Tag Archives: BTC news

Bitcoin Price Crashes Below $103,000—What Triggered It?

Posted on by — No Comments ↓

After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on… Continue reading Bitcoin Price Crashes Below $103,000—What Triggered It?→

Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000

Posted on by — No Comments ↓

Bitcoin has faced a lot of resistance above $110,000, suggesting the bears are trying to keep the digital asset from reclaiming its all-time high levels. This has been obvious with multiple rejections above $110,000 over the last few days, while the bulls have held support above $108,000. This trend plays into an analysis published by… Continue reading Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000→

Bitcoin Price Break Above $107,000 Triggers Bullishness, These Factors Will Drive A Faster Rise

Posted on by — No Comments ↓

After days of testing a resistance zone at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm a strong bullish momentum that has been building since early June. The breakout, which has seen Bitcoin reclaim $110,000 briefly in the past 24 hours, follows several failed attempts to close above this pivotal level.  Technical… Continue reading Bitcoin Price Break Above $107,000 Triggers Bullishness, These Factors Will Drive A Faster Rise→

Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000

Posted on by — No Comments ↓

Bitcoin is once again knocking on the door of price discovery, but researchers at Bitwise Asset Management argue that spot quotations still understate what the network is worth. In their Week 24 Crypto Market Compass circulated late Tuesday, Dr. André Dragosch, Bitwise’s Head of Research for Europe, and analyst Ayush Tripathi calculate that “quantitative models… Continue reading Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000→

Ethereum Staging A Repeat Of Bitcoin’s 2021 Cycle? Here’s The Target

Posted on by — No Comments ↓

With the recent Ethereum price trend, a crypto analyst has pointed out that the altcoin could be looking to stage a similar rally to what was seen with Bitcoin back in 2021. Crypto analyst TradingShot pointed out the similarities in a recent analysis and showing where the price could go if it does play out… Continue reading Ethereum Staging A Repeat Of Bitcoin’s 2021 Cycle? Here’s The Target→

Bitcoin Skyrockets Past $108,000 Amid US-China Tariff Discussions

Posted on by — No Comments ↓

The market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable spike on Monday, surging past the $108,000 mark after a period of consolidation between $100,000 and $106,000 for the past week.  This surge comes as key officials from the United States and China prepare for critical trade negotiations in London, aimed at addressing ongoing tensions and… Continue reading Bitcoin Skyrockets Past $108,000 Amid US-China Tariff Discussions→

Why The Bitcoin Price Could See Another 70%-170% Jump From Here

Posted on by — No Comments ↓

The Bitcoin price is still holding above $100,000 despite suffering a crash right before the weekend. It has since bounced back from the $104,000 level, suggesting that bulls are making their stand at this major psychological level. Now, with the crypto market sitting at what looks to be a critical point, questions are arising about… Continue reading Why The Bitcoin Price Could See Another 70%-170% Jump From Here→

BlackRock’s Bitcoin ETF Becomes Fastest Ever To Reach $70 Billion AUM

Posted on by — No Comments ↓

BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines by amassing a staggering $70 billion in total assets, achieving this milestone faster than any other exchange-traded fund (ETF) in history.  This remarkable feat occurred just 341 days after its launch, according to Bloomberg analyst Eric Balchunas, who noted that IBIT reached this figure five times quicker… Continue reading BlackRock’s Bitcoin ETF Becomes Fastest Ever To Reach $70 Billion AUM→

Bitcoin Weekly Chart Flexes Strength—Is The Moonshot Just Getting Started?

Posted on by — No Comments ↓

Bitcoin is making waves once again, flashing strength on the weekly chart as it closes well above key moving averages. With momentum indicators still favoring the bulls and no signs of exhaustion in sight, the current setup hints that the rally might be far from over. Could this be the beginning of an even bigger… Continue reading Bitcoin Weekly Chart Flexes Strength—Is The Moonshot Just Getting Started?→

Bitcoin Calm Won’t Last—This Week Holds Breakout Risk

Posted on by — No Comments ↓

Singapore-based trading firm QCP Capital opened its Monday note with a blunt assessment: “Implied vols continue to come under pressure, with BTC stuck in a tight range as summer approaches.” In the options house’s telling, the market is drifting into the northern-hemisphere holiday season much as it did a year ago, when one-month at-the-money (ATM)… Continue reading Bitcoin Calm Won’t Last—This Week Holds Breakout Risk→