Bitcoin

The post Is Bitcoin Stuck in A Sideways Market? Key Conditions for a Major Price Surge appeared first on Coinpedia Fintech News At present, we see a sideways movement in Bitcoin. When we closely analyse the daily chart of Bitcoin/USD, what we see is the price of BTC oscillates between $71,700 and $58,000. It was after the BTC price touched its peak in mid-March that the crypto entered the sideways movement. What is the reason for this stagnation? One of…

An analyst explained that the next target for Bitcoin could be $78,700 if BTC could cross this resistance level of an on-chain pricing model. Bitcoin MVRV Extreme Deviation Pricing Bands Put Resistance At $65,800 In a new post on X, analyst Ali has discussed some price levels for Bitcoin that could be important based on an on-chain pricing model. The model is based on the Market Value to Realized Value (MVRV) ratio. The MVRV ratio is a popular indicator that,…

Bitcoin (BTC) has just dropped under $61,000 amid fears of continued selling from the US and German governments, and potential fresh selling from Mt. Gox BTC holders. Will the decline continue, or is $BTC at or near the bottom now? Bulls or bears? Bitcoin has been at the bottom of its range, and below $63,000 for the past ten days. Buyers and sellers are having a Battle Royale between the $63,000 down to the $60,000 price levels, and it’s still…

Lombard partners with Babylon to secure $16M for Bitcoin ‘restaking,’ enabling BTC holders to earn interest by enhancing the security of PoS blockchains like Ethereum and Cardano. Polychain Capital emphasize the transformative potential of restaking, positioning Bitcoin as a productive asset within the Web3 ecosystem. By partnering with Babylon, Lombard secured $16M for Bitcoin ‘restaking’ akin to Ethereum, allowing BTC holders to earn interest by using BTC to fortify other crypto networks. This opportunity was highlighted in CNF earlier in…

The post Why is Bitcoin Price Down Today? Came Back To $60,700 appeared first on Coinpedia Fintech News Bitcoin’s recent surge has taken a hit as the cryptocurrency’s price dropped by 3.38% over the past day, settling at $60,780. The 24-hour trading range for Bitcoin fluctuated between $60,584.34 and $63,151.44. As a result, Bitcoin’s market cap dipped to $1.19 trillion.  Bitcoin’s market dominance also saw a slight decrease, dropping 0.46% to 53.18%. Here are some of the main reasons why…

The post Will the BTC Price Hold $60,000? Here’s Why Bitcoin is Consolidating Below $62,500! appeared first on Coinpedia Fintech News The recent price action of Bitcoin has made market participants extremely impatient, as they are falling into the FUD trap. The BTC price is printing its second bearish daily candle after failing to surpass $64,000 during the recent upswing. This move appears to have made the traders sure of the trend, marking lows below $60,000 and as a result,…

The post Bitcoin ETF Flows Show Mixed Trends Amid Price Drop appeared first on Coinpedia Fintech News On July 2, 2024, Bitcoin ETF flows revealed mixed trends with a total net outflow of $13.7 million. IBIT led inflows with $14.1 million, followed by FBTC ($5.4 million) and HODL ($3.5 million). ARKB gained $2.5 million. In contrast, GBTC saw a substantial outflow of $32.4 million, with BITB also losing $6.8 million. ETFs like BTCO, EZBC, BRRR, BTCW, and DEFI reported neutral…

Fundstrat’s head of research, Tom Lee has doubled down on his initial Bitcoin prediction, strongly emphasizing that the pioneer cryptocurrency will surge to $150,000. The Wall Street strategist highlighted Bitcoin’s strong bullish outlook, believing that the cryptocurrency will eventually pull out of bearish trends soon. Bitcoin To Hit $150,000 In 2024 In a recent interview with CNBC Television, Lee expressed bullish optimism over Bitcoin’s future outlook, reaffirming his previous prediction that the cryptocurrency would reach new all-time highs of $150,000…

Amid the current Bitcoin market performance suggesting signs of a rebound, prominent crypto analyst Wise Advice has highlighted a critical indicator in Bitcoin’s trading pattern. Bollinger Bands Signal 200% Bitcoin Surge According to the analyst, the Bitcoin weekly Bollinger Band, a statistical chart characterizing the prices and volatility over time, has shrunk to its second-lowest width in six years. Traditionally, such contraction has been a precursor to substantial price movements. Wise advice disclosed that historically, a similar constriction was observed before…