Here’s Why Bitcoin (BTC) Price Is Set For Near 10% Increase
After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally begun to rise. BTC’s price has effectively rebounded from the critical support level of $37,500, despite an impending Federal Reserve rate hike. Various experts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are positive about the […]
What Does It Mean For Prices If Bitcoin, Ethereum Have More Unique Holders?
As their prices hovered around support levels, Bitcoin (BTC) and Ethereum (ETH) saw a rise in unique addresses. Concerns over a market meltdown have kept the two largest cryptocurrencies at their respective support levels for several weeks. The BTC price has fallen twice in the last two weeks, briefly to near $38,000 level before rapidly […]
Futures Market Displays Why Bitcoin’s (BTC) Recovery May Only Be Temporary
This week, Bitcoin (BTC) recovered from a one-month low, reclaiming a key support level as investor sentiment strengthened. However, the token’s forward trades displayed little bullish sentiment, implying that it may be headed for further losses. BTC has risen about 7% since its April lows, and was last trading around $41,000. Big traders amassing more […]
Bitcoin (BTC) Whale Trade Indicates Recovery From $40k, Here’s Why
Bitcoin (BTC) has plummeted from its 2022 highs and is currently stuck in a trading pattern seen for most of the year. But Long-term traders with large holdings are taking advantage of the token’s lower valuation by buying dips. BTC is trading at about $40,000, down, and has dropped over 11% in the last seven […]
BTC Long Squeeze: $385 Million Positions Liquidated As Bitcoin Drops
Bitcoin’s (BTC) recent drop appeared to have caught investors hoping that the cryptocurrency would find a bottom off guard. Long position liquidations reached their highest level since late January, as BTC extended its losses. BTC dropped below $40,000 for the first time since mid-March, following signs from the US government that inflation is expected to […]