Bitcoin price is back trading above $70,000 after weeks of sideways price action. The recent boredom and sideways grind, however, isn’t necessarily a bad thing. In the past, such lulls in volatility have preceded the top cryptocurrency’s greatest rallies on record. Let’s take a look. Bitcoin Historical Volatility Reaches Record Low The term volatility often…
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Considering the seemingly unstoppable momentum in Bitcoin price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, due to the supply of new BTC unlocked since 2021, the BTC market cap chart has reached a new all-time high above $1.3 trillion. BTC Market Cap Sets New Record ATH…
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Bitcoin price action continues to pick up steam following unprecedented institutional demand amidst an asset supply that’s on the brink of being slashed by 50%. Today, the BTCUSD trading pair has broken cleanly above $60,000. What does this mean for the top cryptocurrency by market cap? Are new all-time highs just ahead? Bitcoin Trades Above…
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Bitcoin price had previously been showing extreme strength leading up until the debut of the first spot ETFs. That strength has since subsided, leading to a 20% correction in BTCUSD. A popular technical indicator that measures momentum, however, could point to powerful continuation to the upside, but only if a certain level is breached. Keep…
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The recent approval of several spot Bitcoin exchange-traded funds (ETFs) by the SEC was expected to usher in an era of mainstream adoption and sky-high prices for the flagship Cryptocurrency. Instead, Bitcoin has crashed over 20% from its 2024 high of $49,000 to just under $39,000 at the time of writing. Where is the bottom…
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Bitcoin price is struggling to stay above $39,000 per coin and as it sinks lower, an ominous bearish technical signal is triggering. Bitcoin Selloff Prompts Possible Change In Momentum Selling pressure driven by FTX’s estate dumping nearly $1 billion in Grayscale GBTC shares caused Bitcoin price to lose the $39,000 level today, currently trading around…
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Bitcoin price reached highs of close to $50,000 a coin this year until an abrupt, 15% selloff stopped the climb and put the overheated crypto market on ice. The pullback has caused an early “top” warning signal to fire in BTCUSD, but data suggests that the top cryptocurrency could double before the actual top is…
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Recently, Bitcoin experienced a significant drop, crashing 15% from its 2024 highs around $49,000. This decline followed closely on the heels of the approval of 11 spot Bitcoin Exchange-Traded Funds (ETFs), a move that was initially met with optimism in the crypto community. The sudden downturn has left investors and traders analyzing the charts for…
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As we step into 2024, Bitcoin opens the year with a remarkable price of $47,000, signaling a potential shift in the market dynamics. This new year brings with it a historic moment for Bitcoin – its first-ever ‘Golden Cross’ involving the 50-week and 200-week moving averages (MAs). This rare occurrence is not just a technical…
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In a shocking turn of events, Binance CEO Changpeng Zhao has agreed to step down from the crypto exchange and has plead guilty to “violating US anti-money laundering requirements.” The news is currently being priced into the crypto market, leading to extreme volatility in Bitcoin and altcoins, plus a lot of chatter on social media.…
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