Bitcoin (BTC) has performed remarkably over the past week, surging 30% since the November 5 US election. The flagship crypto surpassed its March all-time high (ATH), recording a new high nearly every day for the last seven days. Bitfinex analysts noted that the market remains “relatively stable” despite increased speculative activity. Bitcoin ‘Fair Value’ Priced…
Tag: BTCUSDT
Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming
A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market. According to the analyst, fluctuations in the Coinbase premium—a key metric that tracks the price difference between Bitcoin on Coinbase and other exchanges—can offer significant insights. Retail Leverage And Premiums: A Double-Edged Sword Rising or…
Bitcoin Price Hits $80K Mark: The Crypto Bull Run Continues
Bitcoin price is up over 5% and trading above $80,000. BTC is rising and might aim for a move above the $82,000 resistance zone in the near term. Bitcoin started a fresh surge above the $78,500 zone. The price is trading above $80,000 and the 100 hourly Simple moving average. There is a connecting bullish…
Bitcoin Stock To Flow Model Reveals $500,000 Price Target
According to data from CoinMarketCap, Bitcoin (BTC) has gained by 0.66% in the past 24 hours with its market price now hovering close to $77,000. This slight price increase compounds an impressive performance in the last month during which BTC’s value has risen by 27.82%. As the crypto bull season appears to be kicking off,…
Analyst Reveals Bitcoin Key Support Levels For Reaccumulation – Details
The price of Bitcoin showed a highly positive reaction to Donald Trump’s emergence as the next US President, gaining by 9.62% in the past week according to data from CoinMarketCap. Amidst this price rally, Bitcoin established a new all-time high at $77,252 on November 8 but has since retraced by over 0.5%. Commenting on the asset’s…
Rising Bitcoin Funding Rates Signal Market Optimism—But Is A Correction Looming?
Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels. Amid this, a CryptoQuant analyst known as TraderOasis provided an in-depth analysis of Bitcoin’s market earlier today, suggesting the trajectory the asset could head to next. Analysis…
Bitcoin Could Be Ready For ‘Phase 2’ Of This Historical Bull Pattern
On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term holder supply has been reminiscent…
Bitcoin Nears ATH As Miners Hold Back On Selling—Bullish Signals Flashing
Bitcoin has managed to maintain its footing above the $75,000 price mark following a new all-time high (ATH) of $76,872 recorded yesterday. At present, the cryptocurrency is trading at $76,587, reflecting a modest 0.9% dip from its peak while still marking a 1.7% daily increase. This stability signals resilience and has fuelled speculation regarding Bitcoin’s…
Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go?
On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been enough for a top in the past. Bitcoin Profitability Index Is Currently Sitting Around 221% In a new Average Profitability Index” is an indicator for BTC that compares the asset’s spot value with its realized price. The…
Bitcoin Sentiment Enters Danger Zone: Investors Now Extremely Greedy
Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset’s surge to a new all-time high (ATH). Bitcoin Fear & Greed Index Is Now Pointing At ‘Extreme Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the…