BTCUSD Remains Stuck in the Parallel Channel BTCUSD remains within its parallel channel as it faces another unsuccessful attempt to break out. This parallel channel has guided the market since the bullish resurgence from $16,500 at the beginning of the year, encapsulating all upward movements within its boundaries. BTCUSD Key Levels Supply Levels: $45,000, $47,570, […]
Introduction: As Bitcoin, the trailblazing cryptocurrency, continues to captivate investors, a plethora of literature has emerged, offering insights into its history and transformative impact on the financial landscape. In this overview for 2024, we gauge the quality and popularity of these works by incorporating user reviews from major platforms. Join us on this exploration of […]
BTCUSD Grapples to Reach the $45,000 Resistance Level The $45,000 resistance level looms as the next significant hurdle for BTCUSD. Recent bullish momentum has propelled the cryptocurrency beyond various key resistances, including the significant $38,000 level. Currently, attention is focused on surmounting the $45,000 resistance, with determined bullish efforts in play. BTCUSD Key Levels Supply […]
Crypto options exchange Deribit is experiencing a surge in trading activity, reaching a historic high of $23.6 billion in notional open interest on Friday, as reported by CoinDesk. Bitcoin options constitute 67% of the total, with the remaining portion being Ether options. Options, serving as derivatives, grant investors the right to buy or sell an […]
BTCUSD Could Pullback to $39,800 to Continue Rallying BTCUSD could retrace to $39,800 before it continues its strong upward drive. So far, Bitcoin has continued the trend that it began at the beginning of the year at the $16,500 demand level. The price has since been gliding upward through a parallel channel, with only a […]
Bitcoin (BTC) has embarked on a striking rally, catapulting from $27,000 to an impressive $44,000 since early October. While investors eagerly await the approval of bitcoin exchange-traded funds (ETFs) in the United States, another crucial factor appears to be steering the current bitcoin bull run: the decline in interest rates across major bond markets. The […]
As the US SEC nears approval of the Spot ETF, a bullish surge in bitcoin is expected. The impending bullish trend for Bitcoin (BTC) revolves around the awaited approval and launch of the first US Spot Bitcoin ETF. Forecasts hint at the US Securities and Exchange Commission (SEC) greenlighting at least one Spot ETF by […]
BTCUSD Breaks Above $38,000 Resistance Level BTCUSD pops upward and has successfully surged above the formidable $38,000 resistance level, marking a significant breakthrough after nearly two weeks of persistent buyer efforts. Overcoming this resistance has been a challenging journey, with multiple tests and candle wicks attempting to breach the level. BTCUSD Key Levels Supply Levels: […]
Bitcoin (BTC) has experienced a remarkable rally, reaching its highest level since May 2022, fueled by a series of positive factors. CoinDesk reports that over the past two weeks, more than 37,000 BTC, valued at approximately $1.44 billion, exited centralized exchanges, signaling a trend of investors opting for direct custody and long-term holding. The notable decrease […]
