At long last, Bitcoin has finally broken past $10,000. On Saturday night, the cryptocurrency surged into the five-digit region for the first time in months, having trended higher for all of the past week.
Over the past few hours, BTC has found itself trying to stabilize above $10,000, pushing as high as $10,200 as late buyers stepped in.
While the bullish momentum has paused for the time being, analysts say that Bitcoin’s upcoming weekly close is likely to be a precursor to an even greater move higher in the coming weeks.
Bitcoin Preparing For 15% Jump From Here: Here’s Why
In the recent edition of the Decentrader newsletter, author and cryptocurrency trader Filb Filb drew attention to the $9,550 level for Bitcoin by posting the below chart, which shows that this price point has always been an inflection point for the market.
More specifically, when prices passed above $9,550, the leading crypto asset gained even more strength, and when prices failed to break this level, rallies quickly turned into bearish reversals.
With this in mind, he wrote that if Bitcoin can close the weekly candle above $9,550, which BTC is currently far above, it could “make its way to $11,500 quickly.” This would represent a 15% rally from current levels over the next few weeks.
Others Expect Upside Too
Filb Filb isn’t the only one expecting more upside from here.
Per previous reports from NewsBTC, analyst Ambroid recently noted in a chart that Bitcoin’s price structure since November 2019 is eerily reminiscent of that of late-2018 to early-2019; both periods had a multi-week consolidation in a tight range, a strong breakout, a three-week consolidation, before another thrust higher.
Ambroid depicted that if Bitcoin completes this seeming bottoming fractal, the price of the cryptocurrency could trade well past $20,000 around the time of May this year, which would line up with the block reward reduction or “halving.”
There’s also a sentiment from popular trader Cantering Clark. He on Saturday posted a tweet in which he stated that it’s becoming increasingly hard not to think that if $10,000 “gets popped” that a move to $14,000 “is a breeze with the amount of FOMO we could see.
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
It has not been all rosy in the past week, but the digital asset market has reacted fairly well to the start of Donald Trump’s new administration. Specifically, the Bitcoin price has been able to weather the uncertain storm clouding the cryptocurrency market over the past few days.
Bitcoin finally shot past $100,000 for the first time in its history
It is worth evaluating the state of demand vs. sell pressure to establish whether the price will now hold or pull back
BiThe post Bitcoin shoots past $100,000 - What are the odds on BTC holding on now? appeared first on AMBCrypto.
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The surge in Bitcoin ETF inflows and price highlights growing investor confidence and potential market stabilization amid economic shifts.
The post US Bitcoin ETFs see largest single-day inflow since late July, Bitcoin climbs past $60,000 appeared first on Crypto Briefing.
Data shows the crypto derivatives market has suffered a lot of liquidations in the past day as Bitcoin and others have plummeted. Bitcoin Has Declined More Than 3% In The Last 24 Hours Bitcoin has continued its recent bearish momentum in the past day as its price has observed a further plunge, coming down to the $56,600 level.
Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last 24 hours, with its price surging by more than 4%.
Bitcoin has finally breached the $61,000 mark again after a week of bearish consolidations. Bitcoin (BTC) is up by 4% in the past 24 hours and is trading at $61,050 at the time of writing, with its market cap surpassing…
Bitcoin prices have been trending lower in the past couple of weeks and generally remain within a bearish formation. Although momentum appears to be picking up, bulls are not out of the woods just yet.
Bitcoin (BTC) price has been on a downward momentum over the past week with the asset falling below the psychological $60,000 mark amid heightened whale activity. BTC declined by 8% in the past 24 hours and is trading at around…
On-chain data shows that the largest number of investors in the Bitcoin market are finally buying, which could be bullish for the asset’s value. Bitcoin Mega Whales Have Shown Net Inflows In The Past Day In the past few weeks, the Bitcoin price has struggled to mount any significant bullish momentum as it has been stuck consolidating inside a range.
After multiple test runs, the price of Bitcoin has officially zoomed past its all-time high and is now threatening to leave previous records in the dust.
Bitcoin has cleared the $67,000 level in the past day as on-chain data shows the population of whales on the network has continued to grow. Bitcoin Has Surged Alongside Increase In Whale Count As explained by analyst Ali in a new post on X, there has been a correlation between the cryptocurrency’s price and the […]
Bitcoin’s surge past $50,000 marks a bullish 2024, while Cardano whales explore Rebel Satoshi (RBLZ) for new opportunities. As Bitcoin surges past the $50,000 mark, bullish 2021 investors are reaping the rewards.
Quick Take On Feb. 12, Bitcoin’s value ascended above $50,000 for the first time since Dec. 2021, marking a nearly 20% increase over the past month. This surge was accompanied by robust inflows from the spot Bitcoin ETF, indicating a heightened investor interest.
It hasn’t been all sunshine and rainbows since the SEC decision on Bitcoin ETFs. After soaring past $48,000 after the launch of the market, it has been downhill from here, falling as low as $38,000.
