On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of…
Tag: BTCUSDT
Bitcoin Slides To $94,000 After CPI Surprise – Will The Downtrend Continue?
Bitcoin (BTC) reacted sharply to today’s hotter-than-expected US Consumer Price Index (CPI) report, dropping from around $96,600 to as low as $94,088. Notably, BTC was already trending downward due to escalating geopolitical tensions following Donald Trump’s proposed tariffs on all aluminum and steel imports. Bitcoin Slumps Amid Surprising Inflation Data The latest US inflation data…
Bitcoin Could End Up Plummeting To $80,100 If This Support Fails
On-chain data shows Bitcoin is currently retesting an important support level. Here’s where the next important line lies, should this level fail. Bitcoin Is Currently Trading Around 1-Year MVRV Mean In its latest weekly report, the on-chain analytics firm Glassnode has discussed about a Bitcoin pricing model that’s based on the Market Value to Realized…
Bitcoin Price Stuck Below $100K: Will Momentum Pick Up?
Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might extend losses if it stays below the $100,000 level. Bitcoin started a fresh decline from the $98,500 resistance zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend…
Bitcoin OTC Balances Decline, Raising Market Supply Questions
Bitcoin has experienced a challenging period recently, with its price consistently declining over the past several days. After failing to maintain its position above the six-figure mark, the leading cryptocurrency now trades below $97,000. At the time of writing, BTC trades at a price of $96,939, marking a 0.8% decline in the past day and…
Bitcoin Funding Rate Turns Neutral On Top Exchanges: What Happened Last Time
Data shows the Bitcoin futures funding rate has declined to neutral on the top three exchanges. Here’s where this could lead the asset’s price. Bitcoin Futures Market Sentiment Has Turned Neutral In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Bitcoin Funding Rate for the…
Crypto Pundit Who Correctly Called The Bitcoin Price Surge From $15,400 To $100,000 Reveals What’s Next
Crypto pundit Crypto Michael, who correctly called the Bitcoin price surge from $15,400 to $100,000, has revealed what is next for the flagship crypto. Based on his revelation, Bitcoin still has enough room in this market cycle before its price peaks. What Next For The Bitcoin Price In an X post, Crypto Michael stated that…
Bitcoin Price Gradually Slips: Can Bulls Hold Key Support?
Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might slip further unless there is a close above $98,800. Bitcoin started a fresh decline below the $98,000 level. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…
Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits – Is The Next Rally Near?
Bitcoin is trading below the $100K mark after enduring a volatile and turbulent week. The cryptocurrency faced extreme selling pressure last Sunday, dropping over 9% in less than 24 hours. Although Bitcoin managed a slight recovery on Monday, the selling pressure has persisted, leaving the market in a state of uncertainty. Key metrics shared by…
Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance
The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price. Nevertheless, the latest on-chain data…