Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst

Bitcoin dominance sits at 60% and has been testing a vital long-run support line. According to market veteran Michaël van de Poppe, that support — the 20-month MA, near 59% — is the signal traders should watch. He warned that a confirmed break under that level could flip the market’s favor toward altcoins. Short moves can happen. Big shifts follow. Bitcoin Dominance At A Crossroads Based on reports and chart reads, The 20-month MA has been touched several times recently. In September, Bitcoin dominance briefly slipped below 59% before bouncing…

Legacy Wallets Drive Bitcoin’s November Pullback

Bitcoin kicked off November with a drop below $108,000 as long-term holders moved large sums to exchanges, signaling profit-taking. Despite the selling pressure, BTC’s resilience above the $100,000 level underscores ongoing institutional support and market stability. Bitcoin Holds Above $100,000 Despite OG Profit-Taking Bitcoin started November under pressure, slipping from $110,000 during Asian trading hours. […] Original

Bitcoin’s Fall Below $104K Sparks Extreme Fear

Bitcoin’s pullback on Monday sent a quick chill through crypto markets, pulling sentiment down to levels not seen in months. Prices dipped to a 24-hour low of $103,938 after earlier trading above $109,000, and gauges of market mood turned sharply negative as investors reassessed risk. Related Reading Crypto Fear Hits Extreme Readings According to the Crypto Fear & Greed Index, the score fell to 21 out of 100 on Tuesday, a move that registers as “Extreme Fear.” That mark is the lowest in nearly seven months; the index previously hit…

Crypto Sentiment Plunges With Bitcoin’s Fall Below $106K

Crypto market sentiment took a major fall on Tuesday after Bitcoin briefly fell below $106,000 for the first time in over three weeks. The Crypto Fear & Greed Index on Tuesday dropped by half from the day before to a score of 21 out of 100, indicating “Extreme Fear” in the crypto market. Bitcoin (BTC) fell to a 24-hour low of $105,540 on Monday, sliding from an intraday peak of over $109,000. It’s currently down 2% on the day, recovering above $106,500, per CoinGecko. The crypto sentiment tracking index’s score…

Will Bitcoin’s Latest Sunday Pump be Different This Time?

Key points: Bitcoin reaches $111,000 for the first time in November, but traders anticipate the weekend’s upside unraveling. Coinbase sell pressure comes as a Bitcoin whale resumes distributing BTC. Bulls are still unable to reclaim lost support at $111,200 and above. Bitcoin (BTC) saw a late bid into Sunday’s weekly close as key reclaim levels stayed out of reach. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin traders distrust “Sunday pump” Data from Cointelegraph Markets Pro and TradingView tracked the BTC price action as it reached local highs of $111,129 on Bitstamp.…

Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data

CryptoX – Cryptocurrency Analysis and News Portal Lark Davis called November bitcoin’s strongest month with a 42.5% average gain; the median is far lower and a single outlier year does much of the lifting. Source The post Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data appeared first on CryptoX. CryptoX Portal

16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions

A cluster of long-idle Bitcoin moved back into circulation Wednesday, raising fresh questions about selling pressure as prices slide from recent highs. Related Reading Sleeping Coins Stir After Years According to CryptoQuant analyst JA Maartun, exactly 15,965 BTC that had been idle for about three years were shifted earlier in the day. The coins moved while Bitcoin traded below $110,000, and at roughly $108,000 a coin the batch is worth about $1.724 billion. CryptoQuant’s on-chain records show these addresses had little to no activity since late 2022 and early 2023,…

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish signs are starting to emerge. Notably, stablecoin reserves on leading crypto exchanges like Binance are entering all-time high (ATH) territory, hinting at a potential rally for BTC. Stablecoin Reserves Rise – Will Bitcoin Benefit? According to a CryptoQuant Quicktake post by contributor PelinayPA, Binance stablecoin reserves are approaching ATH levels, indicating that investors are ready to deploy funds to accumulate BTC at current or lower levels. Related Reading The CryptoQuant…