The crypto research platform 10x Research recently highlighted the increase in Bitcoin’s Relative Strength to 40%. They delved into the potential moves that the flagship cryptocurrency might undertake in the near future. In their newsletter titled “Fake Dip?”, 10x Research pointed out that historically, Bitcoin has exhibited possible rallies when its Relative Strength Index (RSI)
Bitcoin
The Bitcoin price recently experienced a significant shift in momentum, with a strong comeback on Friday following a week of bearish pressure. After falling below the $60,000 mark for the first time in almost two months on May 1, the price of BTC managed to recover above $60,000 and even peaked at $63,000 within a
The recent drop in Bitcoin’s price below the $59,000 support level has caused concern in the cryptocurrency market. This price dip led to liquidations in the futures market, prompting analysts to warn of a potential further decline without a market capitulation. While $120 million in liquidated long positions was reported by CryptoQuant, it is important
The recent market-wide crash in the cryptocurrency space has brought the Bitcoin price below $60,000, triggering a 20% decline. This has exposed crucial support levels for Bitcoin, with the most significant support now identified at $51,800 by the crypto analyst Norok. According to Norok, this support level, last seen in December 2023, is essential for
Bitcoin, the world’s largest digital asset, recently broke below the $60,000 support level for the first time in two months. This decline comes after several months of euphoria in the market, particularly driven by the launch of Spot Bitcoin ETFs in the US. However, a new report from Glassnode suggests that this euphoria may be
Cryptocurrency analyst Ali Martinez recently highlighted the significance of the $59,800 price level for Bitcoin’s future trajectory. According to Martinez, this price level is crucial as it historically serves as a bounce-off point during uptrends. If Bitcoin were to drop to $59,800, it could spark a massive pump in the flagship cryptocurrency. However, Martinez also
Cryptocurrency analyst and trader Lark Davis has highlighted several significant developments in the Bitcoin ecosystem that could potentially lead to a more intense bull cycle than previously expected. These changes include factors such as institutional and global acceptance, which have the potential to drive the current bull market further. One key aspect that Davis pointed
Crypto analyst DonAlt has recently discussed a scenario where the Bitcoin price could potentially drop to as low as the mid-$40,000 range. This price breakdown, as suggested by DonAlt, might be necessary for the continuation of BTC’s bull run. In his analysis, DonAlt noted that Bitcoin has dropped back to around the $60,000 price range
The Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving did bring attention to Bitcoin, the surge in trading activity can be primarily attributed to the introduction of a new token standard known as Runes. Data from on-chain analytics platform IntoTheBlock reveals that the number of
Recent on-chain data reveals a concerning trend for the Bitcoin network – a steady decline in high-value transactions over the past few weeks. This decrease in activity has been reflected in the price of Bitcoin, which has struggled to break out of consolidation throughout the month of April. Despite several attempts to surpass the $67,000