Bitcoin and other leading cryptocurrencies are showing signs of recovery following a sharp dip last week, primarily driven by macroeconomic factors. Over the past week, Bitcoin’s price dropped 4%, hitting a multi-week low of $112,000, which prompted Arthur Hayes, co-founder of BitMEX, to warn that ongoing macroeconomic pressures could push BTC back toward the $100,000
Bitcoin has slipped below $115,000 amid an August correction, but behind the surface, a quiet shift in macro conditions may be laying the groundwork for a sharp reversal. At the time of writing, Bitcoin (BTC) is down 4% over the previous week, trading at $114,295. The pullback is a retracement of about 7% from its
Samson Mow, a prominent Bitcoin proponent and the CEO of JAN3, has made an important Bitcoin statement, hinting that those who are hesitant about buying BTC now will still have to do it later but at a much higher price. He published a tweet which might seem confusing to some if not looked at carefully.
Story Highlights Robert Kiyosaki issues a bold warning about the Bitcoin August Curse. History shows August hasn’t been kind to Bitcoin traders. Key Econmic events this month could decide if BTC holds or crashes. Bitcoin is trading around $114,000 today, posting minor gains as the broader crypto market steadies. The Crypto Fear & Greed Index
VanEck CEO Jan van Eck has reiterated his bullish outlook for Bitcoin, projecting that it would rival gold in the near future. Van Eck told Bloomberg on August 1 that Bitcoin is digital gold, a sentiment that is slowly becoming a norm in the global market. He suggested that this emerging narrative would see Bitcoin
Bitcoin’s price dropped over 4% last week, wiping out half the gains made in early July and briefly dipping below the key support range of $114,672-$115,734. This short-term bearish pressure was amplified by a “death cross” on the 4-hour chart and negative funding rates, signaling caution among traders. However, a deeper look at on-chain data
As Bitcoin remains within a critical range, a prominent market analyst has noted that how it leaves this zone will determine its next move. According to a chart shared by crypto analyst Marc Cullen, Bitcoin is trading in an inefficient price area between two weekly ranges. This zone, which spans from $112,000 to $116,000, is
Bitcoin dropped 2.88 percent to $112934 and showed signs of a Bollinger Band contraction setup again The chart shows a similar fakeout pattern that led to major expansion during the 2021 cycle top move Analysts expect BTC to reenter the Bollinger Bands soon, which may lead to a sharp push above $120000 Bitcoin (BTC) closed
Bitcoin is in the news again, as analyst Ali_Charts has flagged an intriguing divergence in the Bitcoin market. Since August 1, Bitcoin has slipped about 3.57%, yet long positions on Bitfinex have surged by roughly 20%. The latest price of Bitcoin is around $113,700, a slight decline since its July highs. Since August 1, Bitcoin