Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Cryptocurrencies, including Bitcoin and Ethereum, experienced a rise in value as investors anticipated the Federal Reserve's annual meeting and Bitcoin attempted to reach $30,000.
Bitcoin has made a significant move upwards, approaching $27,000 after days of stagnation, although other cryptocurrencies such as SOL, ADA, TON, and MKR have outperformed it.
Bitcoin briefly dipped below $26,000 after US Federal Reserve Chair Jerome Powell hinted at the possibility of raising interest rates again, but has since rebounded to over $26,000.
Bitcoin (BTC) dropped below $26,000 as bearish sentiment and lack of new catalysts weighed on the market, with major tokens like XRP, ADA, and SOL also experiencing a downtrend, while traditional markets saw gains.
Bitcoin (BTC) continues to experience losses as the "Grayscale hype" disappears and selling pressure remains strong, with predictions of further downside to around $23,000 and a potential relief rally topping out at $27,200, while U.S. dollar strength adds to the pressure on BTC price.
Bitcoin (BTC) closed the week below $26,000, with traders closely monitoring the $25,900 level as a potential support zone to determine future price movements. There is a possibility of Bitcoin entering a bearish scenario with sub-$20,000 levels, but a bullish revival above $26,000 is considered less likely.
The price of bitcoin fell nearly 1% in the past 24 hours to below $25,700, following a surge last week after Grayscale's court victory, while the announcement of extended oil production cuts by Saudi Arabia and Russia could be bearish for bitcoin prices. However, Solana's SOL token saw a 3.7% increase after Visa's announcement of expanding its stablecoin settlement capabilities with Circle's USDC stablecoin to the Solana blockchain.
Bitcoin experienced volatility and a "short squeeze," resulting in new highs for September, punishing late traders chasing the market up and down, with short liquidations totaling $23.5 million on September 7.
Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.
The recent Bitcoin rally is expected to lead to a much larger upswing, potentially reaching $5,000 to $10,000 within a couple of weeks, according to a crypto strategist.
Bitcoin, ethereum, BNB, and XRP have experienced a strong price rally in 2023, but a small cryptocurrency has surpassed them, while the Federal Reserve's interest rate decisions could impact the bitcoin price.
Bitcoin (BTC) reached new month-to-date highs, breaking $27,000 for the first time in September, as market participants anticipate a bullish trend and altcoins show signs of awakening.
Bitcoin could experience another parabolic rally and potentially reach over $80,000 following its 2024 halving event, according to a popular crypto analyst.
Bitcoin attempted a rally, reaching its highest price in three weeks, but quickly faced selling pressure, while the broader crypto market saw modest gains; attention turns to the US Federal Reserve's policy meeting for potential impact on monetary policy.
Bitcoin (BTC) held steady at $27,000 as investors awaited the Federal Reserve's decision on interest rates, with expectations of rates staying at current levels but potential short-term volatility.
Bitcoin's recovery is being met with selling above $27,000 due to nervousness surrounding the Federal Reserve's meeting, while long-term investors are accumulating, and institutional activity remains cautious.
Bitcoin price remained under pressure at $26,200 as the idea of higher interest rates for a longer period causes concern in financial markets, while the rise in rates is affecting equity markets and may lead to a recession, according to JPMorgan CEO Jamie Dimon.
Bitcoin managed to hold above the $26,000 level despite a drop in the S&P 500 and a rise in the US dollar, indicating a lack of aggressive selling, while low liquidity could lead to volatile price movements and traders are advised to wait for confirmations.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
Bitcoin surged over $28,000, experiencing a sudden spike and potentially driven by a short squeeze in the futures market, while Ethereum also rose above $1,700 for the first time in five weeks, contributing to a positive overall sentiment in the crypto market.
Bitcoin's sharp rally on October 1 may have been influenced by a temporary agreement reached by US legislators to avert a government shutdown, combined with the historically strong performance of Bitcoin in October, while the US stock markets are also in a favorable position this month. However, the rising US dollar index could pose a challenge for the bulls in the cryptocurrency markets.
Bitcoin ended the day slightly higher but saw a dip as the US 10-year yield surged, while the launch of ether futures ETFs did not generate much investor interest; however, the overall crypto market has been experiencing a rally influenced by factors like SEC approvals and government decisions, but there are concerns about the sustainability of this rally.
Bitcoin experienced a swift decline after failing to reach six-week highs at $28,000, with the subsequent hourly candle causing a $700 drop in the market, but there are still expectations for another attempt.
