Large Bitcoin Holders Just Moved 80,000 BTC; Analysts Grow Cautious
Bitcoin is in the process of testing its 2020 highs again as bulls attempt to take the reins and guide it to see further upside It has been struggling to gain any serious near-term momentum due to the selling pressure at $13,200, but once broken, it could rally towards $14,000 Despite its overt bullishness at the present moment, there are a few bearish signs that may indicate that a selloff is brewing One analyst is […]
Related News
On-chain data shows the large Shiba Inu holders have accumulated a combined $100 million in SHIB during the past week. Large Shiba Inu Investors Have Been Participating In Accumulation Recently According to data from the market intelligence platform IntoTheBlock, the large SHIB holders have gone on a buying spree the past week. The “large holders” […]
Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news. The price of Bitcoin (BTC) surpassed $13,000 for the first time since June 2019. The optimism around PayPal supporting crypto purchases led the overall market sentiment to brighten within a short period. Immediately after the PayPal news was reported, the price of Bitcoin increased from $12,300 to $13,200 at the day’s peak. Although the medium-term outlook of the cryptocurrency market remains positive, analysts are not dismissing the likelihood of a pullback.Bitcoin surged 25.5%....
Bitcoin price is appreciating at full steam because the market consists of nothing but buyers at the moment. Those who already own the abundance of the currently circulating supply are holding strong and refusing to sell. However, data shows that nearly 20% of the entire circulating supply hasn’t moved in seven years. Are those coins held by the strongest holders yet, or are there other reasons the large share of BTC supply hasn’t moved in […]
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is making headlines again. After a rollercoaster year in 2023, the canine-themed meme coin is exhibiting signs of life in the first half of 2024. Related Reading: Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge? With a growing holder base, a strategic support network, and a recent price jump, SHIB seems poised for a potential climb. However, lingering sell pressure and the ever-present shadow of its all-time high keep investors cautious. Shiba Inu Finds Strength In Numbers SHIB’s popularity....
Traders are becoming cautious about Bitcoin price after repeated rejections at the $11,500 level following the recent rally. After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. While it might be premature to predict a marketwide correction, the level of uncertainty in the market seems to be rising.In the short term, traders pinpoint the $11,200 to $11,325 range as a critical support area. If....