Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36 trillion. Bitcoin Bitcoin’s daily chart highlights a major uptrend starting in early […] Original
Tag: Analysis
Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation
Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily chart reveals a market that has transitioned from a significant rally to a consolidation phase. After an […] Original
Bitcoin Technical Analysis: BTC Shows Consolidation Phase Amid Recent Volatility
Bitcoin’s price on May 29, 2024, reflects a period of consolidation following recent volatility. The current price stands at $67,739 with an intraday range of $67,201 to $68,880. Technical indicators and moving averages provide a mixed outlook, indicating both potential stability and the possibility of future movements. Bitcoin Bitcoin’s 1-hour chart reveals a high of […] Original
Why is crypto up today? Full analysis
The crypto market cap is now at $2.57 trillion after ranging between $2.17 trillion and $2.7 trillion since March. Many macroeconomic factors are at play here. So why are crypto prices rising? Why are crypto prices rising? The crypto market cap, the sum total of value in the market, has been hitting a range not seen since late 2021 over the last few months. Today, Bitcoin (BTC) is trading at around $68,390 after rising 7% in the last week. This marks a 312% increase since the lows seen in 2022…
Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K
As of May 27, 2024, bitcoin is trading at $68,457 with a market capitalization of $1.34 trillion. The leading crypto asset has experienced an intraday price range of $68,308 to $69,340 with a 24-hour trade volume of $10.74 billion. Bitcoin The short-term analysis based on BTC’s 1-hour chart reveals a slight downward trend following a […] Original
Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis Reveals
In a recent analysis by Kaiko, it has been found that hedge funds are currently holding net short positions on bitcoin (BTC) and ether (ETH) futures. This strategic move reflects a cautious stance amid fluctuating market dynamics and speculative trading activities. Study Shows Hedge Funds’ Net Short Positions in Bitcoin and Ether Futures Amid Market […] Source CryptoX Portal
Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity
Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin (BTC) reaching a peak of $71,958 before retreating to […] Original
Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode
As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals a significant decline from a peak of […] Original
The Biden Administration Is Easing Up on Crypto (a Vibes Analysis)
It remains to be seen whether Biden will veto the measure, despite the fact that the independent Government Accountability Office (GAO) said the SEC inappropriately imposed the guidance. However, the important thing here is that sane, bipartisan, crypto rulemaking is possible, despite the opposition of figures like arch crypto skeptic Senator Elizabeth Warren (D-MA). Source
Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels
As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently […] Original