Bitcoin has seen a 9% retracement from its all-time high of $99,800, but its long-term bullish structure remains intact. This correction, though notable, hasn’t dampened investor optimism, as many are prepared to buy the dip and drive BTC past the elusive $100,000 mark. According to key metrics shared by Axel Adler, a prominent CryptoQuant analyst, […]
Bitcoin has experienced a 7% pullback from its all-time high at $99,800 after failing to break above the psychological $100,000 mark. This retracement, while causing some concern among investors, is seen as a necessary consolidation phase for the cryptocurrency to build strength before continuing its ascent. Related Reading: Bitcoin ETF Demand Is Back – What’s […]
Bitcoin has been on a remarkable upward trajectory, pushing above the $96,000 mark for several days after consolidating below the psychological $100,000 level. As the leading cryptocurrency, Bitcoin has consistently broken all-time highs over the past three weeks, with yesterday marking a milestone weekly close at $98,000—the highest in its history. Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? CryptoQuant analyst Axel Adler shared an insightful analysis on X, emphasizing that Bitcoin’s recent attempt to dip below $95,000 met with significant resistance, reinforcing the strength of current support levels. According to Adler, the market is now poised for a critical test of the $100,000 mark, a barrier that could catalyze further bullish momentum or signal a short-term consolidation phase. With Bitcoin’s bullish trajectory showing no signs of slowing, traders and investors are closely watching for a breakout above $100,000. Such a move could ignite broader market optimism and drive renewed interest in altcoins, potentially shaping the next phase of the crypto market’s growth. However, failure to break above this key level might trigger a healthy correction, setting the stage for a more sustainable rally. Bitcoin Price Action Remains Strong Bitcoin’s price action has remained exceptionally bullish despite a recent retrace from $99,800 to $95,800—a minor dip of less than 4%. Investors widely see this pullback as a brief consolidation phase before a potential breakout above the pivotal $100,000 mark. The resilience demonstrated during this retrace has bolstered confidence among market participants, with many viewing it as a healthy pause in an ongoing uptrend. Renowned CryptoQuant analyst Axel Adler weighed in on the recent market movements via X, sharing a technical analysis that reinforces Bitcoin’s robust bullish structure. Adler highlighted that pushing BTC to lower demand levels was unsuccessful, further solidifying current support zones. According to his insights, the stage is now set for Bitcoin to finally test the critical $100,000 area and gauge the market’s reaction at this psychological threshold. As BTC approaches this milestone, investor sentiment appears divided. Many traders view the $100,000 level as an ideal price to begin taking profits, citing historical patterns of pullbacks after significant round-number milestones. Related Reading: Avalanche Soars 20% In 24 Hours – Analyst Reveals Next Price Target However, others remain optimistic about Bitcoin’s continued strength, forecasting a potential surge beyond $100,000. Predictions for the rally’s peak range between $105,000 and $120,000, reflecting a broader belief in the cryptocurrency’s long-term potential. Whether Bitcoin consolidates or continues climbing, all eyes remain on its next moves. Bullish Weekly Close Could Send BTC Higher Bitcoin has achieved its highest weekly close in history, recording an impressive $98,000. This milestone is a technical achievement and a critical psychological boost for market participants. It signals a strong bullish environment that could soon propel Bitcoin above the coveted $100,000 mark. The $98,000 level now serves as a robust support zone, and maintaining this price—or at least staying above $95,000—in the coming days will be pivotal. A breakout above these levels could propel Bitcoin towards $100,000 with significant momentum. Such a move would solidify Bitcoin’s uptrend and attract further interest from retail and institutional investors. Related Reading: Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour However, continued consolidation below $100,000 remains a possibility. Bitcoin may take several weeks of sideways movement to gather the strength needed for the next leg up. While potentially frustrating for short-term traders, this consolidation phase would provide a healthy foundation for sustainable growth. Featured image from Dall-E, chart from TradingView
Bitcoin has surged past the $99,800 mark, setting a new all-time high as it inches closer to the psychological $100,000 barrier. While the milestone signals remarkable strength, the price has yet to claim this key level, leaving investors in suspense. Market demand remains robust, fueling optimism that Bitcoin will soon break above the $100,000 threshold. Related Reading: Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour Key data from CryptoQuant reveals that Bitcoin’s Realized Profit has reached an all-time high of $443 million in daily gains. This highlights significant buying pressure in the market as traders and long-term holders lock in unprecedented profits. However, this record-breaking profit-taking is also sparking concerns among some investors. They fear the rally could stall, interpreting the surge in realized profits as a potential signal of a local top scenario. Despite these mixed signals, the overall market sentiment leans bullish. Bitcoin continues to hold above crucial support levels, suggesting that demand remains strong enough to drive the next leg up. With the cryptocurrency just shy of a monumental breakthrough, the coming hours and days will be critical in determining whether Bitcoin’s momentum can sustain a decisive move beyond $100,000 or if a temporary consolidation is on the horizon. Bitcoin Rally Could Continue Above $100K Bitcoin’s rally from $66,800 to $99,800 has marked a unique and unexpected bullish phase in 2024. As prices approach the elusive $100,000 milestone, many investors who doubted Bitcoin’s potential to hit this level this year are now revising their expectations. The surge has been driven by strong demand and market confidence, making a breakout above $100,000 seem inevitable. Should this occur, analysts widely anticipate a bullish continuation for Bitcoin, further solidifying its dominance in the crypto space. Related Reading: Avalanche Soars 20% In 24 Hours – Analyst Reveals Next Price Target However, market dynamics suggest the journey to $100,000 may not be without hurdles. Corrections during this phase are not only possible but could also be beneficial for market health. A pullback would provide an opportunity for consolidation, potentially giving altcoins the space to recover and initiate their own rallies. Critical insights from CryptoQuant analyst Maartunn shed light on the aggressive nature of this rally. Data shows Bitcoin’s Realized Profit recently hit an all-time high of $443 million daily, reflecting significant profit-taking activity. While this confirms robust buying pressure, it also raises concerns among cautious investors who interpret the spike in profits as a potential sign of a local top. Despite these concerns, there’s room for growth in Bitcoin’s trajectory. Maintaining support above $95,000 would sustain bullish momentum, but a healthy correction from current levels might also provide the fuel needed for a stronger push beyond $100,000 in the near future. BTC Testing Crucial Supply Bitcoin is currently holding strong above the $97,000 mark, maintaining bullish momentum as it eyes a push above the $100,000 milestone. This level represents a significant psychological and technical barrier, and market sentiment remains optimistic about Bitcoin’s potential to break it. With demand staying robust, many investors are preparing for an explosive surge that could define Bitcoin’s trajectory in the coming weeks. However, there are growing concerns about the possibility of Bitcoin setting a local top. If this scenario materializes, the price could enter a consolidation phase, potentially lasting several weeks as the market digests recent gains. Analysts suggest that holding above the $98,000 level in the next few days would keep bullish momentum intact and pave the way for a breakout above $100,000. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks On the other hand, if Bitcoin fails to hold the $97,000 mark, it could signal the start of a healthy correction. In this case, the price may retrace to the $92,000 level, a key demand zone that would likely act as strong support. A pullback to this level would allow Bitcoin to regroup and build the foundation for another push higher, reinforcing its long-term bullish trend. Featured image from Dall-E, chart from TradingView
