Bitcoin’s price has recently touched $85,000, sparking excitement among traders as signs of a potential trend change emerge. Over the weekend, Bitcoin rose by 1.5%, contributing to a positive shift in the broader crypto Market, including major altcoins. Analysts highlight a promising setup in the relative strength index (RSI), indicating the possibility of a bullish ...
Bitcoin has struggled to regain momentum after falling below $100,000 earlier this month, currently trading around $96,725. This stagnation has traders anxious about what could trigger the next significant price change. Analyst Amr Taha highlights that recent liquidations of “late longs”—traders who buy in after prices rise due to fear of missing out—have been notable. ...
An analyst recently highlighted the significance of the crossover between Bitcoin’s Realized Price and its 200-week moving average (MA) for the cryptocurrency’s future. The Realized Price reflects the average cost at which Bitcoin investors acquired their assets. When Bitcoin’s spot price exceeds this level, holders experience net unrealized profits; if it’s lower, the Market faces ...
