Bitcoin Price Keeps $80K Support, Can Bulls Extend Rally Soon?
Bitcoin price started a fresh increase and cleared the $80,800 zone. BTC is consolidating and might aim for more gains above the $81,500 level. Bitcoin managed to stay above $80,000 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bullish trend line forming…
Bitcoin Watch: A Daily Close Above This Key Level Could Push BTC Toward $94,000
Bitcoin (BTC) has staged a notable 21% recovery over the thirty-day timeframe, pushing the largest cryptocurrency in the market above the $81,000 level for the first time since January. Now, BTC is approaching one key resistance, which—if surpassed with a daily close—could open the door to another leg higher. Bitcoin Targets $89,000 And $94,000 Technical…
Bitcoin Breaks $80,000, But On-Chain Activity Signals A Silent Warning
Bitcoin has seen a rally toward the $81,000 level, but on-chain data shows the surge has failed to attract investor attention, with network activity remaining low. Bitcoin On-Chain Activity Has Dropped To 2-Year Lows According to data from on-chain analytics firm Daily Active Addresses and Network Growth. First, the Daily Active Addresses measures the total…
Bitcoin Price Holds Firm Near Highs, More Gains Could Follow
Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is consolidating and might aim for more gains above the $81,200 level. Bitcoin managed to stay above $78,500 and started a fresh increase. The price is trading above $78,800 and the 100 hourly simple moving average. There is a bullish trend line forming…
Crypto Shorts Suffer $300M Flush As Bitcoin Hits $80,000
Bearish cryptocurrency bets have seen a liquidation squeeze during the past day as Bitcoin and other assets have gone through a price surge. Bitcoin Crosses $80,000 For First Time In Months Bitcoin has enjoyed a surge over the past day that took its price to a peak of $80,500, the highest that the cryptocurrency has…
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 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 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…