Tag Archives: Bitcoin (BTC) Price

The past seven days have mostly been centered around Bitcoin and the aftermath of the ruling in the case between Ripple and the United States Securities and Exchange Commission. That said, the total market capitalization declined by some $11 billion throughout the same period, as investors are wary of future uncertainty. Bitcoin’s price has largely remained around the $30K area – a pivotal level that’s consisted of significant technical but also psychological resistance. BTC...

Recently, the market has been relatively uneventful, with Bitcoin’s price showing slight volatility but lacking a clear direction. This uncertainty has left traders puzzled about what the next move might be. However, if Bitcoin’s price breaks above the $30K resistance region, there might be a positive turn, leading to a potential long-term uptrend. Bitcoin Price Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, a bearish double-top pattern is visible...

The latest influx of Bitcoin (BTC) spot ETF applications in the United States is certainly generating hype, but some analysts are split on whether that excitement is warranted. While many claim approval will invite a new wave of investor capital into the asset, others think it may only amount to a sell-the-news event. The Bearish Case for a Bitcoin Spot ETF In an interview with Bloomberg, FLX Networks Managing Director Jillian DelSignore questioned whether a Bitcoin spot ETF...

Bitcoin’s price has exhibited significant volatility recently, surpassing its previous minor swing high while simultaneously encountering substantial rejection. Nonetheless, the price is approaching a crucial area, with the overall price action signalling a bearish outlook. By Shayan The Daily Chart A thorough analysis of Bitcoin’s daily chart reveals the formation of an evident bearish double-top pattern near the major resistance region of $30K. Additionally, the price is...

Bitcoin (BTC) quickly fell back to $30,000 on Friday as market hype surrounding the court’s recent ruling on XRP has begun to fade. The volatility has triggered $245 million in liquidations across the entire crypto market in the last 24 hours, according to CoinGlass. Most liquidations occurred across a combination of BTC, Ether (ETH), and XRP trades. XRP exploded 75% on Thursday after a judge delivered summary judgment in its lawsuit against the U.S. Securities and Exchange...

After the recent surge in Bitcoin’s price and the successful breakout above the significant $30K resistance level, the market is now undergoing a period of consolidation. However, noteworthy signals are emerging during this phase. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has repeatedly tested the $30K level since breaking above it recently. While this level has provided support so far, there are concerning indications in the form of a...

With less than a year remaining until Bitcoin’s fourth ever halving, speculation has already begun on whether this one will be followed by the same or similar bull runs as the previous ones. In-depth data shows that the asset’s price performance has been rather identical before and after the last two such events. The Halving Effect Upon creating the network, the anonymous developer Satoshi Nakamoto incorporated an event called the halving, which occurs every 210,000 blocks...

Bitcoin (BTC)’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research. The firm published a report this week exploring drivers behind the asset’s strong performance in Q2, examining both market structure and on-chain data. Who Is Buying Bitcoin? As the report states, Bitcoin’s present tailwind to two critical events this year: the banking...

Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks. Mining Stocks Are Booming Shares for multiple publicly traded Bitcoin miners surged on Friday, including CleanSpark (CLSK; 11.32%), Riot...

Bitcoin has been struggling to surpass the significant resistance region of $30K for some time now, despite an overall bullish outlook. Recent price movements have shown bearish signals that could potentially lead to a short-term reversal. Technical Analysis By Shayan The Daily Chart Bitcoin’s bullish rally has come to a halt upon reaching the crucial resistance region of $30K. This price range holds significant psychological resistance and has acted as a major barrier to the...