BTC

In spite of plenty of FUD in the cryptocurrency market, the price of Bitcoin (BTC) is continuing to rally. A weekly stochastic RSI cross up could be confirmed next week, leading to increased momentum that can push Bitcoin to new highs. Many are still calling this a relief rally, and are expecting Bitcoin to eventually turn back down - likely leading to the entry into Bitcoin’s next bear market. Brandt says no bull flag Famed trader Peter Brandt has said…

Bitcoin (BTC) has recorded strong inflows into its spot Bitcoin ETFs, suggesting that the sentiment may have turned positive, and traders are purchasing the asset aggressively, with the cryptocurrency also conquering crucial overhead resistance levels.  Multiple analysts have speculated that BTC could even hit $220,000 after it reclaimed several crucial support levels. This prediction is based on historical Bitcoin miner capitulation patterns.  Spot Bitcoin ETFs Register Strong Inflows Bitcoin (BTC) has pushed above several critical overhead resistance levels, indicating that…

Bitcoin developer Samson Mow has for a while now continued to assert that BTC is going to reach $1 million. He has again reaffirmed his bullish stance and mentioned when exactly the flagship crypto will hit this unprecedented price target.  When Bitcoin Will Rise To $1 Million Mow mentioned that he is still certain that Bitcoin will reach $1 million and added that the flagship crypto will reach this price target within a year. Mow had previously explained why he…

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently at a level that could suggest BTC to be underpriced. Bitcoin NVT Golden Cross Has Been Inside Oversold Region Recently As explained by an analyst in a CryptoQuant Quicktake post, the cryptocurrency could enter into a recovery phase based on the NVT Golden Cross reading. The “NVT ratio” is an indicator that keeps track of the ratio between the Bitcoin market cap and the network’s transaction…

Bitcoin (BTC) has surged past $65,000 after facing intense selling pressure on Tuesday. BTC has displayed impressive strength, absorbing around 48,000 BTC sold by the German government and maintaining its upward price movement.  According to Glassnode, BTC is experiencing what is known as “near-term sell-side relief,” with Bitcoin whales continuing to accumulate more of the asset when prices dip.  Bitcoin (BTC) Marches Past $65,000 Data from TradingView has shown that BTC has rallied 20% since hitting $56,616 on July 12…

Bitcoin has experienced a huge pump to the upside in a short period of time. Currently holding support at $65,000, is there more to come from $BTC, or is it now time for a pull-back, and some consolidation? Bitcoin’s fortunes change fast Bitcoin has been acting like a run-away train over the last few days. The German government selling has now gone, and Institutional money is pouring back into the Spot Bitcoin ETFs - eight straight days of inflows amount…

The post Will Bitcoin (BTC) Price Hit New All-Time-High In July? appeared first on Coinpedia Fintech News Bitcoin (BTC) price has added a whopping $10k in the past two weeks to hover around $65.6k on Wednesday during the early Asian session. The flagship coin briefly reached $66k on Wednesday, thus reclaiming crucial support levels to guarantee bullish momentum ahead.  Furthermore, Bitcoin price regained both the 50 and 200-day Moving Averages (MAs) as a support level. With the daily Relative Strength…

The post Spot Bitcoin ETFs Rake In $654 Million In 3 Days, But Why Is BTC Price Struggling? appeared first on Coinpedia Fintech News The price of Bitcoin (BTC) has continued to remain on a downward trend despite recent inflows of over $654 million into Spot Bitcoin ETFs in just three days. While the new inflows have not had any noticeable impact on BTC, ETFSwap (ETFS), a decentralized platform, has benefited immensely from the influx of capital into Spot Bitcoin…

After Bitcoin’s 13% recovery over the last several days, many may be thinking that this is just a relief rally. Nevertheless, it can be argued that this is just the normal ebb and flow of the market, and that Bitcoin’s recovery is now on track. Higher prices may be on the horizon. Bitcoin simply just overbought The signs are that Bitcoin has turned the corner, and that the local bottom of $53,600 was probably definitive. Major selling seems to have…