Tag: btc

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (August 27) – BTC Halts Buying At $65k After A Week Gain, Looking For A Pullback?

Since last week, Bitcoin’s price has increased notably following a sharp rise to $65k. It has paused buying and now looks calm with choppy price actions. A surge above the $70k level should confirm a bullish breakout. Bitcoin started this month rough following a massive breakdown from $63k to $49k […]

Crypto, News

Bitcoin Whales Accumulate Amid Market Recovery As Mining Costs Surge In Q2 2024

Over the past six weeks, Bitcoin’s largest holders, specifically wallets containing between 100 to 1,000 BTC, have increased their holdings by an additional 94,700 coins. This accumulation comes as many traders, shaken by recent market volatility, have exited the crypto space, while key stakeholders have continued to bolster their positions. […]

Crypto, News

BITCOIN PRICE ANALYSIS & PREDICTION (August 20) – BTC Gathers Liquidity For A Major Move, Where Is It Heading Next?

Bitcoin’s price is still weak but has seen a small increase after rejecting $60,300 last weekend. However, it is gathering momentum as it forms a new bearish pattern with a 55.8% dominance at press time.  After tapping $62,750 two weeks ago, Bitcoin marked resistance there and showed signs of weakness. […]

Crypto, News

Bitcoin’s Market Dynamics: Large Wallets Shift To Accumulation Amid Inflation Data

Since Bitcoin’s all-time high (ATH) in March, the cryptocurrency market has seen significant supply distribution across all wallet sizes. However, recent trends indicate a shift, particularly among the largest wallets—often linked to exchange-traded funds (ETFs)—which are now returning to accumulation mode. This trend reversal suggests growing confidence among major holders. […]

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (August 12) – BTC Resumes Drops After Retracement – Is $44k The Next Drop Level To Watch?

Bitcoin’s daily outlook is becoming more bearish with the latest drop, although it remains bullish on the macro level. Selling could get worse as the fear and greed index reaches 50 with a dominance of 56.2%. The fear of missing out – FOMO on Bitcoin’s parabolic bull run has significantly […]

Crypto, News

Bitcoin Surges Past $60,000 As Major Institutional Moves Unfold

In a significant market development, Bitcoin has surged past the $60,000 mark, signaling renewed investor enthusiasm. Recent data highlights notable institutional activity surrounding the cryptocurrency, particularly involving Cumberland and Tether Treasury. Over the past 24 hours, Cumberland has received $73 million in USDT from Tether Treasury. This influx is part […]