Bitcoin Resumes Decline, Here’s Why BTC Could Dive To New Monthly Low

Bitcoin price is showing bearish signs and trading well below $40,000 against the US Dollar. BTC is likely to extend losses below $34,000 and $32,000 in the near term. Bitcoin failed to settle above $40,000 and it started a fresh decline below $38,000.

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Buy Signal? “Chart Master” Calls For $29K Bitcoin on CNBC

Still in the red, Bitcoin and the crypto market have held the line in the past day. A bounce back seems feasibly, but not guaranteed. At the time of writing, BTC trades at $42,913 with sideway movement in the 1-hour chart and a 20% correction in the weekly and monthly chart. The crypto market is […]

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Bitcoin Formes “Black Thursday” Buy Signal, Why It Could Lead To $100K

Bitcoin has returned to the previous week’s levels. At the time of writing, BTC trades at $54. 882,07 with a 1. 9% profit in the daily chart. In the weekly and monthly chart, BTC shows sideways movement.

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Bitcoin Dominance Dropped Below 50%, What This Could Mean For The Market

Bitcoin still moving sideways on the lower timeframes has managed to hold above key support. At the time of writing, BTC trades at $49. 807,17 with 16. 8% and 2. 4% in the weekly and monthly charts, respectively.

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Pantera Capital CEO Dan Morehead Explains How Bitcoin (BTC) Userbase Affects Its Price

In his traditional monthly letter to investors, Mr. Morehead tracked the number of peole using Bitcoin (BTC) and its valuation progress

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Ethereum Miner Revenue Surpassed February’s ATH to Hit $1.38 Billion in March

March was another excellent month for Ethereum miners, as their monthly revenue hit a new all-time high of $1. 38 billion. The price of Ethereum has continued to surge in April, despite bitcoin (BTC) failure to overcome the $60k barrier.

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Bitcoin Miners HODLing BTC as Revenues Reach Monthly Highs

Data from Glassnode shows that bitcoin miners are focused on hodling the asset as opposed to selling it, as indicated by the net position of these miners. Current figures show a net position change of around 5,000.

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Bitcoin Miners Raked in a Record $1.75 Billion in Revenue in March; Making a Hatrick of Over $1 Bln

Bitcoin miners earned a whopping $1. 5 billion in revenue in March, making a new record in monthly revenue as the price of Bitcoin made a new all-time high at $62,000 in the month. Q1 was actually the best quarter for BTC price in eight years, with more than 100% uptrend.

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Bitcoin Posts Best Q1 Performance Since 2013

This marks around 29% monthly gains in the price of bitcoin. In the first two months of the year, bitcoin’s price had increased 15% in January and 37% in February. These increases mark the best start of the year for BTC since 2013.

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Bitcoin records sixth straight monthly green candle: What’s BTC’s price outlook?

The last time Bitcoin saw six-monthly green candles in a row was in 2013… The post Bitcoin records sixth straight monthly green candle: What’s BTC’s price outlook? appeared first on Coin Journal.

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Bitcoin on the Back of the Envelope: up 63% in April?

If the April trend is combined with the emerging monthly pattern of large increases and subsequent regular corrections, it is possible to theoretically estimate the BTC price at the end of April 2021.

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Bitcoin bulls 'hold back' as BTC’s monthly futures expiry approaches

Bitcoin price briefly rallied above $60,000, but analysts say bulls are holding dry powder until after the March BTC futures expiry.

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Bitcoin Miners Banked More Than $1 Billion in January

This follows the highest monthly revenue for Bitcoin (BTC) miners ever, witnessed in December 2017. At the peak of “crypto winter,” miners banked more than $1. 25 billion. Increase in Bitcoin Mining Revenue The revenue also surpassed last year’s January record when miners earned slightly over $1 billion.

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Grayscale Now Owns 3% of All Bitcoin in Circulation, Adding 60,000 BTC Over Past Month

The largest crypto hedge fund Grayscale now holds 3 percent of all circulating Bitcoin, increasing their crypto holdings by monthly 10 percent on average

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BiC’s Crypto Video News Show – BTC Liquidity Crisis: What You Need to Know

Bitcoin’s popularity, coupled with the entrance of institutional and enterprise investors, is driving up demand. Overall corporate demand is more than double the entire monthly amount of bitcoin created per month.

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Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving

Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the halving happened in […] The post Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving appeared first on Bitcoin News.

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TA: Bitcoin Signaling Downturn, Why BTC Could Trade To New Monthly Low

Bitcoin price is showing bearish signs below $18,050 against the US Dollar. BTC is now likely to continue lower and it could even trade below $17,500 Bitcoin is showing a few bearish signs below the $18,200 and $18,500 resistance levels.

