Bitcoin Price Analysis

Analysts Expect Bitcoin Price Correction Before Rally
Bitcoin

Analysts Expect Bitcoin Price Correction Before Rally

Bitcoin (BTC), the biggest cryptocurrency by market cap, has experienced a surge beyond the $52,000 level lately. This shows continuous demand for BTC at increasingly higher levels. A report from CryptoQuant, an on-chain data analytics firm, indicated that more than “75% of new investments in Bitcoin” come from spot Bitcoin exchange-traded funds (ETFs). This has […]

Feb. 19, 2024
Bitcoin Breaks $42K Barrier Amid Market Recovery, Analysts Eye Bullish Signals
Bitcoin

Bitcoin Breaks $42K Barrier Amid Market Recovery, Analysts Eye Bullish Signals

Bitcoin has broken through the $42,000 barrier, signaling a notable recovery in the cryptocurrency market following the recent spot Bitcoin exchange-traded fund (ETF)-linked sell-off. As reported by CoinMarketcap, Bitcoin exhibited a rapid ascent from $39,645 on January 26, marking a 5% gain to reach a trading price of $42,200. Presently, the price of Bitcoin stands […]

Jan. 27, 2024
Bitcoin Bounces & Figures Take Center Stage at $42,063 with 5.30% Surge
Bitcoin

Bitcoin Bounces & Figures Take Center Stage at $42,063 with 5.30% Surge

In the aftermath of the much-anticipated spot Bitcoin ETF launch, the market has failed to sustain a bullish momentum, triggering a bearish wave that has left investors on edge. The Bitcoin price, which initially experienced a minor upswing, is now grappling with significant pullbacks, raising questions about the cryptocurrency’s immediate future. Bitcoin Price Trend: From […]

Jan. 26, 2024