Bitcoin

According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market. Bitcoin Headed Lower Before Higher In a detailed thread on X about BTC price analysis, crypto analyst Cole Garner stated that capitulation might be on the horizon for the leading digital asset. Garner attributes the potential downturn to tightening on-chain liquidity. Tracking global liquidity from central banks worldwide, the analyst said…

Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023. This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed.  Bitcoin Prices Flashes Fractal Similar To October 2023 TradingShot mentioned in a TradingView post that the Bitcoin fractal similar to the one that occurred in October 2023 is happening again. He explained that the similarities are more evident in the…

As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin. Out of their assessment, it is interesting to note that these coins on focus are those in the top 10, except for Chainlink…

Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred. In fact, about 15,917 BTC, valued at approximately $987 million, has been withdrawn from various cryptocurrency exchanges over the past week. Bitcoin Exits Crypto Exchanges In Droves According to a previous report by NewsBTC, Bitcoin’s recent dip to $60,000 can…

Bitcoin has recently seen quite an interesting trend in its key metrics suggesting a significant movement ahead, according to a post by CryptoQuant analyst Amr Taha. The post, shared on the CryptoQuant QuickTake platform, highlights notable changes in both long-term and short-term holder behaviour of Bitcoin, as well as in realized profit and loss figures. Key Bitcoin Metrics Suggesting Market Shifts Taha begins by explaining the fundamental difference between short-term and long-term Bitcoin holders. Short-term holders (STH) are traders who…

The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China. Why Is Bitcoin Stagnating? Kang challenges the prevalent market belief that interest rate cuts by the Federal Reserve will significantly boost Bitcoin…

Bitcoin and Cardano's enthusiasts are optimistic that sustained positive sentiment will propel prices upward, with many anticipating a new all-time high for Bitcoin and favorable forecasts for Cardano (ADA). With the cryptocurrency market gaining momentum, BlockDAG emerges as a standout in the current landscape. As part of a layer-1 network, BlockDAG has captured significant attention through its presale, accumulating over $92 million and preparing for a significant rebrand. The use of the BDAG50 bonus code has only amplified excitement, promising a…

Following its brief stint above $66,000, the Bitcoin price fall had put it below multiple important levels. This allowed the bears to thrive as they reclaimed control of the largest cryptocurrency by market cap once again. Even now, as the Bitcoin price looks toward some recovery, the bear camp continue to wax stronger, with a most recent failure to break the MA-200, suggesting that the uptrend may only be temporary and a larger crash could be at play. Why The…

Bitcoin (BTC) has continued to demonstrate resilience and dominance in the large crypto market, irrespective of inconsistent market trends and high liquidations. Hence, market experts say it remains the best performing coin with over 40% year-to-date gain. In the same vein, analysts predict Solana (SOL) is near a huge breakout.  Meanwhile, DigiHorse has gained a lot of traction among investors. The presale sailed in August and has gone through three stages in the shortest period. From being priced at $0.00033…