Bitcoin has started giving positive indicators of a direction, with analysts indicating that an inverse head and shoulders pattern has formed on the 2-day chart. Crypto Patel believes that if this pattern is completed in full, Bitcoin could experience an upside movement of 49%, reaching a value of $171,000. According to the analysis, the left […]
btc market
Could Bitcoin’s $44B Transaction Volume Signal a Price Surge or Drop?
On June 1st and 2nd, the Bitcoin network processed three big transactions that could signify upcoming changes in the market. Santiment reports that such inflows and outflows played a significant role in Bitcoin’s attempt to rise above $107K. The total transactions reached an enormous $44.03 billion, indicating that the market is very polarized. Analysts and […]
Is Bitcoin’s Bull Run Over? Tariff Fallout Causes Uncertainty for Crypto Investors
Bitcoin (BTC) price volatility has been experienced after U.S President Donald Trump announced that he would impose tariffs of over 50 countries. Bitcoin has been unable to sustain the upward trajectory even with big buyers like Strategy’s Michael Saylor. As pointed out by Daan Crypto Trades, this is partly due to Coinbase Spot Discount, meaning […]
Is Bitcoin Heading Toward a Bear Market or a Bullish Reversal?
Bitcoin (BTC) has remained under immense pressure below key levels as the bulls have not been able to kick-start a recovery rally. On X post on Saturday, Daan Crypto Trades predicted that Bitcoin’s price may not predictably move up or down this weekend and may range. As volatility remains relatively low and there is less […]
Bitcoin Whales Accumulate 65K BTC: Is a Mega Rally Incoming?
In the ongoing market correction period, more significant bitcoin whales are increasing their buying activity. Average the decisions made by large holders also state that in the last 30 days, they have purchased more than 65k BTC showing the positive sentiments of big whales. This removes miners and exchanges from the picture, which indicates that […]
Bitcoin’s Bullish Patterns: Will $106K Unlock Massive Gains?
Bitcoin is trading within the $94,000 and $100,000 range at the moment, and many traders are turning their focus to the next direction of price movement. Analyst Captain Faibik presented several observations on the market, and two of those are still significant: Ascending Broadening Wedge and Ascending Triangle. Therefore, both patterns give indicators of an […]
Could Bitcoin’s Recent Highs Set the Stage for the Ultimate Altcoin Rally?
Bitcoin is at a crossroads as it approaches the CME Gap with the possible target of $104857. The price has been ranging, however, most traders are paying a lot of attention to the gap that may be closed as Bitcoin rises. In the long run, these gaps are usually filled up and the market retrace […]
Bitcoin’s (BTC) January Struggles: What History Tells Us About Its Next Move
The price of Bitcoin (BTC) has recently taken a tumble and has fallen from the $102,000 mark to the $95,000 mark. This 7% decline has triggered some concerns among investors since the asset remains under pressure thus trading through lower highs and lower lows. According to Rover, this movement is a significant challenge for Bitcoin, […]
Bitcoin Consolidates at $92K: Is the Next Move Up to $100K or Beyond?
Bitcoin remains enclosed in a massive consolidation zone, now extending for 38 days. This sideways movement has been prolonged and is seen by many market commentators as indicating another price change is imminent. One of the major new patterns is the formation of a CME gap, which can be considered as a technical indicator of […]
Bitcoin’s Wild Ride: Key Lessons for Long-Term Success
The last few months of 2024 saw the rise of Bitcoin and its subsequent volatility, and people are still raving about it. Santiment recently provided an analysis of the focus of the crypto community when it comes to the price of Bitcoin whereby the community has been most active at the $90K, $100K, and $110K […]