Just like every other top cryptocurrency, Bitcoin, the world’s largest cryptocurrency by market capitalization, has failed to meet the strong bullish expectations for October. Despite high expectations of a massive rally for October, Bitcoin has recorded a negative return for the month, according to data provided by crypto analytics platform CryptoRank. Bitcoin breaks six-year streak
Bitcoin has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes. However, a crypto analyst noted that several macroeconomic factors are also at play. “I do think seasonal charts matter a lot, but
U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on Friday with a post on X praising the network’s resilience and adding a jab at Senate Democrats, saying the system “never shuts down” and implying lawmakers could “learn something from that.” The comment doubled as a policy signal and a
Cryptocurrency analyst Timothy Peterson, in his statement on his social media account, warned investors about the risk of a possible decline by drawing attention to November for Bitcoin. Peterson noted that Bitcoin’s price action over the past four months has been highly similar to that of 2011, 2014, 2018, and 2022. The analyst said the
On-chain data shows Bitcoin is currently retesting a historically significant level that has often decided the course of the cryptocurrency’s price. Bitcoin Is Retesting The 0.85 Supply Quantile In a new post on X, on-chain analytics firm Glassnode has talked about how Bitcoin is retesting a level that has historically been a “make-or-break” one for
With S2F in the rearview, the live power-law channel indicates that BTC is roughly 20% below fair value, but ETF flows could push it to either extreme. Bitbo’s implementation of Giovanni Santostasi’s model places the price near $109,700, the fair value near $136,100, the support near $48,300, and the resistance near $491,800, which frames the
Bitcoin marks its 17th anniversary this week — no longer a fringe experiment, but a pillar of global finance. Published by Satoshi Nakamoto on October 31, 2008, the Bitcoin whitepaper laid the foundation for a peer-to-peer digital currency free from intermediaries. Seventeen years later, its reach now spans governments, major corporations, and institutional investors. How
Bitcoin (BTC) tumbled below the $110,000 level in a sharp move that rattled markets and triggered a wave of short-term panic selling. The sudden decline followed an initial post-Fed volatility spike, as traders reacted to the US Federal Reserve’s 25bps rate cut and announcement of an impending end to quantitative tightening. With uncertainty still lingering,
Bitcoin price drives a mid-term sideways trend with an expanding channel pattern. BTC is back to the 0.85 cost-basis band near $109K, a region historically viewed as a critical pivot zone. October recorded one of the highest average order sizes in recent months, marking an uptick in whale-driven trades. The pioneer cryptocurrency, Bitcoin, jumped nearly
Bitcoin’s short liquidation risk exceeds $4B, concentrated between $108,000 and $113,000. A significant short liquidation cluster appears at $112,600, with $3B in shorts at risk. A breakout from a descending broadening wedge pattern suggests potential for a bullish reversal. In a recent market development, the Bitcoin Exchange Liquidation Map presents liquidation levels across major exchanges