Tag Archives: Bitcoin (BTC) Price

Bitcoin’s price could add 60% of value in the next 30 days to close just shy of $100,000, predicted the analyst behind the popular stock-to-flow model, PlanB. He was spot on in regards to the September BTC close price and was agonizingly close in October. Bitcoin to Near $100K By November’s End? PlanB is among the most popular analysts in the cryptocurrency community, best known as the person behind the stock-to-flow model. It sees the stock as the size of existing reserves...

October has so far been a solid month for BTC, currently higher by 40% for the month, after the September shake out. The overall trend in fundamentals and on-chain remain firmly bullish, as long-term holders and miners continue to show no signs of aggressive distribution. The conditions continue to look very similar to BTC’s situation in November 2020, right before a new all-time high was achieved. However, we must remain cautious in the near term as spot inflows have been...

After another failure at $63,000, bitcoin has headed south and is close to testing $60,000 once more. Most alternative coins have also bled out in the past 24 hours, including a substantial drop for Dogecoin and Shiba Inu. Will BTC Retest $60K? The primary cryptocurrency went through a roller-coaster on Thursday when it plummeted from $61,500 to $56,500 in minutes. This came after recovering from the latest sub-$60,000 price slump. However, the asset bounced off just as...

After another day of enhanced volatility, bitcoin touched $63,000 but has retraced with a few thousand dollars since. Ethereum marked another all-time high above $4,400 before correcting as well, while Binance Coin has surged to north of $500. ETH’s Latest ATH: BNB Up 8% Ever since BTC tapped its new all-time high last week at $67,000, all eyes in the cryptocurrency community were on the second-largest digital asset whether it could do the same. And it took ETH more than a...

The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin. In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the...

Bitcoin’s price went through a lot in the past few days. Last Wednesday, exactly a week ago, the cryptocurrency painted a fresh all-time high at roughly $67K (on Bitstamp). Now, BTC is trading at around $59K, having dipped to as low as $58K for a 13% decline since its peak. With this, it’s important to examine what caused the correction and if the bullish sentiment remains intact. The below summarizes what happened today, its cause, and what can be expected based on the...

The cryptocurrency market took a hit today as its capitalization lost around $150 billion in the past few hours. This also saw a little over $900 million worth of long and short positions liquidated. As we reported earlier today, bitcoin’s price tumbled below $60K and tested the support found at $58.3K. This sent the entire market downwards as almost all cryptocurrencies saw double-digit declines with the exception of a few. Shiba Inu’s SHIB, AAVE, and 1inch were the major...

The near-term pullback managed to find support at $59.5K and successfully held $60K on a daily closing basis. The significant rally with elevated open interest, high funding rates, and leverage ratios were all signals of caution. The open interest has been consolidating around $14.3 billion, and the funding rate also cooled down to neutral levels. The leverage ratio remains elevated, and it hit a recent high of .19 which is near the November 2020 peak. Chart by...

Bitcoin’s price finally entered a correction to flush out the leverage, cool off the overbought conditions, and help build a structure after the large rally in the past three weeks. This happened after the open interest, funding rates, and leverage ratio all reached elevated levels. The near-term support at $60K appears to be holding, which is a positive signal. Given the current selling pressure, it’s unlikely that the weekly close will be above $64.8K. Chart by...

Bitcoin dipped below $60,000 once again in the past 24 hours but has recovered and currently stands above it. Most altcoins are also untypically calm this weekend, with ETH sitting north of $4,000. Shiba Inu, though, charted a new all-time high hours ago. Bitcoin Remains Above $60K All crypto eyes in the past few weeks were on the launch of the first-ever Bitcoin Futures ETF in the United States. After years of waiting, the Securities and Exchange Commission finally allowed...