Bitcoin's price experienced volatility and dropped 2.1% after strong US employment data dampened expectations of further Federal Reserve counterinflation measures, but rebounded with $27,700 back in focus; Bitcoin open interest also declined.
Bitcoin may experience a significant rally to $42,000 if it breaks through the resistance level at $28,000, as suggested by top trader DonAlt, who remains bullish on BTC despite bearish sentiment.
The US Treasury market experienced its biggest single-day rally since the collapse of Silicon Valley Bank in March, as investors sought the safety of US bonds amid escalating tensions in the Middle East and growing expectations that the Federal Reserve may pause its rate hike campaign.
Bitcoin tumbled below $27,000 as a four-day rally in stocks and falling bond yields failed to generate buying interest in the cryptocurrency, with analysts predicting a potential fall below $25,000.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 likely being the disbelief rally of the first stage, according to crypto strategist Jason Pizzino, although he acknowledges the possibility of a deep corrective move before a full-blown bull market begins.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 being the "disbelief rally," according to crypto strategist Jason Pizzino, who also warns of a possible deep corrective move before a full-blown bull market.
Bitcoin's current price, which is below $30,000, presents an opportunity for investors to add it to their portfolios due to potential near-term catalysts like the upcoming halving, the possibility of approved Bitcoin exchange-traded funds, and a more accommodative Federal Reserve policy that could boost the cryptocurrency's price in the long term.
Bitcoin, Chainlink, and Avalanche are predicted to experience significant rallies, with Bitcoin potentially reaching its record peak of $69,000, according to a prominent crypto analyst.
Bitcoin (BTC) experienced a surge from $27,900 to $30,000, followed by a drop to $28,000, after a false report of a spot ETF approval led to significant liquidations and skepticism from analysts and reporters.
Bitcoin's price surged to nearly $30,000 before falling to $28,500 after a false report about the SEC approving a bitcoin spot ETF caused $100 million in liquidations and was later debunked by BlackRock and other sources.
Bitcoin is poised for a significant move, with Bloomberg analyst Mike McGlone suggesting that it is more likely to collapse rather than rally, as it remains stuck between its 50- and 100-week moving averages.
Bitcoin mining stocks are rallying as the cryptocurrency continues to hold above $30,000, with Bit Digital, TeraWulf, Hut 8, and CleanSpark leading the pack, while the upcoming halving event could pose challenges for the mining industry.
Bitcoin's price surged past $35,000 as the mood in the cryptocurrency market has improved, driven by the potential launch of bitcoin exchange-traded funds (ETFs) and growing interest from institutional investors like BlackRock.
Bitcoin is rallying towards $35,000 as the Bitcoin ETF inches closer to reality, with experts predicting the price could reach $75,000 in the coming months, and altcoins expected to underperform bitcoin and ether.
Bitcoin is predicted to continue its rally and potentially reach $48,000 by the end of the year, as it surpasses resistance levels and experiences increased trading volume and market dominance.
Bitcoin price rallied 15% to overcome the $30,000 level, Ethereum price shot up 12% to clear $1,727, and Ripple price rose above the $0.540 resistance level as altcoins followed Bitcoin's lead driven by the potential approval of a spot Bitcoin ETF.
Bitcoin has surged past $35,000, driven by excitement over the possibility of bitcoin funds trading on stock exchanges and the potential launch of a BlackRock bitcoin ETF, although regulatory concerns and uncertainty still loom.
Bitcoin surged past $34,000 this week, up 106% so far this year, driven by factors such as constrained supply, underinvested market participants, and its attractiveness as a safe haven from troubled traditional markets and geopolitical turmoil.
A crash in the bond market has led to panic on Wall Street, with Treasury prices plummeting and 10-year yields surpassing 5% for the first time in 16 years, which has significant implications for stocks, the economy, and everyday individuals.
Bitcoin had an impressive rally this week due to optimism surrounding the approval of a bitcoin ETF in the U.S., but the chances of reaching a new all-time high before next year's halving event are low, according to industry experts.
Bitcoin (BTC) slipped 2% to $34,000 as the crypto market cooled off after a rally, with meme coins like DOGE and PEPE outperforming, while LINK and AGLD dropped; however, BTC is still in its fifth bull market driven by institutional adoption and could reach $125,000 by the end of 2024, according to Matrixport.
Summary: Bitcoin surged by over 14% in the past week, reaching a high of $35,000 and maintaining a 30% increase over the last two weeks.
The last week saw a marketwide rally in cryptocurrencies, with Bitcoin and several other coins experiencing double-digit percentage gains, fueled by speculation of a Bitcoin spot ETF approval and other regulatory developments.