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“# Classic technical indicator foresees another massive Bitcoin price drop with $16K target ” Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to a classic technical…
“# Bitcoin hits $38K as BTC price breaks above ‘line in the sand’ resistance ” Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility saw a critical bull level return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong belief” in upside incoming Data from Cointelegraph Markets Pro and TradingView showed…
“# Standard Chartered plans European crypto exchange after HSBC says ‘no’ to industry ” United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say. According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for…
“# Pre-2019 Bitcoins now make up just 44% of the BTC active supply ” Bitcoin (BTC) is less active than at any time this year, new data shows as traders stubbornly refuse to sell. One metric from on-chain monitoring resource Glassnode reveals that the Bitcoin supply is becoming less and less available despite lower prices….
“# 3 potential bullish catalysts for Ethereum price in June ” As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May. The major move downhill in the world’s second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem…
“# Bitcoin price D-Day starts ‘any moment,’ says trader, as BTC reclaims key level ” Bitcoin (BTC) is nearing the end of a consolidation period, which traders are betting will spark a fresh bullish breakout. In a tweet on Tuesday, popular trader Crypto Ed became the latest voice in the expanding bullish movement calling time…
“# Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle ” Bitcoin (BTC) may have just had its worst monthly candle in ten years, but it could yet surge to new all-time highs this year, says popular analyst PlanB. In a tweet on June 1, the creator of the stock-to-flow-based…
“# Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop ” Bitcoin (BTC) faces the prospects of falling further even after its price made a strong recovery after crashing from $65,000 to $30,000 in May 2021. So, it reflects in the latest statements from Peter Brandt, chief executive of global trading firm…
“# Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders ” Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that…
“# How relevant is the $900M open interest on Bitcoin options above $100K? ” Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-term derivatives. There are currently over $900 million in call (buy) options aiming at $100,000 and higher,…