Bitcoin has experienced a record-breaking bullish breakout, shattering all-time highs almost daily over the past three weeks. After an impressive rally, the price is less than 2% away from the $100,000 mark—a critical psychological level that could become a turning point for the entire crypto market. Investors and analysts alike are closely watching this milestone, […]
Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone. Despite briefly testing the level, BTC has yet to break through, leaving investors and analysts eagerly anticipating the next move. With demand remaining robust, the stage appears set for Bitcoin to push past this key barrier in the coming days. Related Reading: Massive Ethereum Buying Spree – Taker Buy Volume Hits $1.683B In One Hour Recent data from CryptoQuant highlights a significant factor driving this rally: the Coinbase Premium Gap, which currently sits at $224. This metric, representing the price difference between Bitcoin on Coinbase and other global exchanges, signals strong buying activity from US Coinbase investors. The relentless upward momentum has further solidified Bitcoin’s dominance in the crypto market, with many viewing the $100,000 level as a critical supply zone. While the price has yet to break through, the ongoing rally reflects a growing belief that Bitcoin’s parabolic bull phase is far from over. As the market approaches this pivotal moment, all eyes remain on BTC’s ability to sustain its momentum and claim new highs, setting the tone for the weeks ahead. Bitcoin Price Action Remains Strong Bitcoin has been in an “only up” phase since November 5, showing no signs of weakness as it consistently climbs to new heights. Even after failing to break above the $100,000 mark yesterday, price action remains incredibly strong. Bulls are firmly in control, and if Bitcoin holds above critical demand levels, the long-anticipated $100,000 milestone could be breached within hours. CryptoQuant analyst Maartunn revealed that robust demand from US investors is a key driving force behind this rally. According to his data, the Coinbase Premium Gap—a metric that tracks the price difference between Bitcoin on Coinbase and other global exchanges—stands at $224. This positive premium underscores US-based buying activity as a significant factor in the current bullish momentum. A high premium often suggests that investors on Coinbase are willing to pay a higher price than others, a strong indicator of heightened demand. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks As the market watches closely, Bitcoin’s ability to maintain its upward trajectory hinges on staying above vital support levels. The psychological resistance at $100,000 remains formidable, but the unyielding appetite from US investors points to continued strength in the days ahead. With such solid fundamentals, many analysts believe Bitcoin is poised for another explosive rally once the $100,000 barrier is decisively cleared. BTC Rally Is Only Starting Bitcoin is trading at $98,800 after a failed breakout above the highly anticipated $100,000 mark. Despite this temporary setback, price action remains firmly bullish as BTC continues to hold above key demand levels, showing resilience and strength in the current market. The failure to retrace to lower prices indicates that bullish momentum is still intact, keeping investors optimistic about a potential breakthrough. If BTC maintains its position above the critical $95,000 support level, the likelihood of a surge past the $100,000 psychological barrier increases significantly. Holding above this level would signal strong buyer interest and the potential for further upside, paving the way for Bitcoin to resume its upward trajectory in the near term. Related Reading: Ethereum Consolidation Continues – Charts Signal Potential Breakout However, if Bitcoin fails to hold above $95,000, a retrace to lower demand zones would confirm a short-term correction. Such a pullback could provide the necessary fuel for the next rally, as it would allow the market to consolidate before making another attempt at breaking the $100,000 mark. For now, all eyes remain on Bitcoin’s ability to defend its key support levels as the market anticipates the next major move in this historic rally. Featured image from Dall-E, chart from TradingView
Bitcoin has broken all-time highs for the fourth consecutive day, surging to an impressive $99,500. This historic price action follows a wave of bullish momentum that began after President-elect Donald Trump’s victory in the US elections on November 5, further energizing both investors and analysts. Related Reading: Ethereum Holders Endure Unrealized Losses – Is ETH […]
Bitcoin has reached new all-time highs for four consecutive days, hitting $99,500 just hours ago. The relentless surge has fueled extreme bullish sentiment in the market, with investors eagerly anticipating Bitcoin’s historic breakthrough of the $100,000 mark. However, on-chain data suggests that the rally may face challenges as signs of profit-taking emerge. Related Reading: Ethereum Consolidation Continues – Charts Signal Potential Breakout Key insights from CryptoQuant reveal that Long-Term Holders (LTHs) are actively spending their Bitcoin, capitalizing on profits exceeding 350%. This behavior indicates that some seasoned investors are beginning to lock in gains after the aggressive uptrend. Whale activity and profit-taking by LTHs could temporarily slow the rally, potentially triggering a consolidation phase before the next leg up. While Bitcoin remains shy of the six-figure milestone, the market closely examines whether it can sustain its momentum or if a pullback is imminent. Consolidation at these levels could provide the foundation for BTC to reclaim its bullish trend and break through the psychological $100,000 barrier. Bitcoin Rally Seems Unstoppable Bitcoin has surged an impressive 45% since November 5, displaying relentless upward momentum that appears unstoppable. Despite increasing selling activity, demand continues to support the price, driving Bitcoin to new highs and maintaining its bullish trajectory. Market participants are now closely watching for potential signals of a slowdown or correction as BTC pushes deeper into uncharted territory. CryptoQuant analyst Axel Adler recently shared X data highlighting a significant trend among Long-Term Holders (LTHs). According to Adler, LTHs are actively spending their Bitcoin, capitalizing on profits exceeding 350%. This marks a critical juncture, as these holders are often regarded as market stabilizers, and their selling activity could indicate potential shifts in sentiment. Adler further notes that if Bitcoin’s price surpasses $119,000, LTH profits would soar to over 500%. Such extraordinary profit levels could trigger a wave of selling pressure, potentially leading to the first major correction after this unprecedented rally. However, he emphasizes that predicting an exact price point for a correction remains speculative, as no definitive threshold exists to determine when LTHs might overwhelmingly exit their positions. