Tag Archives: Bitcoin News

Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000

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Bitcoin bear case scenario that could see the pioneer cryptocurrency decline to $28,000.  Bitcoin Bear Case Unveiled In an X (formerly Twitter)bearish scenario for Bitcoin than most analysts have suggested. Basing his bearish scenarios on the cycle theory, Loukas proposes that Bitcoin might be part of the broader 16-year cycle, with the current market marking… Continue reading Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000→

Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows

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The spot Bitcoin ETFs (exchange-traded funds) in the United States have recorded their first net outflow day in the past seven days. This negative single-day performance ended what was another impressive weekly outing for the crypto investment products. Bitcoin ETFs Shine While Ethereum ETFs Continue To Struggle After a strong performance throughout the month of … Continue reading Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows→

Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels – Time To HODL?

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Bitcoin is showing resilience, holding firm above the $69,000 mark after a slight pullback from recent local highs at $73,600. Following weeks of bullish momentum and nearing its all-time high, BTC has settled just below the critical $73,794 resistance, a key level that, if surpassed, would push the cryptocurrency into price discovery mode.  According to… Continue reading Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels – Time To HODL?→

Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?

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Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym ‘datascope,’ has highlighted the relevance of the UTXO Block Profit/Loss (P/L) Count Ratio Model. This tool offers unique insights into the balance of profitability and losses among… Continue reading Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?→

Bitcoin Price Correction Triggers $296 Million In Liquidations – Can BTC Still Hit ATH?

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Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some losses. Liquidation Data At A Glance Although BTC is trading close to its all-time high (ATH) value of $73,737, yesterday’s quick drop in price cast doubts on whether the top digital asset will be… Continue reading Bitcoin Price Correction Triggers $296 Million In Liquidations – Can BTC Still Hit ATH?→

Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?

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Mt. Gox, which was once the largest cryptocurrency exchange globally before its shutdown in 2014, recently transferred 500 Bitcoin (worth roughly over $34 million) to two unidentified wallets. This transaction, conducted early Friday, marked the first transfer from the defunct exchange since late September of this year. Details Of The 500 BTC Transfer Blockchain analytics… Continue reading Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?→

Bitcoin Price Slides Below $70,000: These Are The Key Reasons

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The Bitcoin (BTC) price has experienced a significant downturn over the past 24 hours, falling below the critical $70,000 threshold. After reaching a peak of $73,620 on Tuesday, the cryptocurrency has declined by approximately 5.7%, hitting a low of $68,830 on Friday. Analysts point to several key factors behind this decline: #1 Risk-Off Sentiment Ahead… Continue reading Bitcoin Price Slides Below $70,000: These Are The Key Reasons→

Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?

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Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC’s price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement.  However, in the past 24 hours,… Continue reading Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?→

How To Trade Bitcoin During The US Election, Expert Reveals

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As the United States approaches its presidential election on Tuesday, November 5, 2024, the Bitcoin market is bracing for significant volatility. In the lead-up to the election, Bitcoin surged to a high of $73,620 on Tuesday, likely reflecting investor optimism over a potential victory for former President Donald Trump. However, by Friday, the BTC price… Continue reading How To Trade Bitcoin During The US Election, Expert Reveals→

Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor

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According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’  In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside’ for both BTC and gold, as retail investors increasingly… Continue reading Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor→