an X…
Bitcoin Price Breakout In Progress—Momentum Builds Above Resistance
Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price is trading above $85,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line…
What’s Next For Bitcoin After Crossing $87,000? Expert Discusses Possible Outcomes
This Sunday, the market’s leading cryptocurrency, Bitcoin (BTC), has once again crossed the $87,000 mark, following what analysts describe as a healthy correction that brought prices down to $74,000 earlier this month. In a recent post on social media platform X (formerly Twitter), crypto analyst Doctor Profit provided a comprehensive analysis of the current price…
Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins
The Bitcoin dominance in the cryptocurrency market is inching dangerously close to a long-term resistance level that has triggered major reversals in the past. This resistance level is highlighted on the weekly BTC.D candlestick timeframe chart. Each time the dominance taps this descending trendline, it struggles to break through and eventually tumbles. Notably, Bitcoin’s dominance…
Bitcoin Outshines Gold By Over 13,000% — ‘Let The Numbers Speak’, Expert Says
Bitcoin has risen dramatically over the last 10 years against gold, with a rise of an incredible 13,693%, according to the financial statistics shared by crypto entrepreneur Ted. The figures demonstrate the alarming divergence between the two assets from April 2015 and April 2025. In particular, this striking ascent of Bitcoin has caught the eye…
Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up?
Large investors are buying Bitcoin at record levels, which may be the precursor to a price explosion. Recent statistics indicate that these large holders, or “whales,” are acquiring around three times the amount of daily Bitcoin produced by miners as the cryptocurrency sits at key price levels. Whales Purchase At Record Levels While Exchanges Witness…
Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even
Bitcoin prices gained by only 0.95% in the past week amidst an intense market consolidation. The premier cryptocurrency is struggling to break out of the $85,000-$86,000 price range following an impressive price rally in the second week of April. However, popular crypto analyst Ali Martinez has identified the major price resistance for the current Bitcoin…
Bitcoin Faces Triple Resistance As Price Rejection Persists
Over the past trading week, Bitcoin (BTC) failed to make any significant price breakout, experiencing rejections at the $86,000 price region. While the market suffered no major price pullback, the high level of sideways price movement indicates a strong investor uncertainty. Interestingly, popular market analyst with X username Daan Crypto has provided an insightful technical…
‘Bitcoin Is Calling’ – Saylor Stirs The Market With Cryptic Clue
Strategy chairman Michael Saylor, a vocal promoter of Bitcoin, stoked renewed chatter among crypto circles with his recent enigmatic tweet. Thursday’s message stating merely “Bitcoin is Calling” left many asking if a forthcoming significant purchase looms. Strategy’s Shopping Spree On Bitcoin Goes Unabated In The Face Of Market Uncertainty The company recently acquired 3,450 Bitcoin…