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks While the rally shows no signs of slowing down, this dynamic between demand and LTH profit-taking underscores the importance of monitoring market behavior. Traders should remain cautious as Bitcoin’s rapid ascent unfolds. BTC About To Reach $100K Bitcoin trades at $98,600, less than 2% from the highly anticipated $100,000 mark. This psychological level is expected to be a significant supply zone, with many investors closely watching price movements around this milestone. Recent “only up” price action has left little room for traders to buy at lower levels, frustrating those who hoped to accumulate during dips. If Bitcoin holds above the crucial $93,500 support level in the coming days, market sentiment suggests a powerful surge above $100,000 could follow. Breaking this barrier would likely usher in further bullish momentum, pushing Bitcoin into uncharted territory and fueling optimism for additional gains. However, failure to maintain support at $93,500 could trigger selling pressure, leading to a price pullback. In such a scenario, Bitcoin might test lower demand zones, with $85,000 and $80,000 identified as key levels to watch. These zones could provide new accumulation opportunities for investors looking to capitalize on price corrections. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed As Bitcoin approaches this historic level, the next few days will determine whether the market sustains its bullish trend or enters a consolidation phase. Traders and investors should remain vigilant as BTC navigates this critical juncture. Featured image from Dall-E, chart from TradingView
Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level. Some market watchers believe ETH is about to move toward Q1 highs and kickstart the altseason. Related Reading: Crypto Community’s Revenge: Solana Memecoin Rug-Pulled By Gen Z Trader Hits $80 Million Market Cap Ethereum Retests Key Support Level Ethereum has been heavily criticized for its performance against Bitcoin (BTC), with investors worrying that ETH might not run to new highs this cycle. ETH’s price action has moved sideways while the flagship crypto continues its price discovery mode. On Thursday morning, BTC neared the $100,000 mark after hitting its latest all-time high (ATH) above $98,000, while ETH continued hovering in the mid-zone of its $3,000-$3,200 one-week price range. However, Ethereum has seen a remarkable 5% pump to trade above the $3,200 mark for the past hour. The second-largest crypto rose above $3,200 a week ago for the first time in over three months, hitting the $3,400 mark before retracing 5%. Over the past week, ETH attempted to reclaim the $3,200 resistance as support but failed twice to achieve it. Today, the cryptocurrency’s jump has propelled its price past the key resistance toward the mid-range of the $3,300 zone, reigniting a bullish sentiment toward Ethereum. Analyst Crypto Yapper asserted that the $3,200 is “the next big breakout” for Ethereum, as it has been a major rejection point for the last week. The analyst highlighted that after ETH’s consolidation, the next move was a retest of this level, which could see the crypto breakout toward the $3,500 mark if successfully reclaimed. However, failing to turn this resistance into support could likely see ETH’s price lose the $3,000-$3,100 support and move toward the $2,600 level, a major resistance before this month’s breakout, before attempting to reach $3,500. ETH’s Breakout To Kickstart The Altseason Crypto analyst Rekt Capital noted that ETH is breaking out of a short-term bull flag today. Per the post, the King of altcoins broke out of a three-week bull flag formation after surpassing $3,200. A confirmation of the breakout “would see ETH revisit the $3,700 above,” forecasted the analyst. Similarly, crypto analyst Zayk pointed out that the cryptocurrency displayed a two-week bullish pennant formation in the 4H timeframe. A successful breakout from the bullish pattern above the $3,200 mark could target a 15% rally to $3,700. Related Reading: Aptos Following SUI’s Lead? Analyst Says APT’s ‘Explosive Breakout’ Targets $20 Crypto trader Daan stated that investors should wait to see if Ethereum’s current momentum sustains. However, he considers that the next impulse for ETH/BTC is “likely to have some legs and go for some proper relief.” This run could see the ETH/BTC trading pair move back toward the 0.04 mark, which it traded at two weeks ago. This move would display a 20% surge from the current levels, which “should absolutely send the overall altcoin market and bring BTC Dominance down a decent amount.” As of this writing, the ETH’s price holds above $3,350, trading 2% below last week’s high. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin has reached a new all-time high, tagging $97,900 just hours ago, as the market sentiment remains extremely bullish. This explosive rally has investors questioning how long this uptrend can be sustained and what lies ahead for the market leader. Bitcoin’s recent performance has drawn comparisons to its historic 2020 bull run, sparking excitement among […]
Bitcoin has shattered records again, reaching a new all-time high of $97,903 just hours ago. The cryptocurrency market is exciting as Bitcoin leads the charge, delivering explosive gains that have fueled widespread bullish sentiment. Investors and traders alike speculate this rally is far from over, with Bitcoin edging closer to the monumental $100,000 mark. Related Reading: Ethereum Consolidation Continues – Charts Signal Potential Breakout Key data from Coinglass reveals another significant milestone: Bitcoin’s Open Interest has reached an all-time high. This surge in Open Interest indicates a flood of capital entering the market, signaling heightened activity and confidence among traders. Such metrics further confirm the euphoric state of the market, where optimism reigns supreme and momentum continues to build. With Bitcoin’s price rallying at an unprecedented pace and market indicators hitting record levels, the stage is set for what many believe to be an almost inevitable breakout above the psychological $100,000 level. The market’s focus is whether BTC can sustain its trajectory or if a temporary pullback will precede the next leg up. Either way, the spotlight remains firmly on Bitcoin as it cements its status as the leading force in this explosive bull run. Bitcoin Greed Enters The Market Greed has gripped the Bitcoin market, with the average Fear and Greed Index hitting 76%, signaling heightened optimism among investors. This elevated level of greed suggests that market participants are buying aggressively, anticipating that Bitcoin’s price will continue its upward trajectory without significant setbacks. Such sentiment often leads to increased speculative behavior as traders look to capitalize on the ongoing rally. Critical data from Coinglass supports this narrative, revealing that Bitcoin Open Interest—representing the total value of outstanding derivative contracts—has reached an all-time high of $62.69 billion. This unprecedented figure highlights the speculative nature of the current market, as traders use leveraged instruments like futures to amplify their potential gains. While this fuels bullish momentum, it also adds volatility, making the market susceptible to sharp moves in either direction. Interestingly, Bitcoin’s optimistic environment starkly contrasts the broader crypto market, where altcoins continue to struggle to reclaim yearly highs. While BTC leads the charge with record-breaking performance, altcoins have yet to catch up, underscoring Bitcoin’s dominance during this market cycle phase. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed As speculative activity and investor optimism drive Bitcoin’s price action, the market waits to see if the rally has more fuel or if a correction looms. For now, Bitcoin remains the focal point of this euphoric bull run. BTC Enters Price Discovery Again Bitcoin is trading at $97,500 after setting a fresh all-time high, continuing its explosive rally. The market leader has entered price discovery—a phase often characterized by parabolic trends like the one currently driving BTC higher. Investor anticipation is growing, with the $100,000 mark only 2.5% away. This psychological milestone could act as significant resistance, potentially holding Bitcoin down for an extended period. A consolidation phase around this level would benefit the broader market, allowing altcoins to catch up and the rally to maintain stability. However, price discovery can be unpredictable. If Bitcoin fails to reach the $100,000 mark in the coming days, the market could see a pullback as bullish momentum cools. A retrace to lower demand zones, such as the $88,500 level, would provide the market with a necessary reset before the next leg upward. Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst Reveals Target Despite the possibility of a short-term correction, Bitcoin’s price action remains strong. Its dominance over the crypto market and the current euphoric sentiment suggest bulls are still firmly in control. As traders and investors closely monitor price movements, Bitcoin’s ability to push through key psychological levels will determine the next phase of this historic rally. Featured image from Dall-E, chart from TradingView
