Are the Bulls Still in Control? Bitcoin Faces Pressure After Massive Long Position Wipeout
Bitcoin continues to show signs of price consolidation, with its value hovering just below the $87,000 mark. As of today, BTC is trading at approximately $86,990, reflecting a 0.8% decline over the past 24 hours. Despite the slight dip, the broader picture shows that Bitcoin has stabilized above $85,000 for several consecutive sessions, signaling a…
Bitcoin Price Stalls at $88K—Can Bulls Overcome Key Resistance?
Bitcoin price remained supported above the $86,000 zone. BTC is now consolidating and might aim for a move above the $88,000 resistance zone. Bitcoin started a fresh recovery wave above the $86,800 zone. The price is trading below $87,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…
Crypto Market Cap Evolution Shows Diverging Trends Among Top Digital Asset
The crypto market continues to evolve as shifts in market capitalization among major digital assets reflect both investor sentiment and fundamental developments. A recent analysis from CryptoQuant provides a closer look at how top crypto have performed in terms of market cap and drawdowns over the past several months. BNB, XRP, and Ethereum Show Diverging…
Bitcoin Price Finds Support—But Can It Power Through $90K?
Bitcoin price remained supported above the $85,500 zone. BTC is now rising and might aim for a move above the $88,000 resistance zone. Bitcoin started a fresh recovery wave above the $87,000 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…
Bitcoin Whales Make Big Moves As Bullish Momentum Resurfaces
On-chain data suggests that Bitcoin (BTC) whales – cryptocurrency wallets holding significant BTC amounts – have resumed accumulation after a brief period of dormancy. Bitcoin Accumulation Rises Among Whales In an X post published today, seasoned crypto analyst Ali Martinez highlighted a notable increase in BTC whale activity. He shared the following chart showing that…
Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033
Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply. Strategy Stock (MSTR) Receives ‘Outperform’ Rating Led by analyst Gautam…
Bitcoin Ongoing Recovery: a Bull Trap or Breakout? Market Index Reveals Crucial Clues
Bitcoin has maintained its upward trajectory so far this week, with the asset reclaiming and holding above the $85,000 mark. This performance reflects a weekly gain of approximately 4.7%, indicating a possible shift in momentum after weeks of sideways and bearish activity. While short-term gains have been recorded, signs that might determine Bitcoin’s next major…
Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead
After hitting a low of nearly $76,000 on March 10, Bitcoin (BTC) has finally broken its daily Relative Strength Index (RSI) downtrend, now trading in the high $80,000s at the time of writing. However, crypto analyst Ali Martinez warns that strong resistance may lie ahead. Bitcoin Finally Breaks Daily RSI Downtrend In a recent X…
Bitcoin Price Next Move Hinges on Support—Break or Bounce?
Bitcoin price started a steady increase above the $86,500 zone. BTC is now correcting gains and might find bids near the $87,000. Bitcoin started a decent recovery wave above the $87,000 zone. The price is trading above $86,800 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support…
Bitcoin Pushes Past $88K Amid Rising Volatility and On-Chain Resistance Zones
Bitcoin has maintained its upward momentum since the week started, signaling renewed interest and optimism in the market. The asset reclaimed the $88,000 price level on Monday and continues to trade above this zone, marking a nearly 10% rise in value over the past seven days. The steady price recovery comes after weeks of retracement,…