Tag Archives: bitcoin

Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes

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A crypto analyst believes that Bitcoin remains a very risk-on asset that is linked to the shifts in the macroeconomic landscape. Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory. This might have been due to macroeconomic uncertainty and political factors. ‘Very… Continue reading Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes→

Is Bitcoin Finding a Bottom? What The UTXO Data Is Telling Us

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Bitcoin’s price recently experienced another significant downturn, falling below $80,000 earlier today—a nearly 20% decrease in just the past week. This prolonged slump highlights the broader challenges facing the market, with minimal signs of recovery in sight. Amid this turbulent price activity, insights from tugbachain, a contributor to the CryptoQuant QuickTake platform, have shed light… Continue reading Is Bitcoin Finding a Bottom? What The UTXO Data Is Telling Us→

Bitcoin And Altcoins Rebound As US Inflation Cools—Is The Downtrend Over?

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US inflation data has injected renewed optimism into the Bitcoin and broader cryptocurrency markets. In January, the Personal Consumption Expenditures (PCE) inflation—the Federal Reserve’s preferred measure—fell to 2.5%, precisely in line with expectations. Core PCE inflation was reported at 2.6%, also matching forecasts, marking the first decline in PCE inflation since September 2024. Bitcoin And… Continue reading Bitcoin And Altcoins Rebound As US Inflation Cools—Is The Downtrend Over?→

Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned?

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Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Bearish Sentiment Takes Hold EgyHash notes that Binance, one… Continue reading Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned?→

Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner?

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Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000. Bitcoin Fills CME Gap, Is It Time For Rebound? With today’s dip, BTC has now filled every CME… Continue reading Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner?→

Bitcoin Weekly Close Key For A Retest Of $93,000 – ‘Weekend Relief’ Coming?

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This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over… Continue reading Bitcoin Weekly Close Key For A Retest Of $93,000 – ‘Weekend Relief’ Coming?→

Will Bitcoin Drop Even Lower? Here’s What Experts Predict

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Bitcoin is experiencing a severe downturn over the past few days. After trading above $96,000 on Monday, its price slipped below $80,000 today for the first time since November 11. This rapid decline marks a nearly 18% slump since the start of the week. From its all-time high of $109,588 on January 20, Bitcoin has… Continue reading Will Bitcoin Drop Even Lower? Here’s What Experts Predict→

Bitcoin Boom’s Expiry Date? CryptoQuant CEO Reveals Timeline

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Many people wonder about the length of Bitcoin’s rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju. Should this be the case, it could signal the longest ever Bitcoin bull cycle. Variations In Bitcoin’s Growing Rate Ju created a… Continue reading Bitcoin Boom’s Expiry Date? CryptoQuant CEO Reveals Timeline→

Bitcoin CME Gap Is Still Open, Why $78,000 – $80,700 Are Very Important

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A new Bitcoin Chicago Mercantile Exchange (CME) gap has just been opened around $78,000 and $80,700. Analysts warn that this price range could act as a magnet for further downturns in the Bitcoin price, making it a critical area to watch in the coming days. According to crypto analyst Rekt Capital on X (formerly Twitter),… Continue reading Bitcoin CME Gap Is Still Open, Why $78,000 – $80,700 Are Very Important→

Market Jitters: Bitcoin Dives, $80K Breakout in Jeopardy

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Bitcoin price started a fresh decline below the $85,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $86,500 zone. The price is trading below $82,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming… Continue reading Market Jitters: Bitcoin Dives, $80K Breakout in Jeopardy→