A trader known for making several accurate calls on Bitcoin says a classic indicator suggests that BTC is on schedule for a bull run next year. Pseudonymous trader and analyst Dave the Wave tells his 140,000 followers on social media platform X that Bitcoin’s monthly moving average convergence divergence (MACD) has fully reset into underbought, […]
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Popular Bitcoin analyst Willy Woo says BTC faces a large obstacle that could foil the king cryptocurrency’s potential for future growth. Woo shares a chart with his 1 million followers on the social media platform X showing the ratio between “paper” Bitcoin, or derivatives that represent BTC, and actual liquid coins. “This is a slide […]
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BTC price action stays firmly within an established range, while analysis shows that overall Bitcoin investor composition is changing.
Bitcoin (BTC) stuck to $26,500 into the Sept. 24 weekly close as exchange trader accumulation continued.
Data from Cointelegraph Markets Pro and TradingView showed BTC price stability holding firm over the weekend.
Bitcoin had delivered a cool end to the Wall Street trading week, having also shaken off macroeconomic volatility catalysts from the United States.
With few cues appearing since, popular trader and analyst Credible Crypto eyed a slow build-up to a trend shift on the Binance order book.
“Looks like we are not ready to make a move yet,” he summarized to X (formerly Twitter) subscribers on the day.
“Meanwhile, two more blocks of bids just filled. The accumulation continues. Maybe we get a slow weekend and start seeing some movement come Monday. Let’s see what tomorrow brings.”
The day prior, fellow trader Skew had hoped for a “liquidity hunt” into the weekly close; this has yet to appear at the time of writing.
$BTC Aggregate CVDs & Delta
— Skew Δ (@52kskew) September 23, 2023
loading the sunday liquidity hunt... pic.twitter.com/qFD1dtDGHO
Further subtle order book changes were noted by Keith Alan, co-founder of monitoring resource Material Indicators, who spied on bid liquidity moving higher toward spot price.
Looks like the #BTC bid liquidity at $26.2k turned into a market order.#FireCharts pic.twitter.com/zJCTafttNK
— Keith Alan (@KAProductions) September 24, 2023
Picking up on active Bitcoin market participants, popular trader and analyst CryptoCon noted a major washout of speculators.
Related: Bitcoin speculators now own the least BTC since $69K all-time highs
Short-term holders (STHs), the cohort of Bitcoin investors who have held their coins for 155 days or less, now control less of the available BTC supply than at any point in over a decade.
Highlighting data from on-chain analytics firm Glassnode, CryptoCon described STH holdings as a “fine powder.”
“In other words, there are more strong Bitcoin holders than ever before!” part of commentary added.
Previously, Cointelegraph reported on the implied losses currently being endured by the remaining STH investors.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Billionaire venture capitalist Chamath Palihapitiya says that risk assets like stocks will likely see major turbulence amid the Federal Reserve’s tight monetary policies. In a new episode of the All-In Podcast, Palihapitiya says that market participants were expecting Fed Chair Jerome Powell to start cutting rates imminently. Last week, however, stocks and Bitcoin (BTC) slid […]
The post Chamath Palihapitiya Warns Stocks and Risk Assets Could See Major Repricing Amid Fed’s ‘Higher for Longer’ Policy appeared first on The Daily Hodl.
A top trader who nailed Bitcoin’s (BTC) 2018 bear market bottom is predicting another leg down for the crypto king. Pseudonymous analyst Bluntz tells his 224,800 followers on the social media platform X that BTC has likely printed a bearish lower-high setup after it failed to take out its resistance at $27,000 last week. According […]
The post Top Trader Says Bitcoin Bottom Not in Yet, Predicts New Six-Month Lows for BTC – Here’s His Downside Target appeared first on The Daily Hodl.
Distressed debt investors are reportedly gobbling up hundreds of millions of dollars worth of bankrupt crypto exchange FTX’s claims. According to a new Bloomberg report, an analysis of their records indicates that investment firms such as Silver Point Capital, Diameter Capital Partners, Attestor Capital, Hudson Bay Capital Management and others have bought $250 million worth […]
The post Distressed Debt Investors Pounce on $250,000,000 Worth of Bankrupt Crypto Exchange FTX’s Claims: Report appeared first on The Daily Hodl.
Widely followed pseudonymous trader Altcoin Sherpa says one Dogecoin (DOGE) rival could make a bigger move to the upside. Altcoin Sherpa tells his 196,400 followers on the social media platform X that after breaking through a key resistance level, memecoin Pepe (PEPE) may not be done rallying. “PEPE: nice move today, I didn’t really see […]
The post Trader Says Dogecoin Rival Has Additional Upside Potential, Updates Outlook on Bitcoin and Worldcoin appeared first on The Daily Hodl.
A widely followed crypto analyst is warning that the total market capitalization of Bitcoin (BTC) and other digital assets could collapse. In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that the total crypto market cap could see a whopping $440 billion decline from its current value. He also says […]
The post Over $440,000,000,000 in Bitcoin and Other Cryptos Could Be Wiped Out Before Market Bottoms Out: Nicholas Merten appeared first on The Daily Hodl.
SkyBridge Capital founder Anthony Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin (BTC) and other crypto assets. In an interview with The Wolf of All Streets’ Scott Melker, Scaramucci says that a spot Bitcoin exchange-traded fund (ETF) could be approved in the first quarter of 2024. According to the SkyBridge […]
The post This Catalyst Will Catapult Bitcoin and Have a ‘Dramatically’ Positive Impact on Altcoins: Anthony Scaramucci appeared first on The Daily Hodl.
An under-the-radar Web3 gaming ecosystem altcoin has surged by more than 51% this week amid a new token migration proposal. The native token of the Merit Circle (MC) Decentralized Autonomous Organization (DAO) is trading around $0.405 at time of writing, up from $0.267 one week ago. The price surge materialized amid a discussion period on […]
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