Data shows the hype around Bitcoin has stayed low on social media recently despite the asset’s latest record. Here’s what this could mean for BTC. Bitcoin Sentiment On Social Media Is Still Just Mildly Positive In a new post on X, the analytics firm Santiment has discussed about the recent trend in the Positive Sentiment […]
Bitcoin (BTC) has held steady above the $88,000 mark over the past few days, showcasing resilience as the broader market anticipates its next move. Price action remains robust, leaving investors waiting for lower prices frustrated, as BTC shows no signs of providing an easy entry point anytime soon. Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst Reveals Target Key data from CryptoQuant reveals that long-term holders (LTHs) are currently in an active distribution phase, signaling increased selling activity from this group. Despite this, the market has absorbed the additional supply without significant price impact, highlighting the strong demand supporting BTC at these levels. As Bitcoin consolidates just below its all-time highs, traders and analysts are closely watching whether the current momentum will lead to a breakout or if a retracement is on the horizon. The balance between rising demand and LTH distribution will likely determine BTC’s near-term trajectory. Can Bitcoin Set New ATH This Week? Bitcoin is on the brink of breaking its all-time high (ATH) again this week, sitting just 2% below the $93,483 level set last Wednesday. Excitement is building as analysts and investors closely watch BTC’s price action, anticipating whether it will surge past this critical level or enter a prolonged consolidation phase. While the bullish momentum remains strong, the possibility of a sideways movement could keep the price range-bound for an extended period before the next significant move. Data from CryptoQuant analyst Axel Adler highlights that long-term holders (LTHs) are currently in an active distribution phase. Despite this, the increased supply has not significantly impacted Bitcoin’s price, thanks to strong demand that continues to absorb selling pressure. This dynamic reflects the robust market interest that is supporting BTC near its record highs. Adler’s analysis also points to the LTH Spending Binary Indicator, which signals peak spending activity among LTHs. At the same time, the growing LTH supply suggests that a portion of long-term holders remain confident in BTC’s future price potential. These factors create a unique environment where high demand offsets distribution, keeping the bullish momentum intact. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation As Bitcoin flirts with its ATH, market participants await confirmation of whether the price will push into uncharted territory or pause for consolidation. The outcome will likely set the tone for BTC’s trajectory in the coming weeks, with investors betting on the continued upside in this resilient rally. BTC Price Action: Key Levels To Hold Bitcoin is trading at $91,820, following several days of sideways consolidation just below its all-time high (ATH). Despite the pause, BTC has maintained its position above the $87,000 support level since the last breakout, signaling its importance as a crucial line for bulls to defend. Holding this level is vital for sustaining upward momentum and setting the stage for Bitcoin to push into uncharted territory. However, a drop below $87,000 could shift market sentiment, likely triggering a correction as BTC searches for fresh demand. The next logical support zone lies around the $80,000 mark, with the potential for a deeper pullback if selling pressure intensifies. Such a retrace would provide an opportunity for sidelined buyers but could temporarily stall BTC’s rally. Bitcoin’s price action remains robust, bolstered by demand that continues to outpace supply. This strong market interest has mitigated the impact of profit-taking and selling activity, keeping the broader uptrend intact. Related Reading: Solana Breaks Above Key Resistance At $225 – ATH Next? As BTC consolidates near its ATH, traders closely watch key levels to determine whether the next move will be a breakout to new highs or a dip to test lower support zones. Either outcome will likely shape Bitcoin’s trajectory in the coming weeks. Featured image from Dall-E, chart from TradingView
Bitcoin (BTC) started the week by breaking out of a bullish pattern after moving sideways for most of the weekend. The flagship cryptocurrency just started its “parabolic phase,” sitting 3.4% below its all-time high (ATH), which could bring “massive moves” for BTC this week. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike Bitcoin ‘Parabolic Phase’ Just Started Bitcoin has seen a massive surge in the last two weeks, jumping 32% to the $89,000-$90,000 price range. BTC’s remarkable performance saw it soar 11% last Monday, preparing the ground for its eventual surge toward its latest ATH of $93,400 two days later. Since then, Bitcoin’s price has hovered between the $89,000-$92,000 range, briefly falling to $87,000 last Friday. Over the weekend, the flagship crypto continued to move within this rage, registering its largest weekly close in Bitcoin history. Crypto analyst Rekt Capital pointed out that BTC is barely starting its “parabolic phase,” noting that week three of the cycle’s “first price discovery uptrend” started today. The analyst explained that, historically, BTC has seen around 300 days of parabolic run each cycle, with the first major pullback coming over a month after entering price discovery mode. Per the post, it took six weeks before the flagship crypto’s first major pullback in 2013. In 2017, BTC rallied for eight weeks before registering a deeper pullback. Meanwhile, it soared for four weeks before experiencing a major retrace in the 2020-2021 cycle. Based on this, the analyst considers that “history suggests there’s more upside to come and that the first Price Discovery Correction is still weeks away.” Is A Move Massive Move Coming This Week? Ali Martinez noted that Bitcoin seems to be repeating 2020’s pattern. In 2020, after breaking its previous ATH of $19,700, BTC rose 26% and consolidated for a week. Following its consolidation, BTC jumped 66% toward $40,000 in the next two weeks. Martinez pointed out that Bitcoin has risen 28% since surpassing its March ATH and has been consolidating for nearly a week. This suggests that the cryptocurrency’s price could be getting ready for a substantial surge in the following days, potentially hitting the $100,000 mark this week. Crypto Yapper, another market watcher, stated that Bitcoin will likely make a “massive move” soon. The analyst highlighted the flagship crypto’s consolidation, noting the significant price action around the $89,000-$90,000 mark. Related Reading: Bitcoin Bulls Aren’t Backing Down: Rally Continues? This horizontal level acted as a key resistance zone earlier last week but has been confirmed as support throughout the past five days. As Bitcoin retested the $91,000 earlier today, the analyst also pointed out its price could continue the bullish trajectory and aim for a new ATH around $95,000. Additionally, BTC started the week breaking out of a one-week symmetrical triangle pattern. To Crypto Yapper, this is a “typical continuation pattern” for the cryptocurrency, which suggests that Bitcoin is set to continue its climb if the breakout is confirmed throughout the day. The analyst stated that BTC’s continuation of its uptrend could hit $100,000 by Sunday. As of this writing, Bitcoin is trading at $90,260, a 10% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin has entered a brief consolidation phase after reaching new all-time highs last week, following an aggressive price surge that captured the market’s attention. The rally came on the heels of two significant events: former president Donald Trump’s victory in the U.S. election and the Federal Reserve’s decision to cut interest rates. These developments fueled […]
