Bitcoin price fell 5% within the 24-hour timeframe on March 20, hitting a 14-day low of $60,761 critical market data trends suggests more downside could follow. Bitcoin price continues to face bearish headwinds as short-traders seize control of the BTC derivatives markets ahead of the upcoming US Fed. rate announcement Is BTC price on the brink of a major...
Bitcoin (BTC) and cryptocurrency analyst Ali-Charts identified three critical prices that serve as support levels for the largest digital asset in the world. According to the on-chain observer citing Glassnode data, $61,100, $56,685, and $51,530 should cushion against further Bitcoin dips. Conversely, $66,990 and $72,88 have emerged as the following resistance levels to break after BTC set a...
Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices. The internal investigation follows a recent rapid drop in Bitcoin’s value on the platform. On Monday, Bitcoin’s valuation against the USDT stablecoin plummeted to $8,900 on BitMEX, while BTC maintained a value above $66,000 on other trading platforms. Bitcoin’s price on BitMEX...
Bitcoin’s price started the week positively, rising to a daily peak of $68,884. However, with BTC long-term holders booking profits ahead of the halving event, the rally could be short-lived. On March 18, the Bitcoin price unsuccessfully attempted to reclaim the $70,000 territory. On-chain data trends provide insights into major bearish catalysts that could impact the...
Standard Chartered Bank has revised its forecast for Bitcoin’s price, anticipating a significant surge in value up to $150,000 by the end of 2024. Previously predicting a milestone of $120,000, this upward revision follows a period of “sharper-than-expected price gains” for Bitcoin (BTC). Furthermore, the bank envisions even more substantial gains in the following year, with a forecasted...
According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in...
Bitcoin continued an impressive run toward its previous all-time high, eliciting vigilance suggestions from Matrixport’s co-founder, who believes a correction is due. Matrixport co-founder Daniel Yan tweeted that a market retrace of as much as 15% may be on the cards sometime in April, the same period industry participants anticipate the quadrennial Bitcoin (BTC) halving, which will slash...
Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run. In the past two days, Bitcoin (BTC) has risen from $51,000 to hitting $64,000 briefly today. The price rise has resulted from the Bitcoin ETF and the upcoming halving event, where investors buy up more than what is mined daily. For...
As Bitcoin’s price grazed the $64,000 milestone on Feb. 28, market indicators indicate an imminent rally to new all-time highs above $70,000. Bitcoin (BTC) grabbed headlines again on Feb. 28, as prices surged to a daily timeframe peak of $64,000, its highest in 830 days. With whale investment metrics still flashing green signals, a new all-time...
