In April, the Bitcoin Market has been highly volatile, with prices fluctuating widely. Despite this instability, Bitcoin “whales” are increasing their holdings, suggesting they anticipate future price rises. According to blockchain analytics firm Santiment, wallets containing between 10 and 10,000 BTC now hold nearly 68% of Bitcoin’s total supply and have added over 53,600 BTC ...
Bitcoin’s price surged unexpectedly to a high of $88,500, fueled by news that the Trump administration hasn’t finalized new tariffs, which has influenced Market sentiment positively. Key developments include countries like Israel, Mexico, and India easing their tariffs, contributing to a bullish outlook. Despite hitting a three-month resistance point, recent buy activity on platforms like ...
Bitcoin is currently trying to maintain a price above $84,899 to show strength. Analysts suggest it needs to close above $85,000 this week to avoid a drop to $76,000. Recent tariff wars have impacted Market performance, potentially keeping pressure on prices until early April. Despite some short-term decline expectations, analysts remain bullish long-term. If Bitcoin ...
Arthur Hayes, the founder of BitMEX, suggests that U.S. bank credit supply may be increasing, which could benefit risk assets like Bitcoin. Despite mixed opinions on Bitcoin’s Market status, Hayes believes a rise in credit availability could inject liquidity into the Market, raising the potential for a bullish turnaround. He mentioned that Bitcoin likely hit ...
Bitcoin traders are showing renewed interest in buying call options, signaling a bullish outlook after recent comments from the Federal Reserve. The Fed’s announcement of potential rate cuts and a more measured approach to economic policies has shifted the sentiment surrounding Bitcoin, with increased demand for bullish bets on the cryptocurrency. In contrast, Ethereum is ...
The recent decline in the cryptocurrency Market has shifted traders’ focus from the widely favored $120,000 Bitcoin options bet to a more conservative $100,000 bet. Currently, the $100,000 call option leads with a notional open interest of $1.55 billion, reflecting a reassessment of bullish expectations. In contrast, the $120,000 call, previously leading, has dropped to ...
Bitcoin Cash (BCH) has seen a price increase of over 7%, currently trading at around $342, after testing its key support level. Positive on-chain metrics, including a record-high transaction rate, indicate growing interest and activity on the BCH network. Additionally, open interest in BCH futures has surged, pointing to potential further buying momentum. The price ...
Recent historical trends indicate that Bitcoin (BTC) may have significant growth potential, especially as U.S. inflation poses challenges to its current upward trajectory. The 200-week simple moving average (SMA) for Bitcoin is currently at $44,200, the highest it has ever been, yet still below the previous bull Market peak of $69,000 from November 2021. Traditionally, ...
Crypto analyst Kevin Capital has raised concerns about Bitcoin’s future, pointing to a bearish pattern he believes could lead to a significant price drop, similar to a previous Market crash. He highlighted that this bearish divergence appears on Bitcoin’s weekly chart and is causing him some worry. However, he also noted that after past declines, ...
Crypto analyst Tony Severino has noted that Bitcoin’s upper price band has surpassed $105,400, suggesting potential future movements for the cryptocurrency. He predicts a significant rally could take Bitcoin as high as $170,000, drawing parallels to past price surges. Some Market experts, including Standard Chartered, even suggest an upward movement toward $200,000 is possible by ...
