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.
As of Oct. 22, 2024, bitcoin (BTC) is priced at $67,058.95, fluctuating within a 24-hour range of $66,669 to $68,268. With a market cap of $1.32 trillion and a daily trading volume hitting $44.03 billion, the digital currency appears to be in a consolidation phase, according to technical indicators. These indicators suggest that while things […]
Bitcoin achieves its highest weekly close in four months as BTC price predictions see $70,000 and more after a support retest.
Bitcoin (BTC) kickstarts the return of “Uptober” with its best weekly close in nearly five four months and a return to $69,000.
A last-minute push sealed a weekly close to be proud of for BTC/USD, data from Cointelegraph Markets Pro and TradingView confirms.
At just over $69,000, the close was Bitcoin’s highest since the start of June.
Bitcoin getting even against US stocks is a distinct possibility as a "highly effective" BTC price tool repeats a classic breakout signal.
Bitcoin (BTC) is due to “regain the spotlight” as BTC price gains catch up with United States equities, new analysis says.
In his latest blog post on Oct. 19, Caleb Franzen, creator of financial research resource Cubic Analytics, saw the potential for a major BTC price breakout.
Bitcoin needs to recover to match the recent performance of US stocks, as the S&P 500 notches repeat all-time highs.
Bitcoin bulls have more work to do for a major resistance flip while BTC price strength sees the highest daily close in over four months.
Bitcoin (BTC) circled a key breakout level on Oct. 19 after a “FOMO liquidity grab” ended in rejection at $69,000.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price action constricting after the week’s final Wall Street trading session.
On Friday, bitcoin reached its highest price since late July, coming within just $2 of breaking through the $69,000 mark. Recent data shows the cryptocurrency market has been on a consistent upward trend, with the entire digital asset economy now valued at $2.35 trillion, reflecting a 2.63% rise over the last day. Crypto Market Rallies, […]
New and old Bitcoin whale wallets have been gobbling up BTC, mirroring a 2020 trend that saw the asset rally by 550%.
With Bitcoin (BTC) price making a run at the $70,000 level, whale wallets are accumulating BTC at a speed which closely resembles July 2020 to January 2021 when Bitcoin rallied by 550%.
According to Woominkyu, a verified author on CryptoQuant, this historical trend has investors excited about a potential BTC breakout. As illustrated in the chart below, the Bitcoin whale ratio on spot exchanges is currently similar to the ratio observed around July 2020 after the COVID-induced crash in March.
Bitcoin exchange whale ratio chart. Source: CryptoQuant
Bitcoin avoids excess volatility after its trip beyond $68,000, but BTC price analysis warns that sharp moves may be next.
Bitcoin drifted lower into the Oct. 17 Wall Street open as United States jobless claims increased caution over interest rate cuts.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView tracked a cool day for Bitcoin (BTC) price action after a spike to 11-week highs of $68,400.
BTC’s price reached its highest level since late July, but US dollar strength is starting to undermine Bitcoin bulls’ confidence.
Bitcoin (BTC) circled $68,000 on Oct. 16 after setting new 11-week highs into the Wall Street open.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price upside resuming as bulls eclipsed the peak of a leverage-driven “fakeout” the day before.
Bitcoin short-term holders waste no time in sending coins to exchanges for mass profit-taking.
Bitcoin speculators have initiated mass profit-taking as BTC price gains take the market to three-month highs.
Data from onchain analytics platform Glassnode shows Bitcoin (BTC) short-term holders (STHs) cashing in on the price surge above $65,000.
Bitcoin investors who are relatively new to the market — entities hodling a given amount of BTC for 155 days or less — are busy sealing in profits at current levels.
