Bitcoin

Bitcoin price failed to continue higher above the $63,650 resistance zone. BTC is now correcting gains and might revisit the $60,850 support. Bitcoin started a downside correction from the $63,650 resistance zone. The price is trading below $62,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the…

Recently, the price of Bitcoin (BTC) has entered a consolidation phase, fluctuating between $61,000 and $62,000 after a brief drop to $58,000 on June 24. While retail investors have shown renewed interest alongside institutional counterparts, the market faces a mix of bullish signs and potential headwinds. Retail Investors Return To Bitcoin  In a recent social media post, crypto analyst Ali Martinez highlights the resurgence of retail investors, as evidenced by a four-month high in new BTC addresses reaching 432,026, adding…

On-chain data shows that selling pressure from Bitcoin miners has recently slowed down. This is significant considering the impact it could have on Bitcoin’s price heading into the third quarter of the year.  Bitcoin Miners’ Selling Pressure Has Significantly Declined Referencing data from the on-chain analytics platform CryptoQuant, crypto analyst Crypto Dan noted that selling pressure from miners has significantly declined for two reasons. One is that the quantity of Bitcoin these miners sent to exchanges to sell has reduced…

At press time, Bitcoin is within a bullish formation and firm, rejecting attempts for lower lows despite slumping by roughly 20% in June. Though there is hope that prices will trend higher in June, one analyst thinks BTC is walking on a tightrope. For buyers to take over, it means BTC will defy its historical trends observed in the last five years by printing green by September. Will Bitcoin Beat The Odds? Price data aggregated over the past five years…

The post Bitcoin Price Forecast: Resistance Tested, $67K in Sight appeared first on Coinpedia Fintech News In recent insights shared by a crypto analyst, identified as Bitcoinsensus, attention has been drawn to a critical resistance level impacting Bitcoin’s current market trajectory. This analysis focuses on Bitcoin’s positioning relative to support levels observed between March and June.  Read on to know how long it would take for Bitcoin to reach $67K.  Current Bitcoin Market Status  As of July 2, 2024, Bitcoin…

The post Michael Saylor’s Reply To Dell CEO’s Bitcoin Tweet appeared first on Coinpedia Fintech News Michael Dell, CEO of Dell Technologies, recently posted a thought-provoking poll on X, asking the community what they consider the most important, AI, Bitcoin, or Love and relationships. The question caught the interest of the crypto community, with a larger portion of respondents going for Bitcoin. The poll also caught the eye of Michael Saylor who reacted to the survey with a heart emoji.…

Monaco City, Monaco, July 2nd, 2024, Chainwire Memereum, offering the first blockchain insurance, through its decentralised exchange MemeSwap, has seen a surge of demand in its presale, with recently selling over 1M tokens just within a few hours and nearing 26 million tokens sold on its presale. Bitcoin Price Experiences Uncertainty Despite the recent rebound in Bitcoin’s price, short-term holders are currently experiencing losses. This situation could influence selling activity, potentially leading to the $65,000 support level breaking down according…

Charlie Shrem’s rise and fall highlight the need for regulatory compliance in the Bitcoin industry. Stories of resilience and vision showcase the enduring spirit of the cryptocurrency community. Originally hailed as a rising star in the Bitcoin community, Charlie Shrem became the first well-known person to be imprisoned for his cryptocurrency activities. Being the creator of BitInstant, one of the first and most powerful Bitcoin exchanges, Shrem was instrumental in the cryptocurrency’s early acceptance. But his 2014 arrest for money…

Northern Data AG is planning a $16 billion U.S. IPO to expand its AI cloud and data center units, aiming to capitalize on the growing demand for digital infrastructure. The company is collaborating with Tether for chip acquisitions and may sell a minority stake to investors before the IPO. In line with an earlier CNF update, Reddit disclosed investments in Bitcoin and Ethereum in its IPO filing, signaling a strategic move to utilize excess cash for crypto investments. According to…