Tag: 122K

Bitcoin ETFs extend inflow streak with $876m as price holds near $122k

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Bitcoin ETFs are still holding strong, continuing their trend of inflows despite the recent dip in the asset’s price. Summary Bitcoin price has dipped to $122,200, retreating from a $126,198 high amid fresh selling pressure. U.S.-listed Bitcoin ETFs are still recording inflows, pulling a total of $875.6 million on Oct. 7. Despite the pullback in price, BTC remains bullish, with support at $120,000 and RSI cooling to 63.35 after nearing overbought levels. Bitcoin ETFs have posted another day of inflows, recording a total of $876.5 million during the latest trading…

Bitcoin Rally Will ‘Continue Higher’ Despite Drop to $122K

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Key takeaways: Bitcoin dropped to $122,500 on Tuesday, but onchain data shows no signs of an overheated market. The resistance at $135,000 remains the main BTC price barrier for now, with key support around $120,000. Market analysts said Bitcoin’s upside remained intact despite the 1.7% correction from its all-time high of $126,200 reached on Monday. BTC/USD hourly chart. Source: Cointelegraph/TradingView Bitcoin to see a “small pullback” before continuing higher “BTC has been in an up-only mode,” with the price printing just one red candle in the past 11 days,” said…

Bitcoin Pulls Back From $122K, Is the Rally Losing Steam or Just Pausing?

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Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at current price levels. One metric drawing attention is Binance’s share of global trading volume. According to CryptoQuant analyst BorisVest, the exchange’s dominance in trading activity provides valuable context for interpreting Bitcoin’s performance at all-time highs…

Watch Out for Potential BTC Double Top as Bulls Fail to Break $122K Again

This is a daily analysis by CryptoX analyst and Chartered Market Technician Omkar Godbole. The bitcoin rally has stalled, raising the possibility of a potentially bearish technical formation: a double top. A close examination of the daily chart reveals that bulls failed to sustain a rally above the key Fibonacci level of $122,056 on Monday, a performance that precisely mirrors a similar rejection on July 14, according to data source TradingView. This dual failure to establish a foothold above the key price point, separated by a brief pullback, is a…

Bitcoin Shoots Back Above $122K After Positive Week

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The price of Bitcoin shot above $122,000 on Monday, building on momentum from a bullish executive order in Washington and three straight days of spot Bitcoin exchange-traded fund inflows to close out last week. Henrik Andersson, chief investment officer of Apollo Crypto, said the move was overdue following a month of consolidation. “In our view it was just a matter of time before it would break up. In this time we have seen positive ETF flows, more treasury companies buying Bitcoin and a number of positive developments coming out of…

Strategy Buys $740M in BTC After $122K Surge

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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time last Monday. Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according…

Metaplanet Acquires 797 Bitcoin as BTC Tops $122K

Key Notes Japan’s MicroStrategy, Metaplanet, recently purchased 797 BTC at an average price of $117,451 per coin. This latest purchase brings its total Bitcoin holding to 16,353 BTC. Core Bitcoin proponents are confident that the price of the coin will hit $250,000 soon. While Bitcoin BTC $121 325 24h volatility: 2.9% Market cap: $2.41 T Vol. 24h: $39.72 B shocks crypto enthusiasts with a $122,000 price level, Metaplanet decided to increase its holdings. The company, widely called Asian MicroStrategy, recently added 797 BTC to its holdings. This move shows that…