Bitcoin has seen a sharp pullback in the past few days, dropping below $110,000 after setting a strength of the recent rally. Despite this retracement, some analysts argue that the bullish structure is still intact for Bitcoin. Particularly, crypto analyst Colin pointed to an interesting macroeconomic indicator called the Global M2 Money Supply as a…
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Bitcoin Consolidates Below ATH – Buying Pressure Weakens As Equities Outperform
Bitcoin is facing growing risks of a pullback as bullish momentum begins to fade near key resistance. After weeks of impressive gains, BTC is now consolidating in a tight range just below its all-time high, with buyers struggling to push the price into price discovery. This ongoing indecision has raised concerns among traders and analysts,…
Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon?
Following the return above $100,000 in the previous week, Bitcoin has fought well to maintain its hold above the six-figure mark in recent days. While the flagship cryptocurrency retains its six-figure valuation, there’s still some momentum lacking in its price action, as spotlighted by last week’s performance. According to recent analysis, the sluggishness and apparent…
Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’
Bitcoin has shown signs of stabilization above the $86,000 mark after reclaiming the level earlier this week. This recovery marks a shift in short-term sentiment after several weeks of price turbulence. While the asset remains down approximately 20.2% from its all-time high set in January, the current rebound suggests a pause in downward pressure and…
Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500
Bitcoin has entered a period of relative calm, with its price oscillating between $81,000 and $89,000 over the past several sessions. This newfound stability has reassured many traders, as the odds of a sharp decline below $80,000 have diminished significantly. Selling pressure is starting to ease, buyers are gradually stepping in, and the market appears…
Bitcoin Spot ETF Exodus Continues: $900 Million Outflows Extend Losing Streak
Following the last trading window, the US Bitcoin Spot ETFs have recorded another week of overwhelming net outflows with investors pulling over $900 million from the market. This development marks the fifth consecutive week of redemptions indicating weak market confidence among institutional investors of the premier cryptocurrency. Bitcoin Institutional Investors Withdraw For The Fifth Straight…
On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin – Can BTC Break $97.5K?
Bitcoin continues to trade within a tight range, holding above the $94K level while struggling to break past the $100K mark. The long-term outlook remains bullish as BTC maintains key demand levels, but short-term price action remains uncertain. Investors and analysts are closely watching for a breakout, with speculation rising that this period of consolidation…
Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions
Blockchain analytics platform Nansen announced the launch of its Bitcoin (BTC) on-chain analytics to bring real-time, detailed insights into the flagship cryptocurrency, enabling users to track key on-chain metrics in the platform. Nansen Brings Real-Time On-Chain Analytics For Bitcoin On Thursday, Nansen introduced its Bitcoin Growth Dashboard to provide a detailed view of the flagship…
Bitcoin’s Make-or-Break Moment: What’s Holding Back the Next Big Rally?
Bitcoin’s price has gradually increased, climbing from $96,000 to nearly $97,000 as of today. Although still shy of the coveted $100,000 mark, the leading cryptocurrency shows signs of resilience. This recovery is unfolding against the backdrop of mixed market signals, prompting analysts to weigh the potential for continued bullish momentum versus the risk of a…
Bitcoin Price Edges Higher But Remains Stuck In a Tight Zone
Bitcoin price started a recovery wave above the $94,500 zone. BTC is rising within a range and might revisit the $98,000 resistance zone. Bitcoin started a decent recovery wave above the $95,500 zone. The price is trading above $96,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend…