Bitcoin

Following its renewed peak above $73,000 back in March, Bitcoin has been experiencing a prolonged period of price stagnation ever since, leaving many investors wondering about the potential for future movements. According to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Avocado,’ this stagnation may bear a resemblance to a similar pattern observed in 2019. Why Is Bitcoin Price Still Below $60,000? In the report uploaded on the CryptoQuant QuickTake platform, the analyst suggests that the lack of…

The Bitcoin price has been unable to break out of its current downtrend after losing the $60,000 mark this week, trading as low as $57,790 on Tuesday. However, one indicator is pointing to further price corrections for the largest cryptocurrency on the market that could send the coin well below current levels.  Bitcoin Faces Major Risks In a recent social media post, crypto analyst Ali Martinez has pointed to the Stochastic Relative Strength Index (RSI) on Bitcoin’s 2-month chart, which…

Bitcoin (BTC) took another dip early on Wednesday, taking the price down to $55,700. Is it time to seriously reconsider the bullish case for Bitcoin, or is this just another gift of a buying opportunity? Bounce, or more downside? It’s now 175 days of boring, grafting, seemingly inexorable sideways and downwards price action for $BTC. The latest dip took the price below the major horizontal support at $58,000, and even reached below $56,000, which is the next area of support.…

Bitcoin (BTC) is currently trading below $60,000, starting the month on a downward trend. Despite this, experts suggest September could be a prime buying opportunity. Based on Bitcoin’s performance history, September is the worst-performing month, with a track record of less-than-desirable returns. Why Experts Say Buy Bitcoin in September Michael van de Poppe is among those predicting a potential bullish turn for Bitcoin. He believes that a quiet market often signals the final phase before a rally. “Dull market, which…

21Shares has introduced its Wrapped Bitcoin on the Ethereum blockchain, marking its second launch of this product after its debut on Solana. WBTC continues to draw attention, especially after BitGo announced plans to shift its custody to a new multi-jurisdictional model. 21Shares Introduces Second WBTC The Wrapped Bitcoin, branded as 21BTC, emerges from a partnership between 21.co, the parent company of 21Shares, and global market maker Flow Traders. According to the announcement, 21BTC is designed to provide users with “peace…

The post BITMINER: The World’s First DMT-UNAT Metaverse App Running on the Bitcoin Blockchain appeared first on Coinpedia Fintech News FOXXI, a leading innovator in the metaverse space, is set to launch the world’s first DMT UNAT-powered metaverse application with BitMiner. This groundbreaking tool is fully integrated into FOXXI’s Bitcoin-based Bitverse, a secure and decentralized virtual world. Leveraging cutting-edge protocols like Digital Matter Theory (DMT), Bitmap, and Tap Protocol, FOXXI BitMiner offers an unprecedented mining experience that stands out in…

The post Is Bitcoin Cooling Off After ETF Rally? The Next 28 Days Could Determine Its Direction appeared first on Coinpedia Fintech News The crypto market sentiment is at its lowest point in over a year, with Bitcoin still hovering around the $60,000 mark. Despite analysts searching for catalysts that could drive the price to new all-time highs, nothing seems to be working for Bitcoin at the moment. According to Miles Deutscher, Bitcoin has fallen below this range and is…

After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Bitcoin’s Sharpe Ratio Hits New Lows: Bullish Signal Or A Warning? According to the analyst, Bitcoin’s short-term Sharpe ratio has dipped to levels last seen during September-October 2023.…

Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $58,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,650 or…