Expert Finds Prime Bitcoin Buy Zone Below $60,000, Supported By This Vital Indicator

A new analysis released by CryptoQuant, written by contributor CryptoMe, suggests that Bitcoin (BTC) may still have room to fall this year, and that the collapse could give the ideal purchasing opportunity for long-term investors.  Bitcoin Bottom At $54,000? In a Monday report, CryptoMe highlighted the cryptocurrency’s Realized Price indicator as a key reference point…

Recent Bitcoin Rally Saw Retail Shift To Selling, Glassnode Reveals

On-chain analytics firm Glassnode has revealed how the smaller Bitcoin investor cohorts shifted toward distribution in the recent rally. Bitcoin Accumulation Trend Score Shows Selling From Small Entities In a new Accumulation Trend Score. This on-chain indicator basically tells us about whether BTC investors are accumulating or distributing right now. The metric accounts for two…

Bitcoin Price Rebounds, But Weak Momentum Caps Further Gains

Bitcoin price started a recovery wave above $67,000. BTC is now consolidating below $68,500 and might struggle to continue higher. Bitcoin started a recovery wave above $67,000 and $67,500. The price is trading above $67,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $67,350…

US Labor Department Eyes 401(k) Crypto Access, Bitcoin Considered In New Rule

The US Labor Department published a proposed regulation on Monday intended to give 401(k) participants access to alternative investments, including crypto assets such as Bitcoin (BTC).  The Employee Benefits Security Administration (EBSA) framed the rule as “historic,” saying it lays out a clear, process-driven framework that plan fiduciaries can follow when evaluating non-traditional assets for…

Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold

Institutional money has been pouring into Bitcoin at a scale that would have seemed far-fetched just a few years ago. Since the launch of Bitcoin exchange-traded funds, roughly $56 billion has flowed in from asset managers around the world — a shift that Bitmine CEO Tom Lee says is changing how serious investors think about…

Bitcoin Price Stalls Under $68,800, Resistance Caps Upside Again

Bitcoin price failed to stay above $68,800 and declined further. BTC is now consolidating below $68,000 and might continue to move down. Bitcoin started a fresh decline from well above the $70,500 zone. The price is trading below $68,800 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance…