Tag Archives: Bitcoin (BTC) Price

The Bitcoin price has been relatively stagnant in the past few days, hovering around $19,000 without much movement. This might all be about to change soon as whales appear to have sent a huge amount of BTC to spot exchanges. Data from the popular cryptocurrency analytics resource CryptoQuant reveals that the inflows to spot exchanges have soared. This comes mainly from whale addresses holding between 100 and 1000 BTC, who have been sending BTC to exchanges in large...

The crypto market continues to go through a phase of uncertainty and low volatility alongside steady price action. Currently, Bitcoin is trapped in a range, and the direction it takes to break away from it would determine the cryptocurrency’s mid-term direction. Technical Analysis By Shayan The Daily Chart Despite the descending multi-month trendline acting as significant resistance, the price has broken through and formed a pullback. However, at this moment, the bullish...

Just as Bitcoin began to show some bullish potential for a possible trend reversal, the price got rejected from the significant resistance level of $20K. BTC is in a crucial zone, as the price action in the next few days could determine the short-term to the mid-term trend. Technical Analysis By: Edris The Daily Chart The bitcoin price recently rebounded from the $18K support level and broke above the significant bearish trendline that started forming when BTC touched the...

Stocks started off the week in a rally, with wide benchmarks like the S&P 500, NASDAQ Composite, and Dow Jones posting gains. But the rally fell off with a sharp pullback Friday on new worries of increasing Fed rate hikes. The retracement was nearly enough to wipe out the gains from earlier in the week, but not quite. Stocks Yikes: Strong Jobs Data Could Mean More Fed Rate Hikes As Joe Rennison and Isabella Simonetti at the New York Times explain, new hires slowed some in...

The payroll and job reports from the world’s largest economy were slightly above expectations for September. However, BTC reacted with a sharp price decline, as it typically happens when the US publishes any sort of data lately. Although the numbers for September are below August and the average for 2022, the States added 263,000 new jobs during the month, and the unemployment rate decreased to 3.5%, said the Bureau of Labor Statistics. These figures are slightly above...

Bitcoin’s price appears to be stuck in a relatively wide range between $18,000 and $24,000 for the past couple of months, and it’s unable to escape. Meanwhile, data from the popular cryptocurrency analytics resource, Glassnode, revealed the average price that whales have been accumulating since January 2017. According to Glassnode, Bitcoin whales bought Bitcoin at an average price of about $15,800 for the period between now and January 2017. To be precise, these are wallets...

The market is currently attempting a recovery that might take the price up to $22K after being supported by the critical $18K level. However, there is significant resistance at around $20K. The bearish phase appears far from over as the substantial lack of demand in the market continues. Technical Analysis By Shayan The Daily Chart The descending multi-week trendline (currently at $20.5K) has been acting as significant resistance to the price for the past five months....

The Bitcoin closed a daily candle above $20,000 on Tuesday, marking the highest daily close in about 24 days. That’s after trading range-bound from the $19K to $20K level for the latter half of September. Foreign pressure on the Fed to slow rate hikes and a low supply of bitcoin on crypto exchanges rallied the price of BTC. The Near Term Assessment of Bitcoin Traders As markets watch the price of BTC move on crypto exchanges this month, traders are assessing bitcoin’s...

The creator of the bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary cryptocurrency was hovering around $20,000. Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed bitcoin dead in the past several months. However, PlanB revealed that each of his crypto investments was at a time when pessimism was reigning. PlanB...

Bitcoin has yet to make a decisive move in any direction as the primary cryptocurrency continues to wrestle with the $18K support level. A bearish breakout below this position could be disastrous. Technical Analysis By: Edris The Daily Chart Bitcoin’s price overlaps with crucial support on the daily timeframe, as it oscillates in a very tight range between the significant descending trendline and the $18K support level. With minimal wiggle room between these levels, a...