Tag Archives: Bitcoin Technical Charts

Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs

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Bitcoin has experienced a whirlwind of volatility following its recent all-time high of $93,483 set on Wednesday. Over the past few days, the price has oscillated between this record level and a low of $85,100, indicating the potential onset of a consolidation phase before the next major move. Traders and investors are now closely monitoring… Continue reading Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs→

Bitcoin Trader Unrealized Profit Margins At High Levels – Risk Of Correction?

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Bitcoin set a new all-time high yesterday, reaching $93,483, continuing its impressive rally without significant setbacks. Over the past nine days, the crypto leader has surged with minimal dips, not falling more than 5% during this bullish phase. This relentless price action has drawn widespread attention as Bitcoin defies expectations and resists any notable pullback.… Continue reading Bitcoin Trader Unrealized Profit Margins At High Levels – Risk Of Correction?→

Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80%

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Bitcoin experienced an explosive surge yesterday, with bulls driving the price to a new all-time high (gain) at $89,980. This relentless uptrend highlights growing optimism among investors as Bitcoin continues to break new ground.  Renowned trader and analyst Cheds recently shared a compelling technical insight, noting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing… Continue reading Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80%→

Bitcoin Data Reveals Bulls Are Growing But Still Behind March 2024 Peak – Details

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Bitcoin has proven unstoppable, breaking all-time highs five times in six days and surging past the $82,000 mark. This latest milestone cements Bitcoin’s momentum as it pushes into uncharted territory, capturing the bulls’ attention and sparking new levels of optimism in the market.  According to recent data from CryptoQuant, the number of bullish investors is… Continue reading Bitcoin Data Reveals Bulls Are Growing But Still Behind March 2024 Peak – Details→

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?→

Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead

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Bitcoin has been trading in a tight 4-hour range between $71,300 and $73,300 since Tuesday, setting the stage for a significant move in the coming days. Analysts and investors closely watch this range as BTC inches closer to its all-time high (ATH).  Top analyst Axel Adler recently shared key data from CryptoQuant, noting that trading… Continue reading Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead→

Bitcoin Short Positions Face Serious Risk Above $68,500 – Details

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Bitcoin has experienced a volatile week, with prices oscillating between a local high of $69,500 and a low of $65,000. After weeks of excitement and upward momentum, the market has cooled off, and BTC is currently consolidating below the critical $70,000 level. This consolidation phase is crucial as traders assess the next potential move for… Continue reading Bitcoin Short Positions Face Serious Risk Above $68,500 – Details→

Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?

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Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level. This key threshold is seen as a trigger for intensified buying pressure if… Continue reading Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?→

Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside

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Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend.  Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders… Continue reading Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside→