A prominent crypto analyst with X username PlanD has backed Bitcoin to maintain its uptrend despite some significant price retracement in the past week. Notably, PlanD states the premier cryptocurrency remains on course for a $340,000 price point but only if a specific support zone remains valid. Bitcoin Bullish Momentum Hinges On $91,000 – $100,000…
Tag: BTCUSDT
Bitcoin Price Eyes New Gains — Is the Next Leg Higher Starting?
Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now consolidating and might aim for a recovery wave above $106,000. Bitcoin started a fresh decline below the $106,500 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with…
Bitcoin Price Risks Break Down To $92,000 As It Enters Accumulation Phase
The Bitcoin price has turned bearish after hitting a new all-time high above $111,000 back in May. This turn in the tide was expected as the rally put Bitcoin holders in massive profit, showing a risk of profit-taking that could tank the price. So far, the price is already down by 6% % from its…
$202 Million In Long Liquidations Rock Bitcoin Market — What’s Next For BTC Price?
Over the weekend, Bitcoin’s price extended its disappointing performance, falling to around $103,000 in the early hours of Saturday, May 31st. While the premier cryptocurrency seems to have recovered fine in the past day, its price is still more than 6% away from the recently achieved all-time high of $111,814. Interestingly, the latest on-chain data…
Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000
Data shows a large number of long liquidations have occurred in the cryptocurrency market as Bitcoin and other assets have plunged. Crypto Liquidations Have Surpassed $712 Million Over The Past Day According to data from CoinGlass, chaos has occurred on the derivatives market following the volatility Bitcoin and the company have gone through during the last…
Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows
Although Bitcoin (BTC) appears to have stalled in the mid-$100,000 range, on-chain data indicates that the top cryptocurrency’s bullish momentum is far from over. BTC recently hit a new all-time high (ATH) of $111,980, prompting several crypto analysts to forecast even higher prices in the near term. Bitcoin Rally Far From Over, Data Suggests According…
Bitcoin’s Price Sees Drop as Altcoin Traders Face Increased Pressure
Bitcoin’s recent upward trajectory has encountered resistance after reaching a record-breaking peak of over $111,000 last week. Following this new all-time high, Bitcoin has retraced approximately 4% in the past seven days, bringing its current trading price down to $105,485. This represents a daily decline of 1.8%, reflecting cautious market sentiment and potential profit-taking among…
Bitcoin Rally Stalls at $108K as Key Risk Metric Flashes Red, Is Correction Looming?
Bitcoin (BTC) has recently experienced a slight slowdown after its impressive upward run, trading at $108,012 at the time of writing. Over the past week, Bitcoin has recorded a 3.1% decline, indicating a moderate pullback from recent highs. However, despite this short-term downtrend, the asset continues to hold steady above significant support levels, suggesting minimal…
Bitcoin Selling Pressure Weak As Binance Inflows Stay Subdued – Can BTC Sustain Its Rally?
Bitcoin (BTC) continues to trade close to its new all-time high (ATH) of $111,980, set earlier this week. While some argue that the top digital asset may be running out of steam, Binance exchange flow data suggests that certain investor groups are reluctant to sell their BTC just yet, expecting further upside. Bitcoin Inflows To…
This Chart Warns Bitcoin’s Momentum May Be Running Out, Here’s Why
Bitcoin is currently trading above $107,000 following a recent peak that saw the asset touch a new all-time high above $111,000. Although this marks a 3.9% drop from its highest level, the broader monthly trend remains positive, with BTC still recording a gain of over 10% in the last 30 days. The market, however, has…