TAG: bitcoin technical analysis
Bitcoin (BTC/USD) Soars Amidst Surging ETF Inflows
Increased investor confidence fueled by a $1.04 billion inflow into Bitcoin Spot ETFs. Bitcoin miners, particularly in the US, are accumulating Bitcoin in anticipation of another potential rally, with Marathon Digital Holdings aiming to significantly inc...
2 months ago
Crypto Update – Bitcoin (BTC) and Solana (SOL) Lead the Rebound
Bitcoin’s recent price drop is its largest since late 2022, but the current downtrend appears shallower than previous cycles. Factors contributing to the dip include Mt. Gox repayments and Bitcoin sales by the German government. Solana saw a boost follow...
2 months ago
Trump Courts Crypto Fans Amid Bitcoin’s Battle to Break $70k Barrier
Bitcoin’s price approached the $70,000 psychological mark but faced rejection. Open interest in Bitcoin futures’ has reached a new all-time high, suggesting that investor demand for the world’s largest cryptocurrency is increasing. Factors influencing Bi...
2 months ago
Bitcoin (BTC/USD) Eyes Acceptance Above 200-day MA, ETF Flows Remain Positive
Bitcoin’s price is flirting with a break above the 200-day moving average and the 65k handle. However, downside risks persist, including profit-taking potential and concerns about Mt. Gox repayments impacting Bitcoin’s supply. Technically, a daily candle...
1 day ago
Bitcoin (BTC/USD) Holds Recent Gains on Positive ETF Flows
Bitcoin prices rebounded due to increased ETF inflows, ending an 8-day outflow streak. BlackRock warns of continued market volatility, citing recession concerns, US election anxiety, and investor sell-offs. On-chain data indicates decreased investor enga...
1 day ago
Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue
Bitcoin’s price faces downward pressure amid global recession fears and ETF outflows. Short-term Bitcoin holders are feeling the pain, while long-term investors remain profitable. A deeper pullback is possible, with Bitcoin currently 22% below its all-ti...
1 day ago