Quick Take Yesterday, Nov. 19, Bitcoin surged past $37,000, coinciding with the win of pro-Bitcoin and “minarchist” libertarian candidate Javier Milei in the Argentinian presidential race.
On-chain data shows exchanges have registered Bitcoin deposits of about $1. 2 billion in the past month. Bitcoin Exchange Supply Has Seen A Significant Increase In The Past Month As explained by analyst Ali in a new post on X, exchanges have seen hefty inflows recently.
Over the past week, Bitcoin price reached new multi-month highs largely due to the euphoria of the potential approval of a spot exchange-traded fund (ETF). While the recent momentum appears to have waned in the past few days, there are signs that the premier cryptocurrency may not be done just yet.
Although BTC's price reclaimed the $28,000 price level recently, short-term holders have refused to sell.
Accumulation remains steady despite the coin's return below $27,500.
Bitcoin’s [The post Bitcoin briefly touches $28,000 again, but can it rally past? appeared first on AMBCrypto.
Bitcoin’s (BTC) price has been struggling around the $26,000 mark over the past week, but with the recent incline, more investors have shifted to self-custody. The flagship cryptocurrency finally gained bullish traction with a 1.5% rise in the past 24…
Bitcoin is hovering just above $26,000 on Monday morning, giving up slight gains witnessed over the weekend. The flagship cryptocurrency is down nearly 1% in the past 24 hours and 11% this past week.
Bitcoin and other cryptocurrencies plummeted early on Friday morning, with digital assets continuing to wallow at miserable levels over the past several weeks. Divergent opinions exist among the market players regarding what will happen next.
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Quick Take Bitcoin, known as the gold standard of cryptocurrency, has impressively held the title of the best-performing asset over the past decade. This is no small feat, given the competitive nature of the financial markets.
Bitcoin has risen by almost 80% in the first six months of 2023. However, as has been the case in the past, the cryptocurrency has experienced periods of stagnation before making any significant moves.
No investor or financial advisor has a crystal ball that can predict the movement of an asset, including bitcoin, with total certainty. But past bitcoin halvings can provide clues on what we could potentially expect.
After a steady decline since Wednesday, Bitcoin traded flatly throughout the weekend despite recovering slightly on Saturday. In the past week, the leading cryptocurrency by market capitalization has lost over 8% of its value.
Bitcoin, the world's most popular cryptocurrency, has once again shown its volatile nature, as its price surged past $26,000 before dipping to $24,070 on the Bitstamp exchange
Bitcoin is showing signs of recovery, recording a 5.3% price pump for the past week to trade at $20,129, according to tracking from CoinGecko as of this writing. Here’s a quick look of what has transpired in the past few days: British Pound fell to an all-time low value of $1.03 against USD on September […]
Bitcoin has been unable to break above key resistance levels at around $23,000. As a consequence, the cryptocurrency has been moving sideways over the past two days while preserving some of its gains over the past week.
Bitcoin has been trading in the green over the past 24 hours as traditional markets see an overall recovery. The number one crypto by market cap experienced an increase in selling pressure over the past month as macro-economic conditions favored a decline in risk-on assets.
Bitcoin (BTC) is on track to end the month in red. The cryptocurrency declined by 3% over the past 24 hours, although some analysts expect brief stabilization.
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The latter half of May was pretty dreary for Bitcoin. The coin’s price slumped by more than 35% over the past month alone. While some from the community argued that the drop, or rather correction, wThe post Bitcoin can break past $40k, but here are the conditions appeared first on AMBCrypto.
A look at the Bitcoin Dominance over the past few hours suggested that, surprisingly, Bitcoin has suffered more losses than the altcoins during these past few hours. The altcoin market posted losses aThe post Cardano, VeChain, Dogecoin Price Analysis: 15 March appeared first on AMBCrypto.
Bitcoin's price has gone past multiple ATHs over the past two months, with its ATH of $58,640 being the latest one. However, the last 7 days haven't been the best of times for the world's largest crypThe post The current Bitcoin bull run is different; here's why! appeared first on AMBCrypto.
Ever since Bitcoin surged past the $50,000 mark, many in the crypto ecosystem have been optimistic about the future price of the asset. As predicted by most bulls, the price of Bitcoin breached $52,00The post Bitcoin surges past $52,000! appeared first on AMBCrypto.
“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter.
Ethereum-based (ETH) social token platform Rally said its sidechain would shutter operations on January 31, and users would be unable to transfer their non-fungible tokens (NFTs), according to emails sent to its community on the same day.
It’s been an explosive past few weeks for Bitcoin. The cryptocurrency, after bottoming at $3,700 in the middle of March, has rallied over 170%. BTC, in fact recently crossed back above the ever-important $10,000 level.
Bitcoin has done extremely well over the past 24 hours. After falling as low as $6,800 on Wednesday, the cryptocurrency mounted a strong comeback on Thursday morning, rallying from $7,050 to $7,800 in an explosive fashion to mark an over 10% gain.
