BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market Bitcoin’s young supply, or the amount of BTC that has been in circulation for less than a month, is echoing the conditions of the 2022 bear market. This suggests that the current BTC price rally may be in doubt. On-chain data analysis from…

Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive Bitcoin dominance, which is the percentage of the total cryptocurrency market capitalization held by Bitcoin, has hit a 3-month high. This comes as altcoins, or alternative cryptocurrencies, have been hammered in recent weeks. Some analysts believe that the rise in Bitcoin dominance is a sign…

Bitcoin analysts look to November as price action looks to mirror past cycles Bitcoin analysts are looking to November with cautious optimism, as the price action of the world’s largest cryptocurrency appears to be mirroring past cycles. In the past, Bitcoin has experienced significant rallies in November, following periods of consolidation and accumulation. Some analysts…

BTC Price Targets $27K as Bitcoin Bulls Shrug at PPI Inflation Surprise Bitcoin (BTC) bulls shrugged off a surprise increase in US producer price inflation (PPI) on September 14, 2023, sending the price of the cryptocurrency above $26,700. The PPI, which measures the prices of goods and services at the wholesale level, rose 1.6% year-over-year…

How Low Can the Bitcoin Price Go? Bitcoin is a volatile asset, and its price has fluctuated wildly since its inception. In 2017, Bitcoin reached an all-time high of nearly $20,000, but it crashed to below $4,000 the following year. In 2021, Bitcoin reached a new all-time high of over $68,000, but it has since…

Bitcoin Investors Are Bullish on the US Fed’s $100B Loss The US Federal Reserve (Fed) recently reported a loss of $100 billion in the second quarter of 2023, its first loss since 1914. This has led to mixed reactions among investors, with some seeing it as a sign of economic weakness and others seeing it…

Bitcoin Bollinger Bands Hit Key Zone as BTC Price Fights for $27K Bitcoin (BTC) is currently trading in a key zone at $27,000, with its Bollinger Bands narrowing. This suggests that a breakout or breakdown is likely in the near future. Bollinger Bands are a technical analysis tool that uses a moving average and two…

Bitcoin Futures Open Interest Jumps by $1B: Manipulation or Hedge? Bitcoin futures open interest jumped by $1 billion on September 19, 2023, according to data from Coinglass. This is the largest single-day increase in open interest since May 2022. Open interest is the total number of outstanding futures contracts that have not yet been settled….

Bitcoin Due New Local Low? Watch These BTC Price Levels as $28K Rejects Bitcoin (BTC) has been struggling to break through the $28,000 resistance level for the past few weeks. This has led to some analysts predicting that Bitcoin is due for a new local low. Bitcoin chart showing rejection at $28,000 There are a…

3 Reasons Why Bitcoin Is Struggling to Rally Above $28.5K Bitcoin (BTC) has been struggling to rally above $28.5K for the past few weeks. There are a few reasons for this, including: Macroeconomic uncertainty: The global economy is facing a number of challenges, including the war in Ukraine, high energy prices, and rising inflation. This…