Bitcoin traders set $50K price target after BTC falls below key support level
[May 1 3:30 PM] Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts.
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Bitcoin Investors Remain Unmoved Despite BTC Drop Below $60,000, The Worst Is Almost Over
[May 1 2:00 PM] On Wednesday, Bitcoin sharply declined, dropping below the crucial $60,000 support level. Despite this recent market downtrend, Bitcoin investors remain confident as they believe the flagship crypto can still reach new heights in this market cycle…
Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst
[May 1 12:30 PM] Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader maintains a bullish…
Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone
[May 1 11:00 AM] Bitcoin has finally broken below the $60,000 support level for the first time in two months. The world’s largest digital asset has largely been in a euphoria phase since the beginning of the year, particularly after the launch of Spot Bitcoin…
‘Sell in May and Go Away’: The Seasonality of Crypto-asset Returns
[May 1 10:00 AM] The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group.
Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?
[May 1 9:21 AM] While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000.
Bitcoin L2s set to explode as Runes congest BTC network
[May 1 7:55 AM] High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.
Bitcoin Price Could Fall to $50,000: Standard Chartered
[May 1 6:44 AM] Major global bank Standard Chartered believes the Bitcoin price could see further downside to around $50,000, according to recent comments. Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, told The Block: "BTC's…
Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist
Tether nets record $4.5B profit in Q1 2024 — majority from Bitcoin and gold
[May 1 6:31 AM] The majority, or $3.52 billion, of the profit stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits.
Bitcoin Price Dips Below $57,000: 4 Key Reasons
[May 1 5:42 AM] Bitcoin (BTC) has witnessed a significant drop, falling to $56,556 during Wednesday morning in Europe, marking the lowest point since late February. This downturn represents the sharpest monthly decline since November 2022, with BTC tumbling…
The reasons Bitcoin price is down 11% since the halving
[May 1 4:57 AM] Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving.
If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months
[May 1 2:20 AM] In a recent thread on X (formerly Twitter), renowned on-chain analyst Checkmate provided an analysis regarding the future trajectory of Bitcoin. Currently, the premier cryptocurrency hovers around the $60,000 mark, a pivotal moment that echoes…
Bitcoin Price Nosedives, Can Bulls Save The Key Support at $60K?
[Apr 30 8:54 PM] Bitcoin price took a hit and even spiked below $60,000. BTC could gain bearish momentum if there is a daily close below the $60,000 support zone. Bitcoin started another decline and traded below the $61,200 zone. The price is trading below $62,000…
Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode
[Apr 30 3:47 PM] Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom.
Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin
[Apr 30 3:00 PM] A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions. Analyst Predicts ETH/BTC Bottom Timeline In a recent X (formerly Twitter) post, crypto analyst…
USDT Dominance Falling, Analyst Predicts Bitcoin To Reach $80,000
[Apr 30 1:00 PM] Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D. USDT Dominance Falling, Good For BTC? Taking to X…
Crypto Analyst Reveals Why $59,800 Is An Important Level For Bitcoin
[Apr 30 12:00 PM] Crypto analyst Ali Martinez has provided insights into why $59,800 is a crucial price level for the Bitcoin future trajectory. The analyst revealed two things that could happen if the flagship crypto drops that low. Why $59,800 Is An Important…
Bitcoin To $92,190: Crypto Analyst Reveals Path To ATH Target
[Apr 30 10:30 AM] An analyst has explained what path Bitcoin might need to follow to surge to a new all-time high (ATH) target of $92,190. Bitcoin Needs To Breach This Resistance Barrier To Rise To New ATH In a new thread on X, analyst Ali discussed whether the BTC…
Bitcoin sells the news on Hong Kong ETF debut — Will BTC hold $60K?
[Apr 30 10:27 AM] Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event.
Bitcoin’s 61-Day Streak Above $60K Threatened, $271M in Liquidations as BTC Nears Critical Threshold
[Apr 30 9:36 AM] Bitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued…
Bitcoin Price Bounces Back To $64,500 But Is It Enough To Avoid Drop?
[Apr 29 9:04 PM] Bitcoin price found support at $61,800 and recovered higher. BTC jumped to $64,500 and is currently consolidating gains above $63,500. Bitcoin started another increase after it found support near the $61,800 zone. The price is trading above $63,500…
Hong Kong Bitcoin ETF Readies For Stellar Debut, Expected To Outshine $125M US Launch
[Apr 29 7:00 PM] The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market. With…
Bitcoin Price Prediction For May: Crypto Analyst Predicts Breakdown To $42,000
[Apr 29 5:00 PM] Crypto analyst DonAlt has outlined a scenario where the Bitcoin price could drop to as low as the mid-$40,000. He further suggests that this price breakdown might be necessary for the continuation of BTC’s bull run. How Bitcoin Could Drop To…
$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level
Crypto investment funds see $435M outflow as bull market stalls amid rising inflation concerns
[Apr 29 2:23 PM] Concerns over rising inflation and flat spot Bitcoin ETF inflows could be factors in the $435 million outflow from crypto investment funds last week.
This Bitcoin Metric Foreshadowed Recent Price Drops, Quant Reveals
[Apr 29 12:30 PM] A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance. Bitcoin CDD Registered Spikes Before Recent Price Plunges In a new post on X, an analyst has…
CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish
[Apr 29 8:00 AM] The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down…
Bitcoin Runes fees surpass 1,200 BTC as miners reap rewards post-halving
[Apr 29 6:37 AM] Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards.
Legendary Trader Predicts When Bitcoin’s Bull Run Will End
[Apr 29 6:30 AM] In a recent analysis, veteran trader Peter Brandt delved into the price behavior of Bitcoin, suggesting that the cryptocurrency might have reached its peak for the current cycle. According to Brandt, Bitcoin is exhibiting signs of…