Bitcoin Point Of Control Sits At $117K – Key Battle Zone For Bulls
Bitcoin (BTC) tumbled below the $110,000 level in a sharp move that rattled markets and triggered a wave of short-term panic selling. The sudden decline followed an initial post-Fed volatility spike, as traders reacted to the US Federal Reserve’s 25bps rate cut and announcement of an impending end to quantitative tightening. With uncertainty still lingering,…
Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis
As October comes to a close, Bitcoin (BTC) has disappointed many who had anticipated the month to be a strong one for the cryptocurrency, often referred to as “Uptober” due to its historically positive performance. Instead, Bitcoin finished the month down, creating a gap of approximately 13% from its all-time high. Historical Trends Suggest Bitcoin…
Bitcoin At Key Retest: Bounce Or $98,000 Next?
On-chain data shows Bitcoin is currently retesting a historically significant level that has often decided the course of the cryptocurrency’s price. Bitcoin Is Retesting The 0.85 Supply Quantile In a new post on X, on-chain analytics firm Glassnode has talked about how Bitcoin is retesting a level that has historically been a “make-or-break” one for…
Bitcoin, XRP, Ethereum Dip Post Fed’s Rate Cut: What’s Next For Crypto?
On Wednesday, the Federal Reserve (Fed) announced a 25-basis-point rate cut from the previous rate of 4.25%, aligning with market expectations. Despite this bullish development being highly anticipated by top experts as the best catalyst for the remainder of the year, Bitcoin (BTC), XRP, and Ethereum (ETH) led the market downturn following the announcement. Fed…
Bitcoin Extends Decline — Market Remains Under Pressure From Risk-Off Tone
Bitcoin price is correcting gains below $112,500. BTC could continue to move down if it stays below the $112,000 resistance. Bitcoin started a downside correction below the $112,000 support. The price is trading below $112,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $111,500 on the…
Bitcoin Faces Rejection — Resistance Zone Caps Upside After Recent Increase
Bitcoin price is correcting gains below $113,500. BTC could continue to move down if it stays below the $114,200 resistance. Bitcoin started a downside correction below the $114,200 support. The price is trading below $114,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $114,050…
Bitcoin Trades Sideways — Consolidation Above Support Could Fuel Next Upside
Bitcoin price is consolidating gains above $113,500. BTC could rise further if there is a clear move above the $115,750 resistance. Bitcoin started a fresh upward move above the $114,000 resistance level. The price is trading above $114,200 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at…
Nearly $360M In Crypto Shorts Squeezed As Bitcoin Recovers To $116,000
Data shows cryptocurrency short investors have suffered large liquidations during the past day as Bitcoin and altcoins have made a recovery. Bitcoin, Ethereum Have Surged In The Last 24 Hours Bitcoin and other cryptocurrencies have witnessed a rally during the past day, breaking away from the slump the market had earlier fallen into. At the…
Bitcoin Reserves On Binance Fall To July Lows — What This Means For Price
Bitcoin has performed strongly below expectations in October, with total monthly gains now estimated at around 1.54%. Following a bullish start, which established a new all-time high at $126,000, the premier cryptocurrency experienced a heavy correction mid-month, resulting in present price levels around $111,400. Amid these developments, crypto analyst Amr Taha has noted a recent…
Bitcoin Accelerates Higher As Bulls Target Break Above $115,500 Resistance
Bitcoin price is attempting to recover above $113,500. BTC could rise further if there is a clear move above the $115,500 resistance. Bitcoin started a fresh recovery wave above the $113,500 resistance level. The price is trading above $114,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…