Bitcoin is moving closer to a major resistance zone, with the price building pressure near $110,800. A possible ascending triangle pattern is forming, which could signal a continuation if confirmed. Bitcoin Builds Structure Near Resistance The daily chart shared by Rekt Capital shows a rising trendline with flat resistance around $110,800. This setup suggests a
So far, “Uptober” has not been living up to its name this year, and Finbold’s AI prediction agent suggests that Bitcoin (BTC) is likely to slip even further by Halloween. The crypto is currently trading at around $111,280, having suffered a monthly drop of 1.48% as a result of mounting selling pressure and weakening institutional
Bitcoin’s short-term momentum has softened following the sharp market decline on October 10. Nonetheless, on-chain data platform CryptoQuant reports that its long-term structural demand remains robust. In a report published Friday, the firm cautioned that it is too early to view the current market as a “season finale.”. Another research firm, Tiger Research, projected a
Key Takeaways Rumble is expanding creator monetization options with Bitcoin and crypto tipping. The move reflects a broader trend of digital platforms integrating decentralized payment solutions. Rumble, a video-sharing platform, plans to introduce Bitcoin and crypto tipping functionality for its 51 million users. The integration will allow creators to receive Bitcoin payments directly from viewers,
Bitcoin’s recent push above $110,000 faces headwinds as crucial on-chain metrics reveal that capital inflows are beginning to slow, casting doubt on the rally’s immediate sustainability. Currently trading near $111,200, Bitcoin sits precariously within a key price zone that analysts identify as pivotal for determining the next major move. A flattening in investor momentum, highlighted
Friday’s consumer price index (CPI) is the only official economic data that has been published during the ongoing U.S. government shutdown. Bitcoin Tops $111K As Inflation Cools The pace of inflation was slower than what many economists predicted according to the latest CPI report published by the U.S. Bureau of Labor Statistics (BLS) on Friday
There’s roughly $31 billion worth of Bitcoin options set to expire on Halloween next week. That’s a record-high monthly expiry, beating last month’s $18 billion by a wide margin, despite the record-setting liquidation event that followed the Oct. 10 flash crash when $19 billion in leveraged positions were wiped out. “That event erased roughly $7
Elon Musk’s space exploration company, SpaceX, transferred approximately $133.7 million (1,215 BTC) worth of Bitcoin to two new wallets today, marking the company’s second major Bitcoin transaction in three days. SpaceX moved approximately $268.5 million worth of Bitcoin on Tuesday, according to Arkham Intelligence data, marking the first significant move since July. Onchain data showing