Bitcoin Bull Market Roars Back To Life: Key Levels To Watch

2024-8-27 15:03

The Bitcoin bull market is officially back on track, according to the IFP index.

On lower time frames, Bitcoin appears to be trading within a parallel channel, setting the stage for a potential price swing.

The #Bitcoin bull market is officially back on, according to the IFP index! pic.twitter.com/oiTf00pwFL

— Ali (@ali_charts) August 26, 2024

If the crucial $63,500 support level holds, Bitcoin could experience a bounce back to $64,200 or even $64,800. However, if this support breaks, a drop to $62,800 may be imminent.

#Bitcoin seems to be trading within a parallel channel on the lower time frames. If the $63,500 support holds, $BTC could bounce back to $64,200 or even $64,800. However, if it breaks, a drop to $62,800 might be on the horizon! pic.twitter.com/4hROkZxQNp

— Ali (@ali_charts) August 26, 2024

Bitcoin Spot ETFs Recorded Notable Net Inflow Of $506 Million Last Week 

In a significant development, Bitcoin spot ETFs saw a net inflow of $506 million last week (August 19-23), indicating growing investor interest. Notably, BlackRock’s IBIT ETF and Fidelity’s FBTC ETF experienced substantial inflows of $318 million and $87.79 million, respectively, while Grayscale saw an outflow of $86.54 million. The total net asset value of Bitcoin spot ETFs now stands at $58.426 billion.

Bitcoin spot ETFs had a net inflow of $506 million last week (August 19 to August 23, Eastern Time). Grayscale had an outflow of $86.54 million, BlackRock ETF IBIT had an inflow of $318 million, and Fidelity ETF FBTC had an inflow of $87.79 million. The total net asset value of…

— Wu Blockchain (@WuBlockchain) August 26, 2024

As Bitcoin’s price navigates this critical juncture, investors are keenly watching the $63,500 support level. Will it hold, or will we see a brief pullback? One thing is certain – the Bitcoin bull market is back, and all eyes are on its next move.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: jolly5xpander/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95009.2 (+0.98%)
Объем 24H $54.486b
Изменеия 24h: 0.04 %, 7d: -11.63 %
Cегодня L: $93321.34 - H: $95165.72
Капитализация $1882.028b Rank 1
Цена в час новости $ 61789.54 (53.76%)

bitcoin back market parallel within appears trading

Источник: nulltx.com

bitcoin back → Результатов: 126


Bitcoin slides off Fed meeting before bouncing back, but what next?

Key Takeaways Federal Reserve hikes 25 bps, Bitcoin drops over 6% Bounceback in prices follow, however, as market bets on rate cuts down the line Bitcoin originally fell to $26,700 and is now back at $27,700 Tight monetary policy appears to be coming to a close, which is exactly what Bitcoin investors want to hear […] The post Bitcoin slides off Fed meeting before bouncing back, but what next? appeared first on CoinJournal.

2023-3-23 17:14


Will Bitcoin bounce back? Why 2022’s pain is different to anything previously

Key Takeaways Bitcoin has closed the year down 64%, its worst year since 2018 This bear market is different, as for the first time ever in Bitcoin’s existence, the wider economy is also pulling back Bitcoin’s correlation with the stock market is extremely high, proving it trades like a high-risk asset Fans will hope this […] The post Will Bitcoin bounce back? Why 2022’s pain is different to anything previously appeared first on CoinJournal.

2023-1-4 15:05


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Euphoria Takes Hold: What’s Next For BTC?

Bitcoin ($BTC) is officially in its euphoric phase, with 99. 3% of UTXOs currently in profit. This optimism has sparked widespread happiness among holders, as such phases historically last 3–12 months—though exceptions like the bull trap of November 2021 serve as cautionary tales.