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Bitcoin has been a rollercoaster ride lately, but a crypto analyst warns it’s not over yet. Analyst Predicts Bitcoin Crash to $35,000 Alan Santana, a crypto analyst, predicts a possible Bitcoin crash to $35,000. He believes the maximum pain point for Bitcoin is between $34,900 and $42,855. This means Bitcoin could drop up to 45%…
Bitcoin (BTC) is approaching a crucial resistance level of $64,515, setting the stage for a potential price surge. Upward Trend and Resistance Level BTC has been on a steady upward trend, gaining investor confidence. Breaking through the $64,515 resistance could trigger a major rally, potentially pushing BTC to new highs. Technical Indicators 4-hour chart: Bullish…
Investors Place $500 Million Bids Below Current Price Bitcoin is off to a strong start this week, suggesting the recent correction may be over. On-chain data, price history, and strategic transactions all point to a positive July for the cryptocurrency. Despite short-term volatility, many investors remain optimistic about Bitcoin’s long-term prospects. One notable trend is…
Trading Activity Takes a Nap Bitcoin, known for its 24/7 accessibility, has seen a dramatic decline in weekend trading volumes. According to Kaiko, these volumes have dropped from 28% in 2019 to a mere 16% in 2024. Institutional Influence This decline coincides with the launch of spot Bitcoin ETFs in the US, which can only…
Over the weekend, Bitcoin (BTC) soared above $63,000, marking a 5.6% jump from its Friday low of $60,000. This unexpected rally sparked speculation about the underlying causes. Here are three key factors that may have contributed: Mysterious Whale Activity A mysterious “whale” has been making significant purchases in the Binance futures market, according to DeFi^2,…
Exchange Reserve Surge Data from CryptoQuant shows that over 14,000 BTC (worth $851.2 million) has been deposited into exchanges in the past four days. This surge in exchange reserves suggests that investors are preparing to sell their Bitcoin. Selling Pressure Typically, an increase in exchange reserves indicates increased selling pressure. Investors often use exchanges to…
Despite recent price dips, Bitcoin has seen a surge in interest from retail investors. Retail Investors Return According to crypto analyst Ali Martinez, the number of new Bitcoin addresses reached a high of 352,124 on Friday. This is the highest level since April and breaks a downtrend that has been in place since November 2023….
Crypto analyst Zen has identified several liquidity pools that could influence Bitcoin’s price in July and beyond. Potential Downside Liquidity Pools $60,260 $59,440 $58,990 $56,850 If these pools are cleared, it could lead to a significant price drop, potentially down to $53,000. Potential Upside Liquidity Pools $61,540 $62,540 $63,260 $64,920 Clearing these pools could push…
Current Situation Bitcoin has taken a hit, dropping 7% to $59,478 last week. It’s since tried to recover but has been stuck between $60,100 and $62,300. Bollinger’s Prediction John Bollinger, the creator of the Bollinger Bands, believes Bitcoin will continue to consolidate. He sees no clear direction after a price reversal at the lower Bollinger…
The Dip Bitcoin has been taking a hit lately, falling as low as $59,500. Investors are hoping the worst is over, but it’s hard to say if Bitcoin is ready to bounce back. Support Level to Watch CryptoQuant, a crypto intelligence firm, has identified a crucial support level for Bitcoin: $56,000. This level has acted…
