Bitcoin (BTC) has traded mostly sideways this week, hovering near $121,300 after a mild 1% weekly rise. On the surface, the Bitcoin price move seems uneventful, but a closer look at key chart structures and investor behavior suggests that the next big breakout might need one more correction before it happens. Some crucial indicators —
Bitcoin has dropped below the key 120,000 dollar level amid a fresh sell-off. The market is showing signs of low volume and a lack of upward momentum. Key on-chain data shows a lack of bid support below the 120,000 dollar mark. The triumphant return of the bulls has proven to be a fleeting and fragile
Bitcoin holders may want to rethink their price targets for 2025, with one Bitcoin analyst arguing that $110,000 has been firmly established as Bitcoin’s new bottom. “You can kind of start lifting some of your targets and saying, “Well, because we’ve proven 110, that’s the floor, where do we go from here?” James Check said
Bitcoin price corrected gains and traded below the $124,000 level. BTC is now struggling and might continue to move down below $120,000. Bitcoin started a downside correction below the $123,200 level. The price is trading below $123,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $122,750
Bitcoin’s BTC$121,309.08 implied volatility (IV) gauge has climbed to a 2.5-month high, consistent with the seasonal trends. Volmex’s bitcoin implied volatility index, BVIV, which represents the annualized expected price turbulence over four weeks, has topped 42%, the highest since late August, according to data source TradingView. IV measures the market’s expectations for future price swings
Bitcoin ( BTC) derivatives markets showed signs of renewed activity Thursday, with total futures and options open interest (OI) trending higher as BTC traded around $121,280 during the afternoon session, following an intraday low of $120,923. BTC Options Data Reveals Bullish Tilt With 59.57% Calls vs 40.43% Puts Data from Coinglass revealed that total BTC
The cryptocurrency was trading sideways on Thursday morning, three days after notching a fresh all-time high on Monday. Institutional Buying Is Heating up, Even as BTC Trades Sideways DDC Enterprise Limited (NYSEAM: DDC) or “DayDayCook” pivoted from its Asian culinary business to become a bitcoin treasury firm with a $528 million investment earlier this year.
Bitcoin’s BTC$121,745.46 price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars. A bitcoin “OG” placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC’s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain. The liquidation
Bitcoin prices dropped below $120,000 on Thursday, October 9, as several variables pushed the digital currency lower. The world’s most prominent cryptocurrency fell to as little as $119,713.65, after rising to as much as $123,822.08 earlier in the day, according to Coinbase data from TradingView. This movement represented a 3.3% decline. The digital asset reached