Will Bitcoin hit $45k? It's up to the short-term holders

If history repeats itself, Bitcoin's distribution may take place around $45,000. The coin's price may decrease below $37,000 before another major uptrend. The $35,000 region may have become The post Will Bitcoin hit $45k? It's up to the short-term holders appeared first on AMBCrypto.

271 +

Bitcoin (BTC) May Drop Below $25,000 If This Scenario Plays Out: Prominent Analyst

Popular crypto analyst shares his take on which direction Bitcoin price may head from here

184 +

Will Bitcoin Rebound? This Metric May Be The One To Watch

The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the dolphins and sharks of the top stablecoins like Tether (USDT) and USD Coin (USDC) may be relevant for the price of Bitcoin.

106 +

Bitcoin network hash rate hit a record high in May

Bitcoin network activity climbed for the fifth month straight. Mining difficulty and transaction fee also climbed in May. The world’s largest cryptocurrency lost about 8. 0% last month. Bitcoin may have lost about 8.

232 +

Bitcoin traders can expect this as BTC ends May in red

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The U.S. overwhelmingly passed the recent deThe post Bitcoin traders can expect this as BTC ends May in red appeared first on AMBCrypto.

244 +

4 Crypto Traders Who Were Profitable Trading Bitcoin in May 2023

The Bitcoin (BTC) price moved between $30,000 and $25,800 in May and is currently trading at $26,800 The post 4 Crypto Traders Who Were Profitable Trading Bitcoin in May 2023 appeared first on BeInCrypto.

244 +

Over $2.2B worth of options for Bitcoin set to expire on May 26

Quick Take Bitcoin has approximately 85,000 options awaiting expiry on May 26, according to Deribit data as of May 23. The leading crypto currently has a 0. 38 Put Call Ratio, whereas the maximum pain point is near the $27.

240 +

Crypto Market Forecast: Week of May 22nd 2023

A curated weekly summary of forward-focused crypto news that matters. This week, a looming US government default may be bullish for BTC, varying global regulatory approaches to Bitcoin creates mixed sentiment, and transaction activity on the Bitcoin blockchain booms because of the ordinals protocol.

147 +

Bitcoin price hits $27.2K, but new analysis warns more losses ‘likely’

Bitcoin may be up 7.5% since May 12, but BTC price action is not giving everyone cause for positivity.

239 +

Veteran Analyst Peter Brandt Says This Level Is Of “Huge Significance” To Bitcoin

101 +

Bitcoin in strong accumulation zone, may rally

On-chain analytics firm Glassnode's data reveals that bitcoin investors have recently been aggressively accumulating the cryptocurrency, a trend that may help prolong the ongoing rally.

284 +

Bitcoin Price: Bloomberg Senior Analyst on What May Refuel BTC

Mike McGlone on what may revitalize gold and gold 2.0, also known as Bitcoin

138 +

Here's How Bitcoin's Downtrend May End

Bitcoin may need to close above $26,000 in order to confirm the start of a new bull market, according to this analyst

385 +

Why Pain May Not Be Over For Bitcoin Holders Just Yet

Past trend of the Bitcoin long-term holder SOPR (EMA 30) may suggest that BTC holders may face more pain in the coming months. Bitcoin Long-Term Holder SOPR Has Dropped Below “One” Recently As explained by an analyst in a CryptoQuant post, BTC investors may be in for a frustrating few months if history is anything to go by.

524 +

Bitcoin Immune to 'Sell in May' Adage, if History Is Guide

Historically, May has been the fourth-best month for bitcoin.

275 +

Bitcoin Immune to 'Sell in May' Adage if History Is Guide

Historically, May has been the fourth-best month for bitcoin.

167 +

Here's How Bitcoin May Reach $50,000

Bitcoin’s way to $50,000 might not be as easy as it may seem

287 +

First Mover Americas: Bitcoin Downtrend Intact, Recession Fears May Weigh

Bitcoin's post-Fed bounce stalls, the shape of the Treasury yield curve may keep risk appetite under check.

183 +

One more Bitcoin price dip? BTC may fall again before ‘slow grind up,’ warns analyst

Leverage may be gone but Bitcoin faces an uphill struggle and multiple potential resistance levels on the road back to all-time highs.

