Bitcoin’s adverse price developments that began at the start of the previous business week culminated in another nosedive earlier this morning to just over $80,000 on most exchanges. This means that the asset tested this key support for the first time in nearly a month. Here are some of the possible reasons. Pain in Asia […]
Bitcoin’s price volatility has returned at the start of the business week, with the asset getting rejected at $84,000 yesterday, only to crash by over three grand before staging a notable comeback. With most altcoins following a similar trajectory, it’s no wonder that the total value of wrecked positions has skyrocketed to well over $800 […]
Bitcoin is trading around $83K after the rejection from the $86K to $90K resistance zone weakened short-term structure, while the Coinbase Premium Index has turned sharply negative, suggesting US-based buying demand may be fading. BTC is attempting to stabilize, but buyers need to reclaim nearby resistance to improve the outlook. Bitcoin Price Analysis: The Daily […]
Most major cryptocurrencies tanked over the past several days, led by bitcoin’s nosedive from $87,000 to under $81,000, which became its lowest price tag in well over two weeks. Large altcoins such as XRP and ETH were not spared, with the former posting a double-digit decline over the past seven-day period. The question now is […]
The weekend is going relatively calmly for bitcoin and most of the crypto market, as is typical, but another macro event in the past several hours threatened to disrupt that. Yemen’s Houthis reportedly attacked the King Khalid International Airport in Riyadh, Saudi Arabia, with at least 12 people killed and over 300 injured. Saudi Arabia’s […]
Bitcoin’s on-chain regime model from BIT has returned to a 67% net-long position for a second consecutive month, with five indicators now in territory historically associated with bull markets. The reading suggests a potential recovery in Bitcoin’s cycle, although a recent $7,000 price decline and two important on-chain price levels leave room for further weakness. […]
Bitcoin (BTC) was trading near $84,000 after another failure to break above its yearly open at $87,700. Bitfinex said the next move will depend more on renewed spot demand than on increased futures leverage. Bitcoin had reached $87,200 on October 2, before retreating below the key level. The rejection marked the third failed breakout in […]
Although BTC was halted at $87,000 once again at the start of the business week, it still managed to hold relatively stable at over $85,600 before the bears took complete control for less than half an hour earlier this morning and drove it south by $2,000. Naturally, such a violent move spiked the liquidations, as […]
Analyst Dennis Liu, who posts on X as VirtualBacon, says altcoin season has not started, because the average altcoin is only about 10% ahead of BTC since the primary cryptocurrency’s bottom. According to him, a handful of strong coins are making the market feel hotter than the data supports. Most Altcoins Still Trail Bitcoin Liu’s […]
Bitcoin treasury companies can give investors greater exposure to the cryptocurrency’s gains, but the amplification works in both directions, according to The Smarter Web Company CEO Andrew Webley. In a recent interview with BTC advocate Stephen Livera, Webley also warned that unlike Bitcoin itself, these companies depend on management teams whose capital allocation decisions can […]