Bitcoin Blockchain and Cryptocurrency News Center
Bitcoin bulls fight to hold the $40,000 level as support while many altcoins sell-off due to profit taking. Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940. Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling […]
Key derivatives indicators show pro traders remain strongly bullish even as Bitcoin price continues to reject at $19,800, the Cointelegraph writes. Most investors that follow Bitcoin will have recently heard about the growing impact Bitcoin (BTC) futures and options markets have on Bitcoin price. The same can be said for the price swings caused by liquidations at […]
Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000, the Cointelegraph reported on October, 18. Data from Skew shows Bitcoin’s (BTC) spot volume on LMAX Digital, an exchange that mainly caters to institutions, has overtaken retail-oriented exchanges. This signals that institutional investors could be building up positions […]
The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price. On Oct. 7 top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of […]
The changing distribution of open interest is “wildly bullish,” one crypto fund manager says as John Bollinger says the price rally is “picture perfect.” Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price. In a tweet on Aug. 18, the derivatives trader […]
The price of Bitcoin spikes to $11,200 but three key factors suggest that a short-term pullback is likely as the BTC rally becomes overheated, the Cointelegraph notes. The price of Bitcoin (BTC) has increased from $10,995 to over $10,200 in the past 12 hours. But while the momentum of BTC also pushed up the price […]
Multiple indicators are signalling that professional traders are bullish on Bitcoin derivatives, suggesting that the $10,000 level could soon be tested, the Cointelegraph reported. There are few indicators capable of accurately detecting professional traders’ sentiment on Bitcoin (BTC). To ascertain whether or not market participants are positioned in a bullish or bearish manner, analysts usually […]
As bitcoin closes in on $9,600, gold surpasses $1,900 and DeFi liquidity steadily grows. Bitcoin (BTC) trading around $9,592 as of 20:00 UTC (4 p.m. EDT). Slipping 0.03% over the previous 24 hours. Bitcoin’s 24-hour range: $9,475-$9,601 BTC above 10-day and 50-day moving averages, a bullish signal for market technicians. Gold is on the brink of […]
The short-lived outburst of trading activity could hint at a larger trend in both cryptocurrency and stock trading. Less than two weeks after the price and trade volume of Dogecoin (DOGE) exploded following a get-rich-quick TikTok challenge that went viral, the meme coin has been making headlines again. This time, Elon Musk’s humorous tweet briefly reversed the downward […]
The past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash, the NewsBTC writes. With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement to […]