Bitcoin

Looking at the formation in the daily chart, there is no relief for Bitcoin at spot rates. Following the flash crash on June 6, prices reversed sharply from the $72,000 level, further highlighting the significance of the liquidation level. In the past, Bitcoin prices have recoiled from this level, with analysts expecting a short squeeze to print once this line is breached. Hedge Funds Are Short Selling Bitcoin Futures: Will This Strategy Backfire? Amid this slip, one analyst on X…

The Bitcoin on-chain metrics continue to show bullish signs that a parabolic breakout is imminent for the flagship crypto. The latest of these metrics is a significant turnaround in Bitcoin’s network activity, which could further provide bullish momentum for the crypto token.  Bitcoin Sees Surge In Network Activity  Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that the number of daily Bitcoin addresses had broken a downtrend that began on March 5. He added that 756,480 Bitcoin…

Spot Bitcoin Exchange Traded Funds (ETFs) in the US have reportedly acquired approximately 25,729 Bitcoin in the week ending June 7.  This amount matches two months of crypto mining supply and more than eight times the new BTC mined within the week.  The spot Bitcoin Exchange-Traded Funds (ETFs) in the US had a huge turnaround in the first week of June with an inflow of $1.83 billion. According to reports, the 11 spot ETFs acquired approximately 25,729 Bitcoin between June…

The post What’s next for Bitcoin, Ethereum and Solana? appeared first on Coinpedia Fintech News Analyst Josh, in his latest analysis video, pointed out that Bitcoin has witnessed minimal movement in price over the weekend, with only a slight uptick observed. However, historical data from the past month reveals a pattern where volatility tends to increase as the weekend draws to a close and the new week begins.  Analyzing the current Bitcoin chart, the analyst noted that Bitcoin might be…

The post Bitcoin ETFs Now Hold Over 1 Million BTC: Michael Saylor appeared first on Coinpedia Fintech News The spot BTC ETFs have attained a significant milestone as Michael Saylor underscored that the 34 Spot BTC ETFs now hold over 1 million BTC, which is 1,031,973 BTC. This signifies the increasing interest of institutional and retail investors in Bitcoin ETFs. Net inflows for the 19th consecutive day were recorded in the last week by the US ETFs which took the…

In an analysis released to his 280,000 followers on X, the renowned crypto analyst known as Cold Blooded Shiller (@ColdBloodShill) provided an in-depth look at the current state of Bitcoin amidst a volatile market environment. His commentary, titled “Ultimate BTC Simple Bias Guide,” unpacks the recent emotional reactions triggered by Bitcoin’s price movements and offers a strategic framework for interpreting these changes. Buy Or Sell Bitcoin Now? On Friday, the Bitcoin price plummeted from $71,900 to $68,500. This decline coincided…

Bitcoin (BTC) seems poised for a major breakout, if prominent analysts are to be believed. The world’s most popular cryptocurrency has been stuck in a consolidation phase for a record-breaking 87 days, but experts say this slumbering giant might be about to awaken with a vengeance. Charting A Course For Breakout Faibik, a well-known crypto analyst, has identified a technical pattern on the Bitcoin daily chart that hints at a potential explosion. This pattern, known as a Descending Broadening Wedge,…

Bitcoin (BTC) finds itself in a curious position, caught in a tug-of-war between the bullish conviction of whales (large investors) and the jittery hands of short-term holders. The world’s top cryptocurrency recently surged to within a hair’s breadth of its all-time high, fueled by a buying spree from whales. However, lurking beneath the surface are potential threats that could derail this rally. Whale Appetite Increasing  Big investors have been accumulating Bitcoin at an alarming rate, close to $1 billion worth…

Bitcoin is at a critical juncture. The FOMC meeting is coming up this week, and what is said there by the Fed could have a big impact on markets. If the news is good on Wednesday, Bitcoin could fly. The altcoins primed to surge with it are $ETH, $SOL, and $BNB. When $BTC was rejected from the top of its bull flag for the fourth time in succession, perhaps some fear and doubt crept into the minds of altcoin holders.…