Bitcoin Price Reversal: Expert Predicts Bullish Outlook

Miner Capitulation as a Bullish Indicator Crypto expert Willy Woo believes Bitcoin’s price may have bottomed out, signaling a potential market reversal. Miner capitulation, where miners sell off their holdings, has historically indicated a subsequent price surge. Technical Analysis Suggests Price Reversal Woo’s analysis shows a TD9 reversal signal on Bitcoin’s daily chart, suggesting a…

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Bitcoin Miner Selling Slows: A Turning Point?

Reduced Miner Selling CryptoQuant analyst Crypto Dan has observed a decline in miners selling Bitcoin. Miners have been major sellers in recent months, contributing to the market downturn. However, the recent reduction in selling pressure suggests a potential shift. Market Absorption The market appears to be absorbing the miners’ sell-off. The volume and frequency of…

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German Government Sells More Bitcoin, Affecting Market

Ongoing Sell-Off The German government has continued to sell off its Bitcoin holdings. Today, the Federal Criminal Police Office (BKA) sold about 2,786 BTC, worth around $67 million. Transfers to Exchanges Five of the transactions were direct transfers to crypto exchanges and market makers, suggesting the government intends to sell. The largest transfers included: 125…

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Bitcoin’s Bearish Trend: What’s Next?

Bitcoin recently hit a roadblock at $62,498, indicating that the bears are in control. This failure to break through a key resistance level suggests that selling pressure is strong and could lead to further declines. Technical Indicators Point to Bearishness Technical indicators on both the 4-hour and 1-day charts show that Bitcoin is in a…

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