Bitcoin Price Prediction – August 8 The BTCUSD market faces bearish pressure as the price consolidates in the premium zone. A further crash is probably imminent as a bullish reversal is not in view. The moving averages and the RSI (Relative Strength Index) on the BTCUSD chart show a negative trend. The RSI is trading close […]
The exchange plans to release 141,686 BTC, worth billions, to its creditors. The exchange is preparing to distribute 141,686 BTC, currently valued at billions of dollars, to its creditors. Since Bitcoin has surged over 8,500% since the collapse of the exchange in 2014, many creditors are likely to sell their holdings to finally cash in […]
Bitcoin Buyers Regain Strength BTCUSD crypto is gaining traction as buyers fight for dominance. The crypto market has started the new week with a strong performance from the bulls. Currently, the price is hovering around the $61,100 key level, signaling a strong recovery after a recent pullback. BTCUSD Significant Levels Resistance Levels: $65,800, $68,800Support Levels: […]
In a dramatic turn of events, Bitcoin (BTC) has bounced back from its recent slump, climbing past the $60,000 mark after a tumultuous week that saw prices dip below $50,000. This swift recovery has reignited optimism in the cryptocurrency market, with some experts predicting further gains on the horizon. The world’s leading cryptocurrency has shown […]
Bitcoin (BTCUSD) Buyers Lose Steam The Bitcoin cryptocurrency faces a decline after nearing the $63,000 key level. The BTCUSD value has seen a significant drop after approaching this crucial threshold. Although buyers have been consistent in their pursuit over the past few days, their momentum appears to be waning. BTCUSD Key Levels Resistance Levels: $72,000, […]
BTCUSD Breaks Higher as Buyers Regain Momentum BTCUSD crypto continues its expansion as buyers regain confidence. The BTCUSD market has experienced a significant turnaround in recent days, with buyers taking control and pushing prices higher toward the $60,000 key level. After facing resistance at $50,500, buyers have maintained their resolve and are now making a […]
In a significant development for the cryptocurrency world, the two largest stablecoins have seen a huge increase in supply over the past week. This growth comes as the broader crypto market bounces back from a recent dip. Tether (USDT) and USD Coin (USDC), the top two stablecoins by market size, have added nearly $3 billion […]
In a recent developments, Bitcoin miners are grappling with unprecedented challenges as profitability reaches all-time lows. Despite Bitcoin’s price rebounding to over $59,000, miners are feeling the squeeze due to reduced block rewards and increasing mining difficulty. According to a recent report by Blocksbridge, a storage infrastructure company, miner hashprice, which measures mining profit margins, […]
Bitcoin shows bearish signals as the loss percentage mirrors the 2020 bull cycle correction. Bitcoin (BTC) is currently exhibiting bearish tendencies, with many holders experiencing losses. According to CryptoQuant, the percentage of Bitcoin in the loss range 2024 parallels the levels seen during the major correction of the 2020 bull cycle. The current percentage of […]
