BTC

Bitcoin (BTC) has dropped over the past couple of days after failing to push above the $60,000 mark. After reaching a high of $59,683, BTC fell into the red and settled at $57,386, with sellers active at higher levels. Despite BTC’s difficulty in recent days, one analyst has predicted that it could hit a staggering $330,000 this bull cycle. Smart Money Is Betting On BTC The staggering prediction was made by independent analyst Arsen, who, unfazed by BTC’s recent dip,…

The German government has sold nearly all of its Bitcoin, and one particularly powerful technical indicator looks ready to signal a change in momentum. A rate cut in September now looks very likely, but when will the Bitcoin rally actually start? 50,000 $BTC nearly all sold but price holds “The German Government is running out of Bitcoin”, is the latest X post update from Arkham Intelligence. The post states that on Thursday, the German Government sent 5,000 more $BTC to…

The post Bitcoin Revamps Bearish Trend: Here’s What Attributing to the Underperformance of BTC Price  appeared first on Coinpedia Fintech News Yesterday, the Bitcoin price was rejected from a crucial resistance level at the 200-day MA, which raised suspicion of an incoming descending trend. After withstanding immense selling pressure within the pivotal zone, the BTC price finally broke down the range, hinting towards a more bearish trend fast approaching. However, Bitcoin ETF giants continue to buy ETFs in the hundreds…

The post Bitcoin Faces Unseen Forces: Why BTC Stuck Below $58K? appeared first on Coinpedia Fintech News Bitcoin’s price has been stuck below $58,000 for a long time. Despite being in a bull market, Bitcoin isn’t moving up, and both market and non-market factors are to blame. Impact of US CPI The US Consumer Price Index (CPI) rose by 3% in June. Analysts see this as a bullish signal for Bitcoin, but the price isn’t rising. If the US central…

The post Crypto Liquidations To Subside, BTC And Crypto Market To Rebound: JP Morgan appeared first on Coinpedia Fintech News Bitcoin And Crypto Market To Rebound In a recent research report on Thursday, JP Morgan stated that the crypto liquidations should decrease this month and the market is expected to see a massive rebound from August onward. The bank has also reduced its year-to-date crypto net flow estimate from $12 billion previously to $8 billion in an updated projection.   The…

The German government has now lost its Bitcoin’s billionaire status after more than three weeks of sustained sell-offs. The rising Bitcoin demand as shown by the notable cash inflows to US Spot BTC ETFs has bolstered the ongoing crypto recovery. The German government continued with its Bitcoin (BTC) selloffs on Thursday. The government sent its stash to different exchanges and addresses associated with OTC desks. After depositing hundreds of Bitcoins to Kraken, Bitstamp, Coinbase, and Cumberland among others in the…

The post BTC Bounces Back: Is It Too Late to Buy the Dip? These Cryptos Are Still a Deal appeared first on Coinpedia Fintech News The cryptocurrency market is showing a calm before what many anticipate to be a major bull run. Bitcoin (BTC) has recently rebounded, capturing the attention of both novice and seasoned investors. With altcoins still sitting at low prices, there is a buzz that they are poised to explode. The current landscape offers a tantalizing opportunity:…

Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000. Binance Bought The Bitcoin Dip Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last…

The post Can BTC Still Make A New ATH in July? Rollblock Certain To Make New High As BNB Holders Love Revenue Share appeared first on Coinpedia Fintech News All eyes have been set on Bitcoin’s performance in the past few days. The crypto community held its breath as BTC broke through the $60,000 support after months of testing the level. Although the picture looks bearish, some analysts believe the market could recover in Q3. Meanwhile, as investors become increasingly…