Bitcoin longs risk mass liquidations in a snap market reversal, analysis warns after new BTC price records follow FOMC.
Bitcoin circled $76,000 on Nov. 8 as “high leverage liquidity” formed around the spot price.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed modest Bitcoin (BTC) price gains mostly holding after the daily close.
Bitcoin is inches from the most rapid gains in its latest bull market, BTC price analysis concludes.
Bitcoin (BTC) will confirm its “parabolic phase” if BTC/USD delivers a weekly close above $71,500.
That is according to the popular trader and analyst Rekt Capital, who, in one of his latest X posts, called time on BTC price consolidation.
Bitcoin may have frustrated traders with nearly eight months of “re-accumulation” after March’s old all-time highs, but that reset may now fuel a raging bull run, Rekt Capital suggests.
BTC price targets already include $100,000, with Bitcoin traders bracing for more volatility around the Fed interest-rate decision.
Bitcoin is consolidating at $75,000 on Nov. 7 as markets gear up for a United States macro event.
BTC/USD 1-hour chart. Source: TradingView
Bitcoin’s (BTC) price action reached new record highs of $76,480 on Bitstamp before a modest pullback, data from Cointelegraph Markets Pro and TradingView confirmed.
Bitcoin basks in nonfarm payrolls data misses with BTC price action canceling its trip below $69,000.
Bitcoin (BTC) bounced back from sub-$69,000 lows on Nov. 1 as shock United States jobs data sparked dollar volatility.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound setting in after the October print of nonfarm payrolls.
BTC price action dips nearly 2%, unsettling late longs as Bitcoin shows no interest in the latest US macro data prints.
Bitcoin (BTC) fell toward $71,000 at the Oct. 31 Wall Street open as United States macro data failed to reignite BTC price upside.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed an ongoing retracement for BTC/USD, which was down 1.6% on the day.
BTC price gains are seen continuing after a brief support retest, but it is the lack of interest or market overheating causing the real stir.
Bitcoin (BTC) coiled below all-time highs on Oct. 30 as commentators struggled to believe the calm market reaction.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price upside cooling after reaching $73,500 on Bitstamp the day prior.
Despite this week’s Bitcoin price drop, whales continued to add to their balance and the current v-shaped BTC recovery could be a sign that new highs are coming.
Bitcoin’s (BTC) price has swiftly recovered above $67,000, moving by 3% after dropping to a low of $65,200. Despite the recent drawdown, the metric tracking long-term Bitcoin accumulation sentiment did not change as BTC whales’ holding reached new highs.
BaroVirtual, a verified Bitcoin researcher on CryptoQuant, highlighted that the current whale holding reached a new all-time high (ATH) at around 670,000 BTC. The chart exhibits a growing trend in 2024, with whales initially eclipsing their previous ATH holding level from 2020 in July.
Bitcoin whales holdings chart. Source: CryptoQuant
Bitcoin rebounds from 10-day lows, but two BTC price points now form a new line in the sand for bulls.
Bitcoin has two new key levels to preserve as support while BTC price action bounces from 10-day lows.
In his latest X coverage on Oct. 24, Keith Alan, co-founder of trading resource Material Indicators, drew attention to an old top from April 2021.
Bitcoin (BTC) retraced this week after reaching $69,000 for the first time since the summer, but sellers were not in control for long.
Bitcoin indicator data suggests a stronger long-term picture than the current BTC price rejection from $69,000 would have traders believe.
Bitcoin dropped to one-week lows on Oct. 23 as a return to support tested bulls’ resolve.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price weakness delivering $60,063 on Bitstamp.
Bitcoin faces limited time to convince that it is “actually strong” as cooling BTC price action sticks around.
Bitcoin (BTC) kept up pressure on support on Oct. 22 as analysis demanded a new high within days.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView captured choppy BTC price conditions around the latest Wall Street open.
