Analysis Archives

Why aren’t large Bitcoin holders selling despite high prices? Insights and analysis

March 14, 2024 boss

As Bitcoin prices soar, the wealthiest investors are holding onto their assets. What’s driving this choice, and how does it affect the market? In recent years, the number of large Bitcoin (BTC) holders, called “whales”, has increased significantly. Data from Glassnode reveals a striking uptrend in the number of Bitcoin addresses holding over $100,000, escalating from less than 140,000 in July 2020 to nearly 680,000 by Mar. 12. Bitcoin addresses with a balance of more than $100,000 | Source: Glassnode Similarly, addresses possessing more than $1 million in Bitcoin surged from…

Bitcoin Technical Analysis: BTC Crosses $73K; Bulls Eye $75K as Next Major Goal

March 13, 2024 boss

On March 13, 2024, bitcoin achieved a new peak in its market value, reaching an unprecedented high of $73,679. In the past 24 hours, bitcoin not only increased by 1.8% but also showed notable gains over the week (10.7%) and the last two weeks (23.3%), elevating its market cap to an impressive $1.43 trillion. Bitcoin […] Original

Ethereum Technical Analysis: ETH Secures Position Above $4,000 Following Key Resistance

March 11, 2024

On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers, the digital currency showcased a strong performance amidst a trading volume of $27.57 billion. Ethereum Ethereum’s (ETH) journey on March 11 marked a significant upturn, […] Source CryptoX Portal

Bitcoin Technical Analysis: Oscillators and Averages Signal Strong Upward Momentum

March 11, 2024 boss

Bitcoin’s price on Monday, March 11, 2024, shows a bullish trend is undeniably in the air. The day unfurled with bitcoin dancing between $67,785 and $71,837, revealing a bullish sentiment amidst traders. This swing is underpinned by a robust market capitalization of $1.4 trillion, with a notable 24-hour trading volume of $48.50 billion. Bitcoin Our […] Original

On-Chain Analysis Reveals Tesla Has 11,509 Bitcoins and Spacex Owns 8,285 BTC, Says Arkham

March 8, 2024

Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […] Source CryptoX Portal

Bitcoin Technical Analysis: BTC Bulls Regain Strength After Recent Pullback

March 6, 2024 boss

In the last day, bitcoin exhibited a dynamic display, marked by significant fluctuations and upward movements across different periods. Upon hitting a peak at $69,210 per unit on Mar. 5, the cryptocurrency dipped below the $60,000 threshold, only to climb again on Wednesday, positioning itself in the $66,500 to $67,500 bracket. Bitcoin Over the course […] Original

Ethereum Technical Analysis: Bullish Market Sentiment Keeps ETH Above $3,500

March 4, 2024

Ethereum’s price experienced a turbulent trading session on March 4, 2024, with significant intraday fluctuations marking the landscape. Despite the short-term volatility, underlying indicators and moving averages suggest a strong bullish trend over the long term. Ethereum The last 24 hours saw ethereum’s (ETH) price swing from $3,411 to $3,537, encapsulating the volatile nature of […] Source CryptoX Portal

Bitcoin Technical Analysis: BTC Hits $65K, Edging Closer to Peak Valuation

March 4, 2024 boss

In a powerful demonstration of resilience, bitcoin’s value climbed past the $65,000 mark on March 4, 2024, showcasing a significant upward movement from its 24-hour low of $61,769. This climb is supported by a robust trade volume of $42.41 billion and a market capitalization of $1.276 trillion, indicating increased trader optimism. Bitcoin The hourly chart […] Original

Bitcoin Technical Analysis: BTC’s Bullish Rise Continues Amidst Market Optimism

March 1, 2024 boss

Over the past hour, as bitcoin’s value swings from $62,150 to $62,545 on March 1, 2024, the cryptocurrency market is experiencing a pronounced upward trend. With a trading volume of $55.41 billion over 24 hours and a market cap touching $1.21 trillion, bitcoin’s dominance in the market is clear. Technical indicators, including oscillators and moving […] Original

Bitcoin Technical Analysis: A Series of Successive Gains Signals Strong Market Confidence

February 28, 2024 boss

As bitcoin weaves its way through the market’s intricacies, its pricing path exhibits an unyieldingly positive trend, marked by a train of successive increases. Reaching $59,992, the leading digital currency experienced a significant intraday journey, fluctuating between $56,383 and $59,992, highlighting a period of volatility but with an extremely bullish undertone. Bitcoin The market cap […] Original