Tag: Bitcoin

Bitcoin shows record weekly oversold as selling pressure eases

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Bitcoin has hit its most extreme weekly oversold level on record as selling slows. Summary Research firm K33 says bitcoin is in its deepest weekly oversold zone ever. The move follows months of selling from long-term holders and institutions, though that pressure is now easing. Bitcoin (BTC) reclaimed $71,000 with roughly 7% daily gains as derivatives metrics show cautious but stabilizing positioning. Bitcoin (BTC) has entered the most extreme weekly oversold zone in its history, according to a new report from research firm K33, even as early signs suggest that…

Bitcoin Pattern Memory Predicts The Bottom, And It’s Below $40,000

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Bitcoin’s market cycles have often followed recognizable technical structures, and one analyst now believes those repeating structures may already be pointing toward the next major bottom. This is the foundational principle behind why Elliott Wave, Harmonic Patterns, and Wyckoff theory work: trade an asset long enough, and it begins to show a pattern memory. Right now, that memory is speaking. And it’s pointing to a Bitcoin price bottom below $40,000. Pattern Memory And Bitcoin’s Retracement History A chart shared by market commentator Lisa N Edwards outlined how Bitcoin’s retracement behavior…

Bitcoin price rally hints at bull flag as Trump’s 15% tariff looms and ceasefire odds fade

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Bitcoin price jumped to its highest level in over a month as investors reacted to news that Iran had reached out to the United States for talks on ending the war. Summary Bitcoin price jumped to $72,000 for the first time in a month. The rally happened amid reports that Iran had reached out to the United States. Still, recent rebounds have turned out to be dead-cat bounces. Bitcoin (BTC) jumped to $72,000, its highest level since February 4, and 20% above the lowest level this year. However, there is…

Bitcoin Is a Real-Time Sentiment Gauge for Weekend Warmongering

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Crypto markets became the first outlet for investor reaction after US and Israeli strikes on Iran rattled global sentiment over the weekend. At around 7:30 am (UTC) on Saturday, or in the wee hours of Wall Street, US President Donald Trump posted a video to announce that the US and Israel had launched attacks against Iran. Bitcoin (BTC) immediately reacted and dropped to around $63,000. Meanwhile, traders rushed to crypto-native platforms to trade commodities futures while traditional markets remained closed. Bitcoin’s rollercoaster weekend foreshadowed major indexes opening lower on Monday.…

Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins

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A controversial hard fork of Bitcoin may be needed to resolve an impossible choice between freezing the BTC in addresses owned by Satoshi Nakamoto and the early miners, or seeing them stolen and dumped in a potential quantum attack. That’s according to Bitcoin Core developer and Blockstream co-founder Matt Corallo, who said recently the outcome of such a fork is pre-ordained. The Sophie’s Choice style dilemma is caused by the fact that around 1.72 million coins in these early pay-to-public-key (P2PK) mining addresses are quantum vulnerable and have been dormant…

XRP Price Gears Up For A Major 680% Move Against Bitcoin To Reach $10

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Crypto analyst Javon Marks has predicted that the XRP price could rally 680% against Bitcoin, reaching $10 in the process. The analyst also indicated that the altcoin could rally higher, reaching the $15 target.  XRP Price Eyes 680% Rally Against Bitcoin In an X post, Javon Marks stated that the XRP price against Bitcoin looks to be setting up for an over 680% run, which could spark a larger rally for the altcoin. He noted that this could lead to a move to the $10 price point for XRP. The…

3 Signs That $80K Is the Next Logical Target for Bitcoin Bulls

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Bitcoin (BTC) bulls are eyeing a move back toward $80,000 in March, with at least three indicators flashing increasing upside momentum. Key takeaways: Bitcoin jumped by over 5% toward $72,000 on Wednesday. Multiple indicators, including a symmetrical triangle, hint at an extended price rally toward $80,000. Bitcoin invalidates bearish chart pattern On Wednesday, BTC’s price showed signs of invalidating what initially appeared to be a bear pennant. The BTC/USD pair pierced the pennant’s upper trend line after jumping 5.21% to around $71,900. Its breakout came alongside a rise in trading…

Long-Term Bitcoin Holders Buy $14B In BTC As Retail Headed For The Exit

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…