Tag: Bitcoin (BTC) Price

Bitcoin Spikes to a 2-Month High Above $42K: Up 25% in July (Market Watch)

Bitcoin Spikes to a 2-Month High Above $42K: Up 25% in July (Market Watch)

Bitcoin has initiated another leg up, resulting in charting a new two-month high of just over $42,000. Apart from Chainlink, most alternative coins trail behind, and BTC’s market dominance has increased to well above 48%. Bitcoin Taps a 2-Month High As reported earlier this week, bitcoin went on a tear after dabbling with the $33,000 […]

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Local-Top Indicators Flash for Bitcoin: 3rd Biggest Whale Sent 3,000 BTC to Coinbase

Local-Top Indicators Flash for Bitcoin: 3rd Biggest Whale Sent 3,000 BTC to Coinbase

BTC’s recent 9 daily candle streak to the upside has been very impressive. We have been tracking the third-largest BTC whale wallet and found interesting activity and signals. The whale entity, at one point, held over 116,841 BTC. Its current total BTC holdings stand at 113,841. The recent sales from this address since April 2021 […]

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Bitcoin Stagnant Amid $40K: Solana Soars 14% (Market Watch)

Bitcoin Stagnant Amid $40K: Solana Soars 14% (Market Watch)

After gaining $6,000 in a few days, bitcoin’s price has calmed around the coveted $40,000 mark. Some alternative coins have outperformed their leader in the past 24 hours with notable gains from XRP, UNI, LINK, and SOL. SOL Rises 14% as ETH Touches $2.4K The past several days have been highly bullish for the alternative […]

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Massive Outflows See Bitcoin Exchange Balances Plummet to 2018 Levels

Massive Outflows See Bitcoin Exchange Balances Plummet to 2018 Levels

According to data from on-chain analytics provider Glassnode, Bitcoin exchange balances have dropped to the lowest levels since the deep crypto winter of late 2018. Market analyst, Will Clemente, has observed the metric noting there have been two more large outflows over the past 24 hours. “Two massive outflows today: one worth 23,530 BTC this […]

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Bitcoin Price Analysis: After 22% Weekly, Is BTC Set for Correction?

Bitcoin Price Analysis: After 22% Weekly, Is BTC Set for Correction?

Bitcoin is up by an impressive 22% this week as it currently battles with the $40K resistance area. As mentioned before, for the past two months, bitcoin’s price was trading between $30K and 42K. This week saw its highest point since June 15 ($41.3K according to BItstamp). The past week has been promising for BTC, […]

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For The First Time Since May 12th: Bitcoin Fear and Greed Index is Neutral

For The First Time Since May 12th: Bitcoin Fear and Greed Index is Neutral

For the first time since May 12th, the well-known cryptocurrency market Fear and Greed Index is in the neutral zone. Before that, it was in a prolonged state of either fear or extreme fear. Bitcoin Fear and Greed Index Goes Neutral It goes without saying that the cryptocurrency market (as well as other markets) is […]

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Analysis: Bitcoin is Undervalued, 2021 Bull Run Hasn’t Topped Yet

Analysis: Bitcoin is Undervalued, 2021 Bull Run Hasn’t Topped Yet

Bitcoin’s recent 55% drop from all-time highs may have done technical damage to the charts, but analysis strongly suggest BTC is still in a bull market. According to on-chain analyst “Gaah Cordeiro”, BTC is still in a bull market as shown by the MVRV Onchain metric. What is MVRV? MVRV stands for Market Value to […]

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Bitcoin Tests $40K: Ripple Price Spikes 15% (Market Watch)

Bitcoin Tests $40K: Ripple Price Spikes 15% (Market Watch)

And just like that, the entire market is swimming in a sea of green today. Bitcoin pushed past $40,000 earlier, while a lot of other cryptocurrencies, such as Ripple’s XRP, popped off. Bitcoin Pushing $40K The past 24 hours have been splendid for Bitcoin as its price managed to push all the way up from […]

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Bitcoin Facing Critical 2-Month Resistance, Will The Uptrend Continue? (BTC Price Analysis)

Bitcoin Facing Critical 2-Month Resistance, Will The Uptrend Continue? (BTC Price Analysis)

Bitcoin is up by a whopping 25% during the week as the primary cryptocurrency reached over $40K yesterday – the highest point since June 15, 2021. As shown on the charts below, BTC price broke above a falling wedge formation toward the end of last week and eventually managed to climb above the key resistance […]

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Bitcoin Price to $5 Million? S2F Model Creator Explains His Long-Term Prediction

PlanB, a quantitative Bitcoin analyst and the creator of the popular stock-to-flow (S2F) model, is still very much bullish about the future of the leading cryptocurrency.  The drop in bitcoin’s price within the last three months has raised many questions among crypto traders and analysts on whether or not the bull market is still intact. […]

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