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Bitcoin News
TronWeekly
4d
186
Image Credit: TronWeekly
Bitcoin’s Next Move: Will It Hold Above $104K or Face Another Pullback?
- Bitcoin may face a potential pullback soon, with $97,000-$99,000 seen as a key support level.
- Bitcoin needs to maintain a market cap above $840 billion to sustain its bullish momentum.
- Bitcoin dominance remains high, making it challenging for altcoins to break out as BTC leads with new all-time highs.
- Bitcoin's future growth depends on holding above $104,000, with $840 billion market cap level being critical for overall market value.
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Coindoo
4d
203
Image Credit: Coindoo
On-Chain Signals Hint at Profit-Taking by Long-Term Holders
- Long-term Bitcoin holders are starting to cash out after the price surge past $100,000, as indicated by an increase in Dormancy metric.
- While older holders are selling their dormant coins, new buying demand remains weak, leading to limited liquidity rotation in the market.
- Low BTC Velocity suggests that the market may struggle to absorb the selling pressure from long-term holders, potentially impacting short-term momentum.
- Rising Dormancy and low Velocity signal a return of supply without sufficient fresh demand, posing short-term challenges that could affect price action.
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Cryptopotato
4d
158
Image Credit: Cryptopotato
Bitcoin Price Analysis: Is BTC Out of the Woods After 8% Correction?
- Bitcoin faces selling pressure at $111K, leading to a bearish rejection.
- Price lacks bullish momentum, signaling possibility of a deeper correction.
- Technical analysis suggests a support zone between $97K and $100K may trigger a bullish reaction.
- On-chain analysis highlights $98K-$100K as a crucial support region for Bitcoin's mid-term holders.
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Coindoo
4d
308
Image Credit: Coindoo
AI Model Predicts Volatile Month Ahead for Bitcoin
- AI model using WaveNet deep learning predicts a volatile month ahead for Bitcoin.
- The model integrated 399 on-chain indicators and offers range-based forecasts with confidence intervals.
- Forecast is data-driven and not manually tuned, emphasizing actual network behavior over short-term trading calls.
- Traders should prepare for broad price swings in June as volatility defines the short-term outlook for Bitcoin.
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Coin Telegraph
4d
4k
Image Credit: Coin Telegraph
Here’s what happened in crypto today
- SEC raises concerns about REX-Osprey staking ETFs not meeting legal definition of ETFs due to corporate structure.
- IMF expresses concerns over Pakistan allocating 2,000 megawatts of electricity for Bitcoin mining, raising red flags about potential impacts.
- BlackRock's largest spot Bitcoin ETF, IBIT, experiences its biggest outflow day of $430.8 million, ending a 31-day inflow streak.
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Coin Telegraph
4d
390
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Michael Saylor shoots his shot for Rogan spot: ‘Let’s talk about Bitcoin’
- Michael Saylor expresses interest in discussing Bitcoin with Joe Rogan on The Joe Rogan Experience podcast.
- Bitcoin community excited about potential interview between Saylor and Rogan, with speculations and positive comments circulating.
- Joe Rogan has previously discussed crypto and Bitcoin on his podcast, expressing fascination with Bitcoin as a viable universal currency.
- Saylor's firm Strategy holds 580,250 Bitcoin and Saylor recently speculated on Bitcoin's price not reaching $150,000 yet due to market dynamics.
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Bitcoinist
4d
353
Image Credit: Bitcoinist
Bitcoin Must Reclaim $106,000 Resistance To Avoid Further Crash – Analyst
- Bitcoin experienced a market cool-off after hitting a new all-time high above $111,000, leading to a 4.36% decline in the past week and prices falling below $104,000.
- Crypto analyst Daan Crypto stated that Bitcoin needs to decisively close above $106,000 to regain bullish momentum and avoid a further decline.
- Recent negative market reactions, including US-China trade talks stalling, pushed BTC prices below the consolidation zone of $106,000-$112,000, with potential bearish pressure indicating a price correction to $100,000-$102,000.
- Currently, Bitcoin trades at $103,539 with a 2.60% loss in the past day. The market sentiment hints at a possible rebound if prices retest the $100,000 region.
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Coindoo
4d
227
Image Credit: Coindoo
Low Korea Premium Suggests Market Has More Room to Run
- Historically, when the Korea Premium index dips into negative territory at the start of bullish trends, it reflects caution among Korean traders due to past volatility shocks.
- Conversely, sharp spikes in the Korea Premium signal peak FOMO and often coincide with local tops in the crypto market, preceding a major selloff.
- The low Korea Premium reading indicates grounded sentiment and suggests that there is no irrational exuberance currently in the market.
- The data implies that there may be more upside potential before a major correction, as historical peaks in the Korea Premium have been reliable warning signs of overheating, which is not the case currently.
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13 Likes
TronWeekly
4d
250
Image Credit: TronWeekly
Bitcoin Could Hit New Highs as the M2 Money Supply Decreased
- Analyst Merlijn notes that increases in Bitcoin's price often follow drops in the M2 money supply.
