Bitcoin hit $90,000, but holding it is proving to be a challenge. Godleak explains why. Bitcoin price is trying to punch through the $90,000 level but encountering some pushback. Let’s briefly explore why. On the BTC/USDT 1-hour chart, one can observe a block of sell orders at $90,000. As BTC price runs into these asks, the selling…
Read more
Donald Trump’s win in the United States presidential election may not be the “main story” driving the Bitcoin price rally, says Onramp Bitcoin co-founder Jesse Myers. Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If…
Read more
Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that “this is just the beginning.” Bitcoin’s price has soared above the $79,000 level for the first time ever in a week during which it reached several new highs since Donald Trump was reelected as president of…
Read more
Bitcoin is well into price discovery, but that is not stopping market participants from predicting a snap BTC price comedown. Bitcoin is dividing opinion as a weekend BTC price surge takes BTC/USD to nearly $80,000. BTC/USD 1-hour chart. Source: TradingView Mixed reactions as Bitcoin sees weekend surge Data from TradingView shows Bitcoin gaining almost $2,000 in a…
Read more
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…
Read more
Bitcoin is inches from the most rapid gains in its latest bull market, BTC price analysis concludes. Bitcoin will confirm its “parabolic phase” if BTC/USD delivers a weekly close above $71,500. That is according to the popular trader and analyst Rekt Capital, who, in one of his latest X posts, called time on BTC price consolidation. BTC…
Read more
Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow,…
Read more
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…
Read more
Bitcoin price is down 6.5% from its recent local high, and market analysts expect BTC to bottom in the $65,000 to $69,000 range. Bitcoin price has declined by more than 6% over the last three days after rallying above $73,000 at the beginning of the week. Data fromCoinbase shows that the BTC price fell from a…
Read more
Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically. Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst. “Game theory is now in motion,” Nico…
Read more
