Bitcoin Price Rallies Above $70K: Is a New High Within Reach?
Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line…
Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?
Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at…
Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows, Marks 3-Week Positive Streak- Details
The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion in total inflows. Meanwhile, the spot Ethereum ETFs have struggled to maintain a positive form with outflows dominating the market in the same period. Spot Bitcoin ETFs Attract $3 Billion In 11 Days Following a splendid performance…
Bitcoin Exchange Whale Ratio Hits New High Since 2022 — Impact On Price?
Based on price action data, the last two weeks in October are the most bullish period in the Bitcoin price history. However, why that hasn’t been the story for the premier cryptocurrency over the past two weeks seems to be the question on every investor’s mind. The price of BTC has failed to capitalize on…
Bitcoin Price To Go ‘Vertical’ Towards $200,000 As Crypto Analyst Points Out Massive Cup And Handle Pattern
The Bitcoin price could see its price surging dramatically to $200,000, with the formation of a new Cup and Handle pattern. While the pioneer cryptocurrency has been slowly recovering from bearish trends to reach the $70,000 mark, a rally to $200,000 would mark a historical milestone and a new All-Time-High (ATH) for BTC. Technical Pattern…
Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?
Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level. This key threshold is seen as a trigger for intensified buying pressure if…
Bitcoin Retail lnvestors Remain Cautious Despite Price Gain – Details
Following its bearish start to October, Bitcoin has since shifted momentum, rising as high as $69,000 in the last two weeks. Despite this significant price rally, Bitcoin retail investors remain hesitant to engage the market. In its weekly crypto report on Friday, blockchain analytics firm CryptoQuant shared an interesting insight into this low retail activity…
Bitcoin As National Reserve Asset: Key Insights From Forbes On Central Banks Interest
A recent report published by the Bitcoin Policy Institute (BPI) and highlighted by Forbes explores the growing discussion around Bitcoin as a viable reserve asset for central banks. Authored by Dr. Matthew Ferranti, a Harvard-trained economist and former member of the White House Council of Economic Advisers, presents several compelling arguments for why central banks…
On-Chain Indicator Signals Bitcoin Cycle Top Is Far Ahead – Data Confirms Bullish Outlook
Bitcoin currently ranges between $65,000 and $69,500 following two weeks of bullish price action, sparking renewed optimism among analysts and investors. The prevailing sentiment is that BTC is on the verge of reaching new all-time highs in the coming weeks, with confidence building that March’s cycle top predictions may have been premature. Key metrics from…
Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?
The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price…