Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible?
According to a TradingView crypto analyst named ‘TradingShot,’ the Bitcoin price has formed a Double Bottom pattern and is on track to reach a new All-Time High (ATH) of $112,000. This potential shift in trajectory comes after the cryptocurrency experienced a severe price crash that briefly pushed it below the $100,000 mark. Bitcoin Price Finds…
Bitcoin Price Displays Bullish Signs: A Recovery In The Making?
Bitcoin price started a fresh upward move above $102,000. BTC is rising and might gain pace for a move above the $105,000 resistance zone. Bitcoin started a decent upward move above the $102,000 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There was a break above a key bearish…
Bitcoin’s Next Move: A Final Leg Up or Just the Beginning? Analyst Weighs In
Bitcoin is showing signs of a gradual recovery following its earlier pullback. After dipping below the $100,000 mark, the cryptocurrency has regained ground, currently trading above $102,000. This represents a 6.3% increase over the past two weeks. Amid this upward trajectory, a CryptoQuant analyst has assessed the patterns of Bitcoin’s realized capitalization and UTXO age…
Bitcoin MPI Crossover Could Suggest Bull Run Still On
On-chain data shows the Bitcoin Miners’ Position Index (MPI) has recently formed a crossover that has historically been bullish for the asset’s price. Bitcoin MPI Has Seen Its 90-Day MA Cross Above The 365-Day As explained by an analyst in a CryptoQuant Quicktake MPI” refers to an on-chain metric that keeps track of the ratio…
Bitcoin Price Faces Tough Resistance: A Breakout In The Cards?
Bitcoin price started a fresh upward move above $100,000. BTC is facing resistance at $103,000 and might aim for an upside break. Bitcoin started a decent upward move above the $100,000 zone. The price is trading below $103,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’
Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key $100,000 price level. Bitcoin Holding Strong Despite…
Bitcoin Price Reclaims $101,000: Key Levels to Watch Moving Forward
Bitcoin has seen a modest recovery after dipping below the $100,000 mark earlier today. At the time of writing, BTC is trading just above $101,000, following a 3.7% decline in the last 24 hours. This recent movement appears to have not only instilled hope in investors but has also caught the attention of analysts now…
DeepSeek’s AI Breakthrough Triggers Fears In Tech Sector, Impacting Bitcoin Prices
As January draws to a close, the cryptocurrency market has experienced a significant downturn, with Bitcoin (BTC) and other digital assets suffering losses attributed to a broader sell-off in the technology sector. Bitcoin’s price fell 3% to $101,400, with earlier lows reaching $97,750. The CoinDesk 20 index, which tracks a weighted average of various cryptocurrencies,…
Bitcoin Price Bounce Back Might Be Short-Lived: Here’s Why
Bitcoin price extended losses and tested the $97,650 zone. BTC is now correcting losses and might face hurdles near the $103,000 level. Bitcoin started a downside correction below the $103,000 zone. The price is trading below $103,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at…
Countdown To 500,000: MicroStrategy’s Aggressive Bitcoin Strategy Continues With $1 Billion Purchase
MicroStrategy, the enterprise software company based in Tysons Corner, Virginia, has made headlines once again on Monday by purchasing Bitcoin (BTC) for the twelfth consecutive week. This latest acquisition saw the company spend approximately $1.1 billion on the market’s leading cryptocurrency from January 21 to January 26, as disclosed in a recent filing with the…