BTC

Plenty of nerves and a pervasive fear have entered the crypto market as investors perhaps brace themselves for more potential tit for tat strikes, as Israel and Iran face off. Bitcoin appears to be using the more bearish sentiment to traverse sideways and downwards. However, the resulting chart pattern could well be a very bullish bull flag. Fear pervades markets Times are uncertain. In traditional markets, the S&P 500 is down 4.2%, the Nasdaq 100 is down about the same,…

Bitcoin’s price movements continue to be quite underwhelming as the asset failed to overcome the $64,000 level and has remained just below it. Most altcoins are also quite sluggish, with ADA and BCH charting minor losses, while NEAR and PEPE have gained the most. Bitcoin’s Uncertainty Continues The primary cryptocurrency went through a highly violent weekend in which it first slumped by six grand on Friday evening to $65,000 before another decline drove it south to just over $61,000 a…

The post Why Bitcoin Price is Crashing? Here Are Top Factors Influencing BTC Price appeared first on Coinpedia Fintech News Bitcoin (BTC) price slipped over four percent in the past 24 hours to retest the support range between $62,000 and $61,000. The flagship coin had stabilized around $63k during the early New York session as long-term holders remained unshaken.  According to on-chain data analysis provided by Santiment, Bitcoin addresses holding between 1k and 10k coins accumulated 80,544 units since March…

The post Bitcoin Price Analysis: $70k or $50k What’s Next For BTC Price? appeared first on Coinpedia Fintech News Analyst of AMcrypto has opened up in detail about the recent market fluctuations, pondering whether the downward trend is nearing its end or if further declines are on the horizon. Amidst geopolitical tensions and market uncertainties, the analyst examined key support and resistance levels in Bitcoin’s price action.  He explained the importance of understanding the current market dynamics. If the market…

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish…

On-chain data shows the Bitcoin long-term holder selling pressure has been running out recently after an extended selloff from the group. Bitcoin Long-Term Holders Have Sold Huge In Past 4 Months As analyst James Van Straten explained in a post on X, the long-term holders have massively reduced distribution during the last ten days. The “long-term holders” (LTHs) here refer to the Bitcoin investors carrying their coins since more than 155 days ago. The LTHs comprise one of the two…

Bitcoin's halving is a significant event that often heralds a market shift, capturing the attention of crypto enthusiasts eager to discover which coins might emerge as leaders. With the bull run of 2024 upon us, the focus intensifies as investors look to identify the cryptocurrencies that possess the potential to outperform the rest. This article delves into three such contenders with strong fundamentals and growing popularity, poised to possibly take the lead in the next phase of the crypto journey.…

The post Why Did the Bitcoin Price Drop Today? Bulls Gear Up for Recovery Before BTC Halving appeared first on Coinpedia Fintech News In the crypto markets, every twist and turn in Bitcoin’s path is a headline. This past weekend, well-known Bitcoin investor Samson Mow shared his thoughts on Bitcoin’s recent dip and what it means, just three days before the much-awaited Bitcoin Halving event. Market Jitters Bitcoin, the king of cryptocurrencies, took a sharp 13% tumble from its All-Time…

Bitcoin recovered a lot of ground yesterday and spiked to $67,000, but the landscape has changed once again in a bearish manner, and the asset plummeted hard today. Most altcoins have followed suit with massive price declines, led by SOL, TON, BCH, and others. Bitcoin’s Struggles Continue It’s safe to say that the past few days haven’t gone exactly BTC’s way. The cryptocurrency stood above $70,000 on Friday morning but slumped hard later that day amid the Fed’s latest announcements…