Market Analysis

Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Traders: BTC price must retain $26,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp. The pair saw weakness after

Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000. Regulatory pressure, stronger U.S.

Bitcoin (BTC) neared two-month lows on May 12 amid fears that a “head-and-shoulders” pattern would put bears ahead. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis of BTC price: “Welcome to bearadise” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $26,100 on Bitstamp — its lowest since March 17. Despite encouraging macroeconomic conditions

The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000 BTC bears will try to take advantage of macroeconomic headwinds, Silk Road coins’ FUD, and uncertainty caused by Bitcoin’s transaction fee spike to pull Bitcoin’s price down

Warren Buffett moving into cash suggests that he’s bracing for a possible collapse in risk-on asset prices. With Bitcoin (BTC) up 70% year-to-date and correlated with equities, should BTC investors also prepare for a potential stock market crash?  Buffett says “incredible period” is over Warren Buffett’s Berkshire Hathaway dumped $13.30 billion worth of equities and

Bitcoin (BTC) ticked higher around the May 10 Wall Street open as United States inflation data beat expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Markets eye June Fed rate hike pause Data from Cointelegraph Markets Pro and TradingView showed BTC/USD responding instantly to the April Consumer Price Index (CPI) print, up 1.7% on the

Bitcoin (BTC) tracked $27,500 on May 10 as markets geared up for what should be a positive United States inflation print. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI set for months of decline Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered in a narrow trading range ahead of the April

Bitcoin (BTC) treaded water below $28,000 on May 9 as markets prepared for macroeconomic data releases. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin stays muted on eve of CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting near $27,700 at the day’s Wall Street open. The pair had seen deeper losses the

Here’s how Bitcoin (BTC)  traders can profit whether its price move up or down 10% within 55 days. Bitcoin options: Bracing for volatility Traditional market analysts have started calling for a volatility spike due to the U.S. government debt discussion. Moreover, signs of stress coming from the banking sector took investors by surprise after the

Bitcoin (BTC) could be set for historic gains thanks to a simple trend line breakout, a popular trader hopes. In a Twitter discussion on May 5, Titan of Crypto flagged a rare bull signal on the Bollinger Bands indicator for the Bitcoin monthly chart. Bitcoin price may see “inexorable breakout” BTC price action currently impacts

Bitcoin (BTC) miners have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miners over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price

New meme-coin Pepe (PEPE) has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago. On May 3, the PEPE price dropped to $0.00000089, down about 35% from its record high of $0.00000138 established two days ago. As a result of the correction, its market capitalization slipped by nearly

The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200 level from April 30. $30K becomes crucial for Bitcoin bulls Some analysts will pin the recent downtrend on the expectation of an interest rate increase by the United States Federal Reserve

The share of Ethereum (ETH) held by so-called whale addresses has dropped since Ethereum’s Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in t near term. ETH whale population shrinks post-Shapella The amount of Ether held by addresses with 1,000-10,000 ETH, or “whales,” was over 14.033 million ETH on May 1, according

Bitcoin (BTC) has room to drop below $25,000 to flush out a recent influx of speculators, research shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged the ongoing influence of “short-term holders” (STHs) on BTC price action. Profitability reset point lies below $25,000 BTC/USD has struggled to overcome

Bitcoin (BTC) saw considerable volatility between April 25 and May 1, ranging between $27,200 and $30,000. From a trading perspective, the 10.5% move sounds alarming, resulting in $340 million in leveraged BTC futures contract liquidations. However, from a broader angle, Bitcoin price is up 72% year-to-date in 2023, while the S&P 500 stock market index