Bitcoin’s price took a wild ride this week, dipping below $100,000 before bouncing back above $107,000. But despite this recovery, a new trend is emerging that could impact Bitcoin’s future. A Surge in Short Positions A recent analysis from Alphractal highlighted a significant increase in short positions over the past seven days. This means more…
Bitcoin’s price has been stuck in a tight range recently, hovering around $106,000-$107,000. This isn’t just random price action; there’s a fascinating story unfolding behind the scenes. Liquidation Zones: The Price Battleground Crypto analyst KillaXBT has pointed out some crucial “liquidation zones” that are influencing Bitcoin’s price movement. These are price levels where a lot…
Is Bitcoin about to explode? A crypto analyst thinks so, pointing to a fascinating historical pattern. Post-Halving History Suggests a Q3 Rally Every four years or so, Bitcoin undergoes a “halving,” cutting the reward for miners in half. Interestingly, the third quarter (Q3) of the year following a halving has historically seen some serious Bitcoin…
Bitcoin briefly hit $100,000 again, even nearing $108,000, before dropping back down. While impressive on the surface, a closer look reveals a less-than-stellar story. Fueled by Borrowed Money, Not Real Buyers Data shows the recent price surge was largely driven by traders using borrowed funds (leverage) to bet on short-term gains, not new investors jumping…
Bitcoin’s price has been bouncing around lately, hovering between $100,000 and $110,000. While a recent dip below $99,000 sparked some worry, a rebound to $106,000 offered a glimmer of hope for Bitcoin bulls. But a closer look at the data reveals some troubling signs. Is the Bullish Momentum Fading? Recent on-chain data paints a less…
The US Federal Housing Finance Agency (FHFA) just dropped a big one for Bitcoin and the crypto world. They’ve told Fannie Mae and Freddie Mac – the giants of the US mortgage market – to start figuring out how to let people use their crypto as part of their assets when applying for a home…
Bitcoin’s dominance is keeping altcoins down, says one analyst. Until things change, don’t expect a big altcoin rally. Bitcoin’s Reign Supreme Bitcoin’s market dominance is at a high of 65.72%, and it’s not showing signs of slowing down. Both the monthly and weekly Relative Strength Index (RSI) readings are above 70, indicating strong bullish momentum….
Bitcoin held steady last Friday, but things could be about to change. President Trump is reportedly considering replacing Federal Reserve Chair Jerome Powell, which could dramatically alter the Fed’s approach to interest rates and money supply. The Potential Shake-Up Multiple news sources say Trump is seriously thinking about replacing Powell before his term ends in…
An analyst predicts Bitcoin is about to enter its most exciting phase, potentially reaching prices far beyond its previous all-time high. This prediction is based on a fascinating chart and the Elliott Wave theory. A Parabolic Price Surge? Crypto analyst Gert van Lagen believes Bitcoin is following a parabolic pattern. His chart shows a series…
Bitcoin’s price has exploded over the past decade, coinciding with three New York mayoral terms. Let’s look at how this digital currency’s value has skyrocketed. From $754 to $107,000+ When Michael Bloomberg left office in late 2013, Bitcoin was trading around $754. Fast forward to today, and it’s over $107,000! That’s a mind-boggling increase of…
