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 struggled to maintain its position above the $77,500 resistance zone. BTC reached a peak around $78,350 before initiating a new downward trend. A dip occurred beneath the $76,500 threshold. The price fell beneath the $75,500 and $75,000 thresholds. The price reached a low of $73,637 and is currently consolidating losses beneath the 23.6% … Read more
On Tuesday, Bitcoin’s price soared beyond $76,000, reaching a four-week peak and showcasing its most significant price movement in recent weeks. This rally was fueled by a mix of geopolitical optimism, forced short liquidations, and robust institutional buying pressure. The surge started gaining momentum on the evening of April 13, as bitcoin pierced through a … Read more
Bitcoin price struggled to maintain its position above the $72,500 resistance zone. BTC reached a peak around $73,800 before initiating a new downward trend. A drop occurred beneath the $72,500 threshold. The price has fallen beneath the $71,500 and $71,200 thresholds. A low was established at $70,517, and the price is currently consolidating losses beneath … Read more
Bitcoin price successfully surged past the $70,500 resistance zone. BTC is picking up momentum, aiming for a breakout above the $71,500 and $72,000 thresholds. The pair surged past the $72,500 mark. Additionally, a breakout occurred above a bullish flag pattern, with resistance identified at $71,250 on the hourly chart of the BTC/USD pair. A peak … Read more
Bitcoin traded at $70,981 on Thursday, down 0.5% over 24 hours but still up 6.1% on the week, as the two-week ceasefire between the U.S. and Iran that triggered Tuesday’s broad rally began showing cracks less than 48 hours after it was announced. Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that three clauses of the … Read more
West Texas Intermediate crude has surged to $115 a barrel, gasoline prices in the US have skyrocketed nearly 40% since late February, and Bitcoin continues its struggle to breach a barrier it has encountered unsuccessfully on six occasions. On Monday, Bitcoin briefly reached $69,550, marking a modest 3.30% gain that sent shockwaves through the derivatives … Read more
In week 14, Bitcoin experienced a continuation of its downtrend, with price action finding support around the $65,000 mark, as detailed in latest market pulse report. The leading cryptocurrency dipped below $68,000 mid-week, tested support at $65,000, and then made a modest recovery to around $67,000 as the weekend approached. The trend of lower highs … Read more
On Yesterday, Bitcoin’s price dipped below $66,500, marking its lowest point in over two weeks. This decline was driven by a surge in long liquidations coupled with increasing macroeconomic pressures impacting the crypto market. According to data, nearly $300 million in long positions were liquidated over the past 24 hours, while short liquidations amounted to … Read more
