BTC

The post Bitcoin (BTC) Price Holds Strong at Key Level for Six Months: What’s Next? appeared first on Coinpedia Fintech News Bitcoin has been showing resilience on the monthly chart, consistently maintaining a key support level that once marked its old all-time high. However, it’s price is currently facing challenges after a failed attempt to break above the $61,000 level. As of now, Bitcoin (BTC) has rise to around $60,525, perhaps down from a 24-hour high of $61,158, marking a…

The post Analyst Who Predicted BTC Current Dip Forecasts 5000% Gains for These Undervalued Altcoins by End of Year appeared first on Coinpedia Fintech News Experts behind the recent Bitcoin plunge are now turning heads with ambitious predictions. They spot potential in lesser-known altcoins, forecasting sky-high gains by year’s end. In this article, readers will discover which undervalued digital currencies might surge next and the reasons behind these bold forecasts. CYBRO Defies Market Volatility, Pioneering DeFi with AI-Powered Solutions CYBRO…

The post Bitcoin Price Analysis: Here’s What Next For BTC Price appeared first on Coinpedia Fintech News In August, Bitcoin (BTC) saw its worst downturn. It fell below $50,000 after the Bank of Japan raised its interest rate from 0% to 0.25%, impacting the US stock market. Traders borrowed Japanese Yen at low interest rates to buy US assets, leading to further corrections in BTC.  At the moment, Bitcoin is trading around $60,774 on Binance. Despite a sharp drop to…

Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlation—from negative to positive—have often signaled a bullish trend for Bitcoin.  As both markets face challenges, the changing dynamics between BTC and U.S. stocks could provide crucial insights into…

Bitcoin sees little interest these days, while Ripple displays positive momentum. Curious about what's happening with other major cryptocurrencies? Discover the latest trends and performance of key digital assets. Which ones are set to soar and which ones are lagging behind? Dive into the details and find out which coins are worth watching. Bitcoin (BTC) Bitcoin is seeing a tough time, swaying between fifty-five thousand and sixty-one thousand dollars. Recent movements point to bears having the upper hand, with the…

The post Bitcoin May Drop to $54,000 as Mt. Gox Moves $860 mln in BTC appeared first on Coinpedia Fintech News On August 21, 2024, the defunct and oldest crypto exchange, Mt. Gox, moved a significant over 14,530 Bitcoin (BTC) worth $860 million in the last 24 hours, as the on-chain analytic firm Spotonchain reported. Following these transactions, the overall cryptocurrency market experienced massive selling pressure. Mt. Gox $860 Million BTC Transfer With the recent transfer, Mt. Gox now holds…

Bitcoin has certain on-chain resistance levels coming up that could threaten future rallies. Here are the exact prices at which they lie. Bitcoin Short-Term Holders Have Their Cost Basis At These Levels Ahead As explained by CryptoQuant author Axel Adler Jr in a new post on X, the BTC short-term holders currently have their cost basis levels between $62,000 and $65,000. The on-chain relevance metric here is the “Realized Price,” which keeps track of the average acquisition price on the…

Bitcoin (BTC) briefly climbed above $61,000 on Tuesday but could not stay above this level as sellers immediately drove the price back towards $60,000. Growing selling pressure forced BTC back below $60,000, with the cryptocurrency currently trading around the $59,500 mark. Crypto markets registered a notable increase on Tuesday, with all major cryptocurrencies registering gains. However, markets have hit a rough patch, with most coins in the red at present. The anticipation around the Federal Reserve meeting minutes and the…

The Bitcoin price is continuing its meandering, sideways path, while sustaining itself above the critical $58,000 level. That said, a pivotal point is approaching, where the winner between the bulls and the bears will decide the direction of the next big Bitcoin move. The most unlikely scenario for Bitcoin Bitcoin is 161 days into this grinding sideways consolidation period that started when the $BTC price hit the all-time high of $73,800 back in March. The next possible scenario is either…