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Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower as Bearish Sentiment Returns to Markets
[Nov 28, 2022 7:30 AM] Bitcoin fell to a six-day low to start the week, as the token moved closer to the $16,000 level. The drop sees prices fall for a fifth straight session, with overall sentiment in the cryptocurrency market turning bearish. Ethereum was once again…
Bitcoin Struggles As Bulls Hold The Line – How Long Before Bears Retest $14,000?
[Nov 28, 2022 5:24 AM] BTC’s price holds above $16,000 price struggles to break above $17,000, creating more worry for many traders Price remains weak as bears battle bulls, as the price fails to break above $17,500 with so much uncertainty in the market …
Bitcoin Bottom Is Near, But A Drop To This Level Is Possible, Renowned Analyst Says
[Nov 28, 2022 4:16 AM] After Bitcoin failed to sustainably overcome the important resistance at $16,600 within the last five days, the price saw a renewed pullback a few hours ago. A week ago, on November 21, the BTC price fell to a new bear market low of $15,480, after…
Bitcoin Price Prediction: This Scenario Will Trigger A Fresh Drop
[Nov 27, 2022 9:18 PM] Bitcoin price struggled to clear the $16,800 resistance. BTC is moving lower and there is a risk of more losses below the $16,000 support zone. Bitcoin attempted an upside break above the $16,800 resistance, but failed. The price is trading below…
After More Than 380 Days, Crypto Supporters Celebrate Surviving the Second-Longest Bitcoin Bear Market
[Nov 26, 2022 6:00 PM] On Saturday, members of the forum r/cryptocurrency discussed how the current bear market is now the second-longest bear market in the history of bitcoin prices. According to the forum post, the current crypto winter has lasted more than 380 days…
Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year
[Nov 26, 2022 11:00 AM] This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the…
Bitcoin, Ethereum Technical Analysis: ETH Surges Above $1,200 to Start the Weekend
[Nov 26, 2022 7:30 AM] Ethereum was back above $1,200 on Saturday, as bullish sentiment returned to cryptocurrency markets to start the weekend. Following recent stints in the red, the global crypto market cap is trading 1.91% higher as of writing. Bitcoin was also back…
On-Chain Data Shows Signs Of Fresh Bitcoin Accumulation
[Nov 25, 2022 1:00 PM] On-chain data shows signs of some fresh Bitcoin accumulation taking place during the last month. Bitcoin UTXOs Aged 1 Week To 1 Month Have Risen Up In Recent Days As pointed out by an analyst in a CryptoQuant post, UTXOs purchased between 1 week…
Bitcoin Bulls Get Rejected As $16,700 Proves Too Strong; Here Is What To Expect
Bitcoin To Plunge Further? Long-Term Holders Ramp Up Selling
[Nov 25, 2022 10:00 AM] On-chain data shows Bitcoin long-term holders have ramped up their selling recently, something that could lead to further plunge in the crypto’s price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Last Day As pointed out by an analyst…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Black Friday
[Nov 25, 2022 7:30 AM] Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of…
Bitcoin Price Faces Rejection, Why BTC Could Resume Its Downtrend
[Nov 24, 2022 8:56 PM] Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above…
Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust
Bitcoin Shakes Off the Bears and Aims for $20,000 By End Of Year, Can It Make It?
[Nov 24, 2022 10:11 AM] Bitcoin remains rangebound, hovering around its yearly lows, with some short timeframe bullish momentum. The cryptocurrency suffered amid the FTX’s collapse and the subsequent contagion, but market participants seem more optimistic about potential…
Bitcoin Capitulation Deepens As aSOPR Metric Plunges To Dec 2018 Lows
[Nov 24, 2022 10:00 AM] On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almost 4 Years Ago As pointed out by an analyst in a…
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,200, as Federal Reserve Set to Pivot Policy
[Nov 24, 2022 7:30 AM] Ethereum moved back above $1,200 on Thursday, as markets continued to react to the latest Federal Open Market Committee (FOMC) minutes. Yesterday’s report hinted that the U.S. Federal Reserve could pivot to smaller interest rate increases…
Data Signals Major Red Flag As Chainlink (LINK) Rises 8% Over Last 7 Days
[Nov 24, 2022 7:29 AM] With a price increase of 8% over the last seven days, Chainlink (LINK) is currently one of the best performers on the crypto market, behind Litecoin (LTC) and BNB. Remarkably, the trading volume of LINK has dropped 20% in the last 24 hours to just…
Bitcoin Trades Above $16,500 – Could This Be A Bear Trap?
Bitcoin exchanges see 180K BTC supply decrease amid Mt. Gox BTC sales
[Nov 24, 2022 5:19 AM] Bitcoins from the 2014 Mt. Gox hack are on the move again, with 65 BTC sent to exchange HitBTC on Nov. 22.
Dump Incoming? Rogue BTC-e Sends $165 Million In Bitcoin To Personal Wallets And Exchanges
[Nov 24, 2022 4:23 AM] After a year of near dormancy, Bitcoin funds of the rogue exchange BTC-e are on the move again. Chainalysis, an American blockchain analysis firm headquartered in New York City, is reporting that 10,000 BTC, worth about $165 million, have been…
Bitcoin Price Prediction: Recovery Just Getting Started or It’s Bull Trap?
[Nov 23, 2022 9:39 PM] Bitcoin price gained pace and was able to clear $16,500. BTC must settle above $17,000 to start a real recovery in the near term. Bitcoin started an upside correction and climbed above the $16,500 resistance. The price is trading above $16,400 and…
Crypto Market Back To High Correlation As All Indexes Closely Follow Bitcoin
[Nov 23, 2022 1:00 PM] Data shows the crypto market has become highly correlation again in the past week as all indexes have been closing following Bitcoin. All Market Cap Weighted Crypto Indexes Have Been Moving Together Recently According to the latest weekly report…
Bitcoin Closing In On This Bullish Crossover, Relief Finally Ahead?
[Nov 23, 2022 10:00 AM] On-chain data shows Bitcoin is closing in on a crossover that has historically proved to be bullish for the price of the crypto. Bitcoin Short-Term And Long-Term UTXO Age Bands Approach Crossover As pointed out by an analyst in a CryptoQuant post…
Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC
[Nov 23, 2022 7:30 AM] Bitcoin moved back above $16,000 on Nov. 23, as markets continued to react to the news that Coinbase holds 2 million bitcoin worth $39.9 billion. Centralized exchanges continue to face scrutiny following the collapse of FTX, with many moving to…
Genesis / DCG: All Cool Again? Bitcoin Investors Should Be Cautions
[Nov 23, 2022 5:51 AM] The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the…
Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone; Here Is Why
Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky
[Nov 22, 2022 11:58 PM] The cybersecurity firm predicted that crypto-related cybercrime won't slow down in 2023, but it will move on from Bitcoin as a source of payment.
Bitcoin Price Recovery Remains Capped, Why 100 SMA Is The Key
[Nov 22, 2022 8:22 PM] Bitcoin price started an upside correction from $15,500. BTC is now facing a strong resistance near the $16,300 zone and the 100 hourly SMA. Bitcoin found support near $15,500 and started an upside correction. The price is trading below $16,300 and…
Bitcoin At $1M By 2030: Why Cathie Wood Remains Confident In Bold Bet
[Nov 22, 2022 6:46 PM] Following news that Ark Invest has made investments into Grayscale’s heavily discounted Bitcoin fund, CEO Cathie Wood is doubling down on a bold bet that the top cryptocurrency will reach $1M per coin by 2030. Is such a lofty price prediction…