Bitcoin spent the weekend trading within a relatively narrow range of $91,700 to $88,700, demonstrating robust price action. Despite the lack of significant price movement, the consistent ability to hold within this range underscores Bitcoin’s current strength and growing market confidence. Key data from CryptoQuant adds further optimism, revealing a notable reduction in selling pressure. The data indicates fewer sellers in the market, aligning with the broader bullish sentiment that has fueled Bitcoin’s recent momentum. With the supply side constrained, demand could propel BTC higher, reinforcing the strong price action seen over the weekend. Related Reading: Solana Breaks Above Key Resistance At $225 – ATH Next? This optimistic backdrop has sparked predictions of aggressive surges in the coming months as Bitcoin remains well-positioned to capitalize on favorable market dynamics. Analysts suggest that with selling pressure limited and demand continuing to grow, Bitcoin could be gearing up for its next significant breakout. Investors are watching closely to see if this strength will lead to a new phase of upward momentum, potentially pushing BTC into uncharted territory as the market anticipates the next major move in this bullish cycle. Bitcoin Flow To Exchanges Supports Bulls Bitcoin has had an exhilarating few weeks, surging 39% in just nine days and marking one of its most aggressive upward moves this cycle. The recent rally has left analysts and investors both excited and cautious as Bitcoin continues to show resilience above key levels. While many expect BTC to maintain its bullish trajectory, opportunities to buy at lower prices are becoming increasingly scarce. Data from CryptoQuant analyst Axel Adler adds valuable insight into the current market dynamics. Adler notes that the average flow of Bitcoin to exchanges over the past 30 days has not surpassed the average volume over the last 365 days. This indicates a lack of significant selling pressure, suggesting that current holders are more inclined to retain their Bitcoin than sell into the rally. With fewer sellers in the market, Bitcoin’s price has the potential to climb further as demand increases. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation However, analysts agree that consolidation around the current price range would be a healthy step before the next leg up. Consolidation could allow the market to stabilize, attract fresh demand, and establish stronger support levels for the next growth phase. BTC Less Than 2% Away From ATH Bitcoin is trading at $91,700, just under 2% away from its all-time high (ATH) of $93,483. This proximity to record-breaking levels has fueled optimism among investors, with the price appearing poised to push above the ATH again this week. Bitcoin’s price action remains robust, supported by increasing demand and bullish sentiment in the market. The sustained strength of BTC’s price has been attributed to its ability to maintain key levels during periods of consolidation. This resilience indicates buyers continue to dominate, reinforcing the possibility of another breakout above the $93,483 mark. Analysts expect breaching this level would likely spark another wave of aggressive buying, potentially driving Bitcoin further into uncharted territory. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target However, caution remains warranted. A breakdown below $87,000 would signal a retrace for Bitcoin, potentially initiating a short-term correction in the coming days. Such a move could provide a healthier foundation for the next growth phase, allowing BTC to consolidate and attract fresh demand. Featured image from Dall-E, chart from TradingView
Bitcoin has maintained its bullish momentum over the weekend, solidifying its position above the $90,000 mark. This milestone showcases Bitcoin’s resilience as it continues to captivate investors with its upward trajectory. The market has been buzzing with optimism as Bitcoin inches closer to new highs. However, recent on-chain data suggests that a potential pullback could be on the horizon. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation Key data from CryptoQuant reveals that Bitcoin miners have sold over 3,000 BTC in the past 48 hours. This wave of miner profit-taking often signals a cooling phase, as it introduces additional supply into the market. While the selling activity is not uncommon during periods of strong price action, it could lead to a short-term consolidation phase below the all-time high of $93,400 set earlier this week. Despite this, Bitcoin’s ability to hold above $90,000 highlights strong underlying demand and robust market sentiment. Investors and analysts are closely watching the coming days to see if Bitcoin can absorb this selling pressure and maintain its bullish trajectory. Bitcoin Looks Very Strong Bitcoin’s price action has remained robust, breaking all-time highs multiple times over the past 11 days and reaffirming its bullish momentum. However, after such an aggressive upward movement, the market appears to be entering a period of consolidation as some investors and entities lock in profits. Crypto analyst Ali Martinez shared key data on X that highlights that Bitcoin miners have sold over 3,000 BTC in the past 48 hours, valued at approximately $273 million. This selling activity suggests that miners, typically long-term holders, are taking profits amid the recent surge. Such moves are common during strong bull runs and can indicate that market participants anticipate a short-term price plateau or retrace. While miner selling is a natural part of market dynamics, sustained activity of this kind could signal a shift in sentiment. If selling pressure persists, it might push Bitcoin toward lower demand zones, providing potential re-entry opportunities for sidelined investors. Related Reading: Solana About To Target $250 If It Breaks Key Supply Level – Analyst Currently, Bitcoin’s ability to absorb this selling pressure will determine whether the current bullish trend remains intact. A brief consolidation phase may be beneficial, allowing the market to establish a stronger foundation for the next leg up. For now, investors are closely watching key levels to gauge the potential for continued growth or a deeper correction. BTC Holds Steady Above $90,000 Bitcoin is currently trading at $90,600 after a volatile few days that saw its price range between its all-time high of $93,483 and a local low of $86,600. This consolidation comes after aggressive bullish momentum that set new records, leaving investors and analysts watching the next moves closely. Despite the recent cooling off, Bitcoin’s price action remains strong, supported by increasing demand and overall bullish sentiment. If Bitcoin can hold above the $86,000 level over the next few days, a renewed surge to challenge and potentially surpass its all-time high seems plausible. The market has shown resilience, with fresh demand continuing to emerge even as minor profit-taking occurs. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target However, there is a risk of a deeper retracement. Should Bitcoin lose support at $86,000, it would likely test lower demand levels, searching for a strong base to fuel its next upward move. Key support zones could provide the foundation for renewed buying interest and set the stage for the next bullish phase. Featured image from Dall-E, chart from TradingView
