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
The US Bitcoin ETFs are significantly indicative of the prevailing bullish sentiments currently permeating the crypto market. Following an impressive performance in the third week of April marked by $3.06 billion in net inflows, these Bitcoin ETFs successfully retained investors’ interest by attracting almost $2 billion in deposits over the past week. Notably, Bitcoin has … Read more
Analyst Indicates Bitcoin is Displaying Pre-Rally Signals Observed Prior to Significant Breakouts in 2024. A recent CryptoQuant Quicktake post suggests that Bitcoin (BTC) may be on the verge of its next significant movement. Contributor Crypto Dan noted that BTC is presently establishing an accumulation pattern akin to those seen in 2024 – patterns that preceded substantial … Read more