Bitcoin’s price has increased by 8% since March 11, partly due to large investors buying in with leverage, pushing margin positions on Bitfinex to their highest since November 2024. Currently, these long positions stand at $5.7 billion, indicating strong investor confidence despite recent price losses. Some analysts suggest a close link between Bitcoin’s price and ...
A crypto analyst, Matthew Hyland, suggests that Bitcoin needs to close above $89,000 by the end of the week to signal an end to its current downtrend. He highlighted this in a recent video, stating that a failure to do so could lead Bitcoin’s price to drop to between $69,000 and $74,000, a level it ...
Bitcoin may see a price rebound this Friday as the U.S. debt suspension period ends, potentially bringing in new liquidity to the Market. After hitting a $36 trillion debt ceiling, Bitcoin has dropped 22% over the last two months. Analysts suggest that increased government spending could boost demand for assets like Bitcoin and stocks, possibly ...
Recent analysis reveals that Bitcoin’s 50-week moving average (MA) is currently at $75,195, a critical level that has historically marked the boundary between bear and bull markets. Analyst James Van Straten pointed out that Bitcoin has dropped below the 200-day MA, a negative signal indicating potential bearish trends. While Bitcoin is still above the 50-week ...
The cryptocurrency Market capitalization dropped to $2.75 trillion, declining by 4%. Major losers included Ethereum, Dogecoin, and Chainlink. A significant transaction involving $930 million in Bitcoin from wallets tied to the defunct Mt. Gox exchange raised concerns about a potential sell-off. Bitcoin initially fell to around $76,606 but rebounded to over $82,000, breaking a five-day ...
Bitcoin’s price is currently on a downward trend, recently hitting $79,766, which is nearly 27% lower than its all-time high of $109,000 in January. It has dropped 14.6% over the past week alone. Analyst Ibrahim has pointed out that a gap formed in Bitcoin’s price on the CME could offer insights into its next moves, ...
On March 9, Bitcoin closed at $80,688, marking its lowest point since November 2024 and falling below its key 200-day moving average again. This indicates a potential decline in value as the Crypto Fear & Greed Index shows extreme fear among investors. A recent Monte Carlo simulation predicts Bitcoin could rise by 800%, estimating a ...
Bitcoin has faced challenges staying above $90,000 since dropping below $95,000 on February 24, experiencing significant price fluctuations recently. Its realized volatility hit its highest level since Q3 2024. Analysts are closely watching the US dollar’s decline, with some suggesting it could lead to new Bitcoin highs. James Coutts, a crypto analyst, highlighted that when ...
Bitcoin’s price soared to over $109,000 on January 25, driven by the approval of spot price exchange-traded funds and key events like its halving and interest rate cuts. However, it has since retreated by more than 20% to around $84,000, partly due to fears of increased tariffs under the Trump administration that could trigger higher ...
Recently, the Chicago Mercantile Exchange reported a record Bitcoin futures gap, following an announcement by former US President Donald Trump about a crypto strategic reserve on March 2. This announcement led to a surge of over $300 billion in the spot markets and created a notable $10,000 gap in Bitcoin futures. Bitcoin prices jumped from ...
