Bitcoin Shows Strong Bounce, Sets Sights on New All-Time High

Following recent price action around the $65,000 support level, Bitcoin’s bullish momentum appears to be back on track. A solid daily candle and a strong stochastic indicator have traders eyeing the potential for a significant breakout, with the all-time high (ATH) region around $74,000 within reach. $65K Bounce and Solid Momentum This renewed strength in … Read more

Bitcoin Bounces 3.5% Overnight: BlackRock Boosts Confidence in Rally

Bitcoin has bounced back 3.5% from a key demand area today, signaling that bullish momentum is alive and well. After briefly dipping into a critical support zone, the cryptocurrency quickly reversed course, sending a strong message to the market: there’s still plenty of strength left in Bitcoin’s current rally. BlackRock’s Continued Bitcoin Accumulation A key … Read more

Bitcoin Faces High Selling Pressure at $69.5K Due to Geopolitical Tensions

Bitcoin’s much-anticipated run to $70K was cut short as the leading cryptocurrency faced high selling pressure, particularly from Coinbase, around the $69.5K mark. This drop in momentum can be attributed to escalating geopolitical tensions, which have injected uncertainty into global markets. Why the Selling Pressure? Geopolitical instability often drives volatility across financial markets, and the … Read more

Bitcoin Approaches Key Resistance, Market Shows Signs of Slowing Down

The cryptocurrency market is experiencing a cool down as Bitcoin approaches a significant resistance level. After a strong rally, Bitcoin is now hovering near the $66K mark, and recent market indicators suggest that the momentum might be slowing. Traders are keeping a close eye on the daily charts, which have shown some bearish signs. In … Read more

Bitcoin Exchange Flow Multiple – Signals Accumulation

Bitcoin Exchange Flow Multiple is currently flashing some interesting signals for the market. This indicator measures the relationship between the 30-day moving average (30DMA) and the 365-day moving average (365DMA) of Bitcoin flows into exchanges. By tracking these trends, it can offer insights into whether the market is seeing a period of accumulation or heightened … Read more

Bitcoin’s Weekly Chart Looks Bullish: What’s Next for BTC?

Bitcoin’s weekly chart is showing strong signs of bullish momentum, and traders are starting to take notice. Several technical indicators point to the possibility of a significant price rally, with key resistance levels in sight and bullish patterns forming on higher timeframes. As Bitcoin hovers near a potential consolidation zone, many are wondering: is this … Read more

Bitcoin STH SOPR – A Glimpse into Short-Term Holder Behavior

Bitcoin STH SOPR (short-term holder spent output profit ratio) is an on-chain indicator that provides insight into the behavior of short-term Bitcoin holders. Short-term holders are typically those who have held their Bitcoin for less than 155 days. The STH SOPR looks at whether these investors are selling their Bitcoin for more than they paid … Read more