Bitcoin’s transaction volume is falling alongside its price. At first glance, that sounds bearish because weak activity is usually a result of weak demand, lower participation, and a lack of momentum. However, technical analysis shows the historical pattern conveys a more complicated story. Technical analysis from CryptoCon shows Bitcoin’s transaction volume strength falling close to…
Binance pool miner reserves slipped from 41,987 to 41,915 in May, a small but telling sign that selling pressure from miners has not fully stopped. Crypto analysts said that because Binance Pool controls a major share of global hash rate, its behavior tends to reflect how Bitcoin miners feel before the broader market catches on.…
Crypto analyst Phila has predicted that the Bitcoin price could see a massive decline to $55,000 after breaking a 14-year support level. This comes amid BTC’s fall below the psychological $80,000 level, with the leading crypto now at risk of dropping to new lows. Analyst Predicts Bitcoin Price Drop To $55,000 Amid Breakdown In an…
Millionaire businessman Kevin O’Leary has indicated that stablecoins are more valuable than Bitcoin because of their role in the global financial system. He also highlighted the “big opportunity” as one of the layer-1 networks could be the biggest beneficiary of traditional finance (TradFi) firms moving on-chain. Kevin O’Leary Praises Stablecoins Over Bitcoin In an X…
The Bitcoin weekly chart has printed a red candlestick in a way that has quietly preceded some corrections. This candlestick appears in the numbers: in the open, the push, the rejection, and the close. That is exactly what happened last week. The candle that formed has now drawn the attention of an analyst who has…
Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin…
Bitcoin’s long-term chart has produced another interesting price projection, as crypto analyst Crypto Tice is pointing out a technical roadmap needed for a rally to $500,000. This Bitcoin price forecast is based on a broad ascending channel that has guided the cryptocurrency through previous support tests, midrange rallies, and rejection zones. Notably, the latest structure…
Crypto analyst Cyclop has provided insights into when the Bitcoin price could hit a new all-time high (ATH) above $120,000. This came as the analyst alluded to historical data indicating that BTC could bottom in this bear cycle by the last quarter of this year. Analyst Reveals When Bitcoin Price Will Hit New ATH Based…
According to a recent on-chain study, the Bitcoin market has entered another crucial phase, driven by a growing divergence between retail and whale activity. Whale Positioning Diverges Sharply From Retail Optimism In an X post on May 16, crypto analyst Joao Wedson highlights a clear schism between Bitcoin retail and whale activity. This post’s assertion…
Crypto analyst Gargoyle has advised market participants not to buy Bitcoin until it sees high volume, which could mark the bottom. This comes amid BTC’s recent drop below the psychological $80,000 level, with the leading crypto at risk of another decline. Analyst Advises Against Buying Bitcoin Until Bottom Is Confirmed In an X post, Gargoyle…
