Tag Archives: Bitcoin (BTC) Price

Bitcoin’s price went through a near-term pullback that was largely driven by leverage long liquidations. It sent the open interest down $1.5 billion. There are no signs of aggressive distribution from long-term holders (LTHs) aside from very light selling from the 7-to-10-year cohort. Older coins didn’t send through this pullback. The cup and handle pattern looks complete with a backtest of the previous resistance at $64.8K, which is now turned into support. Chart by...

Today was looking to be a good day for Bitcoin and the entire cryptocurrency market, but the bears had a mind of their own. Earlier today, we reported that Bitcoin’s price painted a new all-time high above $69K, while the remaining cryptocurrencies were also painting notable increases. Fast forward a few hours later, though, and we’re now looking at love $700 million worth of liquidated positions as BTC takes a nosedive and dips below $63K. Chart by TradingViewEven though the...

After being stuck around $66,000, bitcoin initiated an impressive leg up, added $3,000 of value in minutes, broke its previous all-time high, and registered a new one at $69,000. CryptoPotato reported less than 48 hours ago when the primary cryptocurrency broke its October ATH of $67,000 and painted a new all-time high at $68,600 (on CoinGecko). The asset calmed in the following day and a half and remained around $66,000 following a minor retracement. However, it seems the...

Yesterday, Bitcoin’s price surged past $65k and consolidated just below the previous all-time high set on October 20, 2021. Moments ago, the primary cryptocurrency took off and as of writing these lines, the BTC price recorded a new all-time high above $67.8K, according to Bitstamp exchange. This comes shortly after the total cryptocurrency market cap crossed the $3 trillion milestone for the first time, whereas Bitcoin’s market cap is entitled for 43.6% of it. Furthermore,...

Bitcoin is up 7.6% in the past seven days, but it charted 6% gains in the past 24 hours alone in a very formidable push. However, it’s worth noting that we need to see a daily close above $64.8K, as well as a potential confirmation on the weekly chart to have more confidence in the current rally. Chart by TradingViewThe Technicals Bitcoin is currently pushing above the important resistance level at $64.8K on the intraday, and it’s looking to complete the cup and handle...

In the past few days, we saw Bitcoin’s price nearly touching $60K again and it’s now important to reclaim the 21-ay MA in the near term. Meanwhile, the strong resistance continues to lie between $63.7K and $64.8K. The ideal scenario for BTC bulls would be to complete the cup and handle breakout above $63.7K and $64.8K, which should send the price to the range between $70K and $80K. There are still no signs of a distribution trend forming but we did see some light...

Bitcoin’s indecisive price movements have continued in the past 24 hours, with the cryptocurrency staying above $60,000. Binance Coin has been among the best performers from the larger-cap alts as the asset has neared its ATH. BNB Eyes New ATH; AVAX Up 12% Most alternative coins were slightly in the red yesterday, as reported, but the landscape is relatively different today. Ethereum had fallen below $4,500, but a minor 2% increase on a 24-hour scale has driven the...

Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...

With a highly positive October already gone, all eyes in the cryptocurrency community are on November, which history shows has delivered the most significant gains for bitcoin. At the same time, numerous analysts expect BTC to continue breaking its own records and even tap a six-digit price by the year’s end. Another Bullish November? After September’s minor price losses, in which bitcoin dropped by 7%, the community placed a lot of faith in October (commonly referred to as...

Bitcoin continues to hold the 21-day, 21-day EMA, and $60K levels which is a near-term positive signal. There has been some profit-taking from the 2-to-3-year and 5-year old coins, but there’s no trend of distribution forming just yet. Overall, the trend in fundamentals and based on on-chain metrics remains bullish, but we have to remain cautious as the Fed will be making an update on tapering bond purchases. Chart by TradingViewThe Technicals The near-term technicals are...