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The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $95,937 as of 02:47 a.m. EST on trading volume that surged 30% to $47 billion. This comes as the US CPI inflation rate accelerated in January, rising 3% on an annual basis, suggesting interest rates are likely to stay higher for longer. Inflation rose 0.5% on a monthly basis, against economists’ forecast for a 0.3% increase. 🚨CPI Inflation comes at 3%, higher than expected. FACT: Fed won't ease unless he sees a 2 in the number. — SWJ❤️ (@SWJGOAT) February 12, 2025 Bitcoin Price Currently Testing Support The BTC price has shown a strong bullish run from October to early December, breaking above the 50-day and 200-day Simple Moving Averages (SMAs). This uptrend, marked by the sharp green arrow on the chart, saw price action push into a consolidation zone (highlighted in purple) between approximately $92,000 and $105,000. However, after reaching a peak near $1...

The Bitcoin price plunged 3% in the last 24 hours to trade at $97,637 as of 02:26 a.m. EST on trading volume that surged 13% to $104 billion. BTC has dropped below the $100k mark, which suggests that some of the market’s most seasoned Bitcoin investors are booking record profits after BTC’s strong rally. Bitcoin Price Could Still Soar The Bitcoin price surged out of a long-term accumulation zone (highlighted in purple), which acted as a strong base around the $60,700 level during the summer months, according to data from GeckoTerminal . This breakout was accompanied by higher volume, indicating solid buying interest. Following the breakout, the BTC price has formed a rising channel (yellow lines), which suggests a gradual and sustainable uptrend with higher highs and higher lows. The upper boundary of the channel, near $100,000, acts as resistance, while the lower boundary around $96,000 is key support. The 50-day Simple Moving Average (SMA) at $91,666 aligns closely w...

As the 2024 U.S. presidential election approaches, an intriguing pattern is emerging, showing a correlation between Bitcoin’s (BTC) price and the rising odds of a potential Donald Trump victory. A comparison of Trump’s betting odds to win the election against Vice President Kamala Harris indicates that the former president’s chances have been climbing since October 10, reaching 53% as of press time, according to data from Kalshi. Between October 10 and 14, Trump’s odds increased from around 50% to 54%. During this same period, the price of Bitcoin surged from approximately $60,300 to around $65,000, reflecting an over 7% increase. Picks for you Ethereum creator Vitalik Buterin sells over $2 million worth of tokens 20 hours ago ...

Although Bitcoin (BTC) is solidifying its position above the $60,000 support zone, a cryptocurrency analyst has warned that the maiden digital asset is headed for a significant downturn. Particularly, Bitcoin is likely to crash and form a major low in the coming months, a period that will possibly be marked by high volatility if it continues to trade below $70,000, Alan Santana noted in a TradingView post on September 25. Santana highlighted the technical challenges Bitcoin has faced since reaching an all-time high of $74,000 in March 2024. In early March, a powerful bearish signal emerged, with the highest daily bearish volume seen in years on March 5, foreshadowing the market’s downward trajectory. Picks for you Silver is in one of its ‘hottest bull markets of all time’ 3 hours ago ...

The Bitcoin price plunged 4% in the last 24 hours to trade at $53,879 as of 6:00 p.m. EST on trading volume that soared 54% to $48 billion. This drop follows weaker-than-expected US jobs data. The 142,000 jobs added in August missed economists’ forecasts, though the unemployment rate ticked down to 4.2%. The report has left investors uncertain about the Federal Reserve’s next move, with some expecting a quarter-point rate cut and others a half-point cut later this month.  Traders now await next week’s Consumer Price Index data for further insights. Bitcoin Price Bearish – Is A Rebound Imminent? The Bitcoin price has been on a downtrend and has finally crossed below the lower boundary of the falling channel pattern, breaching the $55,300 support zone, according to data from GeckoTerminal . BTC still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the price of Bitcoin is still on a bearish trend. More...

