Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst
Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.
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The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
On-chain analytics firm Glassnode has revealed how the different Bitcoin investor cohorts have been reacting to the latest price dip. Bitcoin Conviction Buyers Are Stepping In, But Profit Takers Have Also Surged In a new post on X, Glassnode has discussed about the how the supply associated with the various Bitcoin behavioral cohorts has changed […]
Ethereum, the world’s second-largest cryptocurrency by market capitalization, established a new record high on Thursday. The ETH/USD exchange rate reached $1,927 ahead of the London opening bell after surging 4.12 percent. Later, the pair gave up a small portion of its gain to profit-takers. It was trading at $1,896 as of 1224 UTC, still up […]
Wall Street trading firms are a cautious lot, but they can't keep their eyes off of bitcoin. Big trading and investment houses don't want to miss out on possible profit opportunities as bitcoin continues to grow. More of the big proprietary trading firms are dipping their feet into bitcoin, thanks to the profit opportunity it can offer and its ability to streamline transactions, according to an article in The Wall Street Journal. The growing interest of Wall Street trading and investment firms serves to raise Bitcoin's profile in the investment community and the economy at large. "Their....
Dogecoin’s technical momentum is “back in the conversation,” with a revived pathway to $1 if current conditions hold, according to crypto analyst VisionPulsed in a November 10 video breakdown focused on DOGE’s structure and momentum profile. While he repeatedly underscored uncertainty around ultimate cycle timing, the analyst said Dogecoin has “reclaimed the uptrend,” adding that the macro uptrend looks broken but the summer uptrend is “valid technically,” especially when viewed on the weekly chart. Dogecoin To $1 Still Possible? VisionPulsed framed the setup as binary for risk takers:....