Tag Archives: btcusd

Given BTC price’s continuous rejection of the $35k zone, it is possible that we may witness Bitcoin correction to $31k. The price of Bitcoin has broken through the $35k resistance for the third time since the start of November. It shattered the long-term consolidation range between $25k and $31k on October 22. Although the price has been on the rise since then, the overall signals have been mixed, with some analysts expecting retracements and others anticipating a continued upward trend....

By Shayan Bitcoin’s recent price movement indicates a struggle between sellers and buyers around the significant $35K resistance area, resulting in consolidation with slight volatility. However, a bullish breakout at this level holds the potential for a substantial uptrend. The Daily Chart Upon analyzing the daily chart, Bitcoin has maintained a noticeable uptrend since the beginning of 2023, trending in an ascending channel pattern. The price recently reached the critical...

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the...

Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000. The number of blockchain addresses holding at least $1,000 worth of Bitcoin (BTC), equivalent to 0.028 BTC at the current price of $35,115, has reached an all-time high of 8 million, as reported by data from Blockware Solutions and Glassnode. According to Blockware, this figure could continue to surge as Bitcoin advances in monetization, a favorable long-term trend for the...

Bitcoin’s price managed to climb above the coveted $35,000 level, which seems to be the major target for the bulls throughout the past few days. Meanwhile, some of the altcoins are popping and charting massive gains. Bitcoin Reclaims $35K Bitcoin’s price is pushing above $35,000 in an attempt to reclaim this level once again. At the time of this writing, the cryptocurrency is trading at around $35,100, charting an increase of around 0.8% throughout the past 24 hours. Source:...

Technical Analysis Bitcoin’s price has recently surged above the key $30K resistance level, following a rebound from the $25K support zone. However, a correction seems probable in the short term. The Daily Chart On the daily chart, the price has broken through the $30K resistance level and has aggressively rallied toward the $35K area. Yet, the price is currently consolidating at the mentioned level, pointing to a potential correction in the coming weeks. Moreover, the...

This week has seen a whirlwind of events. Bitcoin’s price seems like the only stable thing in the industry right now, however hilarious that may be. That said, the cryptocurrency is still up throughout the past seven days, but not as much as last week. SBF was found guilty, Solana (SOL) is exploding, and whatnot. A lot happened this week, so let’s dive in. Starting with BTC’s price, the cryptocurrency is trading at slightly below $35K at the time of this writing, marking an...

Earlier this year, Kiyosaki identified three key things that he believes will drive the price of Bitcoin up. Robert Kiyosaki, the entrepreneur and author of the popular personal finance book “Rich Dad, Poor Dad” has endorsed Bitcoin over traditional assets. In a post on social media platform X, the known Bitcoin champion stated that while conventional assets continue to ‘crash,’ Bitcoin has held steady. Kiyosaki shared a ‘lesson’ from his book, condemning the conventional model of earning...

Data from previous crypto market cycles suggests that Bitcoin (BTC)’s dominance over altcoins will likely keep rising over the next several months, according to Glassnode. In a newly published report, the blockchain and market intelligence outlined how the leading crypto asset’s dominance is shaping up against the second largest crypto, Ethereum (ETH), compared to previous years. Ethereum Beating Gold, But Losing to BTC When weighed against gold, Bitcoin has appreciated by...

In 2023, Bitcoin has delivered remarkable gains, surpassing the initial recovery phase and resuming an upward trajectory. The crypto-asset’s price has been hovering a little over $34,000 as it continues to ride on the coattails of spot ETF hype. But it is approaching the overheating zone, something that investors should pay attention to. According to CryptoQuant’s latest analysis, investors should be “cautious” and not “over-bet on their investments. Bitcoin Approaching...