Is Bitcoin’s Upward Cycle Back? Key Insights Into The Latest Recovery
Bitcoin (BTC) has rebounded to trade above $99,000 following its significant dip earlier this week. While the latest US Consumer Price Index (CPI) news appears to have contributed to this quick recovery, it has also drawn attention from analysts, who are closely monitoring key metrics to understand the market’s next move. A CryptoQuant contributor known…
Bitcoin Sharp Rebound Above $95K: Stop Hunting or Trend Reversal?
Bitcoin (BTC) witnessed a sharp decline below $90,000 yesterday, sparking concerns about its near-term stability. However, the cryptocurrency has since rebounded, trading back above $96,000 at the time of writing. This rapid recovery has drawn the attention of market analysts who are examining the Bitcoin’s price movements. Is Bitcoin’s Surge Above $96k A Stop Hunt?…
Bitcoin Price Faces Challenges: Will It Break Through and Rise?
Bitcoin price is attempting a recovery wave above the $93,200 zone. BTC is rising and might face resistance near the $97,500 zone. Bitcoin started a recovery wave above the $95,000 zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at…
Bitcoin Primed For A Major Rebound Following ‘Final Capitulation,’ Analyst Predicts
After surging past $90,000 for the first time on November 12, 2024, Bitcoin (BTC) has been trading within a broad range between $91,000 and $108,000. However, some analysts remain optimistic that BTC is poised to break out of this range to the upside following what they describe as a ‘final capitulation.’ Bitcoin Consolidation Nearing Its…
Ethereum’s Potential To Outshine Bitcoin: 7 Predictions For The 2025 Crypto Landscape
In a recent social media post, market expert VirtualBacon shared seven key predictions that could shape the cryptocurrency landscape in 2025. Central to these predictions is the assertion that Ethereum (ETH) may outshine Bitcoin (BTC) in terms of performance, even as Bitcoin continues to hold a dominant position in the market. Expert Predicts A New…
Analyst Says Bitcoin Fun Will Begin When This Flip Happens
An analyst has explained how a crossover between these two Bitcoin metrics would have to happen before the ‘fun’ can begin for the asset. Bitcoin Realized Price Is Yet To Flip 200-Week MA In a new Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis or acquisition…
Bitcoin Price Hints at Rebound: Early Signs of Recovery Emerge
Bitcoin price is attempting a recovery wave from the $89,200 zone. BTC is rising and might face resistance near the $95,800 zone. Bitcoin started a recovery wave from the $89,200 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with…
Bitcoin Short-Term Holders Now Capitulating: Bottom Here?
On-chain data shows the Bitcoin short-term holders have started selling at a loss. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Short-Term Holder SOPR Has Just Dipped Under 1 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Bitcoin Spent Output Profit Ratio (SOPR) of the…
Bitcoin’s $90K Level Under Review: Here’s What Analyst Suggests
Bitcoin (BTC) has continued to exhibit bearish sentiment, currently trading below $91,000. This decline has sparked debates about its future trajectory, with analysts closely examining major market metrics to understand where BTC’s price action could likely be headed next. Among these, CryptoQuant contributor Percival’s detailed insights shed light on Bitcoin’s current state, offering an in-depth…
Bitcoin Daily Close To ‘Dictate The Next Move’, Is Another Price Drop Ahead?
Bitcoin (BTC) started the week in the red, falling to its lowest level in over a month. Amid this performance, some analysts consider BTC’s price will likely see another drop before the flagship crypto aims for new highs. Bitcoin Needs Daily Close Above $91,000 On Monday, Bitcoin shook off the weekend gains, dropping 5.8% to…