Bitcoin may struggle to hold and continue higher above the $94,000 price level it was last trading at on March 3, according to crypto analysts. Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say. “Any recovery to take the price back above…
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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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Is the Bitcoin bottom in, or is today’s price action simply an oversold bounce that will trap overleveraged bulls? The Bitcoin sell-off, which dominated a majority of the weak, appears to be easing off, with BTC price making a recovery back in the $80,000 range to reach an intra-day high at $85,120. Some traders believe…
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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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Traders on social media seem keen to buy the dip, but onchain analytics platform Santiment says this doesn’t necessarily mean it’s time to buy yet. Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000. Santiment’s social sentiment…
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Assure DeFi CEO and crypto analyst Chapo predicts Market-Value-to-Realized-Value will peak around 3.2 this cycle, signaling the market top. Bitcoin’s Market-Value-to-Realized-Value (MVRV), an indicator that measures whether the asset is overvalued or not, shows that the cryptocurrency still has room to peak this cycle, according to a crypto analyst. “I predict a peak MVRV this…
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BlackRock’s iShares Bitcoin Trust has just recorded its biggest single day outflow since launching in 2024. Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date,…
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Bitcoin ETFs in the US have seen more than $2.4 billion in net outflows over February as Bitcoin struggles to maintain a price rally. US spot Bitcoin exchange-traded funds (ETFs) have seen their largest-ever daily net outflows as Bitcoin continues to trade below $90,000. The 11 Bitcoin funds on Feb. 25 together saw a net outflow…
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10x Research’s Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.” Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. Spot Bitcoin ETFs in the…
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Bitcoin’s rangebound trading style is raising eyebrows among both traders and analysts despite the Bybit hack. Bitcoin eyed $95,000 into the Feb. 23 weekly close as signs pointed to a major BTC buy-in by business intelligence firm Strategy. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Strategy CEO Saylor hints at BTC exposure increase Data from Markets Pro and TradingView showed a…
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