Bitcoin’s 200-day trend has turned bearish, which could suggest the bull market is over, but some analysts don’t think we’re there yet.
Bitcoin’s miner margins and NVT metric indicated a bottom range, but a final downside sweep remains possible.
Animoca Brands’ founder, Yat Siu, anticipates that the crypto industry will not have a one-winner “takes all” scenario like the internet era in the early 2000s.
Bitcoin has broken character for two consecutive months and now faces two possible paths: a resurgence in demand or a deeper accumulation phase.
An analyst has warned that Bitcoin’s recent liquidation event may not be finished, with remaining leverage potentially pushing prices somewhere between the $70,000 to $80,000 zone.
Texas has also allocated an additional $5 million for direct, self-custodied Bitcoin, signaling growing state-level adoption in the US.
Bitcoin price stalled as traders considered the impact of Friday’s $14 billion options expiry, with data showing some bullish traders positioning for higher prices.
Negative Bitcoin funding rates and large short liquidity zones could be a sign that a short-squeeze to $90,000 and higher may be in the cards.
One analyst found that 40% of Bitcoin is held at a loss, while ETH and SOL data currently stand at 40% and 75% respectively. Should investors be worried?
Bitcoin saw one of its largest supply migrations ever as traders braced for the US Federal Reserve’s December rate decision and shifting expectations toward a rate cut.