Tag Archives: Bitcoin (BTC) Price

The Bitcoin Fear and Greed Index – a metric that determines the community’s general sentiment on the primary cryptocurrency – spiked to a state of “Neutral” for the first time in nearly nine months. The increase comes as a result of BTC’s positive start in 2023. At Last, out of the ‘Fear’ Zone The Bitcoin Fear and Greed Index tracks multiple segments, including price volatility, social media comments, surveys, and others, to display the momentary investor sentiment toward the...

Bitcoin’s price has gained significant bullish momentum and recovered from the drop caused by the FTX fallout. Yet, it has reached a robust resistance, and if the bulls push the price above it, a mid-term uptrend will become possible. Technical Analysis By Shayan The Daily Chart Bitcoin’s price continued its rally after overtaking the 50 and 100-day moving averages. It has also surpassed the wedge’s upper trendline reaching a decisive resistance level with considerable...

The Bitcoin price has taken a battering over the past year. But at the same time, its volatility is at a historic low. Will BTC critics finally admit it’s a currency yet? Crypto markets are making a rebound in January, but there’s no certainty as to whether the bottom is in. Nearly all the major cryptocurrencies are up by double digits on the seven-day chart. The Bitcoin price has soared over 20% to breach the $20,000 level. Crypto Markets Explode to Start 2023: BTC Surges...

There’s a crypto study out of South Korea recently of Chinese Bitcoin arbitrage traders and Korea’s “kimchi premium” on Bitcoin prices. Its characterization of the cross-border Bitcoin trade and recommendations miss some key economic foundations. A recently published crypto study by Incheon National University and the Bank of Korea is making the rounds. The authors found a strong correlation between the “kimchi premium” and international remittances to China. ‘Kimchi Premium’...

Glassnode released its first on-chain video report of 2023 on Tuesday, reviewing what could be data-based indicators of an emerging crypto bull market.  The firm noted that both Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began – a period like others that have historically preceded “explosive market moves.” Starting Off Slow As explained by Glassnode’s lead analyst James Check, Bitcoin has been stuck trading within a roughly $550...

Bitcoin is pushing against the $20k price level for the first time since early November, prior to FTX’s collapse. As of 22:28 UTC, Bitcoin traded at $19,962, up from roughly $18,800 at the start of the day. Its price climbed especially fast 21:34 UTC, when it sprang from $19,450 to $19.823 within 5 minutes.  Liquidations remain high, with $70 million across 45,000 crypto traders being cleared within the past hour, according to Coinglass. The largest liquidated trade within...

Bitcoin has returned to $19,000 for the first time since October, soaring beyond its low trading range established after FTX’s collapse. The move has many on crypto twitter calling for a new bull market – though some believe it’s a bull trap.  Bitcoin traded for $17,911 early on Thursday, experiencing some volatility after December’s CPI inflation clocked in at 6.5%.  The asset pumped by roughly $1000 at about 17:35 UTC, and has maintained its elevated price level since then....

The consumer price index excluding food and energy (core CPI) numbers will be released by the United States government on Thursday, January 12. Although the most recent months saw a decline in the inflation rates compared to the peaks in the summer of 2022, the estimates still show a painful picture. Here Are the Expectations The upcoming CPI numbers will play a crucial role in the US Federal Reserve’s decision on whether to continue its current monetary policy of raising...

With the turnover of the new year, Bitcoin price analyst predictions are out. Meanwhile, a survey of the damage from the protracted 2022 crypto winter shows 70K fewer BTC wallet addresses with $1 million USD worth of Bitcoin or more. It has now been over a year since Bitcoin’s (BTC) last all-time price high of $68,789 on November 10, 2021. Since then, at today’s fair market price on crypto exchanges of around $16,900 for the coin, the Bitcoin price had declined 75% from the...

Bitcoin’s price has broken above a significant moving average which has been acting as a resistance over recent weeks. The market seems ready to rise higher in the coming week if the remaining negative factors do not hinder the forming momentum. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has closed above the 50-day moving average to the upside at last, after failing to do so and getting rejected multiple times over the last few weeks. This...