Bitcoin price is consolidating gains above the $70,000 resistance zone. BTC could rally again if there is a move above the $71,500 resistance in the near term. Bitcoin price moved in a positive zone above the $66,500 level. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key…
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Data shows the Bitcoin market sentiment has returned to the extreme greed territory as BTC has registered its rally beyond the $71,000 level. Bitcoin Fear & Greed Index Now Points To “Extreme Greed” The “Fear & Greed Index” is an indicator made by Alternative that tells us about the general sentiment among the investors in…
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Rekt Capital, a cryptocurrency expert and enthusiast, has identified a similar pattern between the recent Bitcoin pre-halving retrace and the one that took place in 2020 before the crypto asset witnessed an upsurge to its previous all-time high. Bitcoin Pullback Is Almost Identical With 2020 Pre-Halving Retrace Bitcoin, the largest cryptocurrency asset, is presently demonstrating…
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The Bitcoin price has soared past the $71,000 mark. In the past 24 hours alone, the price of Bitcoin surged by 6.5%, climbing from just below $65,500 to reach $71,491. This remarkable rally can be attributed to a combination of factors that have collectively contributed to the upward trajectory of the world’s leading cryptocurrency. Here’s…
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Bitcoin price is rising and now trading above $70,000 resistance zone. BTC could continue to rise toward the $73,000 and $75,000 levels in the near term. Bitcoin price remained in a positive zone above the $66,500 level. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bullish…
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Cryptocurrency expert and analyst Doctor Profit has identified regions that are vital for Bitcoin (BTC) presently, which could possibly propel the crypto asset’s price to unprecedented heights at a very fast pace. For the most part, the cryptocurrency community is concerned about the way that Bitcoin’s price has performed during the last week. Nonetheless, Doctor…
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Bitcoin price is again attempting an upside break above $68,000 resistance zone. BTC could rally if it clears $67,500 and $68,000 in the near term. Bitcoin price started a decent increase above the $65,000 zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line…
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The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer…
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Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated. Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs In a new report, the on-chain analytics firm Glassnode has discussed the impact the next Bitcoin halving may have on the economics of…
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Bitcoin price failed to recover above the $68,000 resistance zone. BTC is sliding and might decline again toward the $62,000 support zone. Bitcoin price started a decent increase but struggled near the $68,000 zone. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a short-term declining channel or a…
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