Bitcoin Consolidates as Sellers Hit Roadblock at $60,640 Level Bitcoin (BTCUSD) has encountered sellers facing resistance as the price consolidates around the crucial $60,640 level. Throughout this month, Bitcoin sellers have shown significant strength by pulling the price through key levels. However, buyers have now entered the scene, challenging the bearish sentiment. After buyers lost […]
Willy Woo predicts a 10x bitcoin surge as the financial world embraces cryptocurrency. Cryptocurrency trader and entrepreneur Willy Woo recently shared a bullish outlook for Bitcoin (BTC) on the X social media platform, formerly known as Twitter. Woo also highlighted that the financial sector now recognizes Bitcoin as a rapidly emerging asset class. Crucial Bullish […]
BTCUSD Buyers Gain Traction Bitcoin buyers regain footing as recovery momentum builds. The BTCUSD has experienced a shift in sentiment, with buyers gaining strength and recovering ground around the $58,530 significant level. This week, buyers have initiated a solid pullback, showing willingness to counter the previous sell-side trend. Recently, there has been rejection around the […]
In a major development that’s got the crypto world buzzing, Mt. Gox is finally ready to pay back its users. The infamous Bitcoin exchange that went bust in 2014 will start giving out money in July 2024. This news has sent ripples through the crypto market, with Bitcoin’s price taking a hit. Mt. Gox owes […]
Bitcoin is Facing Bearish Pressure Near the $63,600 Key Level BTCUSD bearish strength lingers as buyers continue to lose grip. The crypto market trend shifted earlier this month, with bears charging through the $63,600 significant level and refusing to relent. After struggling around the $72,000 market area, consolidation at this level has pressured buyers, causing […]
Standard Chartered’s new crypto platform will operate from London. British multinational banking giant Standard Chartered is preparing to launch a trading platform specifically for Bitcoin and Ether. This move positions it among the first major global banks to engage in direct cryptocurrency trading. Standard Chartered Enters the Spot Trading MarketAccording to sources referenced in a […]
BTCUSD sellers pressure the price towards the $64,000 support level BTCUSD sellers gain more momentum as the price tests the $64,000 support zone. Buyers recently attempted to push the price higher, but their efforts were short-lived as sellers quickly regained control. BTCUSD Key LevelsSupply Levels: $72,000, $73,860Demand Levels: $60,400, $64,000Earlier this month, the Bitcoin price […]
Bitcoin, the world’s largest cryptocurrency by market cap, has hit a rough patch as it dipped below a crucial price support level on Tuesday. This drop could signal the start of an 8% to 12% correction, according to analysts at CryptoQuant. The concerning development comes as Bitcoin fell below the key support of $65,800, which […]
BTCUSD faces a bearish outlook as whale activity surges. Recent data from CryptoQuant highlights a concerning trend for BTCUSD, pointing towards potential bearishness. The Exchange Whale Ratio, which measures the influence of large Bitcoin holders by comparing their deposits to total exchange inflows, has seen a significant uptick. Bitcoin “Exchange Whale Ratio” Is Rising: Why […]