- Records suggest that BTC tends to rise to higher levels after M2 drops to its lowest point.
- BTC's value could potentially reach $128,000 if this trend continues.
- Traders and investors are watching the correlation between M2 money supply and Bitcoin's price, with potential for another significant rally if M2 continues to decrease.
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14 Likes
Newsbtc
4d
333
Image Credit: Newsbtc
Bitcoin Price Trend Above $100,000: The Good News And The Bad News
- Bitcoin is currently trading above $100,000 at around $103,700 despite recent heavy selloffs signaling exhaustion in the past 48 hours.
- Long-term indicators suggest a bullish continuation for Bitcoin, with the Bitcoin Risk Signal trending downwards, indicating a relatively low-risk environment for long-term investors.
- Popular crypto analyst Willy Woo highlights that while the long-term setup favors bulls, short-term models like Speculation and SOPR metrics are showing caution with weakening rally strength.
- The possibility of Bitcoin breaking above $114,000 hinges on strong buying pressure in the coming week; failure to do so could lead to further consolidation.
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20 Likes
Bitcoinsensus
4d
256
Image Credit: Bitcoinsensus
Everything That Happened In Crypto This Week—A Full Recap
- Monday saw growing institutional investments in Bitcoin, with Strategy adding $480 million to its reserves and the Blockchain Group allocating €63 million for Bitcoin purchase. The UK announced new CARF-based reporting requirements for crypto platforms.
- Trump Media Group planned to invest $2.5 billion in Bitcoin on Thursday, U.S. Senator Cynthia Lummis advocated for a strategic Bitcoin reserve, and Block announced BTC integration into its merchant ecosystem by 2026.
- On Wednesday, Cactus Custody and Chorus One collaborated for Ethereum staking, BlackRock eyed a significant stake in Circle, and Elon Musk stepped down from his DOGE position.
- On Thursday, a trader lost $100 million in a Bitcoin long position, SEC settled with Binance, Phemex prepared for a large crypto trading competition, and Germany plans major taxes on tech giants. Friday featured the release of the PCE Report and SEC's new crypto staking guidance, while the crypto market faced significant losses.
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15 Likes
Bitcoinist
4d
232
Image Credit: Bitcoinist
Altcoin Season: Bitcoin Dominance Reaches Critical Level Above 64%
- Bitcoin's dominance in the crypto market has surpassed the key level of 64%, putting pressure on altcoins.
- Despite Bitcoin losing support at $105,000, altcoins have experienced dips, indicating a potential turning point in dominance.
- Technical analysis suggests that Bitcoin's dominance reaching 64% may be approaching exhaustion and could pave the way for altcoins to thrive.
- If Bitcoin's dominance starts to decline below 63.45%, it could trigger an altcoin season, potentially benefiting major altcoins like Ethereum, Solana, and Dogecoin.
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13 Likes
Livebitcoinnews
4d
395
Image Credit: Livebitcoinnews
Start RIPPLECOIN Mining cloud mining package through Robinhood wallet and earn up to $5,300 a day!
- Cryptocurrency is revolutionizing passive income opportunities by offering cloud mining as a profitable method without the need for expensive equipment or technical expertise.
- RIPPLECOIN Mining, a UK-based platform, boasts optimized computing power contracts that can generate up to $5,300 in daily income, enabling users to participate in high-yield mining.
- Key advantages of RIPPLECOIN Mining include a registration bonus, multi-currency support, bank-level fund protection, flexible contracts, referral programs, and green computing power.
- Successful user cases highlight the platform's effectiveness in generating passive income, with individuals achieving significant daily earnings through strategic investments.
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23 Likes
Medium
4d
311
Image Credit: Medium
Analyzing BingAI on BingX: A Trader’s Take on the AI Trading Assistant
- BingAI is an AI-powered trading assistant integrated into BingX, a crypto exchange with over 20 million users, founded in 2018.
- BingAI's core features were evaluated against the trader's workflow of on-chain analysis, technicals, and macro trends.
- The AI's role in crypto trading is growing, exemplified by the market interest in tokens like Render (RNDR) and Akash (AKT).
- While BingAI offers an all-in-one approach for analysis, it competes with platforms like Dune Analytics and Nansen, which provide deeper on-chain insights.
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16 Likes
Livebitcoinnews
5d
134
Image Credit: Livebitcoinnews
Méliuz Plans Share Sale to Buy More Bitcoin
- Méliuz, a Brazilian fintech company, plans to raise $78.6 million through share sales to invest in Bitcoin.
- The company was the first in Brazil to add Bitcoin to its treasury, with shareholders approving Bitcoin as a core long-term asset.
- Méliuz intends to become a Bitcoin Treasury Company and has purchased 320.2 Bitcoins as part of its strategy.
- The money raised from share sales will mainly be used to buy more Bitcoin, aligning with the company's shift towards digital finance.
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8 Likes
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