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Bitcoin is at risk of a deeper correction to fill the CME futures gap down to $114,000, fueled by profit-taking by whales. Key takeaways: High whale activity on Binance and profit-taking by long-term holders may increase selling pressure and volatility. Bitcoin could potentially drop to fill the CME gap below $115,000. Read more If you…
Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.” New buyers entering the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply, a likely boon for the price of Bitcoin. “Currently, the combined balance…
Bitcoin looks poised for an extended rally to $138,000 according to market cycle history and the current weekly trend. Key takeaways: Bitcoin closed its highest weekly candle at $119,310, then rallied on to $123,100. Short-term holder NAV premium at 16% signals moderate interest, well below FOMO levels. Read more If you liked the article, do…
BTC price action is copying late 2024 — and that could result in fresh 50% gains, one trader says as late Bitcoin shorts feel the pain again. Key points: Bitcoin tags fresh record highs into the weekly close as liquidations punish shorts. BTC price areas of interest include a support test of $115,000. Read more…
BTC price action is copying late 2024 — and that could result in fresh 50% gains, one trader says as late Bitcoin shorts feel the pain again. Key points: Bitcoin tags fresh record highs into the weekly close as liquidations punish shorts. BTC price areas of interest include a support test of $115,000. Read more…
Bitcoin critic Peter Schiff calls Bitcoin a selling opportunity as it hits new highs, high-leverage trader James Wynn deactivates his X account, and other news. Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent…
Bitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst. Key takeaways: Bitcoin is ahead of its long-term “power law” curve, historically leading to euphoric price highs in previous cycles. A falling dollar and anticipated Federal Reserve interest rate cuts may trigger a broader risk-on rally, with Bitcoin…
As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun. Key takeaways: Institutional flows are growing, but retail interest and App Store rankings remain unusually low. A weakening US dollar or major ETF adoption could push the crypto market cap well above its previous…
SUI broke out of an inverse head-and-shoulders pattern, opening the door for a rally to $3.89. Key points: SUI broke above a bullish pattern, opening the gates for a potential rally to $3.89. Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such…
BONK is facing profit-booking near $0.000026, but the pullback is likely to find buyers near $0.000020. Key point: BONK has pulled back after the sharp rally, but no topping signs are visible on the charts yet. Solana memecoin launchpad LetsBonk’s 24-hour revenue surged to $1.04 million on Monday, nearly double the revenue of Pump.fun at…