Tag: Bitcoin

Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K?

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Este artículo también está disponible en español. Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone. Market participants are now closely watching Bitcoin’s next move, anticipating continued momentum in the coming days. Related Reading Top analyst Carl Runefelt shared a compelling technical analysis on X, highlighting Bitcoin’s formation of a symmetrical triangle on the hourly…

6 Bitcoin funds launch in Israel next week: report

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The global adoption trend for Bitcoin-related investment products continues to strengthen, with Six new mutual funds set to debut in Israel. According to a report by the Calcalist on Wednesday, Dec. 25, the Israel Securities Authority has given the green light for six mutual funds that will track the price of Bitcoin (BTC). ISA’s approval of the funds last week paved the way for their debut on Dec. 31, the report stated. Cacalist’s report reveals that ISA expects all six funds – from Migdal Capital Markets, More, Ayalon, Phoenix Investment,…

Six Bitcoin (BTC) Mutual Funds to Launch in Israel Next Week: Report

Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday. All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was granted last week. The funds will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI, with management fees ranging from as high as 1.5% to 0.25%. One of the funds will…

Bitcoin Price Comeback: Can It Regain Ground?

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Bitcoin price started a recovery wave above the $95,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $95,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 support zone. Bitcoin Price Starts Recovery Bitcoin…

Bitcoin Faces Short-Term Uncertainty as Exchange Inflows Surge and Tether Liquidity Drops

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Bitcoin has recently experienced mixed market movements, with analysts closely monitoring on-chain data to understand the short-term trajectory of the leading cryptocurrency. On-chain metrics indicate a notable shift in exchange activity, with Tether (USDT) seeing significant outflows while Bitcoin (BTC) inflows into exchanges remain elevated. This trend suggests a potential “imbalance” in market dynamics, where selling pressure could lead to further price corrections in the short term. Spot Market Trends and Selling Pressure Signal Possible Downturn According to data shared by CryptoQuant analyst Onatt, more than 15,000 BTC have been…

Bitcoin Coinbase Premium Giving Potential Buy Signal, Quant Says

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A quant has explained how the latest trend in the Bitcoin Coinbase Premium Index could imply a buying opportunity for the asset. Bitcoin Coinbase Premium Index Has Plunged To -0.221% In a CryptoQuant Quicktake post, an analyst talked about the latest development in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to a metric that keeps track of the percentage difference between the BTC price on Coinbase (USD pair) and that on Binance (USDT pair). When the value of this metric is positive, it means the cryptocurrency is…

Bitcoin Crosses the Hallmark of 19.8 Mined Units on Xmas Eve

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On Dec. 24, 2024, the amount of mined bitcoins crossed the 19,800,000 mark, leaving less than 1.2 million bitcoins remaining until the total supply is exhausted. After the 2024 halving, approximately 450 bitcoins are mined each day. According to one of the earliest websites collecting various Bitcoin data, Clark Moody, December 24 saw achieving a 19.8 million mined bitcoins milestone.  As many of you might know, Bitcoin has a supply cap of 21 million units. Does it mean that all the bitcoins will be mined soon, and what happens when…

Bitcoin Price Can Recover To $107,000 Again If This Important Level Is Broken

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Este artículo también está disponible en español. Over the last few weeks, the Bitcoin price has been on a downward trend, experiencing significant declines that have pushed it below its all-time high above $104,000. Despite this price crash, a crypto analyst has predicted that Bitcoin could recover from this slump and potentially reach a new ATH at $107,000. However, for the pioneer cryptocurrency to make this recovery, it would have to break past a crucial Fibonacci level.  Why The Bitcoin Price Could Rebound To $107,000 Crypto analyst CobraVanguard released a…