Is This Why Bitcoin’s Price Rally Was Halted? (CryptoQuant)

Last week, bitcoin (BTC) rallied past $44,000 but hit a significant resistance level at almost $45,000 and came tumbling down. According to a report by an analyst at market analytics platform CryptoQuant, profit-taking by a certain investor cohort may have caused BTC’s price to retrace. BTC’s Short-term Retracement CryptoQuant’s analyst Yonsei discovered through an analysis … Read more

Is Bitcoin About to Explode to $45K or Plunge Below $40K? (BTC Price Analysis)

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 … Read more

Coinbase Premium Index Points to Waning Bullish Sentiment in Bitcoin Market: CryptoQuant

After posting remarkable gains, Bitcoin entered a new week on shaky ground as sell-offs hint at a shift in sentiment. The traders are currently on edge amid a pause in the once-continuous upward trajectory of its prices. The latest data suggest that professional traders have turned cautious amidst uncertainty in Bitcoin’s price. Bitcoin Professional Traders … Read more

Bitcoin Must Hold $32K Support to Prevent Bears from Taking Over: Analyst

TL;DR Bitcoin’s Rise to $100K: Analyst DonAlt predicts Bitcoin could reach $100,000, influenced by the 2024 BTC Halving, with potential highs up to $110,000 by 2025-2026 following a 150% rise this year. Short-Term Volatility Concerns: DonAlt cautions about short-term risks, emphasizing the importance of Bitcoin staying above $32,000 to avoid a bearish trend. On-Chain Metrics … Read more

Google Search Trends Show Lackluster Enthusiasm for Crypto

As Bitcoin emerges as the top-performing asset in 2023, it has garnered endorsement from major Wall Street players such as BlackRock, who are actively working to integrate cryptocurrencies into the financial mainstream. This indicates that the extended Crypto Winter has indeed come to an end, but it seems that retail participants are falling behind. Retail … Read more

Bitcoin in Correction Phase Following Rally to $44K: CryptoQuant

The price of bitcoin (BTC) has entered a correction phase following the asset’s rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction … Read more

Bitcoin Bull Market to Continue Heading Into Christmas? (BTC Price Analysis)

Bitcoin’s upward momentum has encountered a significant barrier upon reaching a key resistance zone. Despite the prevailing bullish sentiment in the market, there are indications suggesting the possibility of an impending temporary consolidation. Technical Analysis By Shayan Bitcoin Price Analysis: The Daily Chart After a consolidation phase near the critical $39K mark, buyers gained momentum, … Read more

Bitcoin and Ethereum Draw Over $19.7 Billion Inflow, Echoing Past Bull Run

Bitcoin is signaling the start of a new bullish trend, rebounding to $42.6k following a recent sell-off primarily driven by short-term holders (STHs), who constitute the more speculative segment of the Bitcoin investor base. Ether also experienced an upswing, crossing the $2,270 mark alongside the world’s largest crypto. On the backdrop, substantial capital inflows into … Read more

BTC Stopped Ahead of $45K Amid US CPI Data, FOMC Meeting, and Ledger Issues: This Week’s Crypto Recap

It was another eventful week in the cryptocurrency space, with BTC soaring to a new 19-month peak six days ago before facing retracements and rollercoaster propelled by industry vulnerabilities. It all started just after CryptoPotato’s previous Market Update on Friday. Just hours later, the primary cryptocurrency initiated an impressive leg up that resulted in breaking … Read more