According to data from CoinMarketCap, the price of Bitcoin returned above $67,000 with a 1.19% gain in the last 24 hours. Bitcoin appears to have found some stability in this region amidst multiple projections of further price gain. Interestingly, popular crypto analyst with X handle Rekt Capital has unveiled a particular scenario in which Bitcoin…
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Bitcoin is in an uptrend, but events in the daily chart show pockets of weakness. Though BTC is stagnant, analysts are upbeat, expecting prices to rise in the days to come. Is Bitcoin Ready To Rip Higher: Analyst Says Bulls Are Eyeing $140,000 Taking to X, one analyst has picked out an unusual development: In…
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A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value. Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has…
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Bitcoin is steady when writing, floating above immediate support levels and inches away from reclaiming the all-important local liquidation line at around $66,000. Even as the broader crypto community expects buyers to step in and push prices higher, there are exciting developments that buttress this outlook. Billions Worth Of BTC Pulled From Exchanges According to…
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Crypto analyst Rekt Capital has provided insights into the Bitcoin future trajectory. Based on his analysis, the flagship crypto might not yet be ready for its next leg up, which could see it climb back above $70,000. Bitcoin Not Yet Ready To Establish $65,000 As New Support Rekt Capital claimed in an X (formerly Twitter)…
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Bitcoin price has rallied above the $64,000 mark. Glassnode, a market intelligence platform, has analyzed this notable increase, which attributes the current price movement to a significant easing of sell-side pressure, particularly from the German government. Exhaustion of Sell-Side Pressure According to the on-chain data provided by Glassnode, the recent uptick in Bitcoin’s price is…
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Bitcoin price struggled to extend gains above the $66,000 resistance level. BTC is consolidating and holding gains above the $63,500 zone. Bitcoin struggled to continue higher above the $66,000 resistance zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at…
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Bitcoin price gained over 15% and broke the $65,000 resistance level. BTC is still showing positive signs and might attempt to move above the $66,000 level. Bitcoin extended its increase above the $65,000 resistance zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a key bullish trend line…
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Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the…
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At spot rates, Bitcoin and top altcoins like Ethereum and Solana continue to edge higher. Despite the retracement earlier today, BTC is firm and trending above the $60,000 psychological round number. At the same time, ETH and SOL prices are firm above $3,300 and $155. Bitcoin, Crypto Prices Rising Though Liquidity Is Low One analyst…
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