Crypto finance platform Matrixport, citing its reverse seasonal analysis published a month ago, announced that they predicted the possibility of Bitcoin rising to $116,000 and that this prediction has now come true. Matrixport: Bitcoin Reaches $116,000 Target, But Late Summer Correction May Be Coming While emphasizing that market sentiment is becoming increasingly positive, the company
Bitcoin is trading just under $119,000, with new on-chain data suggesting the current market cycle may be nearing its top, arriving as soon as late August or early September. Summary Bitcoin’s MVRV 365DMA shows a pattern similar to the 2021 double-top, indicating a possible peak by late August. Macro tailwinds and Fed expectations are supporting
After a couple of volatile weeks, Bitcoin (BTC) experienced a modest rebound on Monday, July 28. However, with major U.S. crypto policy reports due July 30, the flagship digital asset could still surprise us this week. Further complicating the situation, President Trump’s recent announcement of a new trade framework with the European Union (EU) covered
The biggest institutional Bitcoin bull, Strategy (formerly MicroStrategy), is resuming its weekly buying streak. At this point, Strategy announced that it did not purchase Bitcoin (BTC) between July 21-27. The company, which last purchased 6,220 BTC worth $739.8 million at an average price of $118,940 between July 14 and 20, still holds 607,770 BTC purchased
Bitcoin recently flushed a key liquidity zone below the $116K mark, triggering a period of sideways consolidation. With the FOMC meeting scheduled for Wednesday, traders are bracing for a potentially significant price move driven by macroeconomic developments. Technical Analysis By ShayanMarkets The Daily Chart Bitcoin remains within a steep ascending price channel, recently triggering a
Story Highlights Bitcoin might pull a trap move by dipping first and then quickly bouncing back up. Crypto trader KillaXBT sees a possible liquidity hunt near $117K that could trigger sudden moves. However, if Bitcoin fails to hold above key levels, deeper fall to $113K is possible. Bitcoin ended last week in a strong way.
Bitcoin has been stuck at around $117,000, but there is something solid forming beneath the surface. There are now over 73,000 BTC in wallets that bought between $117,259 and $117,468 — a range that has become one of the most defended zones on the chart. This is more than just technical support drawn with a
Bitcoin fell to an intraday low of $117,914 today as $47.5 million in liquidations hit the market. However, the broader bullish structure still remains intact. Summary Bitcoin dipped to $117,914 amid $47.5 million in liquidations. The flagship crypto has struggled to break past $119k multiple times. Bitcoin’s market dominance has declined by 4.98% over the
Bitcoin (BTC) is still near record highs, but this has not prevented market dynamics from coming into play. The CME gap that often tells whether the Bitcoin price is going next has been filled. With this hurdle out of the way, can BTC reach $150,000, especially with Trump Media stepping in with a $300M options
A historic, over-the-counter sale of more than 80,000 bitcoin (BTC) last week captured the attention of crypto social media. The sale of the coins, which, according to CryptoQuant CEO Ki Young Ju, might have originated from the 2011 MyBitcoin exchange hack, represents the largest notional sale of BTC by a single individual in history. Mike