On-chain data indicates that significant Bitcoin investors have persisted in their purchasing activities as the coin’s price nears its all-time high (ATH). Recent trends indicate that Bitcoin investors holding between 10 and 10,000 BTC have increased their holdings. In a recent update on X, the on-chain analytics firm Santiment has discussed the current trend regarding the supply … Read more
On-chain data indicates that Bitcoin could face minimal resistance at $100,000 and beyond, particularly when considering the distribution of investor cost basis. A limited supply of Bitcoin has a cost basis positioned at levels above current valuations. In a recent post on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has examined how the different Bitcoin … Read more
Bitcoin price initiated a new upward movement, surpassing the $100,000 threshold. BTC is experiencing an upward trajectory and could potentially target the $105,000 resistance level. Bitcoin initiated a significant upward movement beyond the $98,500 resistance threshold. The price is currently positioned above $100,500 and the 100-hourly Simple Moving Average. A new connecting bullish trend line … Read more
As the Federal Open Market Committee prepares to unveil its policy decision on May 7, Bitcoin traders encounter a pivotal moment influenced by macroeconomic factors that may shape price movements through the summer months. The Federal Reserve, led by Chair Jerome Powell, is highly likely to maintain the fed-funds corridor at 4.25 to 4.50 percent; … Read more
Bitcoin is experiencing a bearish trend as it falls beneath crucial support averages, raising concerns about the dominance of bearish sentiment. A recent post on X by Shaco AI indicates that Bitcoin is exhibiting signs of “stage fright” as it remains just below crucial short-term moving averages, suggesting a possible decline in momentum. At the time … Read more