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Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBets that $20,000 will fail as support increaseData from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as
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Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue?The July 17 weekly close may have been practically identical to the last, but BTC/USD is showing some much needed strength prior to the July 18
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By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin yet again failed to sustain its rally over $30,000 yesterday, as it was harshly rejected by the
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On-chain data suggests Bitcoin long-term holders have started to capitulate recently as the sharp price drop causes panic in the market. Bitcoin CDD Inflow Indicator Jumps Up, Showing Long-Term Holders Have Been Selling As pointed out by a CryptoQuant post, the recent price drop has pushed long-term holders towards selling their BTC. “Coin
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The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.As noted by popular Twitter account @venturefounder on Jan. 14, even at $42,000, the BTC/USD trading pair is around 20% above miners' cost price.Miner capitulation
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Bitcoin’s mining difficulty suddenly dropped. The move down indicates that inefficient miners are going out of business. The capitulation of weak miners is long-term bullish for the dominant cryptocurrency. Bitcoin’s slow descent from the 2019 high of $13,880 to its current level of $8,130 is starting to put weak miners out of business.
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