Bitcoin continued to consolidate near $110,000 on Friday, showing resilience despite ongoing volatility in the broader crypto market. The digital asset remains in a corrective phase within a larger bullish structure, as traders weigh whether recent inflows and rising open interest could mark the start of a renewed uptrend. Buyers Defend $109,000 Support Bitcoin’s 4-hour
Bitcoin’s latest rally is hitting significant resistance. According to on-chain analyst Axel Adler Jr., this price ceiling is caused by long-term holders (LTHs) taking profits. Adler pointed out that LTHs have been actively selling since July 1. The total distribution volume from this cohort has now reached 810,000 BTC. During this same period, their combined
According to new data from CoinGlass, traders of Bitcoin are preparing for a possible $3,000,000,000 liquidation event that could occur if BTC rises to about $112,600. A massive cluster of short positions is accumulating just above the current market level, according to the most recent liquidation map. If bulls are able to drive prices even
For more than a decade, October has been one of Bitcoin’s easiest months to be bullish. Historically, it has delivered average gains of about 22.5%, helped by post-summer liquidity, year-end portfolio positioning, and, more recently, steady demand from US investment products. As a result, confidence in that pattern was high again this year. And true
A long-time Bitcoin whale, often referred to as a “Bitcoin OG”, has transferred 200 BTC worth roughly $21.94 million to Kraken. This marks yet another large movement from an early holder. This brings the total amount moved by the same entity over the past three weeks to an astounding 6,003 BTC. This is valued at
David Schwartz, chief executive officer at Ripple, has listed the main Bitcoin use cases in a social media post on X. “It’s scarce, liquid, valuable, censorship resistant, stable (in everything but value), transferable, jurisdictionless, and, in an important sense, fair,” Schwartz said. As reported by U.Today, Schwartz previously revealed that he had mined a total
Peter Brandt, one of the most well-known commodities traders, has stated that he has shorted Bitcoin (BTC). Despite being a long-term holder of the flagship cryptocurrency, Brandt is currently bearish based on the megaphone pattern. “No tips. It is brutal. I hate when I have to bisect my brain. It is actually painful. Mostly happens
Bitcoin’s price sharp fall (dip) to $106,200 right before Halloween spooked the market, wiping nearly 5% within hours. But what followed was equally quick — a near 4% rebound (surge) that pushed the price back above $108,700, turning a breakdown into a sharp bounce. This dip-surge play has caught traders’ attention. It may not have
The digital asset dipped below $107K on Thursday as concerns over excess investment in AI by tech giants triggered a stock market selloff. Bitcoin Slides as Anxiety Over an AI Bubble Roils Stock Markets Alphabet and Meta will shell out roughly $93 and $72 billion, respectively, for artificial intelligence (AI) development in 2025. Microsoft has
Bitcoin’s BTC$109,611.63 rally has lost momentum since June, leaving prices largely rangebound above $100,000. This has emboldened some analysts who believe in the traditional four-year bitcoin cycle, warning that a tough bear market could be looming. However, a longer-term indicator offers a glimmer of hope for bulls – the 200-week simple moving average (SMA), currently