Tag Archives: Bitcoin (BTC) Price

Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term. Meanwhile, the Relative Strength...

Bitcoin’s price suffered a substantial correction today, a day after it finally broke above the coveted $50,000 line. This has resulted in a large number of liquidated traders, as well as over $200 million of wrecked positions on a daily scale. BTCUSD. Source: TradingViewAfter a positive last week, in which BTC soared from $43,000 to over $48,000, the asset had a relatively quiet weekend, standing at around the latter. Monday started with a minor retracement that drove the...

Bitcoin (BTC) broke a two-year high above $50,000 on Monday – the highest recorded price for the leading digital currency since December 2021. The coin’s surge was accompanied by $191 million in liquidations across the crypto market within the past 24 hours. According to Coinglass, over $36 million in crypto shorts have been liquidated in the past hour alone. Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on...

Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome before eventually claiming the target. According to the popular on-chain intelligence platform Intotheblock, Bitcoin is eyeing the $50,000 mark...

Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs in the United States. ETFs Behind BTC’s Upcoming Rally? Ever since the entire crypto community and a bigger part of the traditional financial world started realizing...

On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low despite a significant decline in transaction fees. According to the firm’s latest weekly report, Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November and December 2023. Bitcoin Miner Selling Pressure Remains Low Bitcoin miner selling pressure has stayed low in...

Bitcoin witnessed significant developments in recent weeks that have helped it extend its rally, surging past $47,000 for the first time in nearly a month. The uptick has brought a sense of relief for its investors, who recently endured a brief plunge to 38,500 and now find themselves comfortably in the profit zone amidst market recovery. Interestingly, the latest data by a CryptoQuant analyst suggests that the market is approaching a “turning point.” Where Is Bitcoin...

With the fourth halving event scheduled for April this year, speculation about Bitcoin’s future trajectory is rampant. One notable voice in this conversation is Charles Edwards, the founder of hedge fund Capriole Investments, who has made a striking prediction – if Bitcoin’s post-halving returns mimic those of 2020, the market could be witnessing a staggering $280,000 valuation within the next year. 2020: “Worst Bitcoin Bull Market” Matching the exceptional performance seen...

A recently released study by Bitget focusing on the upcoming Bitcoin halving event indicated a positive outlook as market conditions continue to recover. With the Bitcoin halving scheduled for April 2024, investors across the world are carefully analyzing its potential impact on their investment decisions. The research involved a diverse array of contributors hailing from West Europe, East Europe, South East Asia, East Asia, MENA, and Latin America, comprising a total of...

The US Securities and Exchange Commission made history in mid-January when it finally approved nearly a dozen spot BTC ETFs to launch on local exchanges after a decade of delays and rejections. There was a big price run-up ahead of the approvals that resulted in a highly positive Q4 ’23 for BTC. However, the landscape changed on the day the ETFs launched in the US, and Bitcoin slumped by over ten grand in the following weeks. Has the asset finally bottomed? The ETF Aftermath...