Tag Archives: Bitcoin (BTC) Price

Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits. However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy from levels seen in past market tops. BTC in Correction Mode The Bull-Bear Market Cycle Indicator flagged an overheated-bull...

The price of Bitcoin (BTC) has likely already bottomed from a sharp pullback that followed new all-time highs last week, according to popular price analyst Willy Woo. The analyst provided a list of “good news” and ”bad news” surrounding Bitcoin’s fundamentals on Thursday, comparing the asset’s recent consolidation to that of past bull market cycles. Has Bitcoin Bottomed Yet? Woo began with a look at Bitcoin’s Spent Output Profit Ratio (SOPR), an on-chain metric gauging...

Bitcoin’s setback below $61,000 triggered a market-wide correction. Despite the inflow of fresh capital, the leading crypto asset registered 15% in weekly losses at one point after hitting new all-time highs earlier this month. QCP Capital’s analysis suggests that the Bitcoin bull market is far from over while simultaneously highlighting a continued liquidity rotation, which is likely to propel the asset to new highs post-halving. Having said that, a “violent” near-term...

Bitcoin’s recent dip to $60.8K mounted concerns about the sustainability of the rally. It was the biggest single-day decline in a fortnight as a result of a decline in inflows of spot Bitcoin ETFs on the same day. The downturn was widespread, with several altcoins following Bitcoin’s suit. Despite this price correction, the bullish sentiment is still prevalent and is backed by Santiment’s MVRV Opportunity & Danger Zone Model, which signals a shift in altcoins’...

2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has been like that in its 15-year history). Its price launched a massive rally at the beginning of 2024 that led to an unprecedented height of over...

In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped. According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some hours before the price of BTC fell more than 7% to $66,000 on Friday and even further on Sunday. Coinbase Premium Flashes Bearish Signal...

Bitcoin’s price has finally corrected after weeks of aggressive rallying. It dropped by around 10% recently, leaving market participants wondering whether a deeper crash should be expected. Technical Analysis By TradingRage The Daily Chart Looking at the daily chart, the price has been rallying over the last few months, consistently making higher highs and lows. Yet, the $75K resistance level rejected Bitcoin lower, and the market is currently dropping below the $68K support...

Just one day after the spot Bitcoin ETFs achieved a notable milestone with a net inflow of $1.05 billion, BlackRock’s IBIT saw inflows exceeding the total outflows of Grayscale’s GBTC for the first time. According to data compiled by SoSo Value, as of March 13th, IBIT’s cumulative inflow amounted to $12.03 billion, whereas GBTC’s cumulative outflows stood at $11.4 billion. BlackRock’s IBIT Inflows Trump GBTC Outflows BlackRock’s spot Bitcoin ETF – iShares Bitcoin Trust (IBIT)...

Bitcoin (BTC) whales have been busy this week taking profits, or at least it appears so. According to on-chain tracker Lookonchain, one wealthy trader made a profit of $217 million on BTC after selling a large amount of BTC on Binance. The whale in question had accumulated and held BTC for several months, specifically since August 2023. As BTC’s price exploded above $40K in January, he sold 4,300 BTC on Binance at an average price of $43K —netting approximately $183M in...

The future is not assured until it has passed, but successful cryptocurrency investors have relied on how powerful the recurring patterns are in these historical trends. Here are 12 Bitcoin halving cycle protips from crypto influencers on X, the social media website formerly known as Twitter. 1. It’s Still Early On This Halving Cycle Like clockwork 😄 #Bitcoin pic.twitter.com/BrZRDsgsLN — Thomas | heyapollo.com (@thomas_fahrer) March 2, 2024 It may feel strange to traders to...