Key takeaways BTC dips below $118k as altcoins record huge losses. The leading cryptocurrency could drop below the $116k support level if bearish sentiment grows stronger. Bitcoin stagnates around $117k as altcoins bleed The cryptocurrency market has been bearish over the last 24 hours after enjoying a bullish trend over the last couple of days.
Bitcoin’s latest rally has defied past cycle patterns, and one key indicator may explain why investors aren’t selling, even near all-time highs. Summary Bitcoin is holding above $117K despite a recent pullback after all-time high. CryptoQuant’s Flow Pulse shows low selling pressure, unlike 2017 and 2021. Short-term caution remains, but the long-term trend is still
Bitcoin is currently hovering around $119,060 after consolidating below the $120,000 resistance mark. The broader structure remains bullish, with the Bitcoin price today still trading well above its long-term EMAs. However, momentum has cooled, and multiple indicators suggest a make-or-break moment as BTC coils inside a tightening pattern. What’s Happening With Bitcoin’s Price? BTC price
Bitcoin has experienced significant sideways movement recently, as the crypto king struggles to break through key resistance levels. Despite this, Bitcoin is being actively traded, with short-term and new buyers flocking to the market. However, this influx of new capital could pose both opportunities and risks. Bitcoin Investors Have Been Busy Recent data from the
Cryptocurrency analysis firm Alphractal and its founder João Wedson have shared a striking assessment of Bitcoin’s long-term price movements. According to the company, despite its recent upward momentum, Bitcoin has not yet broken through a critical resistance level on the Long-Term Power Law chart. The following statements were included in the Alphactal statement: Bitcoin is
New statistical evidence has emerged, suggesting that bitcoin’s (BTC) market dynamics are now intricately linked to the ebb and flow on Wall Street. Recently, the 90-day correlation coefficient between bitcoin’s 30-day implied volatility indices – Volmex’s BVIV and Deribit’s DVOL – and the S&P 500 VIX hit a record high of 0.88, according to data
The recent price records for BTC coincided with a wave of old whales moving their coins. Some suggested this may be a drive to take profits, but there may be another reason, as more old whales are dusted with transactions containing warning messages. There may be one common reason as to why old whales are
On July 2, Protos asked whether the bitcoin (BTC) treasury company bubble had popped. At that time, the mania had already been cooling for weeks, with many companies trading decidedly lower than their initial days on public markets. Today, weeks later, additional data show things didn’t — and look unlikely — get any better. According
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a