Bitcoin has entered price discovery after repeatedly breaking all-time highs over the past week. The price surged an impressive 38% in under ten days, highlighting the overwhelming bullish momentum that has captivated the market. BTC is consolidating below the $93,400 mark as traders and investors anticipate its next move. Key data from CryptoQuant reveals an […]
Bitcoin has entered an explosive bullish rally, breaking all-time highs seven times over the past eight days. This sustained surge has set new price records and pushed its market cap above $1.809 trillion, placing it ahead of Saudi Aramco, the oil giant valued at $1.79 trillion. Now positioned as the world’s 7th largest asset by […]
Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent report by Glassnode, the current BTC price momentum is primarily driven by strong spot demand and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump has added optimism to the digital assets industry. Related Reading: Bitcoin Price Could Peak In 200 Days, Before US Recession In Mid-2025, Report Says The report highlights that over 95% of Bitcoin’s supply is currently in profit. However, despite the high proportion of profitable holders, profit-taking has remained relatively muted during this cycle. Historically, monthly profit realization has typically ranged between $30 and $50 billion during previous Bitcoin ATH cycles. The current price discovery phase has seen about $20.4 billion in realized profit. This relatively low profit-taking level in the current BTC ATH cycle suggests further room for the BTC price to rise, potentially reaching the $100,000 milestone before demand wanes. The chart below shows the cost basis of new BTC investors, along with upper and lower statistical bands. According to the report, during an ATH phase, BTC’s price repeatedly tests the upper bands as new investors enter the market at higher price points. As can be inferred from the above chart, BTC’s current spot price of $91,199 is just below its upper band of $94,900. Keeping track of price movement between these bands can show when the market price might be high enough to force existing holders to sell their holdings. Excess Leverage Must Be Flushed Before $100,000 BTC While BTC is trading less than 10% below the $100,000 level, industry experts opine that excess leverage must be flushed out before the top digital asset attempts to hit the 6-figure target. Related Reading: Bitcoin To $100,000 By February 2025? Analyst Explains Why Data from Coinglass shows that more than $718 million worth of crypto contracts were liquidated in the past 24 hours, impacting 202,074 traders. Notably, contract liquidations were split pretty evenly between longs and shorts – 49.93% vs 50.07%, respectively – indicating that despite the strong bullish sentiment, there is no clear trading advantage. Some industry leaders remain optimistic about BTC’s future price action. In October, the BTC mining firm CleanSpark CEO said that the premier digital asset may peak at $200,000 in the next 18 months. Similarly, BitMEX co-founder Arthur Hayes recently predicted that BTC may hit $1 million under the Trump administration. BTC trades at $91,199 at press time, up 3.9% in the past 24 hours. Featured image from Unsplash, Charts from Glassnode and TradingView.com
Bitcoin set a new all-time high yesterday, reaching $93,483, continuing its impressive rally without significant setbacks. Over the past nine days, the crypto leader has surged with minimal dips, not falling more than 5% during this bullish phase. This relentless price action has drawn widespread attention as Bitcoin defies expectations and resists any notable pullback. Related Reading: Chainlink Whales Waking Up – Data Shows Signs Of Accumulation Key data from CryptoQuant reveals that traders’ unrealized profit margins are climbing, indicating that the market may be nearing a short-term peak. High unrealized profit levels typically signal that a correction could be on the horizon as investors look to secure gains. However, given the current strength of Bitcoin’s price action, the timing and scale of any correction remain uncertain. With Bitcoin’s price momentum showing few signs of slowing down, the coming days will be crucial in determining whether the market can sustain these levels or if a healthy retrace is in store. Investors are closely watching for potential entry points and key support levels, knowing that even minor dips could trigger strong buying interest as Bitcoin’s bullish phase persists. Bitcoin Strong Move About To Pause? Bitcoin’s price action has been remarkable, surging 38% since the U.S. election and capturing widespread attention with its unrelenting bullish momentum. However, this aggressive rally may be approaching a temporary pause, as data hints at a potential correction. CryptoQuant’s head of research, Julio Moreno, recently shared a compelling chart highlighting Bitcoin traders’ unrealized profit margins, which have reached 47% — a level that has often preceded price pullbacks. High unrealized profit margins can indicate that traders are sitting on significant gains, raising the likelihood of profit-taking that could trigger a market cooldown. Moreno’s analysis notes that this metric tends to correlate with a heightened risk of a correction when it surpasses certain thresholds. For instance, prior peaks in March reached 69%, while December 2023 saw unrealized profits hit 48%, both instances that led to notable corrections shortly after. Still, the current 47% level suggests that, while caution may be warranted, Bitcoin’s bullish phase still has room to run. Past cycles demonstrate that the market has tolerated even higher unrealized profits before reversing. The data implies that while a pullback may be on the horizon, Bitcoin could continue its upward trend a bit longer before any significant cooling occurs. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern – Details In the coming days, investors will be watching closely for any signs of a consolidation phase or a potential retracement. Should Bitcoin maintain strong support levels, continuing this bull run remains plausible. However, if profit-taking intensifies, a correction could provide a healthy reset for Bitcoin to gather momentum for future gains. BTC Breaking ATH Almost Every Day Bitcoin has shattered its all-time high seven times over the past eight days, fueling a highly bullish sentiment across the market. Currently trading at $90,620 after peaking at $93,483, Bitcoin’s price action remains strong, signaling sustained buying momentum. This surge has set a notably optimistic tone, but a brief correction period could provide a necessary reset after such an extended upward push. Given the high buying pressure, a short-term pullback to establish a new market equilibrium would be a healthy development. This could allow Bitcoin to test lower demand levels and establish stronger support areas for its next leg up. If profit-taking intensifies in the near term, BTC could revisit the $85,000 mark as it seeks to stabilize. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% In the coming days, investors will likely watch for this potential consolidation phase to gauge Bitcoin’s resilience. A successful retest of support around $85,000 would reaffirm confidence in the ongoing bull market, providing a stronger foundation for Bitcoin to push toward even higher levels. Overall, while the trend remains bullish, a balanced correction may be just what the market needs to maintain its momentum over the long term. Featured image from Dall-E, chart from TradingView
Bitcoin reached a new all-time high yesterday at $90,243, fueled by a week of intense buying pressure. This latest surge has sparked excitement across the crypto market, with many speculating that the next target could be even higher. However, as BTC approaches this milestone, we may see a brief consolidation phase before the next upward […]
