Bitcoin is showing strong potential for a rally towards $100,000, supported by technical patterns and onchain data. Several indicators, including a double-bottom formation and a bull pennant, suggest upward momentum. The $100K level is a key target, with many traders eyeing potential buy opportunities. Recent liquidity data indicates a cluster of short positions around this ...
Bitcoin’s value against gold could drop significantly by 35% due to negative Market trends and historical patterns. Recently, the Bitcoin to Gold ratio fell below a key moving average for the first time since April 2022, suggesting potential further declines. Historically, when this ratio dips below certain levels, it often leads to Bitcoin prices also ...
On April 21, Bitcoin’s price surged to $87,400, marking a significant increase of over $3,000 in less than a day. This uptick comes amid a weakening US dollar and increasing investor uncertainty. Analysts are noting a shift in Bitcoin’s correlation, suggesting it may start moving independently from traditional assets like stocks, instead aligning more with ...
In a recent Market update, analyst Rekt Capital discussed Bitcoin’s latest dip, comparing it to previous bull cycles, particularly the 2017 pattern of corrections. He coined the term “banana zone” to describe the parabolic phase Bitcoin often reaches. Rekt Capital believes the current price drop is a typical correction and reassured traders that Bitcoin is ...
Bitcoin has recently surged past the $85,000 mark, fueled by optimism following a 90-day pause on tariffs announced by former President Donald Trump. This rally, marking a 15% increase, has sparked renewed interest among traders. However, experts caution that the surge is largely driven by leveraged positions, raising concerns about potential volatility and sharp Market ...
Bitcoin has fallen below the key $80,000 mark, driven down by worries over tariff impacts on the U.S. stock Market. As of Sunday evening, the cryptocurrency dropped about 5%, raising concerns of increased Market volatility. A troubling technical pattern called the “death cross” has emerged, indicating potential further price declines. Investors should keep an eye ...
Bitcoin, the top cryptocurrency, has been facing volatility since reaching a record high of over $109,000 in January 2024. Currently, it stands at around $82,000, reflecting a slight weekly decline of 0.6%. Analyst Crypto Dan notes that Bitcoin’s trading volume over the past six to twelve months indicates the flow of capital in the Market, ...
Bitcoin is approaching a concerning “death cross,” a technical signal that suggests it may face upcoming losses. This occurs when the 50-day moving average of Bitcoin’s price falls below the 200-day average. Currently, there’s a gap of about $2,000 between these averages, indicating that this sell signal could appear soon. Historically, such signals have led ...
Bitcoin faced a setback on March 28, dropping 3.5% to an intraday low of $84,120 after a positive start to the week. This price drop occurred just below a key trendline and threatens to push BTC below its 200-day exponential moving average, possibly leading to further declines. Analysts suggest that if liquidity conditions stay the ...
Bitcoin experienced a decline of 3.5% on March 28, dropping to an intraday low of $84,120 after initially starting the week positively. This price rejection occurred near a descending trendline and the upper range of an ascending channel. Currently, Bitcoin is below the 200-day exponential moving average, which may lead to further losses if it ...
