Bitcoin price dropped below the $110,000 threshold again today after it made an attempt to climb past $110k. Analysts discovered that the 30-day moving average has fallen to its lowest level. Summary Bitcoin price fell below $110,000 ass its 30-day moving average plummets to the lowest level since 2018. The downward trend may be a
As Bitcoin (BTC) seeks to maintain its price above the $110,000 mark, technical indicators suggest further losses may be looming. Specifically, the threat of an additional downturn is highlighted by a ‘death cross’ on the Moving Average Convergence Divergence (MACD) indicator, according to insights from cryptocurrency analyst Ali Martinez in an X post on August
Crypto data provider CryptoOnchain has highlighted a notable development in the Bitcoin market. According to the statement, Bitcoin’s 30-day moving average Taker Call/Sell Ratio has fallen to its lowest level since May 2018. Bitcoin Bid-Sell Ratio Hits 6-Year Low: Selling Pressure Grows The Taker Buy/Sell Ratio is a key indicator measuring the balance of buy
Bitcoin BTC$111,247.95 long-term holders (LTHs) have already realized more profit in this cycle than in all but one previous cycle (2016 to 2017), according to data from on-chain analytics platform Glassnode. This underscores elevated sell-side pressure and, when combined with other signals, suggests the market has entered the late phase of the cycle”. Since the
KindlyMD (NAKA), the Nasdaq-listed health-care company that recently merged with bitcoin BTC$110,981.61 treasury firm Nakamoto, is set to offer as much as $5 billion in equity to fund the purchase of more BTC. The Salt Lake City-based firm filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC) for an at-the-market equity
The Bitcoin price has struggled to break free from selling pressure. Over the last seven days, BTC dipped about 3%. In the last 24 hours, gains have been only 0.3%, and even the hourly chart shows no real movement. This range-bound action reflects a tug-of-war between buyers and sellers. On-chain data, however, shows one hopeful
The cryptocurrency world is abuzz with an incredible development! A dormant Bitcoin whale, inactive for over a decade, has finally stirred. This mysterious entity recently transferred a substantial 750 BTC to Binance, igniting conversations and speculation across the digital asset landscape. This significant transaction, valued at an astonishing $83.11 million, marks a pivotal moment, showcasing
Bitcoin slipped to $111,038 at press time, up 0.9% in the last 24 hours but still down 2.4% over the past week as short-term speculators appear ti be selling. Summary Bitcoin price trades around $111K, 10% off its Aug. 14 all-time high. New investors capitulate, while 1–6 month holders stay profitable. RSI nears oversold, hinting
Max Keiser, a Bitcoin maxi, former financial journalist, and currently the BTC advisor to El Salvador’s president Nayib Bukele, has stressed the power of Bitcoin as an asset vs all other assets in the market in a recent tweet. Keiser also hinted at an upcoming Bitcoin price surge, providing a big reason for that. Meanwhile,
The world of finance is always buzzing with new developments, especially when it comes to digital currencies. Recently, a significant statement from the Vice President of the Swiss National Bank (SNB) has captured attention. This official declared that Bitcoin does not meet the central bank’s stringent asset criteria. This position from a respected financial institution,