Although Bitcoin’s (BTC) momentum has stalled over the past week due to escalating geopolitical tensions in the Middle East, the flagship cryptocurrency appears to be forming a bullish inverse head and shoulders pattern on the three-day chart – significantly increasing the likelihood of a new all-time high (ATH) in the coming months. Bitcoin Eyeing New…
Tag: BTCUSDT
Analyst Warns: Strategy On Track For Historic Collapse, Bigger Than FTX
In a bold and alarming statement, on-chain analyst OxChain raised the possibility of a catastrophic collapse involving Strategy (formerly MicroStrategy), the Bitcoin proxy firm co-founded by Michael Saylor. According to OxChain, this potential downfall could surpass the infamous collapse of FTX. ‘Strategy’s Bitcoin Tactics Resemble Ponzi Scheme’ In a recent post on X (formerly Twitter),…
Bitcoin Channel Break Below $105,000 Sparks Panic, Analysts Predict Further Crashes
Bitcoin has been crashing with the advent of the new week, spurred on by uncertainties that surround the growing conflict in the Middle East. There has also been a lot of negativity in the crypto market, with expectations that the Bitcoin price will not make new all-time highs after failing to reclaim $111,000. Even as…
Bitcoin Setting Up For ‘Large Move’ Amid $103,000 Retest – Key Levels To Watch
Amid the tension in the Iran-Israel conflict, the cryptocurrency market experienced another daily pullback. Bitcoin (BTC), which had just recovered from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the $103,000 mark in the past 24 hours. However, some analysts believe that the flagship crypto is preparing for a big move…
Bitcoin Holds Below $110K as IBCI Suggests Market in Transition Phase
Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000…
Bitcoin NVT Enters Reversal Zone: BTC Dangerously Overvalued?
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has surged into a zone that has historically signaled overpriced conditions for the asset. Bitcoin NVT Golden Cross Has Crossed Above 2.2 In a new NVT Golden Cross of Bitcoin. The NVT Golden Cross is an indicator based on another metric known as…
Crypto’s Unlikely Ally: Top Analyst Reveals War As A Surprising Bullish Force
Crypto analyst Cyclop has made a potentially significant statement, claiming that the ongoing crisis between Israel and Iran may inadvertently boost the performance of digital assets. Despite recent volatility, which saw a sell-off of approximately $140 billion in the crypto market, Cyclop’s long-term analysis reveals a more optimistic outlook for the broader digital asset industry.…
Bitcoin Volume Surges 100% Amid War Threats – What To Expect
Amid the chaos that was sparked by Israel’s attack on Iran, Bitcoin has climbed again, shaking off the losses triggered by the conflict. Not only has the price seen an increase from its last week’s lows, but there has also been a notable change in the cryptocurrency’s daily trading volume. This points to continued interest…
Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin?
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that…
On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge
As Bitcoin (BTC) and the broader cryptocurrency market show tentative signs of recovery following the most recent correction, a crypto analyst has made a bold statement suggesting that the market may have already reached its peak. BladeDeFi, in a recent post on X (formerly Twitter), warned followers that a significant downturn could be on the…