Bitcoin

The BTC/USD pair has come back down to the $64,500 horizontal level, which it has only recently flipped into support. Will Bitcoin bounce from here and break through the top of its bull flag, or is yet another rejection about to take place? Will the $64,500 horizontal support hold? Bitcoin is still on course to break out of its six-month bull flag. That said, many might be nervously watching the number one cryptocurrency as it teeters at the $64,500 horizontal…

Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000. Bitcoin is correcting gains from the $66,500 zone. The price is trading below $65,250 and the 100 hourly Simple moving average. There was a break below a short-term bullish trend line with support at $65,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the…

The price of Bitcoin started the year on a bounce, securing a new all-time high before the end of the first quarter of 2024. However, the second and third quarters weren’t all that rosy for the crypto market, with the premier cryptocurrency largely moving within a consolidation range. September, the last month of the third quarter, was predicted to dampen the bullish impetus of the Bitcoin price, but the contrary has been the case. According to data from CoinGecko, the…

Bitcoin emerged as an investors’ favorite this past week, recording a price rise of 4.07% according to data from CoinMarketCap. During this price surge, the premier cryptocurrency traded as high as $66,000, a level last reached in late July. However, despite this price gain which extends Bitcoin’s “unusual” positive performance in September, certain market conditions indicate concern over the sustainability of this rally. Why Bitcoin’s Rally Is In Danger In a Quicktake post on CryptoQuant, an analyst with username Wenry…

Bitcoin has been on an incredible price momentum for the past two weeks. This momentum, which took many by surprise, saw Bitcoin breaking above the psychological $65,000 price level again. According to price data, Bitcoin traded as low as $52,820 on September 6. Its recent rebound to $66,300 indicates that the king of cryptocurrencies has recovered substantially by 25.5% in two weeks. According to Coinglass data, this marks the biggest gains recorded by Bitcoin in September since 2013. Yet, despite…

In what has been an “unusual” September, Bitcoin (BTC) has now recorded another positive weekly performance.  According to data from CoinMarketCap, the maiden cryptocurrency surged by 5.07% in the last seven days, moving its cumulative gain in this month to 11.30%. Interestingly, with Bitcoin halving since gone, analysts remain highly expectant of the traditional market bull run by the largest digital asset. BTC In Consolidation As It Gathers Momentum For Breakout In an X post on Friday, popular analyst Crypto…

10xResearch analysts who had correctly predicted the Bitcoin price run-up to a new all-time high earlier in the year have turned bullish once again. In a recent report by 10xResearch Head of Research, Markus Thielen, the analysts point out a number of factors that have seen the BTC price turn bullish. Just like before, this is a development that could lead to a run-up to a new all-time high for the Bitcoin price, something that could mark the beginning of…

Bitcoin and Ethereum ETFs (exchange-traded funds) recorded the highest multi-week inflows in the session ending Friday, September 27. This comes amid ongoing chatter about the crypto market’s recovery. With a track record of less-than-desirable returns in September, given it has historically been Bitcoin’s worst-performing month, markets anticipate better fortunes in October as the month nears its end. Crypto ETFs Inflows At Multi-Week Highs Crypto investors bought 7,526 Bitcoin (BTC) and 22,310 Ethereum (ETH) on Friday, resulting in net inflows of…

Bitcoin has shown bullish momentum during the past day, but an analyst has pointed out how the asset may be in a high-risk zone now due to the Open Interest trend. Bitcoin Open Interest Has Seen A Rapid Increase Recently As explained by CryptoQuant community manager Maartunn in a new post on X, the Bitcoin Open Interest has just surged to high levels. The “Open Interest” is an indicator that keeps track of the total amount of BTC-related positions currently…