BTC price “chop” is still the name of the game, with Bitcoin bulls yet to mount a charge at a $65,000 sell wall.
Bitcoin (BTC) faced inertia at the Sept. 25 Wall Street open as overhead resistance strengthened.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView tracked a return below $64,000 for BTC/USD after the pair hit new one-month highs of $64,795 on Bitstamp.
The US Fed’s decision to cut interest rates was just “catching up to market expectations,” as an analyst argues a lot of the added “juice” was already priced in the riskier assets.
According to a crypto analyst, the United States Federal Reserve’s move to lower interest rates was already priced into the crypto market, signaling that now might be the time to consider potential selling opportunities.
“The Fed put has also been anticipated by rate markets: in a sense, last week, the Fed was catching up with market expectations,” blockchain analytics firm Nansen principal research analyst Aurelie Barthere wrote in a Sept. 23 report shared with Cointelegraph.
“Keeping crypto allocation or skin in the game makes sense as the Fed has just given more juice to this bull market. But a lot is already in the price of risk assets,” Barthere added.
Bitcoin traders are getting divisive, while BTC price action bides its time as more central bank policy easing is announced.
Bitcoin (BTC) stands to win big thanks to macroeconomic liquidity driven by both the United States and China, traders say.
In its latest bulletin to Telegram channel subscribers, trading firm QCP Capital joined voices calling for BTC price gains on the back of a “pivotal moment” for markets.
Bitcoin is in line to enjoy a period of easy liquidity and risk-on appetite thanks to global central bank monetary policy easing, QCP Capital believes.
A Bitcoin breakout could happen within the next “handful” of days, according to a pseudonymous crypto market analyst.
Bitcoin and crypto markets could be on the cusp of a breakout if historical cycle patterns repeat, according to an analyst.
In a Sept. 24 X post, analyst Rekt Capital observed that in previous market cycles, Bitcoin (BTC) has historically broken out from its reaccumulation range between 154 and 161 days after the halving.
This cycle’s BTC halving occurred on April 20, 157 days ago, so we are within the breakout time frame, he said, adding:
Bitcoin could grow by over 400% versus gold in the coming months, according to a technical setup shared by seasoned analyst Peter Brandt.
Bitcoin’s market capitalization has skyrocketed by an astounding 350,000% since its inception compared to its traditional safe-haven rival, gold.
New signals suggest that Bitcoin (BTC) may be on the verge of another extended price rally, signaling renewed momentum against the precious metal.
The BTC/GLD ratio chart compares the assets’ performance and could serve as a barometer to gauge BTC’s adoption rate compared to gold. For instance, the rise in the ratio reflects Bitcoin outperforming gold in terms of market cap performance and vice versa.
Bitcoin fields increasingly bullish market prognoses, but a trader argues that more evidence of a BTC price trend change is needed.
Bitcoin (BTC) is due an “explosive move” by the end of 2024 as recent BTC price action sets up an $85,000 target.
In a post on X on Sept. 21, crypto trader, investor and analyst Titan of Crypto predicted “intermediate” 35% gains for BTC/USD.
Bitcoin continues to hold $62,000 into the weekly close, having seen a lasting bounce off September support $10,000 lower.
Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis […]
BTC price predictions see some consolidation before Bitcoin bulls tackle major resistance hurdles.
Bitcoin (BTC) sold off with United States equities at the Sept. 20 Wall Street open as risk assets took a break from macro-induced upside.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price action coming full circle from the daily open after hitting new three-week highs of $64,121 on Bitstamp.
Bitcoin’s recent rally put its price above a key bull market metric. Are new highs inbound?
Bitcoin (BTC) rallied above $62,000 on Sept. 19, rising above its short-term holder (STH) realized price and showing potential for further gains, according to onchain data.
The STH realized price is a metric that calculates the average price at which short-term investors—those who have held their coins for less than 155 days–have purchased their Bitcoin. It acts as support in uptrends because these holders are more likely to buy if the price rises above their entry point.
CryptoQuant analyst Avocado_onchain explains that STH realized price “has consistently acted as a critical support and resistance level” for Bitcoin.
Bitcoin price action may have to diverge from stocks if history repeats itself after a bumper Fed rate cut, analysis warns.
Bitcoin sought to flip $62,000 to support on Sept. 19 as markets digested a rare 0.5% interest rate cut by the United States Federal Reserve.
BTC/USD 4-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView followed continued Bitcoin (BTC) price strength during the Asia trading session.