However, this price jump could turn into a sell-the-rise opportunity as suggested by the surge in the exchange deposits. On-chain data provider Santiment reported that the exchange supply for Bitcoin has reached a two-week high. Reportedly, over 5,000 Bitcoins worth a staggering $128.5 million have been sent to the exchanges over the last 24 hours. advertisement Bitcoin has seen a modest 2% price increase, reaching $26.3K once again after a week. It’s important to monitor the supply of BTC on exchanges, which has grown by 3.1% in the past two weeks. Traders seem to be driven by the desire to secure modest profits, added Santiment. Courtesy: Santiment However, after the recent bounceback, $26,000 remains a key level to watch for investors. So far, the BTC price has been forming a double-top pattern indicating further pain ahead. However, if the BTC price manages to hold above the $26,000 mark, the double-top theory shall remain invalidated. If #BTC holds ~$...

Bitcoin (BTC) trades below $24,000 seeing a 0.88% decline over the past few hours as the coin fails to trade above $25,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,884 Bitcoin market cap – $456.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $28,000, $30,000, $32,000 Support Levels: $21,000, $19,000, $17,000 Buy Bitcoin Now Your capital is at risk BTC/USD loses its momentum after touching key resistance above $24,253. As of writing, the king coin is down 0.88% on the day at $23,884 hovering below the 9-day moving average. Meanwhile, Bitcoin (BTC) may struggle to close above $24,000 and if it does, it should be free to rise well above $25,000 if it moves in the next positive direction. Bitcoin (BTC) May Go Up as Tamadoge (TAMA) After a slightly positive move above...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction reveals that BTC continues to head to the downside as its price moves below $23,300 to touch the low of $23,104. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,127 Bitcoin market cap – $366.6 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $23,000, $25,000, $27,000 Support Levels: $17,000, $15,000, $13,000 Buy Bitcoin Now Your capital is at risk BTC/USD is trading around $19,127 below the 9-day and 21-day moving averages. Looking at the daily chart, Bitcoin (BTC) has remained in a bearish zone, and it is likely to slide below the lower boundary of the channel to touch the support of $19,000. However, the king coin is now plunging below the former resistance level of $19,500 w...

Three key Bitcoin price indicators explain why BTC price continues to fall toward new lows. Bitcoin (BTC) surpassed the $30,000 resistance on June 21, or 40 days ago, after a notable 19.5% gain in a week. Since then, it has been moving within a range filled with occasional moderate corrections and BTC price trades near $29,300. While these consolidation periods are common in traditional markets, they tend to make crypto investor s quite anxious. As Bitcoin's price repeatedly fails to break the $31,000 level, traders are becoming increasingly tense and their sentiment is worsening. This trend could reverse suddenly, regardless of any relevant news or macroeconomic factors that might support an upward move andcrypto traders' emotions can magnify positive and negative price swings, leading to euphoric and fear-led price action. Bitcon’s low volatility sessions have traders worried The increased anxiety among traders is partly due to Bitcoin's historical volatility, which use...

Bitcoin miners will hoard BTC and drive up prices in the process, with BTC price due to tap $50,000 this year as a result. Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered. In a report quoted by media outlets including Reuters on July 10, the banking giant went on record to announce a BTC price recovery. Standard Chartered vs. 2023 BTC price: From $5,000 to $50,000 In the wake of seismic changes in the institutional approach to Bitcoin in the United States, the mainstream narrative around the largest cryptocurrency is shifting rapidly. Standard Chartered, which just last year forecast the BTC price dropping as low as $5,000, now believes it will end the year ten times higher. BTC/USD should reach $50,000 in 2023, the report from the global head of research and chief strategist, Geoff Kendrick, forecasts. Thereafter, Bitcoin should go on to $120,000 by the end of next year. The reason, Kendrick believes, lies in supply dynami...

Despite warning about Bitcoin’s “worthlessness,” China has apparently never prohibited its citizens from hodling the cryptocurrency. The government of China has tried hard to make people believe that Bitcoin (BTC) would become worthless, but its predictions to date have been far off the mark. The original cryptocurrency has gained around 36% since the Chinese government stated it would become worthless in 2022. Amid the bear market, China attempted to capitalize on a massive market decline, warning crypto investors that Bitcoin prices were “ heading to zero.” In June 2022, the Chinese national news media agency, Economic Daily, issued a warning about Bitcoin to assure citizens the asset was a worthless “string of digital codes.” “In the future, once investors’ confidence collapses or when sovereign countries declare Bitcoin illegal, it will return to its original value, which is utterly worthless,” the article read. While it’s yet to be seen whether Bitcoin is heading to zero one da...