Momentum has continued to fade for Bitcoin following a broader market pullback, which has kept its price below the $80,000 mark. During the ongoing waning price action, one aspect of the market that is drawing significant attention is the activity of Bitcoin Long-Term Holders. Bitcoin Long-Term Holders Tighten Grip On Circulating Supply Bitcoin long-term holders […]
A recent TradingView technical outlook suggests Bitcoin remains locked beneath a stubborn upper trendline resistance that continues to suppress bullish momentum. Despite several recovery attempts, BTC has repeatedly failed to break through the resistance zone, causing speculations that the price could push below $60,000. Bitcoin Trapped Beneath A Heavy Ceiling The TradingView chart highlights how this upper trendline has consistently acted as a ceiling for price action, rejecting Bitcoin each time buyers attempt to push higher. That resistance area also overlaps with key Fibonacci retracement levels, making it an increasingly important barrier within the current market structure. Related Reading: Pundit Predicts What Will Happen To XRP When Exchanges Run Out Of Supply Current price action appears to support that outlook. Bitcoin has struggled to sustain upside momentum and recently slipped lower after another rejection near the top of the rising formation. Attention is now shifting tow
Bitcoin was on course to close the five-day workweek on the losing side after it slipped below $77,000 just before midday Friday. Crypto Market Cap Shrinks as Monthly Losses Loom Bitcoin was on course to close the five-day workweek on the losing side after it slipped below $77,000 just before midday Friday. According to data […]
XRP is trading in one of its most important technical zones of the year, with a new two-week chart analysis arguing that the larger Elliott Wave structure has not broken down. The setup, which was shared by crypto analyst Dark Defender, places XRP near the end of a narrowing resistance and support apex, where the next major move could decide whether the cryptocurrency will still be trapped below short-term resistance or beg a stronger upward rally to defined resistance levels. XRP’s Elliott Wave Count Still Points To A Larger Bullish Structure Dark Defender’s analysis is built around the view that XRP’s primary Elliott Wave structure is still intact on the two-week candlestick timeframe chart. The chart shows XRP moving through a larger five-wave sequence, with the current price action around the end of Wave 4. Related Reading: Analyst Says Solana And XRP Investors Are In Trouble, What’s Going On? According to Elliott Wave theory, Wave 4 is the second corrective phase in a five-wave
The regulatory shift could boost US crypto integration, fostering innovation and investment, but risks arise from reduced oversight and potential instability.
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Circle is launching cirBTC, a 1:1 Bitcoin-backed wrapped token. cirBTC will use real-time on-chain reserve verification for transparency. The token will launch on Ethereum and Circle’s Arc blockchain. Circle, the company behind the USDC stablecoin, has revealed plans to launch cirBTC, a wrapped Bitcoin product that meets regulatory compliance standards. The strategic move has the […]
The post Circle’s Wrapped Bitcoin Could Change Institutional Crypto Forever appeared first on Live Bitcoin News.
Strive’s Bitcoin linked preferred stock SATA is emerging as a key credit market instrument while its common equity ASST gains traction in public markets, reshaping how institutions finance large Bitcoin treasuries through yield bearing securities rather than straight spot purchases.…
The founder of on-chain analytics firm CryptoQuant has highlighted how the signals related to a Bitcoin bull run haven’t switched on yet. Bitcoin Bull Score Index Is Still Inside The Neutral Territory In a new post on X, CryptoQuant founder Ki Young Ju has shared the latest trend in the Bull Score Index for Bitcoin. This on-chain metric combines the data of several different indicators to give a single score for the network. Related Reading: XRP Declines 8%, But Whales Scoop Up 71 Million Tokens More specifically, the index makes use of ten metrics. Some of the popular ones part of it include the MVRV Z-Score, Trader Realized Price, and Stablecoin Liquidity. The Bull Score Index calculates its value in a simple manner: it counts up the number of metrics flashing a bullish signal for the cryptocurrency and multiplies the total by 10. When the indicator has a value greater than 60, it means more than six metrics are pointing to positive market conditions. Such a trend implies BTC may be
Bitcoin’s Fund Flow Ratio on Binance has returned to the 0.010-0.012 zone for the sixth time since 2018, a level tied to every major market turning point. The number is 0.010. It doesn’t look like much. But it has shown up at the edge of every major Bitcoin turning point since 2018, and it just […]
The post The Metric That Called Every Bitcoin Bottom Just Flashed Again appeared first on Live Bitcoin News.
