Analysts say Bitcoin’s recent weekend pump to $95,000 is eerily similar to the “Xi pump” in 2019. Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart. Source: TradingView…
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Crypto traders expect Bitcoin price to remain choppy in the short term as a new range must be established after this week’s double-digit drawdown. The Bitcoin bounce to $85,000 on Feb. 28 had traders hopeful that a bottom was in could be in peril after BTC struggled to secure a higher high candlestick for the daily…
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The Bitcoin Inter-Exchange Flow Pulse metric is flashing what traditionally signals the start of BTC price downside. Bitcoin risks entering a new “bearish phase” as investors reduce risk exposure at current prices. In fresh findings on Feb. 15, onchain analytics platform CryptoQuant warned that BTC was increasingly leaving derivatives exchanges. Bitcoin exchange flow trend flips bearish Bitcoin flows…
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2024 was a challenging year for crypto and blockchain venture capital, as former hot sectors like gaming, metaverse and NFTs failed to spur bigger funding opportunities. Bitcoin’s bull market in 2024 failed to generate a commensurate uptick in venture capital funding, suggesting that institutional investors no longer have a blank-check approach to crypto and blockchain…
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Bitcoin formed a bearish engulfing candle immediately after its $100,000 retest, which opened the door for a potential correction below $90,000. Bitcoin price sold off again on Jan. 8, forming a bearish engulfing candle on the daily chart. This particular daily drawdown was BTC’s second steepest fall in 19 weeks. Bitcoin 1-day chart. Source:TradingView With…
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Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve’s hawkish 2025 outlook on inflation. Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in…
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Bitcoin is attempting a soft recovery today, but failure to flip $95,000 back to support could lead to a classic Thanksgiving price dump. Bitcoin’s price dropped below $95,000 on Nov. 25, breaking below an ascending broadening wedge pattern. While the crypto asset has found support from the 100-day EMA level, combined overhead resistance from the 50-day…
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After hitting new all-time highs, Bitcoin hints at early signs of short-term correction to reset its overleveraged futures market. Bitcoin’s price dropped 6% between Nov. 13 and 15, exhibiting its first period of correction since breaking above its previous all-time high of $73,880. Bitcoin 4-hour chart. Source: TradingView With BTC undergoing price discovery on Nov.…
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Several Bitcoin price analysts see BTC trading between $100,000 and $200,000 just before and after Trump’s inauguration. Bitcoin is in price discovery, hitting a record high of $76,990 on Bitstamp just days after Donald Trump emerged victorious in the United States presidential election. Several analysts predict further Bitcoin highs as market participants anticipate a more crypto-friendly business…
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Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish. Bitcoin’s price momentum has cooled since the Oct. 29 rally toward the all-time high, but the derivatives market continues to project traders’ optimism in a price recovery. The analysis of Bitcoin futures and options markets suggests…
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