On Wednesday, Bitcoin (BTC) stabilized around $109,500, waiting for the minutes of the meeting of the U.S. Federal Reserve. The market was at a quiet position, and there was no volatility trigger. Market participants are awaiting hints regarding interest rate reductions that could alter the cryptocurrency sentiment in the coming weeks. The upper range level […]
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Bitcoin’s Road to $110,630: 365-Day MVRV Signals Bullish Momentum
The momentum in the Bitcoin market is on the positive side, leading to the bounce off that MVRV (Market value to realized value) ratio has experienced the 365-day simple moving average. This move was emphasized by CryptoQuant, one of the most popular blockchain analysis platforms. The rebound of the MVR above this important level has […]
Bitcoin Bull Run: Accumulation and U.S. Policy Point to $162,000 Target
The next major bull run of Bitcoin could happen sooner than imagined. A combination of past trends, technical indicators, and new U.S. policies is coming into the spotlight, identified by crypto analysts. According to them, these conditions have the potential to drive Bitcoin to 162,000 dollars. The concept is taking shape with the increase in […]
Bitcoin Faces Critical Support at $93K: Can Bulls Stage a Comeback?
Bitcoin (BTC) has declined significantly to below the 100K mark at its current price of 99.1K. With the steep decrease of the cryptocurrency, there have been worries about a new negative trend. Having struggled to break $105K, Bitcoin now has traders looking at the next support level at the 93K mark. The situation will continue […]
Bitcoin Price Surge: Will It Reach $130,000 by June? Experts Weigh In
Bitcoin has caught everyone’s attention this month as experts predict it could reach notable price highs. According to Analyst Plan B, Bitcoin might move above $130,000 in June if the RSI moves to 75. This point is important for BTC to continue growing and uphold its rise in the market. This goal could mark the […]
Bitcoin Poised for Major Breakout: Will It Hit $110K or Drop Below $103K?
Bitcoin (BTC) is preparing for a vital week as the market continues to consolidate. Over the last two weeks, Bitcoin has mostly stayed stable, and investors have been accumulating at both the high and low ends. Daan Crypto Trades suggests that once the price moves past the current consolidation, a massive rise could occur. Watchers […]
Bitcoin’s Next Move: Will It Hold Above $104K or Face Another Pullback?
Bitcoin is showing signs that it could go down in value over the next few weeks. Daan Crypto Trades stated that there is a high likelihood the $97,000-$99,000 range will act as a support if Bitcoin declines. The region is supported by several indicators, including the range prices have traded in these past few days, […]
Bitcoin Slips Below $108K, Analyst Eyes Key MVRV Resistance at 2.93
Bitcoin is now trading at $107,838, slipping by 0.93% in the last 24 hours. But this minor dip hasn’t shaken the broader trend. Over the past month, Bitcoin has risen by roughly 14%, showing strong gains despite short-term pullbacks. On May 22, Bitcoin set a new record just below $112,000. The rise extended the bullish […]
Bitcoin Soars to New High of $111.9K, Bull Market Momentum Builds
The price of Bitcoin (BTC) has hit a new record high of $111.9K. Many analysts anticipate that the cryptocurrency will go up in price in the days to come. Santiment, an analytical service platform, has found that Bitcoin is showing strong signs of increasing value, meaning the market could remain in a bullish phase for […]
Bitcoin’s $2.05T Market Cap Breakdown: Who Holds the Most BTC?
Bitcoin’s market has evidence of further strengthening, as its total market capitalization is approaching $2.05 trillion. Currently, the cryptocurrency is being traded for over $103,000 per coin, setting an important milestone. Based on the recent data of the analytical platform Santiment, there are three major groups of BTC’s supply that tend to emphasize its distribution […]