Tag: bitcoin

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 30) – Is Bitcoin Brewing For Another Rally With This Hidden Bullish Formation?

After experiencing a little setback due to a drop from around $69,500, Bitcoin ended last week’s trading a bit strong as it formed a new bullish pattern. The price is up 1% today following the latest recovery.  From a technical standpoint, Bitcoin’s landscape has changed to the upside in the […]

Crypto, News

Babylon Protocol Achieves New Milestone With $1.6 Billion In Staked Bitcoin

Babylon Protocol has reached a major milestone by successfully completing its second staking round, signaling strong momentum in the Bitcoin staking ecosystem. On October 8th, Babylon significantly boosted its staked Bitcoin holdings, increasing deposits from 1,000 BTC to 24,000 BTC—valued at approximately $1.6 billion. This remarkable growth highlights the platform’s […]

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 22) – Bitcoin Sees Rejection After Rallying 7% In A Week, Can It Break $70k?

The continuous recovery in Bitcoin’s price has restored bullish hope and sentiments are now turning positive daily in the market. While the price reached a critical level, it may retrace a little before resuming bullish. Bitcoin’s performance has been awe-inspiring in the past month as the price continued to break […]

Crypto, News

Bitcoin Sees Surge In Active Addresses And Institutional Interest

Bitcoin has witnessed a notable resurgence in active addresses since September, marking a significant turnaround from a period of subdued performance. The metric for Bitcoin Active Address Momentum has surpassed both monthly and yearly moving averages, indicating a robust increase in user engagement and potential demand. Historically, such trends have […]

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 15) – BTC Foots Big Moves, Will It Break Out Of Its Channel This Time?

Last Thursday, Bitcoin reestablished support above the important $60k level following a quick recovery from a small retracement phase. The price currently appears strong as it resurges on a daily scale. Bitcoin’s price is growing stronger daily but trading is still captured in a falling channel for over seven months. […]

Crypto, News

Bitcoin And Ethereum Options Set To Expire: $1.57 Billion In Play As Key Price Levels Emerge

As the crypto market braces for the upcoming expiration of Bitcoin and Ethereum options, traders are closely watching pivotal price levels. A significant $1.10 billion in Bitcoin options and $466 million in Ethereum options are set to expire, bringing the “max pain” price into focus—$62,000 for Bitcoin and $2,500 for […]

Crypto, News

Institutional Demand For Bitcoin Surges as U.S. Spot ETFs Control $58 Billion, Sparking Market Uncertainty

The appetite for Bitcoin among institutional investors is growing rapidly, with U.S. spot ETFs now holding an impressive $58 billion worth of the cryptocurrency. This amount represents approximately 4.6% of Bitcoin’s total circulating supply. Investment giants such as BlackRock, Fidelity, and Grayscale are actively buying Bitcoin, focusing their purchases within […]

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 7) – BTC Resumes Bullish After A Short Pullback, Is $70k The Next Key Target?

Bitcoin fundamentally opened this month on a short after failing to push above $67k in the previous month. However, it appears to have found a strong footing and is now climbing back on a daily scale. The recent monthly drop in Bitcoin’s price was seemingly triggered by the new conflict […]