Tag Archives: btcusd

Bitcoin’s price has recently found a stable range around the critical resistance level of $45K, indicating a bullish sentiment among market participants. However, there is a possibility of a short-term decline, potentially pulling back towards the $40K support level. Technical Analysis By Shayan The Daily Chart A close look at the daily chart shows that Bitcoin’s upward trajectory has faded upon reaching the critical $45K resistance zone. This level coincides with the upper...

The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry. Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that saw the S&P 500 index closing 1.42% lower on the day. This drop, albeit unsurprisingly, was enough to impact riskier assets like Bitcoin and the...

CryptoQuant says factors like the halving, ETF, approval, and rate cuts, could push Bitcoin to $160K next year. Analysts are bullish on the potential of Bitcoin (BTC) for next year, indicating several factors that could pump the price to $160,000. According to a blockchain analytics firm CryptoQuant report, Bitcoin may already be on its way to more than double its current all-time high (ATH). Multi-Factorial Push for Bitcoin, According to CryptoQuant CryptoQuant highlighted several...

By removing barriers that have discouraged participation, Saylor predicts that Bitcoin spot ETFs will lead to a surge in demand as previously untapped capital flows into the limited cryptocurrency market. According to MicroStrategy Chairman Michael Saylor, the upcoming Wall Street launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) is a significant event. Saylor recently stated on Bloomberg that he believes these new funds could be the most significant development in the investment...

“I think Bitcoin is going to go into the stratosphere,” Saylor commented when asked about Bitcoin’s 56% value surge since October. During a recent interview with CNBC, Michael Saylor, the Executive Chairman and co-founder of MicroStrategy Inc (NASDAQ: MSTR), expressed his unwavering confidence in Bitcoin’s (BTC) long-term path. He highlighted certain fundamental aspects that will position BTC as the digital equivalent of gold, making it a crucial component of institutional investment...

Bitcoin’s price has been consolidating recently, following months of bullish movement. The market is testing a key support level at the moment as things are getting tricky for a potential continuation to the upside. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been aggressively rallying since a break above the 200-day moving average back in October. Multiple resistance levels have been broken through, and the market participants are...

Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...

The head of Franklin Templeton’s digital asset and industry advisory services sees ongoing adoption of BTC by nation-states and emphasizes its potential to surpass CBDCs in efficiency for national treasuries. A strategist from Franklin Templeton, a global investment firm, predicts a future where every national treasury holds Bitcoin (BTC), envisioning the cryptocurrency becoming the fundamental unit of trade. Sandy Kaul, the head of Franklin Templeton’s digital asset and industry advisory...

With the Bitcoin mining landscape gaining steam, the competition is heating up and the most positioned miners will be the biggest beneficiaries moving forward. Today the price of Bitcoin (BTC) is down. The major crypto asset is treading below $41,000 this morning. The main crypto stocks in the pre-market are also in the red zone. Coinbase Global Inc (NASDAQ: COIN) is down 3% and is trading at around $143. MicroStrategy Inc (NASDAQ: MSTR) stock is down over 3%, trading at $551. Marathon...

The price of bitcoin (BTC) has entered a correction phase following the asset’s rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction Phase One of the metrics is CryptoQuant’s Bull-Bear Market Cycle Indicator, which has entered the red area for the third time this year....