The cryptocurrency market has been struck by another wave of red candles, plunging 4.1% in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have all suffered notable declines, with all large market-cap cryptocurrencies falling below support levels that held last week. The downturn gained momentum after claims surfaced on X suggesting that Wintermute, one of…
Tag: BTCUSDT
Are Bitcoin Investors Back In Accumulation Mode? On-Chain Data Says ‘Possibly’
After the market-wide downturn on October 10, the Bitcoin price showed no definite direction for the rest of the historically bullish month. At the moment, the premier cryptocurrency is struggling to gather any significant momentum to the upside. However, recent on-chain evaluation suggests that this period of relative silence could represent a springboard for the…
Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis
As October comes to a close, Bitcoin (BTC) has disappointed many who had anticipated the month to be a strong one for the cryptocurrency, often referred to as “Uptober” due to its historically positive performance. Instead, Bitcoin finished the month down, creating a gap of approximately 13% from its all-time high. Historical Trends Suggest Bitcoin…
Bitcoin At Key Retest: Bounce Or $98,000 Next?
On-chain data shows Bitcoin is currently retesting a historically significant level that has often decided the course of the cryptocurrency’s price. Bitcoin Is Retesting The 0.85 Supply Quantile In a new post on X, on-chain analytics firm Glassnode has talked about how Bitcoin is retesting a level that has historically been a “make-or-break” one for…
Bitcoin (BTC) November Rally At Risk? Analysts Say This Week’s Close Holds The Key
Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoin (BTC) has dropped nearly 4% in the past 24 hours, losing its local range low for the first time in a week. Some analysts have warned that this week’s close is crucial for the flagship crypto’s short-term performance. Bitcoin Price Eyes Crucial Weekly…
Bitcoin Price Path Ahead: 10 Indicators Converge For Market Surge, End-Of-2025 Projections
Despite recent interest rate cuts by the Federal Reserve on Wednesday, Bitcoin’s price reacted unexpectedly, declining when many anticipated a rise. However, market analyst Crypto Birb has identified ten indicators suggesting a potential surge may be on the horizon. Bitcoin Price Holds Above Key Moving Averages At the time of the expert’s post, BTC traded…
Bitcoin Cost Basis Map Reveals Key War Zone Between Bulls & Bears
On-chain analytics firm Glassnode has revealed a Bitcoin price range that defines the current battleground between recent buyers and profit-takers. Bitcoin Cost Basis Distribution Shows Where Resistance & Support Are Strongest In a new Cost Basis Distribution (CBD). This indicator basically tells us about the total amount of supply that last changed hands at the…
Bitcoin Poised For New Run Beyond $125,000? Nasdaq’s Record Recalls 2021 BTC Pattern
The second part of the year has seen a notable surge in the US stock market, while Bitcoin (BTC) and the broader cryptocurrency market has faced its share of uncertainty and significant corrections. With the Nasdaq recently surpassing the 26,000 mark, leading analysts are now suggesting that this milestone could be a clear indicator for…
Bitcoin Fear & Greed Index Returns To Neutral As BTC Breaks $115,000
Data shows the Bitcoin Fear & Greed Index has surged back into the neutral zone after the recovery rally in the cryptocurrency’s price. Bitcoin Fear & Greed Index Now Has A Value Of 51 The “Fear & Greed Index” refers to an indicator created by Alternative that measures the average sentiment present among traders in…
Bitcoin And Crypto Market Set To Bounce As Rate Cut Probabilities Touch 98.3%
The next Federal Open Market Committee (FOMC) meeting is fast approaching, and the bets are already pouring in as to what it would mean for the Bitcoin and crypto industry. The last FOMC meeting took place in September, when the Federal Reserve ended up cutting rates down to 4-4.25% after months of no rate cuts.…