This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$121,883.40 bounced back to around $121,500 after dipping below $120,000 late Thursday. Further gains may be difficult to achieve or could prove short-lived for two reasons. First, momentum indicators on short-term charts have turned bearish. On the hourly chart, the
As volatile movements in Bitcoin (BTC) and altcoins continued over the past week, BTC fell due to short-term profit-taking and briefly dropped below the $120,000 level. However, US spot Bitcoin ETF inflows remained steady, maintaining the market’s medium-term optimism, and BTC rebounded to $121,000. While altcoins also declined along with Bitcoin, Ethereum (ETH) fell to
Jack Dorsey, the billionaire co-founder of Twitter and the CEO of Block, said Bitcoin has a history of 16 years of just increasing. Dorsey compared Bitcoin to gold and referred to it as an alternative savings account in a video published by Pete Rizzo (pete_rizzo_). He noted that Bitcoin has become a hedge against the
Metaplanet Inc. has announced a temporary suspension of its 20th to 22nd Series of Stock Acquisition Rights. The move is part of a strategic effort to optimize capital raising and strengthen the company’s Bitcoin holdings. Metaplanet stated that the suspension will allow for more flexible capital management and maximize BTC yield. This benefits shareholders in
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