Cointelegraph By William Suberg
Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders' demands for a new macro low persisted.Long-term holders begin 'distribution'Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend.The pair had managed a revival to near $31,000 the previous...
Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month, which is a fresh sign that traders’ appetite for BTC exposure is mounting.Data from monitoring firm Arcane Research published this week shows that Bitcoin exchange-traded products (ETPs) now have record high BTC under management."Happier days" for Bitcoin ETPs...
Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses.Wall Street provides short-term reliefData from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating. The mood among stocks was more solid during the June...
Bitcoin (BTC) bulls may only need a pair of simple moving averages (SMAs) to determine if the bottom is in this halving cycle.In a Twitter thread on June 2, Checkmate, lead on-chain analyst at crypto analytics firm Glassnode, flagged the Investor Tool metric hitting “buy the dip” territory."Generational...
Bitcoin (BTC) lost bullish momentum at the June 1 Wall Street open as United States equities faced another day of retracement.Zooming out, "nothing" has changedData from Cointelegraph Markets Pro and TradingView captured a sharp U-turn for BTC/USD at the start of trading, $1,600 in three hours.At the time of...
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.Analysis of downtrends over time meanwhile revealed that the current descent from highs was the fourth-longest ever, now at 200 days.Noted by analyst Matthew Hyland, the longest-ever such downtrend...
Bitcoin (BTC) dived $3,000 into the morning of April 1 as a widely-predicted pullback seemed to accompany fresh moves by major investors. As revealed by the Whale Shadows indicator, over 11,000 BTC suddenly left its wallet on March 29, having previously sat there for most of a decade.Dormant coins...
Bitcoin (BTC) began to show fresh signs of an impending correction on March 31 as BTC price action began to eat into last weekend's CME futures gap.Popular Twitter account @CivEkonom, nonetheless, noted that a "stealthy" previous gap from last year between $52,000 and $54,000 also remained open."Gaps always...
Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests.Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million.Terra co-founder rejects idea LFG moved...
Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week's mini bull run has been.According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside.Bitcoin exits trendline slump that beat March 2020GRM...