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Coingecko Crypto Market Report Highlights Bitcoin’s Reign In November; DEX Use Dropped 15%

The month of November was a successful one for cryptocurrency bulls as the price of Bitcoin (BTC) set an all-time high, pushing up the altcoin market along with it. In its monthly report, Coingecko, a crypto data analysis firm, states that the overall crypto market capitalization hit a yearly high of $554 billion in November […] The post Coingecko Crypto Market Report Highlights Bitcoin’s Reign In November; DEX Use Dropped 15% first appeared on BitcoinExchangeGuide.

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Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January

Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s […] The post Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January appeared first on Bitcoin News.

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Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar

Bitcoin is currently caught within the throes of an intense uptrend, with bears being unable to slow its ascent The strength of this uptrend has been quite intense, and seems to indicate that significantly further upside could be imminent The lower and mid-$19,000 region does hold some intense resistance for the cryptocurrency, and another rejection here could strike a heavy blow to bulls That said, the macro strength seen by BTC indicates that a move […]

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PayPal purchased 70% of all newly-mined BTC over the past month

Payments giant PayPal bought up to 70% of all newly-mined BTC over the past month since it started offering crypto services on October 21 this year. Pantera Capital, a hedge fund manager, unveiled this news in its most-recent monthly blockchain letter, adding that combined with Square’s Cash App, the two firms are purchasing more than 100% of all newly-issued BTC.

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Bitcoin hits 2nd highest monthly close to date —near $14,000 barrier

BTC price touched highs of $14,100 — the highest price point in more than...

The post Bitcoin hits 2nd highest monthly close to date —near $14,000 barrier appeared first on Coin Journal.

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Ethereum Fails to Post Bullish Monthly Close, Opening the Gates for Downside

Ethereum’s trend of underperformance against Bitcoin has persisted and is showing few signs of changing anytime soon The cryptocurrency has been unable to match the strength seen by BTC over the past few weeks, and it is still trading below its key $400 resistance level Where it trends in the near-term depends largely on Bitcoin’s reaction to $14,000, as a break above this level could send the entire market flying higher One analyst is now […]

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Bitcoin Cash, Waves, Enjin Price Analysis: 01 November

Bitcoin noted a brief spike past $14,000, before being rejected, with the cryptocurrency trading at $13,700, at press time. The crypto-space was ecstatic about BTC closing a monthly candle above $13k,The post Bitcoin Cash, Waves, Enjin Price Analysis: 01 November appeared first on AMBCrypto.

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Hedge Funds Widely Flip Short on Bitcoin Despite Blatant Breakout

Bitcoin has been caught within the throes of an intense uptrend throughout the past few weeks This has led its price to post massive gains, with bulls now vying to post a monthly close above $13,800 for the first time Although this would mark the highest monthly close ever seen by BTC – which would be undeniably bullish – not everyone is convinced Data from the latest Commitment of Traders report from the CME shows […]

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Here’s a level at which you should buy Bitcoin (BTC) in November

Bitcoin (BTC) price is fighting to secure the largest amount of monthly gains since April. The price action is trading about 3% higher this week after tagging the key short-term resistance near $13,900.

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Is Bitcoin’s Monthly Close Bearish or Bullish for Q4 Outlooks?

Bitcoin (BTC) reached a relatively positive close for the month of August. Even though the price has broken out from a neutral pattern, short-term decreases could occur before BTC resumes its upward trend.

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Bitcoin At Potential Risk of Breakdown Below $10,000: Here’s Why

Bitcoin price traded to a new monthly low at $9,853 before correcting higher against the US Dollar. BTC is still following a bearish pattern and it is likely to accelerate lower below $10,000. Bitcoin is trading in a bearish zone below the $10,800 and $10,500 support levels.

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Around the Crypto World in 15 Charts: CoinDesk Research’s August Review

In 15 charts, the CoinDesk Monthly Review for August details BTC's performance, its relationship to fiat currencies and Ethereum’s growing congestion problem.

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What now for Bitcoin price? September starts with abrupt BTC sell-off

Bitcoin’s new monthly candle has been met with a fierce sell-off. Traders explain bearish and bullish scenarios for BTC.

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Next target for BTC/USD is $13,880 after highest monthly close since 2017

BTC/USD monthly close of $11,655 is second-highest in history, and bulls have pushed to... The post Next target for BTC/USD is $13,880 after highest monthly close since 2017 appeared first on Coin Journal.

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Bitcoin [BTC] Price Analysis – Monthly Returns

With the beginning of a new month, the sentiments of cryptocurrency traders are running high with the surge in farm yields and token prices on DeFi platforms. Bitcoin [BTC] has been ranging between $11,000 and $12,000 for the past few weeks.

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Here’s Why Bitcoin Is Primed to Move Towards $13,000 in September

Bitcoin has pressed higher over the past three days. Since bottoming last week, the leading cryptocurrency has rallied to $11,750 as of this article’s writing. BTC is poised to close above $11,500 for its monthly close, boding well for the bull case.

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Crypto market remains bullish as $1B in Bitcoin derivatives expire

Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC.