144 +

Bitcoin: A supply shock may be coming, but this is what it means

Bitcoin, at press time, had been following its sideways price trajectory for over a week, humbly oscillating between the $40,000-$30,000 levels. With this ceiling not having been topped since May, excThe post Bitcoin: A supply shock may be coming, but this is what it means appeared first on AMBCrypto.

282 +

Worst month for BTC price in 10 years: 5 things to watch in Bitcoin

Strong hands are hodling stronger than ever as May 2021 lines up to be the worst May ever for Bitcoin.

182 +

Bitcoin Price Analysis: 23 May

After a 11% decline at press time, Bitcoin was concluding its bearish week. BTC was priced just above $32,500, as other assets met their lows from May 19. Support levels at $40,500 and $34,800 have boThe post Bitcoin Price Analysis: 23 May appeared first on AMBCrypto.

276 +

US gov is Bitcoin’s last remaining adversary, says Messari founder

Bitcoin may have experienced the perfect storm for success, but action by the United States government may remain a threat.

234 +

Bitcoin price ‘bearish alert’ as 140K BTC from Mt. Gox may move for the first time

The latest deadline in the Mt. Gox rehabilitation process may pave the way to unleash $2.6 billion in Bitcoin for sale.

202 +

Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

WBTC, BTCB, and other wrapped Bitcoin implementations may contribute to a BTC supply shortage looming on the horizon

221 +

Analysts Expect Bitcoin to See New Highs as Uptrend Continues

Bitcoin has been struggling to gain any strong momentum throughout the past few days and weeks, with buyers and sellers reaching an impasse as the crypto nears $14,000 The selling pressure here has been quite significant and may continue slowing its ascent in the days and weeks ahead That being said, bears have been unable to spark any sustained selloff as of late, which is a positive sign that indicates upside may be imminent One […]

394 +

Gold Is Poised to Retake a Crucial Support—and That’s Bullish for Bitcoin

Bitcoin has seen muted price action over the past few days after plunging from the $10,900 weekly highs as a result of negative new regarding BitMEX. Gold may soon be primed to retake a crucial support level on a medium-term scale, which may help to boost BTC after the aforementioned correction. Related Reading: Ethereum Transaction […]

330 +

One of Hal Finney's lost contributions to Bitcoin Core to be 'resurrected'

While Hal Finney may no longer be with us, one of his proposals from 2011 may soon find its way to Bitcoin thanks to an expired patent.

274 +

Are Bitcoin Gambling Sites Safer than other Crypto Casinos?

While you may have heard of the cryptocurrency Bitcoin, we’d wager that you may be under some misconceptions about this trail-blazing token. For example, many of you may believe that it’s a volatile and unstable entity, and while it occasionally experiences some relatively wild price movements under specific market conditions, it’s actually far more stable […]The post Are Bitcoin Gambling Sites Safer than other Crypto Casinos? appeared first on CaptainAltcoin.

239 +

Analyst on Bitcoin: Wall Street Isn’t Ready For What’s Next

Bitcoin price just set a new yearly high after pushing above $12,000 and may be gearing up for an explosive move higher. The first-ever cryptocurrency may be finally entering a new uptrend. If this is the case, and the asset continues to follow the stock-to-flow model, Wall Street may be left in shock after having to adjust their chart settings to keep up with Bitcoin’s logarithmic growth.

320 +

Bitcoin Hodlers may profit as fundamentals gain strength

Bitcoin traders are waiting to reap profits from the halving event that took place in May, but as the price moved sideways this wish still remains unrealized. Even though BTC price has faced tough resThe post Bitcoin Hodlers may profit as fundamentals gain strength appeared first on AMBCrypto.

338 +

Bitcoin monthly technical analysis: May to June 2020

The Bitcoin price index closed at $9,453 on May 31 to end the month...

The post Bitcoin monthly technical analysis: May to June 2020 appeared first on Coin Journal.

355 +

Bitcoin Gets Rejected at Resistance, Signaling End of Retracement

The Bitcoin price has been retracing since reaching a low of $8,815 on May 21. However, the price has failed to break out above the 0. 5 Fib level of the previous decrease and has been decreasing since the morning of May 24.