Bitcoin has reached a new all-time high of $90,243 following a week of relentless upward momentum. After days marked by euphoria and rapid gains, the price is now entering a consolidation phase, providing a much-needed pause for the market. Key data from CryptoQuant indicates moderate selling pressure is emerging, which may signal a brief pullback or stabilization below the $90,000 mark. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern – Details This week will be pivotal in determining Bitcoin’s next steps as traders and investors watch if BTC will hold near the $90,000 supply level or retreat to test support around $80,000. With strong market fundamentals and continued interest from bullish investors, the potential for another rally remains high. However, a short consolidation period could offer healthier groundwork for BTC’s long-term ascent. All eyes will be on whether Bitcoin can sustain its current levels or if this cooling-off phase will allow buyers to re-enter lower demand zones, setting the stage for the next major price move. Bitcoin Selling Pressure Still Far From Peak Levels Bitcoin has reached a local top after setting a fresh all-time high, signaling a potential pause in its recent surge. Analysts and investors are watching closely, as BTC has a history of making aggressive moves once it starts trending upward. Despite this bullish momentum, many are exercising caution, anticipating that Bitcoin might need time to consolidate before pushing higher. According to key data from CryptoQuant analyst Axel Adler, the market is now experiencing moderate selling pressure. Adler’s analysis points to a possible consolidation phase, as short-term holders take profits. He specifically examines the short-term holder realized profit and loss data, which reveals that the current selling pressure is relatively mild compared to historical peak selling periods. In Adler’s view, this moderate pressure suggests that BTC’s recent rally might not end. He highlights clusters of intense selling seen in previous peaks, marked as Clusters #1, #2, and #3 on his chart, showing levels of selling pressure significantly higher than what we see today. This data implies that while some profit-taking is underway, it’s nowhere near the intense levels seen at past tops. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% As Bitcoin approaches consolidation, this subdued selling pressure could set the foundation for a more stable rally. Investors are eyeing this moment to gauge whether BTC will gather strength for the next leg up or continue cooling off, forming a solid base around current levels before another potential breakout. BTC Testing New Supply Levels (Again) Bitcoin has officially entered a much-anticipated price discovery phase, recently marking a new all-time high of $90,243. Currently trading around $87,500, BTC has experienced days of intense buying pressure and record-setting highs. However, the market may see a period of consolidation below the $90,000 threshold as traders assess new demand levels, potentially around $80,000. The coming days will be critical in determining BTC’s short-term path. If Bitcoin holds above the $85,000 mark, this would signal resilience and likely encourage a push toward higher supply zones as bullish momentum builds. However, if BTC loses this level, a retracement to lower demand of nearly $82,000 could come into play, allowing for a more stable foundation before the next rally attempt. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs Analysts view this consolidation phase as necessary after BTC’s rapid ascent, as it allows the market to establish support. Holding within the current range would signal strength, suggesting that BTC is well-positioned for further gains. Investors are now watching closely, gauging whether BTC will secure its recent gains or find a brief reset before aiming for new heights. Featured image from Dall-E, chart from TradingView
Bitcoin has shattered all-time highs six times in the past week, marking an explosive surge that’s captivated the crypto market. Rising over 32% in less than seven days, Bitcoin has now achieved a milestone by surpassing Silver’s market cap, solidifying its place as a dominant asset in the global financial landscape. Related Reading: Bitcoin Profitability […]
Bitcoin (BTC) has performed remarkably over the past week, surging 30% since the November 5 US election. The flagship crypto surpassed its March all-time high (ATH), recording a new high nearly every day for the last seven days. Bitfinex analysts noted that the market remains “relatively stable” despite increased speculative activity. Related Reading: Bitcoin Closing In On $80,000 For Record-Breaking Run After Trump Win Bitcoin ‘Fair Value’ Priced In At Higher Levels Following Donald Trump’s victory last Tuesday, the crypto market has seen a massive rally, surging to a market capitalization of $3.05 trillion. Bitcoin has led the post-election bullish run with a 30% price increase, nearing the $90,000 mark earlier today. According to Bitfinex Alpha report, the rally “highlights the positive reaction to the election outcome, with investors positioning themselves for potential economic stimulus and regulatory shifts.” During the March highs, BTC’s realized profit volume reached its peak of $3.1 billion. Since then, realized profit volumes have gradually decreased, “reaching an equilibrium.” As the report noted, there’s been a reset in supply and demand forces, which indicates, alongside the recent price surge, that “the market is now pricing in a higher ‘fair value’ for Bitcoin.” At the same time, the cryptocurrency continues its price discovery. Moreover, profit-taking above $70,000 has been significantly smaller than the past instances when Bitcoin traded above this range, despite a structural increase in profit-taking. Bitfinex analysts consider this to signal the “entry of a new wave of demand into the market,” backed up by Spot Bitcoin exchange-traded funds (ETFs) buying post-elections. Additionally, it suggests that fresh investor interest “could drive further upward momentum in the near term.” BTC Enters ‘A New Phase’ The report highlighted record-breaking BTC ETFs’ inflows, around $2.28 billion in three days. This performance represented a significant increase from the pre-election de-risking, which saw the crypto-based investment products record their second-largest single-day outflows. According to CoinShares data, Bitcoin ETFs closed the US election week with $1.8 billion in inflows and started this week with $1.1 billion in positive net flow. This performance displays a resurgence in demand for the flagship crypto as the market adjusts to BTC’s new price levels. Bitfinex analysts explained that from March to August, there was significant supply and insufficient sustained buying pressure to absorb it. The recent demand surge suggests a notable shift as buying interest is “absorbing selling pressure at all-time highs and stabilizing market dynamics: Now we appear to be entering into a new phase where the volume of profit-taking when BTC hits an all-time high is notably lower, given the amount of fresh demand entering the market post-election. This demand is helping to absorb the minor selling pressure still present, suggesting a healthier market environment and potential for further upward movement. Related Reading: Solana (SOL) Records 3-Year High As Price Hits $220, Is $260 Next? Meanwhile, Open Interest (OI) in Bitcoin futures and perpetual contracts reached ATH, hitting $45.43 billion. The report explains that this signals an increase in speculative activity but details that the market remains “relatively stable” since OI and BTC prices “are in equilibrium at elevated levels.” Ultimately, Bitfinex anticipates some consolidation soon, with a potential pullback to $77,000. A correction toward this level would close BTC’s CME gap and strengthen Bitcoin’s position to climb even higher levels. As of this writing, Bitcoin is trading at $86,225, a 5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin experienced an explosive surge yesterday, with bulls driving the price to a new all-time high (gain) at $89,980. This relentless uptrend highlights growing optimism among investors as Bitcoin continues to break new ground. Renowned trader and analyst Cheds recently shared a compelling technical insight, noting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing the “overbought” zone—historically a very bullish signal for BTC. Entering this zone could indicate heightened demand and momentum, suggesting further upside potential for Bitcoin in the near term. