Bitcoin is trading at a critical level after a quiet weekend, with bulls managing to defend key supports but struggling to generate fresh upside momentum. The market remains tense as investors await the US Federal Reserve’s interest rate decision scheduled for this Wednesday. A potential 25-basis-point cut is widely anticipated, which many see as a…
Tag: BTCUSDT
Bitcoin Flips Key Support, Bulls Now Target $117,000
Bitcoin (BTC) has reached a critical turning point, successfully flipping a key horizontal rally but also set the stage for a potential run toward new highs. Daily Support Flip Confirms Bullish Control Alpha Crypto Signal, in a recent market momentum. With buyers firmly in control, Bitcoin’s price action is now being driven higher toward the…
Analyst Says Bitcoin Is A Strong Buy If It Overcomes $118K — Here’s Why
The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency’s potential to resume its bull run and reach a new all-time high price. A crypto expert on social media platform…
Bitcoin Breaks Above Mid-Term Holder Breakeven – Is A Fresh Rally Brewing?
Bitcoin (BTC) has surged from around $108,000 on September 1 to above $115,000 at the time of writing – recording a gain of roughly 4% over the past two weeks. However, fresh on-chain data suggests that Bitcoin may be on the cusp of a fresh rally that could propel it to new all-time highs (ATH).…
Elliott Management Warns Of ‘Inevitable Crypto Collapse’ Linked To White House Support
Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it may be on the brink of an “inevitable collapse.” In a recent investor letter reported by Fortune, the firm attributed the inflation of this so-called “crypto bubble” to the perceived endorsement from the White House,…
Dormant Bitcoin Waking Up: Over 600K BTC Moved Onchain In Weeks
Bitcoin is trading at a critical level after several days of tight consolidation between $115,000 and $110,000. The price action reflects a tense standoff, with bulls working to regain ground while mounting selling pressure keeps gains in check. Despite the cautious mood, momentum appears to be leaning bullish, as buyers continue to defend key support…
Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate
After retesting the range lows, Bitcoin (BTC) has closed the week above a key area, momentarily preventing a breakdown to lower levels. Some market watchers suggested that reclaiming the local range highs this week will set the stage for another leg up, but an analyst warned of potential volatility in the coming days. Bitcoin Holds…
Here’s How High The Bitcoin Price Will Go If It Repeats The 2017 Cycle
The Bitcoin price will run higher from here. Bitcoin Price Mirroring 2021 Cycle Moves Crypto analyst Merlijn The Trader took to X (formerly Twitter) to Bitcoin price trend and what was recorded back in 2017. Putting both charts side by side, the crypto analyst pointed out the ways in which the two cycles have performed…
Bitcoin Futures Pressure Score Hits 18%: Shorts Are Losing Momentum
Bitcoin is once again at a decisive moment after several days of tight consolidation around the $110K level. Bulls are making an effort to defend this critical support, while also eyeing the $113K resistance as the next key barrier. A breakout above it could provide the momentum needed for BTC to retest higher supply zones…
This Week In Crypto: What Investors Need To Know And Why It Matters
This week is shaping up to be critical for the broader crypto market, marked by a prevailing sense of caution as prices consolidate ahead of their next direction. According to market analysis firm Bull Theory, the forthcoming Federal Open Market Committee (FOMC) meeting is on the horizon, and its outcome will largely hinge on the…