Posts

Showing posts with the label Bitcoin Analysis

Bitcoin Faces a Crucial $80K Test: What Happens Next?

Image
  Visit this link to consistently profit in Binance futures trading, receive free bitcoin trading signals, and access the Cornix trading Bot for optimal automated trades: https://telegram.me/cryptosignalalert Download our free app to receive signals on your mobile device: https://play.google.com/store/apps/details?id=com.freecryptosignals.app A steady move above $80,000 could return significant Bitcoin capital to profit, but resistance near $84,569 remains a major hurdle. Bitcoin’s $80,000 level has emerged as a major threshold as the crypto asset attempts to break out of the current bear market. Several technical and on-chain measures are converging around this level. At the same time, the traditional realized price has become less relevant because of the large amount of illiquid BTC supply, according to CryptoQuant analyst Darkfost. $80K Breakout Test In his latest post, Darkfost noted that Bitcoin’s market capitalization has been on the rise. At the cycle pe...

BTC Rebound Faces Leverage Warning After 21-Month Low

Image
Explore the provided link to ensure a steady profit in Binance futures trading: https://telegram.me/binancefuturesignal Bitcoin found its footing after bulls took steps to reclaim the $60,000 level, but data casts doubt on whether it will flip back to support. Bitcoin (BTC) traded as high as $60,200 on Wednesday, up about 2.7% over the past 24 hours after falling to a 21-month low of $57,737 earlier in the session. Ether (ETH) and Solana (SOL) also gained, up 3% and 4.85%, respectively. The bounce took place amid deep investor caution, with sentiment trackers gauging the balance of fear and greed in crypto markets currently reading around 11 out of 100, in “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down roughly a third since the start of the year. Bitcoin dip-buyers overshadowed by fear of future selling Investors’ cautious stance shows up differently depending on what data is analyzed. US spot Bitcoin exchange-traded funds (ETFs...