Bitcoin Price Reaches Critical Resistance: Can the Rally Push On?
Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend…
Over $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows
In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. This sudden price jump has sent shockwaves through the crypto market, with data from Coinglass revealing a significant wave of liquidations following the unexpected rally. Short sellers, who…
Bitcoin Price Restarts Its Climb: Is The Rally Back On?
Bitcoin price started a fresh increase above the $62,000 resistance zone. BTC is now consolidating and might aim for more upsides above $63,000. Bitcoin is struggling to start a fresh increase above the $63,200 zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a short-term declining channel forming…
Bitcoin Price Holds Above $63,000 — Here’s The Next Critical Resistance Level
The Bitcoin price has been relatively quiet in October, but things seem to be looking up after the premier cryptocurrency broke the $63,000 mark on Saturday, October 12. However, the crypto has to scale a major resistance level if the current bull run is to get back on track. $64,000 The Resistance Level To Watch:…
Bitcoin Price Hits $63,000 – Is The Market Set For Takeoff?
According to data from CoinMarketCap, Bitcoin (BTC) gained by 4.08% in the last 24 hours as it briefly traded above the $63,000 price mark. Notably, this price rise comes following a decline that saw the market leader trade below $59,000 on Thursday. While the market sentiment is currently bullish, certain conditions are needed to procure…
Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction
A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months. What’s Next For Bitcoin In October? In a September 23 post on X, crypto analyst Ali Martinez put forward an interesting prognosis on the current price action of Bitcoin and…
Bitcoin Price Braces For Volatility Ahead Of Chinese Stimulus Speculations, Options Expiry
Bitcoin (BTC) may experience increased volatility in the coming days, driven by speculation surrounding another Chinese fiscal stimulus announcement and the expiration of BTC options worth $1.1 billion. Chinese Stimulus Measures To Help Bitcoin? According to the State Council Information Office, China’s Finance Minister, Lan Fo’an, is expected to provide details on upcoming fiscal stimulus…
Bitcoin Reclaims $62k: Analysts Explain Why The Bull Cycle Is Far From Over
The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key…
Bitcoin’s Next Move? Veteran Trader Predicts Possible 75% Crash—Here’s Why
Peter Brandt, a well-known veteran in the trading community, recently took to X to share a concerning outlook on Bitcoin price trajectory. Brandt’s warning comes amid a relatively stagnant performance by the leading crypto, failing to produce any decisive moves toward new all-time highs in recent months. Brand pointed out a historical pattern that could…
Bitcoin Price Crash: $1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming?
Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been…