Tag Archives: Bitcoin (BTC) Price

By Shayan The recent upward momentum in Bitcoin’s price encountered resistance upon reaching the significant $37K mark. However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and $35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the $35K resistance zone and the...

The broader cryptocurrency market took a turn for the worse throughout the past seven days as the majority of coins are trading in the red. This comes after weeks’ worth of increases in what seems to be an expected correction. Bitcoin’s price is trading at a 3% loss, tumbling toward $36K at the time of this writing. The leading cryptocurrency was unable to keep up the bullish momentum. It soared toward $38K on Thursday, but it retraced almost as quickly as it skyrocketed. All...

Bitcoin (BTC) plummeted back to $35,100 on Tuesday after briefly rallying as high as $38,000 late last week. The collapse has triggered over $367 million in liquidations across the crypto market in the past 24 hours. According to Coinglass, over $200 million in liquidations have occurred in the past hour alone. Across the day, over 103,000 traders have been liquidated, with the largest being a BTC-USDT swap on OKX valued at $9.45 million. Bitcoin started the day trading for...

Moreover, the total crypto market cap is now worth more than all the silver in the world. After a 4.7% rally for the five days ending Sunday, Bitcoin price is humming right along at the $37,100 level. The world’s original cryptocurrency is trading 38% higher than six months ago. But it’s up even more YTD, with an astounding 123% gain over an average exchange price of $16,600 on January 1. With the Bitcoin market cap in excess of $725 billion, the leading cryptocurrency is now...

TL;DR Price Correlation Evidence: Recent data shows a high correlation coefficient (0.84) between Bitcoin and Ripple prices, suggesting a closer relationship than previously thought, especially compared to the negative correlation between Bitcoin and stock prices. Trading Volumes Indicate Overlap: High daily trading volumes for the XRP-BTC pair on major exchanges like Bitstamp and Binance demonstrate significant overlapping interest among investors in both cryptocurrencies....

By Shayan Bitcoin has been displaying a gradual uptrend, surpassing the $35K resistance region. Nevertheless, the price now encounters several resistance zones ahead, while a bullish breakout has the potential to trigger a significant uptrend. The Daily Chart Upon examining the daily chart, Bitcoin has sustained a noticeable uptrend within an ascending channel pattern, ultimately surpassing the $35K resistance region. In the meantime, a noteworthy development occurred,...

This week has been all about prices, hence the title. It appears that there’s tremendous anticipation for the approval of a spot Bitcoin ETF, which seems to be one of the main explanations given by many experts of the ongoing rally. A lot happened price-wise, so let’s unpack. First things first, it’s important to note that the SEC is currently in a tight window to make a decision on whether or not they will approve a spot Bitcoin ETF. There’s the possibility of more delays,...

Consistent, diligent Bitcoin (BTC) buyers who have stacked sats for two years have greatly outperformed investors in other asset classes – despite entering the crypto market at one of the worst possible times. As of Thursday, dollar cost averaging Bitcoin since November 10, 2021, has put buyers 40% in the green. Bitcoin DCA Is The Way To dollar cost average (DCA) is to consistently buy Bitcoin in equal amounts of fiat currency at regular time intervals (daily, weekly, etc)...

By Shayan Bitcoin’s recent price movement indicates a struggle between sellers and buyers around the significant $35K resistance area, resulting in consolidation with slight volatility. However, a bullish breakout at this level holds the potential for a substantial uptrend. The Daily Chart Upon analyzing the daily chart, Bitcoin has maintained a noticeable uptrend since the beginning of 2023, trending in an ascending channel pattern. The price recently reached the critical...

2The crypto market has showcased an impressive run surpassing traditional in terms of growth as well as resilience. Bitcoin’s price trajectory, for one, offered a compelling glimpse into its robust health. Over the past year, the flagship crypto has [posted over 65% gains. Despite this, the long-term Bitcoin holders (LTHs) are yet to capitulate. Long-Term Bitcoin Holders Stand Firm According to the latest report from Bitfinex Alpha, the diminishing Coin Days Destroyed (CDD)...