Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts. Crypto market analysts say the Bitcoin bear trap is officially over. Based on historical chart patterns, they are eyeing the next price breakout. Was the 25% Bitcoin price drawdown a bear trap? A bear trap is a form…
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Capriole Investments founder Charles Edwards says that multiple onchain metrics point to a “sign of weakness” in the Bitcoin price. The Bitcoin price has fallen 2.25% over the last 24 hours and is currently 16% below its all-time high of $73,835, reached on March 14. BTC/USD daily chart. Source: TradingView The Bitcoin price is down 8.75% over the…
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Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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Adding to the bullish technical formation, Bitcoin’s distribution ‘danger zone’ has officially ended, according to popular analyst Rekt Capital. A popular Bitcoin chart formation suggests that Bitcoin’s price could break out from its current range. However, this week’s macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside? Is a Bitcoin breakout…
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Bitcoin has almost completed its prime BTC price drawdown phase after April’s halving, the latest analysis confirms. Bitcoin challenged $60,000 support into the May 10 daily close as the classic post-halving “danger zone” spooked bulls. BTC/USD 1-hour chart. Source: TradingView BTC price gives up gains above $60,000 Data from and TradingView showed intraday BTC price lows of $60,190…
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Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X think it’s time to go long. On April 18, Bitcoin futures contracts exhibited significant demand for short (sell) positions, sparking speculations of further bearish momentum. This trend was influenced by the lack of inflows into spot Bitcoin exchange-traded…
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Bitcoin bulls remain confident despite BTC price hitting its lowest levels since March 6 in a brutal weekend sell-off. Bitcoin lurched toward $60,000 on March 17 as selling persisted through the weekend. “Constant spot selling” pressures BTC price action Data from Cointelegraph Markets Pro and TradingView showed new BTC price lows of $64,522 on Bitstamp. After hitting new all-time highs during the…
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The government’s transfer occurred the same day Bitcoin breached the $60,000 mark for the first time in over two years. The United States government transferred $922 million worth of Bitcoin from two cryptocurrency wallets that held funds seized from Bitfinex in 2016. The U.S. government’s transfers occurred the same day Bitcoin breached $60,000 for the first time…
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Bitcoin may be “up only” on short timeframes, but seasoned traders are already preparing for a blow-off BTC price top and subsequent bear market. Bitcoin is on the way to $55,000 this week — but warnings of a new bear market are already surfacing. In his latest analysis on X (formerly Twitter) on Feb. 14, popular trader…
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Bitcoin faces a sea of global bank bailouts in the coming years, Tuur Demeester believes — fueling a BTC price explosion to seven figures and beyond. Bitcoin will see a minimum of $200,000 in the coming years and could pass half a million dollars, a popular analyst predicts. In his latest update on long-term BTC price action, advisor…
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