BTCUSD Analysis – Bitcoin sellers may fire lower Bitcoin has experienced a significant slump, with prices currently hovering around the $81,000 key level. After a failed attempt to reclaim the $90,000 market level, buyers are showing signs of weakness. This allows sellers to gain control and push prices lower. Bitcoin Key Levels Support Level: $79,000, […]
Recent Bitcoin bullish outlook bolstered by consistent whale accumulation patterns. An Onchain analyst recently noted that major whale addresses are accumulating Bitcoin in large quantities. These wallets, holding between 1,000 and 10,000 BTC, display buying behavior that many interpret as a sign of upcoming market strength. Their persistent accumulation mirrors trends observed during the 2020 […]
Crypto investment products experienced a resurgence last week, attracting $226 million in inflows. According to CoinShares, this signals a shift in investor sentiment, following a period of record outflows. With nine consecutive days of inflows—barring a brief $74 million outflow on Friday—market confidence appears to be gradually returning. Bitcoin Dominates Crypto Inflows Bitcoin led the […]
BTCUSD Analysis – Bitcoin Buyers Shows Potential for Attack Bitcoin is currently exhibiting bullish interest as it navigates through sell pressure, trading around the $82,440 key level. The cryptocurrency has experienced a decline in recent days after attempting to approach the significant $90,000 market level, reflecting the ongoing battle between buyers and sellers. Bitcoin Keys […]
BTCUSD Analysis – Bitcoin Price Presses Higher Bitcoin edges closer to $90,000 key level amid bullish push. Bitcoin is moving towards the $90,000 market zone, with buyers battling bearish pressure to sustain an upward trend. BTCUSD Key Levels: Support: $77,960, $85,000Resistance: $90,000, $100,000 Bitcoin fell to $77,960 before the month began, triggering a strong bullish […]
Bitcoin Buying Strength Hints at a Strong Recovery Bitcoin bulls eye a recovery toward the $100,000 key level. Bitcoin buyers are attempting to reclaim strength, despite sellers posing a threat in the market. Since mid-March, the bulls have been building momentum from the $77,960 key zone. However, selling pressure has hindered their progress. A breakthrough […]
Tim Draper envisions a future where fiat money collapses, Bitcoin dominates, and people rush to convert their dollars before they become worthless. Bitcoin to Replace Fiat as the Global Standard Prominent venture capitalist and Bitcoin advocate Tim Draper reaffirmed his unwavering belief in BTC’s future during an interview with Benzinga’s Jason Raznick. Draper predicted that […]
Bitcoin’s Hot Supply Sees Significant Drop Despite ongoing struggles in the cryptocurrency market, there are potential signs that Bitcoin could be gearing up for a recovery. One such indicator is its hot supply, which tracks BTC available for short-term trading. According to on-chain analytics platform Glassnode, Bitcoin’s hot supply, representing BTC aged one week or […]
Bitcoin and Crypto Options Expiry Set to Drive Market Volatility Crypto markets are bracing for turbulence as $3 billion in options contracts expire this Friday. Among these, around 29,000 Bitcoin options contracts hold a notional value of $2.5 billion. While this week’s event is smaller than last Friday’s month-end expiry, a much larger expiration is […]
