📉 Bitcoin's support is weakening below $60K, despite the latest U.S. #PCE data showing a three-year low in inflation.
While PCE data was as expected, $BTC price remains stagnant, hovering just above $60K.

#pcedata #BTCPrice #bitcoinprice #TrendingTopic

📉 As Q2 ends, $BTC faces a 14% decline, its first negative quarter since Q3 2023, despite maintaining above $60K.
June alone saw a 9% drop.

#BTCDrop #BitcoinPriceDrop #bitcoinprice #BTCPrice #TrendingTopic

What does Bitcoin halving do to the price?About every four years,the moment of new Bitcoin per block is halved.this can push BTC Price up #BTC #BTCPrice #BTC-0.89%

**Crypto-Related Stocks Surge with BTC** 📈: As Bitcoin reaches its highest price in three months, U.S. stock-listed cryptocurrency-related companies experience significant gains, with Coinbase's stock up 5.72% and MicroStrategy rising 5.05%. Analyst Matteo Greco suggests that bullish BTC momentum has been building as investors anticipate an imminent SEC approval for the BTC spot ETF. At the time of reporting, BTC stands at $31,001.91, reflecting a 3.59% increase. 📊🚀 #bitcoin #CryptoStocks #BTCPrice 🌟💹

📉 Bloomberg Analysis: Bitcoin Expected to Close Lower for Q3 Bloomberg's analysis indicates that Bitcoin is anticipated to close lower for the third quarter of this year. The cryptocurrency has experienced a roughly 12% price drop since early June. Macro-economic uncertainty has been cited as a negative factor impacting Bitcoin's price, with BTC trading in a range-bound pattern since the latter part of the second quarter. The U.S. Federal Reserve's decision to maintain a higher base interest rate for an extended period has made riskier assets like Bitcoin less appealing. Additionally, fund outflows from major Bitcoin investment vehicles and the repeated extension of the SEC's review deadline for a Bitcoin spot ETF launch have exerted downward pressure on Bitcoin's price during the third quarter. Amid the rising possibility of a U.S. federal government shutdown, some Bitcoin supporters foresee a potential surge in BTC similar to what occurred during the March liquidity crisis for small and medium-sized U.S. banks. As per CoinMarketCap data, BTC is presently trading at $26,845, reflecting a 1.13% decline. 📊📉 #BitcoinAnalysis #BTCPrice

"📈 Checking in on the Crypto Fear and Greed Index! It's at a balanced 50, keeping things cool 😎. #CryptoSentiment #BTCPrice $27927
#crypto2023

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📉📊 Bloomberg Reports Lowest Bitcoin Volatility Since 2016 📉📊

Bloomberg News has reported that Bitcoin's volatility over a 90-day period has reached its lowest level since 2016, according to their own data. K33 Research analysts Bendik Schei and Vetle Lunde noted that the 3-month implied volatility of Bitcoin has dropped to around 35 points. This decrease in volatility has resulted in Bitcoin experiencing much smaller price movements, with daily fluctuations limited to around 5%. The calm atmosphere in the cryptocurrency market this summer has contributed to this decline in volatility, with the 3-month implied volatility reaching levels far below historical lows. As of now, BTC is trading at $29,166.15, reflecting a decrease of 0.81%. #BitcoinVolatility #CryptocurrencyMarket #BTCPrice

📊 $BTC closed the first month of #2024 with a slight increase of +0.87%.

The price change for $ETH at the end of January was +0.13% 📈

Let's hope we'll see double-digit increases in February! 🚀

#ETHPrice #BTCPrice #bitcoinprice

**Bitcoin Faces Potential Correction as Price Approaches 2 level 52900 and 55750 Level**

As Bitcoin continues its volatile journey through the crypto markets, analysts are eyeing a critical level at 55750 with caution. At this juncture, a potential correction of 4 to 5 percent looms on the horizon, signaling a temporary downturn in the cryptocurrency's price trajectory.

The significance of the 55750 level lies in its historical resistance-turned-support role. Previous price action suggests that this level has served as a crucial pivot point, influencing market sentiment and price movements. As Bitcoin approaches this threshold, traders and investors are bracing themselves for a possible reversal.

The anticipated correction, expected to manifest in the form of a daily candlestick pattern, reflects the ebb and flow of market dynamics. Such fluctuations are not uncommon in the crypto space, where price movements are characterized by rapid shifts driven by a myriad of factors including investor sentiment, macroeconomic trends, regulatory developments, and technological advancements.

While corrections are part and parcel of Bitcoin's volatile nature, they also present opportunities for savvy traders to capitalize on short-term price discrepancies. Amidst the uncertainty, strategic positioning and risk management become paramount for market participants seeking to navigate the turbulent waters
#BTCBefore2025 #Write2Earn #BTCPrice

$BTC IS NOT A "TRADE" ! 🚨

You Don’t Speculate on the Price. Bitcoin is what you Earn and Save!

