Category Archives: Bitcoin News

Not Time To Buy Yet? Bitcoin Faces Pressure As Standard Chartered Predicts Further 10% Drop

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Earlier this morning, Bitcoin (BTC) hit a yearly low of $86,888 amid a broader market downturn. According to data from CoinGlass, the crypto market sell-off led to over $1.5 billion in liquidations in the past 24 hours, impacting 394,944 traders. More Downside For Bitcoin? After trading in the mid-$90,000 range for several weeks, BTC crashed… Continue reading Not Time To Buy Yet? Bitcoin Faces Pressure As Standard Chartered Predicts Further 10% Drop→

Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying

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Bitcoin’s price has continued its decline, dropping below several key levels in recent days. As of now, Bitcoin is hovering just above $87,000, marking a weekly drop of around 7.7% and a 19.6% decline from its all-time high of over $109,000 recorded earlier this year. Amid this downturn, various market analysts have taken to social… Continue reading Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying→

Bitcoin Faces Internal and External Pressure—Is a Rally Still Possible?

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Bitcoin’s price has faced a dramatic downturn, falling below $90,000 and reaching as low as $87,000 levels today. This steep decline places the cryptocurrency further away from its January all-time high of over $109,000. The sharp sell-off comes amid both internal and external challenges, leaving investors uncertain about what lies ahead. While the market struggles… Continue reading Bitcoin Faces Internal and External Pressure—Is a Rally Still Possible?→

Bitcoin Headed For $72,000? These Metrics Could Hint So

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Bitcoin has seen a crash to the $87,000 level in the past day, but if on-chain data is to go by, the plunge could get much deeper. Bitcoin Has Lost An Important Support Level With The Crash In a new post on X, the on-chain analytics firm Glassnode has discussed about how some Bitcoin indicators… Continue reading Bitcoin Headed For $72,000? These Metrics Could Hint So→

Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen?

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On-chain data shows a Bitcoin indicator is currently retesting a level that has historically acted as a boundary line between bearish and bullish momentum. Bitcoin Short-Term Holder SOPR Is Retesting 1.0 Right Now In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the BTC Spent Output… Continue reading Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen?→

Bitcoin Faces Serious Price Compression – What Happened Last Time

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Bitcoin has experienced a tiring price action in recent weeks, with the price struggling to set a clear short-term direction. Investors are beginning to feel impatient as BTC remains stuck in a tight range, showing no decisive breakout. The price was testing crucial supply between $98K and $100K when the market was hit by negative… Continue reading Bitcoin Faces Serious Price Compression – What Happened Last Time→

Bitfinex Whale Activity Increases As Bitcoin Approaches $100k—Further Surge Ahead?

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Following a lackluster performance in recent weeks, Bitcoin appears to be seeing a steady recovery with its price now approaching the $100,000 price mark. Particularly, so far, BTC has managed to regain some of the losses shedded in recent weeks with its price now hovering above $98,000, marking a 2.6% increase in the past 7… Continue reading Bitfinex Whale Activity Increases As Bitcoin Approaches $100k—Further Surge Ahead?→

As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains

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According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency.  Bitcoin Local Bottom On The Horizon? Bitcoin continues to trade just below the psychologically significant $100,000 level, hovering at $98,650 at the time… Continue reading As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains→

Bitcoin RHODL Momentum Slowing Down—Analyst Warns Pattern ‘Not Ideal’

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An on-chain analyst has pointed out that the Realized HODL (RHODL) Ratio indicator is on the way down, a sign that may not be positive for Bitcoin. Bitcoin RHODL Has Been Losing Momentum Recently In a new Realized HODL (RHODL) Ratio” is an on-chain metric that calculates the ratio between any two given RHODL wave… Continue reading Bitcoin RHODL Momentum Slowing Down—Analyst Warns Pattern ‘Not Ideal’→

Bitcoin Open Interest Climbs—Is a Market Breakout Around the Corner?

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Bitcoin has gradually been recovering with its price now hovering above $97,000 as of today—a noticeable increase from the $94,000 price mark seen earlier this week This upward movement comes as analysts highlight significant trends in the perpetual futures markets that may indicate a substantial shift on the horizon. Bitcoin’s Open Interest Points to Possible… Continue reading Bitcoin Open Interest Climbs—Is a Market Breakout Around the Corner?→