Tag Archives: BTCEUR

What a week! Better yet, what a month! Did you know that Bitcoin has never had a month as good as February 2024? That’s right, the cryptocurrency closed its best-yet candle, and we haven’t even gone through the halving yet. The pre-halving anticipation of higher prices is palpable as spot Bitcoin ETFs continue to see outrageous inflows. The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven...

Bitcoin’s price has been making higher highs and lows consistently over the past few months. However, the market is currently consolidating around a key resistance level, failing to continue higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been breaking through several resistance levels since rebounding from the $40K support zone. Yet, the market is currently hovering around the $52K resistance level. While there are no serious...

Bitcoin’s price has entered a sideways consolidation phase following a notable surge toward the $52K resistance level, leaving market participants uncertain about its next direction. However, a short-term correction seems likely. Technical Analysis By Shayan The Daily Chart Analysis of the daily chart reveals a prolonged bull market for Bitcoin, characterized by its upward movement within a clearly defined ascending channel. This pattern indicates strong buyer dominance,...

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week. Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading...

Bitcoin’s price has been rallying consistently over the last few weeks, breaking past several resistance levels. Yet, some worrying signs are starting to emerge. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has rallied toward the $52K resistance level after a rebound from $40K earlier in January. While the market is testing the $52K level, the Relative Strength Index is demonstrating a clear overbought signal. This could point to a...

The weekend isn’t treating Bitcoin’s price right as it has tumbled below $51K, erasing some of the gains achieved during the rally in the past few days. As seen in the chart below, the price took a turn for the worse in the past few hours. Source: TradingViewData from CoinGlass reveals that this has also sent ripples through the derivatives market, liquidating a total of $122 million in the past 24 hours. As it’s expected, the volume of these moves is significantly lower...

The past seven days in the cryptocurrency market have been absolutely blasting. The total capitalization soared above $2 trillion for the first time in a long while, as the entirety of the market charts considerable gains. Bitcoin seems to be ahead of the pack for the most part, charting an increase of more than 10% in the last week. At the time of this writing, the price hovers right around $52K, but it went above it on numerous occasions in the past 24 hours. The massive...

Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin Trust (GBTC) dominated the spot ETF market, commanding over 50% of trade volumes. However, recent...

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel. This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024. Technical Analysis By Shayan The Daily Chart Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has...

Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term. Meanwhile, the Relative Strength...