Bitcoin

The post Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop To $65K? appeared first on Coinpedia Fintech News Following the massive overnight recovery of 7.73%, Bitcoin price reveals exhaustion in buyers to sustain the trend. The BTC price took a 1.7% dip last night and is starting the Asian trading hours on a bearish tone.  Trading under the $70K levels, the buyers are taking the heat from overhead supply as the bull trap reveals itself. Will the short-correction…

Bitcoin price started a downside correction from the $72,000 zone. BTC is now consolidating near $70,000 and might eye another increase in the near term. Bitcoin struggled above the $71,800 resistance zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move…

An analyst has explained how the current Bitcoin surge appears to have hit the halfway completion mark if this indicator is to go by. Bitcoin VWAP Oscillator Suggests BTC Rally Only Halfway Done In a new post on X, analyst Willy Woo has posted an update for how the Bitcoin Volume Weighted Average Price (VWAP) Oscillator is looking like after the latest rally. The VWAP is an indicator that, as its full form suggests, calculates an average price for the…

Bitcoin is firm, recently trending above $71,200 and easing past local resistance levels, much to the delight of holders. However, the current leg up is just the beginning for Willy Woo, an on-chain analyst. Bitcoin Rally Getting Started: Analyst Taking to X, Woo, who has been maintaining a bullish outlook for the world’s most valuable coin, boldly asserts that the current Bitcoin rally is only halfway through its welcomed bullish journey.  Sharing a chart, the on-chain analyst notes that the Bitcoin VWAP…

Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000.  Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been “an immediate response to the lower-than-expected CPI report on Wednesday,” with…

The post Bitcoin Price Breaches $70K – is a Crypto Bull Run Imminent? appeared first on Coinpedia Fintech News Bitcoin is teetering on another all-time high (ATH) as it crosses $70K for the first time in over one month.  Currently trading at $70.9K, market participants are stoked about the potential for another widespread crypto bull market rally. Bitcoin’s Momentum to Ignite the Next Crypto Rally With liquidity flowing back into risk-on crypto assets, analysts anticipate the market’s next leg-up is…

The post Major Trends in Bitcoin Signal the Awakening of Altcoin Season: Which Cryptos to Buy Now appeared first on Coinpedia Fintech News As excitement builds around Bitcoin’s recent surge, it’s time to turn attention to the broader cryptocurrency market. This is a moment when smaller coins often begin to thrive, hinting at a possible ‘altcoin season.’ Investors are eager to identify which cryptocurrencies could follow Bitcoin’s lead and deliver strong performance. This analysis delves into current trends to suggest…

Both Bitcoin (BTC) and Ethereum appear to currently be the center of attention in the crypto market so far, with Bitcoin recently hitting just above a 24-hour high of $71,650 mark, marking a 6.4% increase in the past 24 hours and nearly 20% over the past week. A prominent Crypto Analyst who has since been tracking Bitcoin’s movements has recently revealed insights into the asset’s latest trends, signaling a notable move ahead for BTC. Bitcoin’s Path Analyzed: What’s Coming? Crypto…

Toncoin (TON) and Bitcoin Cash (BCH) have been recording stifling declines as both cryptocurrencies recently fell by more than 2%, with Bitcoin Cash (BCH) experiencing the most persisting volatility over the past month. Amidst this prevailing bearish trend, ETFSwap (ETFS) is showcasing impressive momentum and is on track to break into the elite crypto top 20 ranks.  Toncoin (TON) TVL Soars As Price Plummets Earlier in April, DeFilama’s data revealed that Toncoin’s Total Value Locked (TVL) had surged significantly, recording…