Bitcoin (BTC) is currently in a position for a potential surge, as indicated by a bullish technical pattern and increasing institutional investments. Analyst Ali Martinez recently identified a bull flag pattern on Bitcoin’s 4-hour chart, suggesting a consolidation period following a significant price increase. This phase, characterized by a slight downward trend and decreasing trading
Bitcoin
In recent weeks, Bitcoin bulls have regained control, bringing a bullish sentiment back to the market after a period of price dips. One clear indicator of this bullish outlook is the impressive amount of inflows into Spot Bitcoin ETFs. Farside Investors reported a significant increase in inflows on March 27, with the Spot Bitcoin ETFs
The recent surge in the price of Bitcoin has attracted the attention of large investors known as whales, who hold at least 1,000 BTC in their wallets. These whales have been taking advantage of the dip in Bitcoin’s price to accumulate more coins, with the number of addresses holding at least 1,000 BTC increasing by
Recent data from crypto analytics firm Glassnode has indicated that the amount of Bitcoin held on Coinbase has dropped to a 9-year low. This decline, with a balance of 344,856 BTC on March 18, suggests that investors are opting to move their holdings off exchanges and hold for the long term rather than selling. This
As per Rekt Capital, a cryptocurrency expert and enthusiast, the recent Bitcoin pre-halving retrace bears a resemblance to the one that occurred in 2020 before the crypto asset surged to its previous all-time high. Bitcoin, being the largest cryptocurrency asset, is currently showcasing momentum as it climbs over $70,000, recovering from a recent downward trend.
In a recent analysis of the cryptocurrency market, Doctor Profit has highlighted key regions that could potentially drive Bitcoin’s price to new heights in a short amount of time. The community has been closely watching Bitcoin’s performance over the past week, and Doctor Profit’s insights have injected optimism among investors. Doctor Profit’s analysis delves into
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a
The previous week was tumultuous for Spot Bitcoin ETFs as they failed to attract strong inflows consistently day after day. This trend of consecutive daily outflows indicates a potential waning of bullish sentiment among institutional traders. The impact of this lackluster investor interest is evident in the price of Bitcoin, which dropped to as low
The recent price performance of Bitcoin has caused concern within the crypto community, as not only BTC but other cryptocurrencies as well have seen a decline in their prices. Despite this, some investors are taking advantage of this situation and viewing it as a rare opportunity in the current bull market. According to prominent crypto
The recent decline in Bitcoin’s price has not only affected the overall cryptocurrency market but has also had a significant impact on the spot Bitcoin ETF market. Data from BitMEX Research has revealed that BTC ETFs have been experiencing negative netflows for the past four trading sessions. This downward trend has been particularly noticeable in
