Bitcoin is currently at a crossroads, caught between bullish hopes and bearish pressure. Bulls are struggling to reclaim the $115K level, while bears have been unable to keep BTC below $110K, leaving the market in a tense state of uncertainty. This indecision comes as volatility increases ahead of the upcoming US Federal Reserve meeting, where…
Tag: BTCUSDT
Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash
The Bitcoin price chart is now flashing a head and shoulders pattern with quite a clear plan for what could be coming next. Mix in the fact that there is an unfilled Fair Value Gap (FVG) available for the time being, with a high probability of being filled. This makes for a good idea for…
Bitcoin LTH Aging Velocity Turns Negative: Distribution Phase Unfolds
Bitcoin is once again at a pivotal level, with selling pressure dominating the market and volatility shaking investor confidence. After weeks of choppy trading, BTC is barely holding above the $110,000 mark, a threshold that many analysts view as critical for maintaining a bullish structure. Momentum has clearly shifted in recent sessions, and the market…
Bitcoin Price Holds Above $110,000—How Weak Job Data Could Fuel Next Wave
The Bitcoin price has enjoyed some level of resurgence over the past week, starting from below $108,000 to as high as $113,000. However, the premier cryptocurrency’s progress hit a stumbling block following the release of weaker-than-expected United States payrolls data on Friday, September 5. Despite the bearish pressure triggered by the US Nonfarm Payrolls (NFP)…
Bitcoin Treasury Purchases Down Amid Record Holdings – What Does This Mean?
Bitcoin (BTC) experienced a moderate price rebound last week, rallying to around $113,000 before witnessing a minor setback. The crypto market leader now trades near the $111,000 price level and stands 10.46% away from its all-time high. Meanwhile, recent data from blockchain analytics firm CryptoQuant has highlighted an intriguing trend in the accumulating activity of…
Bitcoin Holds Key Support Amid Gravestone Doji – $120,000 Hangs In Balance
In his resistance, especially as the market contends with ongoing fundamental pressures. Fundamentals Support Bitcoin Despite Weak NFP Print Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues to serve as a strong…
Old Bitcoin Supply Keeps Moving Into ETFs: Data Shows Three Waves So far
On-chain data shows the Bitcoin spot exchange-traded funds (ETFs) have seen three waves of major inflows from the veteran hands in this cycle so far. Bitcoin Coin Days Destroyed Shot Up Alongside Earlier ETF Net Inflows As explained by CryptoQuant author Maartunn in a newspot ETFs. The spot ETFs refer to investment vehicles that trade…
Bitcoin Bull Run Nears Its Climax: Cycle Peak Indicates 95% Completion
Bitcoin (BTC) has recently reached a new weekly high above the $112,000 mark, signaling a potential new uptrend for the leading cryptocurrency. This movement may represent the final phase of the current cycle for Bitcoin and the broader cryptocurrency market. Market analyst CryptoBirb has indicated that this uptrend could last for approximately 50 more days,…
Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months
Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in the direction opposite to each other. Correlation Coefficient Is Now Underwater For Bitcoin & Gold In a new Gold. The Correlation Coefficient is a tool from statistics that measures the relationship between two given variables…
Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018
On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price. Average Bitcoin Whale Is Holding Just 488 BTC Now In a new whales” as entities holding between 100 and 10,000 BTC. At the current exchange rate, the range’s…