Bitcoin is currently priced at $78.3k as we kick off the first weekend of May. The asset has achieved a milestone it hasn’t reached since the cycle peak, successfully closing above the 100-day moving average and breaking out of a long-term descending channel that has encapsulated the entire bearish trend. The decision follows robust daily … Read more
Bitcoin is currently trading beneath a crucial cost threshold that short-term holders invested to obtain it — indicating that a significant number of recent buyers are facing losses as we approach one of the month’s largest options expiry events. Current data indicates that Bitcoin is trading below the Short-Term Holder Cost Basis of $78,900, as … Read more
Bitcoin price continued to find support above the $75,000 threshold. BTC has established a solid base, positioning itself above $75,500 as it embarks on a recovery wave. A surge occurred, breaking through the $76,000 and $76,200 thresholds. The bulls successfully drove the price above the 50% Fibonacci retracement level of the decline from the $77,888 … Read more
Bitcoin price struggled to maintain its position above the $76,500 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $76,000 mark. A decline occurred beneath the $75,500 threshold. The price even dipped below $75,000. The price hit a low of $74,940 and is currently consolidating its losses. A … Read more
As Bitcoin approaches a pivotal support level, analysts are cautioning that this week is crucial for the leading cryptocurrency, potentially determining the fate of its recovery rally. On Tuesday, Bitcoin fell beneath the $76,000 support level for the first time in a week, hitting $75,666 before making a recovery. The leading cryptocurrency has been fluctuating … Read more
Bitcoin price faced challenges in holding its ground above the $78,500 resistance zone. BTC hit a high of approximately $79,500 before starting a fresh downward trajectory. A dip was observed below the $78,000 threshold. The price has dipped below the $77,500 and $77,000 levels. The price reached a low of $76,480 and is now in … Read more
Bitcoin has experienced a notable bounce in recent weeks, as traders react to an unexpected move from BlackRock. The bitcoin price has skyrocketed by 30% after reaching a recent low of $60,000 per bitcoin in February, a movement influenced by a former Federal Reserve chair’s unexpected hyperinflation warning. Traders are now placing their bets on … Read more
Bitcoin’s price action has been climbing steadily off its February low around $61,300, but what lies directly ahead is not merely another resistance zone. This is a statistical threshold that has remained steadfast across various market cycles. Data indicates that each time Bitcoin has experienced a 30% recovery from a cycle low, it has subsequently … Read more
Bitcoin is making a bid to regain a vital support level, while spot exchange-traded funds tied to the leading cryptocurrency have shown their strongest performance since the market downturn in October. US spot Bitcoin funds have continued their impressive run, marking eight consecutive days of gains after attracting $223.2 million on Thursday. This surge underscores … Read more
According to analyst Bitcoin’s current momentum could propel its price to $86,000, potentially igniting a substantial rally in altcoins. Analyst highlighted that the upcoming surge for Bitcoin might allow altcoins to experience gains of 30-60% from their current positions. Currencies & Foreign Exchange Bitcoin is currently priced at $77,890 as of April 23, based on … Read more