Bitcoin faces strong selling pressure. Bitcoin’s market outlook has taken a bearish turn, with intense selling pressure eroding optimism sparked by the approval of spot Ethereum ETFs. Additionally, the cryptocurrency has been hit hard by a decline in demand, as confirmed by on-chain data and holding patterns that signal a bearish trend. Weeks of stagnant […]
Bitcoin Buyers Need a Strong Resurgence BTCUSD buyers are losing their grip as the price consolidates. The price consolidation around the $60,000 area suggests that the market is in an accumulation phase. Crypto investors may be using this period to gather liquidity before making a decisive move. The $60,000 level serves as a significant area […]
In the aftermath of the 2022 crypto market collapse, we find ourselves revisiting a troubling issue: Operation Chokepoint 2.0. This initiative, revived with renewed vigor, is having a significant impact on the relationship between cryptocurrency and the U.S. banking system. To understand the gravity of the situation, let’s break down the key elements that have […]
BTCUSD Buyers Confront Bearish Onslaught BTCUSD buyers are currently grappling with intense bearish pressure. The Bitcoin market has been facing significant challenges as buyers struggle to maintain control while sellers have pushed the price below the critical $60,000 level. The past week has been marked by a tug-of-war between the bulls and bears, with neither […]
The world’s largest cryptocurrency, Bitcoin, is currently trading at around $58,000, showing little movement in recent days. Despite being up over 100% from last year, the digital currency has faced some challenges in the mining sector. According to CoinDesk, JPMorgan reported that Bitcoin mining became less profitable than ever before in early August. Mining is […]
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 […]
