The broader cryptocurrency market has been on an upward trajectory over the past few weeks, partly driven by improving global macroeconomic conditions. Recent policy shifts between the United States and China, two of the world’s largest economies, have helped fuel investor sentiment. Both countries have agreed to temporarily reduce tariffs: the US cut rates from…
Tag: BTCUSDT
Bitcoin Sets New ATH, But This Metric Says No Overheating Yet
The Bitcoin Network Value to Transactions (NVT) Golden Cross could indicate that the asset isn’t overheated yet, despite its price marching to a new all-time high (ATH). Bitcoin NVT Golden Cross Still Outside Of Overbought Zone In a CryptoQuant Quicktake NVT Ratio is an on-chain indicator that keeps track of the ratio between the BTC…
Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K
Bitcoin continues to show upward momentum as it has now finally reclaimed a critical price mark. As of the latest data, BTC briefly traded above $109,000; however, it has since retraced, now trading at $108,959, marking a 3.5% increase over the past 24 hours. This puts the asset less than 1% away from its all-time…
Bitcoin Ready For Second ‘Price Discovery Uptrend’ Following $109,000 Breakout – What’s Ahead For BTC?
Bitcoin (BTC) has hit a new all-time high (ATH) after a 4% daily breakout above the $109,000 mark. As the flagship crypto nears the next barrier, some analysts suggest that this cycle’s top isn’t in yet. Bitcoin Hits New All-Time High On Wednesday, Bitcoin hit a new ATH of $109,800 after breaking out of the…
Is Bitcoin Ready For New ATHs? What The Charts Say
An analyst has explained what some charts related to Bitcoin could say regarding whether the current run can lead to a new high or not. Bitcoin Momentum May Be Stalling According To These Signs In a new post on X, analyst Ali Martinez has talked about some technical analysis (TA) signs that could reveal if…
Bitcoin Briefly Surpasses $106K Before Pullback, Analyst Sees Stable Momentum
Bitcoin has resumed its upward trajectory in the early hours of Monday, briefly surpassing the $106,000 mark before encountering resistance and experiencing a minor pullback. As of the time of writing, Bitcoin is trading at $104,153, representing a 1% decline over the past 24 hours. Despite this dip, the asset remains in a strong position…
This Bitcoin Level Could Be To Watch In The Short Term, Glassnode Says
The on-chain analytics firm Glassnode has explained how the Bitcoin investor Cost Basis Distribution could highlight this level as an important one. A Notable Amount Of Bitcoin Has Cost Basis At $106,600 In a new Cost Basis Distribution” (CBD) here refers to an on-chain indicator that tells us about how much of the asset’s supply…
Bitcoin Price Nears Record Highs: Are We Headed For A $120,000 Breakout
With Bitcoin (BTC) surging back above the $105,000 mark and nearing its record high set in January, market expert Doctor Profit has outlined bullish predictions for the leading cryptocurrency. In a recent post on social media platform X, he detailed the dynamics he believes will drive Bitcoin toward new highs. Bitcoin Breaks Key Levels As…
Bitcoin Market Update: Spot Demand Climbs As Short-Term Profits Lose Steam
Bitcoin (BTC) continues to show signs of strength despite experiencing a minor pullback in its most recent trading session. After briefly reaching a 24-hour high of $106,518, the asset retraced slightly and now trades at $104,820, reflecting a modest 0.5% decrease over the past day. Still, the cryptocurrency remains just 3.8% below its all-time high…
Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why
The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the cryptocurrency market at the moment. After a dour performance during the week, the premier cryptocurrency has continued to trade within the $92,000 – $95,000 range on Saturday, May 17. With the choppy price action, doubt…