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs The coming days will be critical as investors anticipate a possible pullback to enter fresh positions at lower levels. However, the current price action remains bullish, showing few signs of weakness. If the price holds, it could fuel even greater buying interest, extending Bitcoin’s upward momentum. Cheds’ analysis underscores the strong technical setup for BTC, with RSI nearing a point that could attract more bullish attention. Investors will be watching closely, as any sustained movement in this high momentum phase may set the stage for Bitcoin’s next big leg up. Bitcoin Showing Strength Bitcoin has surged by over 32% in less than a week, with rapid, aggressive moves to new highs reflecting strong market sentiment. Such euphoria often precedes a correction, yet recent data indicates Bitcoin could sustain this upward momentum. Top trader and analyst Cheds recently shared a technical analysis on X, highlighting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing the “power zone,” known as the overbought territory. Historically, this zone has signaled powerful bullish phases for BTC. The last time Bitcoin’s RSI reached similar levels, the price rallied from around $40,000 to $70,000, suggesting another substantial surge might be on the horizon. As Bitcoin enters this new bullish phase, a continuation of the uptrend seems likely, but it may not be a straightforward climb. Even in strong bull markets, BTC typically requires periodic pullbacks to consolidate and gather strength for further gains. A healthy retrace would provide necessary support levels and allow BTC to “refuel” before another upward push. This retracement is particularly important in avoiding overstretched conditions that could lead to a more severe correction. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? While the current bullish momentum points toward higher levels, traders should anticipate some fluctuations, which are part of a sustainable uptrend. Bitcoin’s ability to hold key support levels during any potential pullback will be crucial for maintaining the overall bullish structure. Bullish Price Action: Key Levels To Watch Bitcoin is trading at $88,000 following two days of unexpected price appreciation, defying analysts’ expectations of a pause around $77,000 and a possible pullback to the previous all-time high of $73,800. Instead, Bitcoin’s price has continued its upward momentum, bringing it closer to the significant psychological level of $90,000. Many investors consider this level a key supply zone where profit-taking could emerge. Despite the rapid climb, market sentiment remains highly bullish, and the price structure suggests that Bitcoin is still targeting the much-anticipated $100,000 milestone. The current price action reflects a strong bullish trend, but a retracement toward the $77,000 level could be a healthy move, allowing BTC to establish a robust demand base. Such a pullback would offer a consolidation phase, which is typical before another major leg-up in a sustained rally. Related Reading: Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle In the meantime, Bitcoin’s steady price action above recent highs is boosting investor confidence and keeping the overall outlook bullish, as BTC appears well-positioned for further gains. Featured image from Dall-E, chart from TradingView
Bitcoin has proven unstoppable, breaking all-time highs five times in six days and surging past the $82,000 mark. This latest milestone cements Bitcoin’s momentum as it pushes into uncharted territory, capturing the bulls’ attention and sparking new levels of optimism in the market. According to recent data from CryptoQuant, the number of bullish investors is growing rapidly, yet there’s reason to believe Bitcoin’s rally is far from over. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? CryptoQuant’s insights indicate that BTC remains significantly below its March 2024 peak in several key metrics, which suggests that Bitcoin may still have room to climb within this cycle. This gap highlights that, despite the impressive gains, Bitcoin could still be building toward a true cycle peak, with potential gains yet to be realized. As investor sentiment strengthens and Bitcoin shows resilience at each new level, the market watches closely for signs of continued upward momentum. The next few days will be crucial in determining just how far Bitcoin can go as it solidifies its place in the next phase of this bull run. Bitcoin Bulls Enter The Room Bitcoin bulls have returned after eight months of sideways consolidation and significant selling pressure. With Bitcoin now trading 11% above its previous all-time high from March, market sentiment has turned decisively bullish, marking the start of a new trend. According to data from CryptoQuant analyst Axel Adler, the number of bullish investors in the market is steadily rising, signaling growing confidence. However, despite this uptick, the current rally lacks the frenzied demand seen during the March 2024 rally, when both retail and institutional interest reached euphoric levels. Adler’s data indicates that while bulls have a strong foothold in the market, the pace of accumulation by new retail and institutional participants is still relatively modest. This gap between the current market dynamics and those seen in March suggests that Bitcoin’s latest surge may be just the beginning rather than the end of its upward trajectory in this cycle. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside The slower but steady rise in buying interest could indicate that Bitcoin is still in the early stages of this bullish phase, with room for further growth before reaching a cycle peak. For investors, this could present a promising opportunity. The subdued retail and institutional excitement level suggests that Bitcoin has yet to capture mainstream attention as it did during previous peaks. If demand rises gradually, Bitcoin may experience sustained growth over the coming months, potentially reaching new highs as momentum builds. BTC Setting New High Bitcoin recently set a new all-time high above $82,000, which many investors previously viewed as a likely local top. However, BTC’s price action remains robust, and it may be too soon to call for a definitive peak. Despite this upward momentum, a potential pullback to $77,000 could be on the horizon, as there is an unfilled gap in the CME futures market between $77,000 and $81,000—a technical level that often attracts price action as traders look to close the gap. This week will likely bring significant volatility as bulls control the market. With Bitcoin in uncharted territory, some investors may seize the opportunity to lock in profits, which could introduce selling pressure. Related Reading: Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle Nonetheless, the dominant trend is bullish, and a brief correction to $77,000 could provide a foundation for further upside. Bitcoin’s strength remains intact for now, but all eyes will be on how it responds to the volatility and whether it can maintain this high range or dip slightly before resuming its climb. Featured image from Dall-E, chart from TradingView
Bitcoin has shattered its all-time highs once again, reaching a new peak of $79,780. This marks the fourth time in just five days that BTC has set a record high, firmly establishing a bullish phase that began when it broke its previous all-time high in March. Market optimism surged following Donald Trump’s recent victory in […]
Bitcoin is on a record-breaking run, reaching new all-time highs for three consecutive days following Donald Trump’s victory in the US election and a recent 25 basis point rate cut by the Federal Reserve. This combination of political and economic shifts has fueled a renewed wave of investor interest in BTC, driving prices into uncharted […]
Bitcoin has smashed through its all-time highs for the second day in a row, fueled by the recent US election results and a Federal Reserve interest rate cut of 25 basis points. Donald Trump’s victory has brought fresh optimism among investors, with many seeing his pro-business stance as a catalyst for Bitcoin’s ongoing rally. The […]