In the wake of the Bitcoin halving in April, the cryptocurrency market has been abuzz with anticipation of a major price breakout for Bitcoin. Despite reaching a peak of $71,443 in the past week, Bitcoin faced a retracement, dropping to as low as $66,936. Renowned analyst Rekt Capital recently shared insights into the price movement
Bitcoin
The recent fluctuations in the Bitcoin price, dropping from $71,000 to $67,000, have prompted crypto analysts to closely examine the technical indicators to determine where the price might be heading next. According to one analyst, the cryptocurrency has reached a critical zone, with key levels that could provide insight into its future direction. The break
Bitcoin whales, a category of investors holding between 1,000 and 10,000 BTC, have demonstrated unwavering bullishness in the flagship cryptocurrency. In the last seven days, these whales have accumulated a substantial 20,000 BTC ($1.4 billion) despite the heightened volatility in Bitcoin’s price. This accumulation coincides with Bitcoin’s recent surge above $70,000, indicating a strong belief
Bitcoin, the leading cryptocurrency, has captured the attention of many investors and traders due to its volatile nature. Recently, a crypto analyst known as ‘CrediBullCrypto’ has put forth a bold prediction of an ultra-bull scenario for Bitcoin, suggesting a potential price rally above $80,000 in the current market cycle. This forecast is based on key
Glassnode, an on-chain analytics platform, recently shed light on the reasons behind Bitcoin’s price drop below $70,000. According to the platform, the flagship cryptocurrency is not experiencing enough demand, which could potentially hinder its ability to reach new all-time highs. Glassnode’s market reports indicate that the influx of new capital into the Bitcoin network has
The cryptocurrency market has been buzzing with optimism as investors eagerly anticipate the peak of the ongoing bull cycle for Bitcoin. Crypto Con, a well-known crypto analyst and enthusiast, has made predictions about when Bitcoin will reach its highest point based on historical data and market trends. These insights have provided valuable information for investors
Bitcoin whales, the large investors with significant holdings of BTC, have been making waves in the cryptocurrency market by taking advantage of every dip in the price to acquire more tokens. Thomas Fahrer, co-founder of Bitcoin-based company Apollo, recently made a startling revelation about the buying behavior of these whales during price drawdowns. While smaller
Institutional investors have been showing a growing interest in Bitcoin recently, with investment funds related to the cryptocurrency experiencing significant inflows. CoinShares’ latest weekly report revealed that Bitcoin investment products received a net inflow of $942 million. This surge in investment is seen as a bullish signal that could potentially lead to a Bitcoin rally
Bitcoin, the world’s largest cryptocurrency, is showing signs of a potential rally, sparking optimism among crypto analysts. One of the key indicators that point towards a bullish trend is the Stablecoin Supply Ratio (SSR) Oscillator. This unique technical tool compares the supply of stablecoins to Bitcoin, providing valuable insights into market sentiment. The SSR Oscillator
Bitcoin, the leading cryptocurrency, experienced a 2.9% price increase on Friday, surpassing $67,000 for the first time since April 24. This surge has been linked to low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin’s price is influenced by various factors, including the supply of stablecoins. According to the blockchain