Bitcoin UTXO Model Signals Buyer Return as Selling Pressure Eases Summary: Bitcoin is showing signs of stabilization following a turbulent week driven by geopolitical tensions. A key on-chain metric suggests that selling pressure has significantly declined, paving the way for buyers to re-enter the market at lower levels. Geopolitical Turbulence Triggers Volatility Bitcoin experienced heightened…
Bitcoin Forms Double Top at $106K, Analysts Warn of Potential Crash Summary: Bitcoin has rebounded above $106,000 after a weekend dip below $100,000, but technical indicators suggest this rally could be short-lived. Analysts point to the formation of a double top and looming Fair Value Gaps (FVGs) as signs of a potential retracement below current…
Texas Signs Strategic Bitcoin Reserve Into Law Summary: Texas has officially enacted legislation establishing a state-level strategic Bitcoin reserve, making it the third U.S. state to do so. The move signals a growing trend in public sector investment in digital assets amid increasing national support for crypto news and initiatives. Texas Establishes Treasury-Independent Bitcoin Reserve…
Bitcoin to $600,000? Analyst Predicts 500% Surge by 2028 Summary: Despite recent market volatility, one crypto analyst believes Bitcoin (BTC) is on track for massive long-term growth. Forecasting a potential 500% rally, the analyst outlines fundamental and macroeconomic factors that could push Bitcoin to an eye-watering $600,000 valuation by 2028. Background: Analyst Makes a Bold…
Bitcoin Treasury Companies: A Double-Edged Sword for the Market Summary: Bitcoin (BTC) has dipped below $103,000, extending its short-term correction from its all-time high of $111,970 on May 22. Despite strong long-term gains, analyst Miles Deutscher warns that the increasing influence of Bitcoin treasury companies could pose both bullish potential and systemic risks to the…
Bitcoin On-Chain Metrics Fall to Bear Market Levels Despite Price Near All-Time High Summary: Despite Bitcoin hovering above $100,000 and nearing its record high of $111,700, recent data from Glassnode reveals that key on-chain metrics have dropped to levels typically seen during bear markets. The divergence raises concerns about the underlying health of the network…
Bitcoin Bears Take The Wheel — Why $94,000 May Be The Next Critical Zone Summary: Bitcoin’s price has struggled to maintain upward momentum, consolidating within a narrow range despite briefly rising above $108,000. Technical indicators suggest weakening momentum, with $94,000 emerging as a potentially critical support level. Background: Bitcoin Stalls Above $100,000 After briefly reaching…
Cryptocurrency and its exchange dream of building a world where banks do not handle money, and you hold the keys to your wealth that are kept safely through code, shared across a global network. These digital coins come in various options, starting with Bitcoin in 2009. There are thousands of coins cropping up for attention,…
Bitcoin Bearish Trend May Be Over as Higher Lows Point Toward $115,482 Target Summary: Bitcoin continues to trade above $100,000, defying recent bearish sentiment. Analysts suggest key support levels are holding, with a potential rally toward $115,482 if bullish momentum persists. Background Bitcoin has faced increased volatility in recent days, with trading volumes fluctuating as…
Bitcoin Gets a Billionaire Boost From Mexico’s Third-Richest Man Summary: Mexico’s third-richest individual, Ricardo Salinas Pliego, has increased his Bitcoin holdings despite a recent price drop. The billionaire investor sees the digital asset as a safeguard against inflation and remains undeterred by market volatility. Background: Salinas Doubles Down on Bitcoin Ricardo Salinas Pliego, founder and…
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