Bitcoin has been under major pressure over the last week and facing strong resistance currently at $60,000 levels. As of press time, Bitcoin is trading 1% down under $57,000 with…
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Long-Term Bitcoin Holder Supply Shock Hits a Record-High, Suggesting Price Could Surge in Months
by Mikiby MikiBitcoin (BTC) was a stone’s throw away from the psychological price of $50K during intraday trading. The leading cryptocurrency was up by 3.4% in the last 24 hours to hit…
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Bitcoin’s Circulation Hits a 2-Month High, Suggesting Price Could Follow Suit
by Mikiby MikiBitcoin (BTC) was up by 2.18% in the last 24 hours to hit $43,146 during intraday trading, according to CoinMarketCap. BTC’s price has been quite volatile given that it experienced…
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Bitcoin Fear & Greed Index Indicates Extreme Fear, Suggesting Considerable Uncertainty in the Market
by Mikiby MikiAfter breaching the psychological price of $50,000 and scaling above the $52K level earlier this month, Bitcoin (BTC) has been consolidating between the $40K and $44K level. BTC was hovering…
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Bitcoin Spot Exchange Reserves Dropped by 12,500 BTC in the Past 2 Weeks, Suggesting the Dip is Being Bought
by Mikiby MikiBitcoin (BTC) was up by 5.9% in the last 24 hours to hit $43,885 during intraday trading, according to CoinMarketCap. Earlier this month, BTC experienced a significant pullback that prompted…
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Bitcoin’s Hashrate Edges Closer to the 30-Day Moving Average, Suggesting a Bullish Crossover
by Mikiby MikiBitcoin miners seem to be on the right footing as the hashrate is on an upward trajectory after nosediving by more than 50%. Crypto analytic firm Dilution-proof explained: “The…
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Bitcoin on Exchanges Experience a Sharp 50-Day Drop, Suggesting Diminishing Sell-Side Pressure
by Mikiby MikiBitcoin was reclaiming the $34K level after falling to $32,000 before the weekend. The top cryptocurrency was hovering around $34,233 during intraday trading, according to CoinMarketCap. Bitcoin on crypto exchanges…