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Bitcoin Is Just 17% Away From Setting a New Monthly All-Time High

Bitcoin has been on a strong rally over recent weeks, rising as high as $12,500. Even still, BTC remains far below the $20,000 all-time high it set at the end of 2017. The cryptocurrency is only 17% away, though, from setting a new monthly candle high.

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USD-Pegged Cryptos & BTC Continue to Rise in Contradiction to the Falling US Dollar

The US dollar is not having a good start in the second half of 2020. The dollar index, which measures the greenback against a basket of leading currencies, has fallen 9.5% since the March high. July was the currency’s weakest monthly performance in a decade after USD fell to a two-year low. This weakness has […]

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Investor Greed Signals Bitcoin May Be Topping Despite Strong Monthly Close

Bitcoin was able to post an incredibly strong monthly candle close yesterday This marked the first time that the crypto had closed its monthly candle above $10,700 since mid-December of 2017 Shortly after the close took place, bulls stepped up and allowed BTC to set fresh 2020 highs of $11,800 It did face some heavy selling pressure at these highs that caused its price to see a sharp decline, but it has since stabilized Analysts […]

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Bitcoin’s Monthly Candle is About to See Its Most Bullish Close Since 2017

Bitcoin and the aggregated crypto market are currently flashing some signs of tempered strength as most assets push higher BTC is still caught within a consolidation phase within the lower-$11,000 region Strength in other assets, like Ethereum, may help guide the benchmark crypto higher in the days ahead One analyst is now noting that BTC is about to post one of the most bullish monthly candles it has seen since late-2017 As long as BTC’s […]

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Bitcoin Soars 12% & Smashes Crucial Resistance: Bulls Aim $12K

Bitcoin rallied over 10% and it broke the key $10,500 resistance against the US Dollar. BTC is now trading nicely above $11,000 and it seems like the bulls are aiming a test of $12,000. Bitcoin extended its rally above the $10,000 and $10,500 resistance levels.

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OKEx Expands Its Crypto Options to Daily, Two-Day, and Monthly Options

Malta-based cryptocurrency exchange OKEx now features daily, two-day, and monthly options trading for BTC/USD, ETH/USD, and EOS/USD.

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Opera Extends Built-In BTC, ETH, TRX Wallet Services to Over 170,000 Monthly Users

Opera Software AS, a leader in the web browser and app creation industry is extending its cryptocurrency wallet services to the U. K. The wallet services allow users to send money from wallet to wallet and interact with dApps while also supporting online payments with cryptocurrency where merchants support exists.

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Technicals Suggest Bitcoin Likely To Target Fresh Monthly High Above $9,400

Bitcoin traded as high as $9,377 before starting a downside correction against the US Dollar. BTC is currently up holding the $9,200 support and it could continue to rise steadily. Bitcoin is trading in a positive zone above the $9,200 and $9,180 support levels.

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BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The sector continues to see growth. In its latest update, BlockFi reported a 100% increase in revenue in Q2.

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Analyst Expects Bitcoin Price to Hit $27,000; Here’s Why

Bitcoin may hit $27,000 in the coming sessions, says an analyst. The analogy appeared as the cryptocurrency trends inside a Bullish Pennant structure on its monthly chart. The analyst sees BTC/USD breaking above the technical pattern and aim for an all-time high as its upside target.

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Bitcoin’s Bearish Monthly Close Raises Red Flags

The Bitcoin (BTC) price created a shooting star candlestick for the month of June. This is a bearish pattern that normally indicates that the previous upward trend has lost its strength and a reversal is near.

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Crucial Factors to Consider Before Bitcoin Closes Its Monthly Candle

June has been a rather uninteresting month for Bitcoin. The cryptocurrency largely ranged between $9,000 and $10,000, with each break above or below this range being fleeting. One interesting trend seen throughout the past four weeks has been BTC’s propensity to set lower highs, as it has been slowly grinding down to the lower end […]

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Bitcoin Is Recovering But $9,300 Could Trigger A Fresh Decline

Bitcoin is currently correcting higher from the $8,813 swing low against the US Dollar. BTC is trading above $9,000, but it is facing many hurdles near $9,200 and $9,300. Bitcoin started an upside correction after trading to a new monthly low at $8,813.

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Why Tomorrow’s $1B Bitcoin Options Expiry May Not Trigger Any Volatility

Tomorrow, $1 billion worth of monthly and quarterly Bitcoin options will be expiring This will be the largest options expiry that BTC has ever seen Some analysts believe that the event will spark some massive volatility That being said, the sharp downwards movement seen yesterday evening may have actually been the movement that was widely expected by traders One analyst believes that this signals that the benchmark cryptocurrency is poised to see even further sideways […]

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What Does Bitcoin’s Monthly Close Tell Us About Future Prices?

The Bitcoin (BTC) price reached a close of $9448 for the month of May, which was the highest close since August 2019. However, the price is still facing considerable diagonal resistance and horizontal resistances in the weekly time-frame.

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