324 +

Bitcoin Traders are Watching for $4,000 as Indicators Signal an Insane Move is Coming

Bitcoin’s consolidation seen throughout the past few days may simply be the calm before the storm, as one technical indicator is now suggesting that the benchmark cryptocurrency may soon see a movement of a similar magnitude to that seen when BTC plummeted from $8,000 to $3,800.

340 +

Analyst: Bitcoin may reach $13k before halving for this key reason

The Bitcoin price has increased from $6,400 to $10,150 in less than two months. Ahead of the block reward halving in May, BTC is likely to see a continuous upward trend. The Bitcoin halving in May reduces the total reward miners get for mining blocks containing transactions on the network.

267 +

Bitcoin May Dip to $6.8K Without New Coronavirus-Style Event — Trader

Bitcoin’s 40% year-to-date gains may be about to turn to losses, Cointelegraph guests warn

262 +

Three Reasons Why Bitcoin May Have Just Short-term Bottomed After Big Spike

Bitcoin is leading crypto markets back into the green again today but they have a long way to go before anything can be considered ‘healthy’. The 14% bounce could simply be a bull trap or BTC may finally have been at the bottom and readying for another run.

220 +

Why Bitcoin Just Dropped Below $6900 in Abrupt Drop, Risking a Big Fall

Bitcoin (BTC) has just lost the key support of $7,000 after trading above this level for over a week. This marks the first bout of volatility the cryptocurrency market has seen in weeks and, as such, may imply that a larger move in the downward direction may take place in the coming days.

233 +

Current Bitcoin Price Trajectory Similar to May 2018, Prior to $3,000 Drop: Analyst

Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble. ” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story.

255 +

Why Bitcoin Price May Soon Jump 15% to $8,500: Trader Who Foresaw Decline to $6,600

It may have been Thanksgiving on Thursday, but Bitcoin (BTC) held its ground, managing to make a number of key time frame closes above the key $7,400 support level. As of the time of writing this, CoinMarketCap reports that the cryptocurrency is trading for $7,550, up a mere 0.

221 +

Bitcoin’s Moving Average Crossover Indicates That the Bottom May Be Near

The Bitcoin price initiated another rapid decrease on November 22 — reaching lows close to $7000. According to long-term charts and moving averages (MAs), it may be nearing the end of the correction.

240 +

Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

Bitcoin may soon face selling pressure, courtesy of an impending bear cross. Longer term, though, the picture may be less gloomy for the bulls.

229 +

Bitcoin’s Defense of Major Support May Fuel Price Bounce to $9,600

The widely tracked 200-day average continues to restrict losses in bitcoin and may catapult prices to $9,600.

227 +

Bitcoin Halving Price — Short-Term Movement May Not Matter

Bitcoin goes through an even known as halving every time 210,000 blocks are mined. As a result, the mining rewards are cut in half. This event occurs roughly every four years. Therefore, there have been two halvings hitherto, with the third one expected to occur on May 2020.

318 +

Bitcoin’s Record Hash Rate May Hint at Price Gains to Come

Bitcoin's latest bout of consolidation may end up with bullish breakout, as a key metric of miner confidence has hit all-time highs.

227 +

Prominent Analyst: Bitcoin May Have Established Mid-Term Bottom

Bitcoin has incurred some upwards momentum today after facing growing selling pressure around $10,000. BTC’s ability to hold above this price level may be a bullish sign, as it signals that bears do not currently have enough strength to send the crypto back to its next major support level in the lower-$9,000 region.

320 +

Max Keiser Claims Bitcoin May Target $15,000 This Week, and TA May Support This

Bitcoin and the aggregated crypto markets have incurred a significant amount of upwards momentum over the past few days that has allowed BTC to put a significant amount of distance between its current price and its recent lows of $9,100.

176 +

Fresh Bitcoin Uptrend May Start in September, But Drop to $7,000 Could Precede Bull Run

Bitcoin and the aggregated crypto markets are experiencing a day of green after facing strong selling pressure over the past couple of days. Despite this, BTC still appears to be in precarious territory, and it may soon lose the support it currently has around $10,000.

261 +

China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month.

291 +