Bitcoin looks increasingly apt to ditch its consolidation range as BTC price volatility kicks in at the Wall Street open.
Bitcoin (BTC) spiked toward $68,000 at the Oct. 15 Wall Street open as analysis told traders to focus on old all-time highs.
BTC/USD 1-hour chart. Source: TradingView
Fresh BTC price upside accompanied the start of the Wall Street trading session after overnight consolidation, data from Cointelegraph Markets Pro and TradingView showed.
Bitcoin starts the week with a push toward BTC price resistance as $65,000 becomes the key level to flip.
Bitcoin (BTC) is targeting a major resistance rematch this week as BTC price gains flip October green again.
Bitcoin came roaring back into the Oct. 14 Asia trading session, tagging $64,800 to hit new October highs.
Data from Cointelegraph Markets Pro and TradingView shows BTC price performance sparking 2.8% daily gains, with BTC/USD now up 1.2% month-to-date.
Bitcoin arguably stands to benefit from macro data upheaval as US CPI and jobless data diverges in a "nightmare" for the Federal Reserve.
Bitcoin (BTC) wobbled around the Oct. 10 Wall Street open as mixed United States inflation data sparked risk-asset volatility.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView captured unsettled BTC price conditions focused around $61,000.
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst.
Short-term holders seem to be turning bullish on Bitcoin (BTC) as Q4 2024 begins, despite concerns that October is not off to a flying start. Over the past seven days, short-term holders realized capitalization has jumped by $6 billion.
Short-term holders — those who have held their Bitcoin for less than 155 days — are “likely taking on more risk or increasing their buying positions,” CryptoQuant contributor Amr Taha argued in an Oct. 5 analyst note.
He pointed out that the seven-day change in STH realized cap — an onchain metric that values each Bitcoin based on the price it was last moved — moved from -$17 billion to -$11 billion, representing a $6 billion “sharp increase” in the cohort’s Bitcoin value. The large spike in buying activity signals a more positive sentiment among STHs as the crypto market transitions from Q3 to Q4.
Bitcoin hodlers' realized cap sees a snap drop while speculators get more confident in market trajectory.
Bitcoin (BTC) faces potential selling pressure as the dollar value of hodlers’ BTC exposure falls by billions of dollars.
New research by onchain analytics platform CryptoQuant shows speculators stepping in while seasoned hodlers go risk-off on BTC.
Amid continued enthusiasm over a return to all-time highs for BTC/USD, Bitcoin long-term holders (LTHs) are taking no risks.
The bullish jobs report adds fuel to hopes for an “Uptober” and fourth-quarter rally in Bitcoin’s price.
The strong United States September jobs report signals a possible slowdown in interest rate cuts but is still bullish for Bitcoin (BTC) as investors warm to riskier assets, Zach Pandl, Grayscale’s head of research, told Cointelegraph.
“Conversation about Fed rate cuts and debate about larger government deficits continue alongside solid economic growth, which should be net-positive for investors’ risk appetite and may reintroduce inflation risk in the medium-term,” Pandl said.
“Grayscale Research expects Bitcoin to benefit in this risk-positive environment,” he explained.
Bitcoin demand in the US is "strong," but can the Coinbase premium save BTC price action from further downside?
Bitcoin may see relief from its recent downturn as United States demand stays high, according to analysis.
In one of its Quicktake blog posts on Oct. 3, onchain analytics platform CryptoQuant revealed the “possibility of a short-term BTC increase.”
Bitcoin (BTC) price action has delivered several tests of $60,000 support this week amid market jitters over the situation in the Middle East.
A crypto trader opined that market participants should step back from the Bitcoin “Uptober” hype and look at the bigger picture.
While October has historically been one of the strongest months for Bitcoin (BTC), a trader argues that placing too much importance on the entire month is wrong.
“I do believe focusing too much on one month versus periods or larger blocks of time is a mistake,” Oliver Velez wrote in an Oct. 2 X post.
The average monthly return in October for Bitcoin is 20.65%. Source: CoinGlass
Bitcoin exchanges see mass withdrawals amid a battle for BTC price support at $60,000.
Bitcoin (BTC) dipped below $60,000 at the Oct. 3 Wall Street open as exchanges saw flash buyer demand.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed new local BTC price lows of $59,860 on Bitstamp.
Bitcoin traders see any BTC price dips as buying opportunities, predict further upside after 7% September gains.
Bitcoin (BTC) retargeted $64,000 on Oct. 1 after the BTC price monthly close set a new September record.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding after a brief trip below the $63,000 mark.
