Bitcoin’s price is currently just under $105,000, facing uncertainty about its next movement. To maintain its upward trend, analysts highlight the importance of the $97,877 support level, where investors have accumulated over 101,000 BTC. If Bitcoin stays above this price, optimism for a continued bullish phase remains strong. Nevertheless, if it drops below this support, ...
Bitcoin’s price has fallen below $102,000, down 2.3% from the previous day. Investors are bracing for potential volatility due to the upcoming US Initial Jobless Claims data release. BlackRock’s CEO, Larry Fink, mentioned in a Bloomberg interview that Bitcoin could potentially soar to $700,000 if more people adopt it. The Market is closely watching economic ...
Bitcoin has made headlines by reaching a new all-time high of $109,699, with the $110,000 mark within reach. Investor confidence is bolstered by a shift in Market sentiment, highlighted by a decrease in long-term holders selling their Bitcoin. This indicates a stronger belief in Bitcoin’s value and potential growth. Additionally, smaller investors are increasingly accumulating ...
Bitcoin (BTC) is currently facing bearish trends, trading below $91,000. Analysts are scrutinizing key Market indicators to predict its future behavior. CryptoQuant contributor Percival points out that Bitcoin typically experiences increased sell-side pressure during the year’s final months. Despite a recent 13% decline in Open Interest, largely driven by institutional activity, Bitcoin has managed to ...
Bitcoin is currently facing challenges as it struggles to break through and maintain the $100,000 support level. Veteran trader Peter Brandt has drawn parallels with a previous pattern from 2018, suggesting a possible similar trajectory for Bitcoin’s future. He refers to this pattern as Hump-Slump-Pump-Dump, which may indicate upcoming price movements. While the Market sentiment ...
