The recent surge of Bitcoin has caught the attention of the entire cryptocurrency community. Bitcoin goes past important barriers and opens new prices. The trading volume has gone up, and the market has shown more interest in BTC and, consequently, the price of a Bitcoin is expected to hit $155,599 ... Read more
Bitcoin could be entering a strong Wave 5 which could push the price to new heights. In a recent post on X, Egrag Crypto highlights a target range of $120,000 to $170,000 for BTC based on a technical analysis using Elliott wave theory which is a technique that follow the ... Read more
According to the analytical platform IntoTheBlock, short-term traders are active in the market again, while the stake of long-term ones remains low. On Wednesday, the platform pointed to a 25% rise in the balance of short-term Bitcoin holders since September. This activity increase points towards change in behavior of the ... Read more
CryptoQuant recently reported that the open interest in Bitcoin has hit a record $19.8 billion. This increase in open interest signal a ramp up in investors’ involvement and market depth in the BTC futures and options market. Funding rates have also reached their peak positive levels since August of this ... Read more
In the current market, Bitcoin is behaving in a way similar to prior bull cycles. The on-chain analytics service provider CryptoQuant noted that the current price action of Bitcoin resembles the ones in 2013 and 2020 when long-term investors bought BTC during two major bull run phases before the final ... Read more
The market of Bitcoin has shown high volatility because the traders got carried away by greed and hence most of them got liquidated. The analytics platform, Santiment, highlighted that the market sell-off occurred after a record number of longs opened on exchanges such as dYdX. The bears took control of ... Read more
Bitcoin’s price regains focus with the token now trading at over $61,000 as key market indicators hint at massive upside for the month. Crypto Rover in a recent YouTube video pointed out that the four-year cycle observed in BTC, which has always indicated a major rally in prices. This type ... Read more
Bitcoin outflows have been noted to rise to their highest level since March, as witnessed by the data from the analytical platform CryptoQuant. On August 5, outflows reached 19,000 BTC from miner wallets, which sparked concerns regarding miner capitulation. This sudden increase in outflows suggests that numerous miners might have ... Read more
