Bitcoin’s impulsive bullish leg has paused upon reaching the critical $123K level, signaling potential profit-taking and distribution. A corrective move toward the $111K support zone is now expected before the next leg higher. Technical Analysis By Shayan The Daily Chart After breaking above the previous all-time high at $111K and triggering a notable short squeeze,
Cryptocurrency analysis company Alphractal made remarkable assessments regarding the altcoin market in its latest report. The report stated that altcoins have performed better than Bitcoin in recent days, and investors have achieved higher returns by taking positions in altcoins instead of BTC, according to daily signals. However, one chart highlighted by Alphractal is a warning
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the seventh installment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, I study the relationship
Strategy (formerly MicroStrategy) has achieved unprecedented all-time profit of $28.22 billion, a 65.82% return on its current $71.11 billion Bitcoin portfolio, further solidifying its position as the most successful corporate Bitcoin investor in history. The company has amassed more than 601,000 Bitcoin, outperformed the majority of institutions and maintained a perfect win streak for almost
Bitcoin’s price holds steady at $118,000 as it continues to consolidate below key resistance levels. The asset commands a market capitalization of $2.34 trillion with strong 24-hour trading volume of around $24.52 billion and an intraday range of $117,502 to $118,483, indicating subdued volatility near a psychological inflection point. Bitcoin On the 1-hour chart, bitcoin
Backed by Adam Back and built around a Bitcoin-per-share model, BSTR is set to enter the public markets through a Cantor Fitzgerald-led SPAC. Table of Contents A $3.5 billion bet on Bitcoin BSTR is more than just a treasury play The Adam Back continuum BSTR joins growing list of public BTC-holding firms A $3.5 billion
Cryptocurrency analyst and trader Kevin Svenson is saying one indicator is signaling major momentum for Bitcoin (BTC). Svenson tells his 83,500 YouTube subscribers that the relative strength index (RSI), a momentum oscillator used to determine overbought or oversold conditions, is flashing a signal on the daily time frame that has previously preceded massive rallies such
The price of Bitcoin is consolidating as exchange-traded fund (ETF) inflows show no sign of slowing down. The top digital asset remains in a tight range, having formed a bullish pennant pattern, all while ETF inflows surged for the sixth consecutive week. Bitcoin (BTC) was trading at $118,200 on Saturday, July 19, a slight decrease