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Bitcoin’s Reverse Flag Signals Potential Drop to $57.5-58K, Analysts Warn
You are here: Home / News / Bitcoin’s Reverse Flag Signals Potential Drop to $57.5-58K, Analysts Warn Bitcoin, the world’s leading cryptocurrency, has been stuck between a rock and a hard place. With a robust trading volume of $13 billion, BTC is currently facing a crucial support level of $61000 and cannot decide its next
Bitcoin’s Bullish Signals: Indicators Point to Potential BTC Price Surge
As Bitcoin continues to navigate the ever-changing landscape of the cryptocurrency market, traders and analysts are closely monitoring key indicators to gauge the potential for future price movements. Recent developments suggest that the world’s largest cryptocurrency may be on the verge of a significant upward trend, despite some mixed signals. TLDR Two key Bitcoin trading
Bitcoin’s 10 days of selling: Volatility is here, what should you do?
Journalist Bitcoin veterans realized profits on their BTC stashes. The dip in the on-chain spent output ratio could be a warning of a deeper correction. Bitcoin’s [BTC] SOPR metric formed yet another peak, and investors have reason to fear market volatility. The past ten days saw an uptick in selling pressure ahead of the halving
Bitcoin’s Q1 Surge: ETFs Spark Boom, but Euphoria Signals Caution Ahead
As Q2 2024 unfurls, Bitcoin continues to dominate headlines, boasting a staggering 69% price increase in the first quarter alone. This surge, primarily fueled by the debut of spot Bitcoin Exchange-Traded Funds (ETFs) and the anticipation for Bitcoin halving, underlines a transformative phase for the crypto market. However, Bitcoin’s rally has caused an increase in
Bitcoin’s Unique Volatility Profile in Focus as VIX and MOVE Spike
BTC's implied volatility index, DVOL, has recently declined, maintaining a positive correlation with the cryptocurrency's price. Stock and bond market volatility indices, VIX and MOVE, have ticked higher amid risk aversion. A continued rise in MOVE may weigh over bitcoin, one analyst said. Bitcoin's (BTC) price has recently corrected after weeks of unstoppable rally, tracking
Bitcoin’s STH-Realized Price Creates A Strong Support Around $60K! Will BTC Price Rebound?
April was tough for Bitcoin as it fell below key support levels and approached weekly lows, pressured by macroeconomic and geopolitical issues. Despite the bearish trend, the Short-Term Holder (STH) Realized Price suggests a potential buying opportunity, hinting at a possible bullish reversal. In the past 24 hours, the cryptocurrency market has seen significant selling
Bitcoin’s latest ‘halving’ has arrived. Here’s what you need to know
NEW YORK — The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut - effectively reducing new production of the world’s largest cryptocurrency, again. Bitcoin’s latest “halving” appeared to occur Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907. Now, all eyes
Bitcoin’s post halving correction could pull BTC’s price by 20% IF…
Journalist Bitcoin holders were still profitable, which threatened more selling pressure should the market uncertainty continue. The MVRV ratio’s predicted dip could take Bitcoin prices below the key $59k support level Bitcoin [BTC] saw its demand slow down in April. Demand growth and ETF inflows were down, although on a month-to-date basis, the BTC ETF
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