Bitcoin’s weekly chart shows promising signs of strength as the RSI continues to climb, hinting at the potential for further upside. However, the battle isn’t over yet. With price hovering near the critical $107,000 support, bulls must defend this level to prevent deeper downside pressure. RSI And Price Alignment: A Textbook Case Of Momentum Confirmation…
Tag: BTCUSDT
Analyst Says 55% Chance Bitcoin Bull Run Isn’t Over Yet – Here’s Why
While Bitcoin (BTC) has declined more than 13% from its fresh all-time high (ATH) of $126,199 recorded earlier this month on October 6, CryptoQuant contributor PelinayPA is confident that there is a 55% chance that the BTC top for this market cycle is not in yet. Bitcoin Top Not In Yet – More Upside Ahead?…
Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000
Following a significant rally, the valuation of gold has begun to decline. Meanwhile, Bitcoin (BTC) appears to be experiencing a slight capital rotation towards it, as evidenced by Tuesday’s price performance, which led to a recovery of the $112,000 mark. In this context, asset manager Bitwise has released a new report that outlines promising price…
Bitcoin Newbie Whales Now Sitting On $6.9 Billion In Losses, Most Since 2023
On-chain data shows the recent bearish Bitcoin price action has put the network’s short-term holder whales into a significant unrealized loss. New Bitcoin Whales Have Dived Underwater In a new short-term holders” (STHs) broadly refer to the BTC investors who purchased their coins within the past 155 days. The STH whales (or “new whales”) are…
Bear Market Alert: Top Expert Claims Bitcoin Price Fate Hangs On $101,700 Support Level
The Bitcoin price showed some signs of recovery at the start of the week, trading above the $110,000 mark. This uptick follows two consecutive Fridays of major drops, igniting fears and uncertainty among investors. These concerns have been compounded by predictions from experts about a potential bear market on the horizon. Looming Bear Market Threat…
Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution
Bitcoin (BTC) started the week recovering 6% from Friday’s drop and attempting to reclaim a crucial area that could set the stage for a trend continuation. However, some analysts have advised caution as BTC’s next leg up could be delayed until December. Bitcoin To Move Sideways Until December? After the end-of-week market downturn, Bitcoin has…
Bitcoin Price 60% Crash To $50,000 Coming? Why All Roads Point To A Decline
Crypto analyst Captain Faibik has predicted that the Bitcoin price could crash to as low as $50,000, representing a 60% crash for the flagship crypto. The analyst explained why he has turned bearish on BTC, while declaring that the bull run is over. Why The Bitcoin Price Could Crash To $50,000 In an the Bitcoin…
Bitcoin Capitulation Intensifies As STHs Lose $750 Million Daily — Time To Buy The Dip?
The price performance of Bitcoin over the past two weeks has been a major source of concern, as the coin’s value continues to drift away (about 15% down now) from its all-time high. As the flagship cryptocurrency slows down, the latest on-chain data suggests that a group of investors is exiting the market en masse.…
Bitcoin Price Stabilizes After Drop — Early Signs Of Recovery Emerge
Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could continue to move up if it clears the $109,500 resistance zone. Bitcoin started a fresh recovery wave above the $105,000 resistance level. The price is trading above $108,000 and the 100 hourly Simple moving average. There was a break above a bearish trend…
Want To Buy ‘Cheap’ Bitcoin? Pundit Reveals Where Whales Will Be Buying
After finishing up its crash over the weekend, the Bitcoin price seems to be stabilizing as market sentiment starts to move positively once again. However, this has not done much to eliminate the bearish expectations that have erupted following the October 10 liquidation event. As opposed to the expectations that the Bitcoin price will see…