#BTCPrice #BitcoinHoldings #Bitcoinearning #BTC_Supply #BTCUSDT

Bitcoin Price Pumps to $39,000 As Fed Chair Powell’s Remarks Encourage Rate Cut Bets – Where is BTC Headed Next?

Fed Chair Jerome Powell’s tone on the risks faced by the US economy just shifted in a dovish direction, spurring a pump in the price of Bitcoin (BTC) to new yearly highs at $39,000

Powell noted that risks that the Fed doesn’t raise interest rates enough to combat inflation versus the risk that it over-tightens and unnecessarily weakens the economy have become more balanced

His comments come after recent economic data has shown the US economy cooling and with a key metric of US inflation (the Core PCE Price Index) averaging 2.5% annualized over the past six months.

Previously, Powell had been amongst the Fed policymakers warning that further interest rate hikes remained likely, and his shift in tone comes after his normally hawkish Fed policymaker colleague Christopher Waller said earlier in the week that the argument for rate cuts in 2024 was building.

Powell’s remarks sent US stock prices higher and bond yields tumbling as investors ramped up bets on rate cuts to begin in Q1 2024

As per the CME’s Fed Watch Tool, the money market implied likelihood of the Fed cutting interest rates back to 5.00-5.25% from 5.25-5.5% by March rose to over 60% on Friday from under 45% on Thursday

As rate cut expectations rise and, with it, expectations for a more Bitcoin-favorable liquidity backdrop, macro is a major tailwind for BTC right now.

But BTC continues to also benefit from crypto specific bullish narratives, such as an expected acceleration of institutional adoption and new buying pressure in the wake of spot Bitcoin ETF approvals in the US, which are expected to get the green light by early 2024

With the cryptocurrency having new seemingly broken convincingly to the north of the prior resistance at $38,000 short-term bullish speculators will be eyeing an near-term move above $40,000 and on towards resistance in the form of the April 2022 highs just above $43,000
#BTC #BitcoinPriceUpdate #BTCPriceForecast #BTCPrice #Bitcoin2024
$BTC

🔥🔥🔥 Bitcoin 40% Of Way Through #Bullrun If This Metric Is To Go By

An analysis of Bitcoin's long-term holders suggests that the current bull run may be approximately 40% complete, based on recent distribution patterns observed among these investors.

Long-Term Holders (LTHs), who are defined as Bitcoin investors holding onto their coins for over six months, typically exhibit strong resilience and are less likely to sell their holdings regardless of market conditions. However, during bull runs, particularly when the asset surpasses its previous all-time high (#ATH ) price, these investors tend to start distributing their holdings.

Recent data analyzed by Glassnode lead analyst Checkmate indicates that LTHs have begun to sell their holdings in a manner similar to previous ATH breaks. As shown in the graph, there has been a noticeable decline in the supply held by Bitcoin's long-term holders.

This distribution of holdings among LTHs is a significant signal, as it suggests that these investors are cashing out profits accumulated during the bull run. Historically, it takes around 6-8 months for new demand to absorb this sell-side pressure from LTHs, leading to further price appreciation.

Based on the historical average drawdown in the supply held by LTHs, the current Bitcoin cycle appears to be approximately 40% complete in this distribution process.

#BTCPrice Update

In the past 24 hours, Bitcoin's price has surged, reaching $71,800 as it continues its upward momentum.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC $BTC

📉 #Bitcoin at $38K enters the Panic Zone. On-chain metrics spotlight crucial levels:
➡️ All-time average MVRV: ~$40,000
➡️ Short-term cost basis: ~$38,000

Observing market reactions here is vital. Dropping below $38,130 may induce panic selling. Stay vigilant! 🚨 #BTCPrice #CryptoMarket

Bitcoin (BTC) Price May Rise Beyond $40,000 as Weekly Golden Cross is on the Horizon!

With the recent price action, the Bitcoin price secured some crucial levels, which suggests a massive upswing could be fast approaching

Following a bullish close for the year, the BTC price is believed to set up a remarkable trend in the coming weeks

Alongside, the BTC price is closer to accomplishing a massive move as the technicals have flashed a huge bullish signal. The price recently encountered the very first weekly death cross in history, and now it may face the first weekly Golden Cross. 

The weekly 50-MA and 200-MA are closer to undergoing a bullish crossover, which may occur in just a few days. This may offer the required push to the BTC price, which is trying hard to close the weekly trade above the crucial resistance. If the bulls sustain the gains, the target above $40,000 may be easily achieved and lay down a strong support base for Bitcoin to close the year on a bullish note.
#BTC #PriceProjections #BTCPriceForecast #BTCto40k #BTCPrice
$BTC