Recently, the crypto research platform 10x Research highlighted the uptick in Bitcoin’s Relative Strength, indicating a possible rally in the near future. Their analysis suggests that historical trends may point towards a potential increase in the value of the flagship cryptocurrency. However, amidst this optimism, there are also cautious warnings about potential roadblocks that Bitcoin
Bitcoin
The Bitcoin price has shown a strong rebound after facing bearish pressure for most of the past week. With a drop below $60,000 on May 1, many investors were worried about the future of the premier cryptocurrency. However, on May 3, Bitcoin managed to climb back above the $60,000 mark and even hit $63,000 in
The recent drop in Bitcoin’s price below the critical $59,000 support level has stirred up concerns within the cryptocurrency market. This downward movement has led to liquidations in the futures markets, indicating a potential for further decline if a market capitulation occurs. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions
The recent market-wide crash has pushed the Bitcoin price below $60,000, sparking concerns among investors and analysts. One such analyst, known as Norok, has identified $51,800 as the most critical support level for Bitcoin at the moment. This level, last seen in December 2023, is now being closely watched to determine the future trend of
Bitcoin, the world’s largest digital asset, has recently experienced a significant decline, breaking below the $60,000 support level for the first time in two months. The cryptocurrency has been on a bullish trend since the beginning of the year, fueled by the launch of Spot Bitcoin ETFs in the US market. However, the current consolidation
When analyzing the future trajectory of Bitcoin, crypto analyst Ali Martinez has emphasized the significance of the $59,800 price level. Martinez pointed out that if Bitcoin were to drop to this level, historical trends suggest that the cryptocurrency could experience a significant pump. However, he also cautioned that a failure to bounce off this level
The cryptocurrency market has been buzzing with excitement as renowned analyst Lark Davis sheds light on some significant developments in the Bitcoin ecosystem. Davis points out that institutional and global acceptance of Bitcoin could potentially fuel an even more intense bull cycle than originally anticipated. This shift in perspective highlights the growing recognition of Bitcoin
Crypto analyst DonAlt has raised concerns about the potential for Bitcoin to drop to as low as the mid-$40,000 range. He argues that this price breakdown might be necessary for the continuation of BTC’s bull run. According to DonAlt’s analysis, Bitcoin has retraced back to around $60,000 and could potentially break below that support level
The Bitcoin network has recently experienced a significant surge in trading activity following the halving event. While the halving did generate considerable attention for Bitcoin, the increase in trading activity can be attributed to other factors. Data from on-chain analytics platform IntoTheBlock reveals that the number of daily BTC transactions has spiked to a new
Recent on-chain data has revealed a concerning trend in the Bitcoin network, indicating a consistent decrease in high-value transactions over the past few weeks. This decline in activity has been reflected in the price of Bitcoin, which has been struggling to break out of consolidation throughout the month of April. Despite multiple attempts to hold
Peter Brandt, a well-known crypto expert, recently suggested that the Bitcoin top for this market cycle may have already occurred. He based his conclusion on his “exponential decay” thesis, which he believes could actually benefit the Bitcoin ecosystem. Brandt pointed to historical data indicating that Bitcoin’s price has peaked, referencing an “exponential decay” pattern that
The cryptocurrency community is buzzing with excitement following a recent prediction made by a deep learning model regarding Bitcoin’s price trajectory in the near future. Despite the AI’s optimistic forecast, financial experts are urging caution when interpreting these projections. Bitcoin has remained relatively stagnant around the $64,000 mark, leaving many investors puzzled about its next
The Spot Bitcoin ETFs have been experiencing a decline in demand since the beginning of this month, leading to significant outflows recorded on April 26. Farside Investors highlighted in a post on X (formerly Twitter) that the Spot Bitcoin ETFs saw $217 million of net outflows on April 25, marking one of the largest outflows
Chief economist and Bitcoin critic, Peter Schiff, has recently issued a somber prediction regarding the future of the world’s largest cryptocurrency, Bitcoin. In a tweet, Schiff shared a price chart of Bitcoin against the United States Dollar, highlighting Bitcoin’s price at $63,814 with key support levels around $60,000. Schiff emphasized the importance of Bitcoin maintaining