Triple-Digit Gains Propel GOAT and APE to the Top This Week, But Not All Coins Thrived

October 21, 2024 Bitcoin.com

Ape

While bitcoin is up 4.6% this past week and ethereum gained 5.2% over the seven day run, a large number of crypto assets saw double-digit weekly gains and some managed to capture triple-digit rises. The leaders of the pack this week included GOAT and APE which rose 191% to 102% respectively. While Bitcoin Remained Steady, […]

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Bitcoin Technical Analysis: BTC Faces Critical Resistance Above $69.5K

October 21, 2024 Bitcoin.com

Bitcoin

On Oct. 21, 2024, bitcoin is trading at $68,322, supported by a market cap of $1.35 trillion. The cryptocurrency saw a 24-hour trading range between $68,145 and $69,431, with a trading volume reaching $28.79 billion. Technical indicators from multiple time frames present a mixed picture, highlighting crucial entry and exit points for traders. Bitcoin In […]

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Did the crypto market bottom this week? — Here’s what the data shows

September 13, 2024 Coin Telegraph

Bitcoin

Bitcoin is chasing $60,000, and altcoins are showing modest gains today. Does that mean the crypto market has bottomed?

Bitcoin’s (BTC) relief rally has seen it rise 21% above the Aug. 5 bottom of $49,577. The recovery has also been witnessed across the broader crypto market, with the total market valuation reclaiming the $2 trillion level, up 20.5% since Aug. 5.

Market participants are now looking for clues on whether the crypto market has bottomed and begun the early stages of a trend reversal.

Some analysts believe that investors are holding onto their positions until the Federal Reserve decides on interest rate cuts during the next FOMC meeting scheduled for Sept. 18.

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Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out

August 13, 2024 Bitcoin.com

Bitcoin

On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $60,000, bitcoin is back above that threshold, showing a modest […]

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‘Whales are preparing for the next altcoin rally’ — CryptoQuant founder

July 31, 2024 Coin Telegraph

Analysis

According to pseudonymous crypto trader Mags, the altcoin market broke out after 525 days of accumulation and will likely resume an uptrend.

CryptoQuant founder Ki Young Ju believes that crypto whales are positioning themselves in anticipation of the next altcoin rally as traders hotly debate when alt season will begin.

Ju's analysis centered around the 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins, a metric that measures the differential between buy and sell limit orders using a one-year timespan.

The analyst explained that whales prefer limit orders to avoid slippage, and the rising level of the metric suggests an increasin number of buy-limit orders among large crypto investors and institutions, which represent "strong buy walls" of future demand for altcoins.

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Key altcoin season metric in accumulation mode as Bitcoin dominance peaks

July 26, 2024 Coin Telegraph

Altcoin Watch

Altcoins are in accumulation territory after experiencing a drawdown over the last 3 months.

The altcoin market is currently at the “reaccumulation stage,” which, after reclaiming a key support area, could move on to the “second leg of the cycle,” according to crypto traders.

“Altcoins are only up 58% since they broke out after 525 days of accumulation,” independent crypto trader Mags said in part of their July 25 post on X.

The accumulation stage occurs when the market has bottomed out, and prices hit local bottoms, as reflected by a 33% drop of TOTAL2 (total market capitalization of all cryptocurrencies, excluding Bitcoin) since March 11. It is marked by a period of relative stability, where investors buy on the dips in anticipation of future price increases.

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Bitcoin Technical Analysis: BTC Pushes Through Resistance, Bullish Momentum Builds

July 15, 2024 Bitcoin.com

Bitcoin

Bitcoin is currently priced at $62,612, with a 24-hour intraday price range of $59,302 to $63,259. The market capitalization stands at $1.23 trillion, and the 24-hour trade volume is $28.37 billion. Bitcoin The BTC/USD 1-hour chart indicates a recent uptrend starting from $59,302, peaking at $63,259. A consolidation phase followed this peak, with minor pullbacks […]

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Bitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance

July 12, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $57,237, with a notable intraday range from $56,608 to $59,516. Bitcoin On the 1-hour chart, bitcoin shows a decline from a high of $59,516, forming lower highs and lower lows, indicative of a bearish […]

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Bitcoin Technical Analysis: BTC Slips Below $60K Closing CME Gap

July 3, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the […]

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Bitcoin Bulls Advance Price, Face Resistance at $64K

July 1, 2024 Bitcoin.com

Bitcoin

The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M […]

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