Tag Archives: btcusdt

The widely anticipated approval of over a dozen spot Bitcoin exchange-traded funds (ETFs) in the United States could be a sell-the-news event that would cause the price of BTC to move in the opposite direction. According to the latest weekly report from market analytics platform CryptoQuant, the prediction is substantiated by market participants sitting on high unrealized profits from BTC’s recent ascent. A Sell-the-news Event Applicants for the spot Bitcoin ETFs have been in...

Bitcoin’s price has been consolidating for a while now, failing to continue the significant bullish momentum observed over the past few months. Yet, things are still looking positive for BTC in the short term. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been aggressively attacking and breaking through resistance levels one at a time. Yet, the market is currently consolidating above the $40K level as the bullish momentum has faded away....

Apple, which announced its Vision Pro headset in June, saw its share price grow by 55% in 2023. Meanwhile, Amazon stock gained 79% as its AWS division pushed for AI-focused products. But these leading “Magnificent Seven” tech stocks did not make it into the top ten by yearly returns for 2023. The tech industry stocks that did were all Bitcoin mining stocks. Moreover, Wall Street’s top ten performers this year included not one, not two or three, but four Bitcoin mining...

Bitcoin miners are experiencing significant gains, thanks to a surge in transaction fees that have reached their highest levels since April 2021, primarily driven by the increasing demand for Ordinals inscriptions. The positive momentum in the market throughout this year has served as a valuable recovery for miners, compensating for the challenges faced in the unfavorable conditions of 2022. As such, miners appear to have cashed in on this remarkable rally this month. Bitcoin...

Bitcoin’s price surge has come to a halt following a consistent rally over the last couple of months. Investors and traders are uncertain whether the trend is about to reverse or is only going through a short-term consolidation. Technical Analysis By TradingRage Bitcoin Price Analysis: The Daily Chart On the daily chart, the price has been making higher highs and lows since the rebound from the $20K level back in March. Several resistance levels have been broken to the...

After an extended consolidation phase around the crucial $45K resistance region, Bitcoin’s price is exhibiting slight fluctuations, possibly forming a double-top pattern. The emergence of this pattern could signal a notable downturn in the short term. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart reveals that Bitcoin’s consolidation has prolonged near the critical $45K resistance zone. This significant price range aligns with the upper...

Bitcoin (BTC) and the broader crypto market could have a positive year in 2024 due to the effects of several on-chain metrics. According to a weekly report from market analytics platform CryptoQuant, metrics that could influence bitcoin’s positive trajectory next year include the upcoming halving, growing stablecoin liquidity, the widely anticipated spot Bitcoin exchange-traded fund (ETF) approval, and macroeconomic conditions. Bitcoin Could Have a Positive 2024 CryptoQuant...

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...

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...