Bitcoin (BTC) On Track For Strongest September Performance, Is $90,000 Next?

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has led the market recovery with its surge to the $63,000 mark. Following the recent developments, the flagship cryptocurrencys performance has seen an 8% weekly surge, driving BTC to one of its best September performances since its creation. Related Reading: Polygon (MATIC) To Come back From The Dead As Ascending Triangle Appears Bitcoin Registers Sixth Green Daily Candle During the first week of the month, Bitcoin saw its price struggle to keep above the $55,000 mark, plummeting to the $52,000 support zone and raising investors alarms. The rest of the sector followed BTCs lead, dropping 12% to a market capitalization of $1.81 trillion earlier this month. Since then, the market has seen a significant boost, mostly fueled by the US Federal Reserves (Fed) rate cut. Following the Feds announcement, the sector recovered 5%, continuing its ascending trajectory throughout the weekend. Due to the positive market sentiment, crypto investment products ended the week with $321 million in inflows, the second weekly positive net flows in a row. The inflows were led by Bitcoin-based products, which registered $284 million last week, according to the CoinShares report. BTC, propelled also by Kamala Harris recent acknowledgment of the crypto industry, recovered 20% from the monthly lows of September 6. The rebound pushed the cryptocurrencys price toward the $64,000 resistance level, which was last held a month ago. After failing to reclaim the key resistance level, Bitcoins price has been hovering between the $63,000-$63,900 range throughout Monday morning, registering six green daily candles since September 17. Will BTC See Four Green Months In A Row? BTCs recent price action has translated into green numbers in the month-to-date (MTD) timeframe, making September a green month for the cryptocurrency. Coinglass data reveals that the flagship crypto displays a 7.94% return MTD. This performance was noted by some market watchers, who suggest that Bitcoin is on its way to registering its best September so far. In an X post, Crypto Jelle highlighted that BTC is currently on track for the strongest September performance in its history after its current MTD return surpassed that of September 2016. To the analyst, the flagship cryptocurrency is preparing for a promising performance next quarter. Jelle also pointed out that BTC has only closed September with green numbers three times. However, the times this has happened, the cryptocurrencys monthly returns have closed in the green for four months straight. This suggests that Bitcoin may be on the verge of a massive bull run for Q4. Close this month in the green, and the odds are high October, November and December will close green as well. He pointed out that this week will be decision time for the flagship cryptocurrency, as a higher high is within an arms reach. A push above the $65,000 resistance level would flip the narrative and see BTC moving to levels not seen since early August. Related Reading: Bitcoin Could Reach $108,000 To $155,000 By 2024 End, Analyst Reveals Why The cryptocurrencys chart displays a massive descending broadening wedge, which has the potential to hit $90,000 after a breakout. Ultimately, the analyst considers that Bitcoin wont trade within this pattern for much longer. As of this writing, the flagship trades at $63,700, a 1.7% and 10% surge in the daily and weekly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Could Reach $108,000 To $155,000 By 2024 End, Analyst Reveals Why

An analyst has explained why Bitcoin could end the year 2024 inside the $108,000 to $155,000 range if history repeats for the asset. Bitcoin Performance Has Been Similar To Last Two Cycles So Far In a new post on X, analyst James Van Straten has discussed about the BTC price performance from the cycle low chart for the last couple of cycles. As its name suggests, this chart captures the price trend between successive cyclical lows. For the latest cycle, the start-point is naturally the bottom that was observed shortly following the collapse of the cryptocurrency exchange FTX back in late 2022. Related Reading: Bitcoin Hype Remains Low Even After $63,000 Surge: Green Sign For Rally? Below is the chart shared by Van Straten, which shows how this most recent cycle has stacked against the last two so far: As is visible, the asset’s recent price performance has been remarkably similar to that witnessed in the past two cycles at the same stage. “Out of all the graphs, TA etc, Bitcoin from the cycle low continues to be the most valid,” notes the analyst. Given the similarity so far, it’s possible that the coin’s trajectory in the current cycle may continue to mimic that of the last two. Van Straten has pointed out that both these cycles finished September higher. Not just that, this is also the point at which the two began a long-lasting surge that culminated into the bull run highs. Thus, it’s possible that Bitcoin may also surge from here, if the current cycle continues to follow the last two. “If BTC were to finish EOY between the two previous cycles, which it has done for most of the current cycle, we would be looking at 108k-155k,” explains the analyst. From the latest Bitcoin price, a rally to the lower end of this range, $108,000, would mean an increase of around 70%, while that to the $155,000 upper level would suggest growth of more than 144%. Related Reading: These Altcoins Are Seeing High Whale Interest After Fed Rate Cut As always with patterns that depend on history, though, it’s not necessary that BTC would show a rally in this range to end the year. Nonetheless, the analyst says, “if we don’t get a recession, this is entirely possible.” In some other news, as market intelligence platform IntoTheBlock has pointed out in an X post, Tether’s stablecoin, USDT, has reached a new high in its supply recently. As displayed in the above graph, the the USDT market cap has witnessed some sharp growth recently. With the metric’s value now nearly at $120 billion, Tether’s token has left the other stablecoins way behind. The inflows into the stablecoin can actually be relevant to Bitcoin, as capital from USDT generally tends to find its way into the original cryptocurrency. Thus, the growth to a new record suggests the investors potentially have more dry powder available to buy BTC with than ever before. BTC Price Bitcoin has gone stale after its recent recovery as its price is still trading around the $63,600 mark. Featured image from Dall-E, IntoTheBlock.com, Glassnode.com, chart from TradingView.com

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Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000

Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the [...]

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Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise?

Data shows derivatives exchange users are still shorting Bitcoin after the recovery that the cryptocurrency has enjoyed beyond the $57,000 mark. Bitcoin Funding Rate Is Still Negative On Major Exchanges According to data from the analytics firm Santiment, investors have been shorting BTC for the last few days. The indicator of interest here is the [...]

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Bitcoin Now Forming Pattern That Last Led To It Blasting Off

On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Santiment, BTC investors have been liquidating their wallets amid the recent bearish wave in [...]

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Bitcoin forming massive bullish wedge pattern as trader eyes $85K

Bitcoins bullish pattern on the chart is signaling to crypto traders a potential 25% price increase from its current level.

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Bitcoin Like A Spring Waiting To Uncoil, Analyst Explains Why

An on-chain analyst has explained how Bitcoin is sitting like a coiled spring right now, a state the asset doesn’t usually stay in for too long. Bitcoin Short-Term Holder Sell-Side Risk Ratio Has Declined Recently In a new post on X, analyst Checkmate has discussed the recent trend occurring in the Sell-Side Risk Ratio for the Bitcoin short-term holders. The Sell-Side Risk Ratio here refers to an indicator that tells us about how the absolute profit and loss being locked in by the investors compares against the BTC Realized Cap. The Realized Cap is basically a measure of the total amount of capital that holders as a whole have used to purchase their coins, as determined by on-chain data. Related Reading: Bitcoin Not Overvalued Yet, Says CryptoQuant CEO: Heres Why Thus, the Sell-Side Risk Ratio, which takes the ratio between the sum of profit and loss with this initial investment, provides info about how the profit or loss-taking from the investors looks like relative to their cost basis. When the value of the indicator is high, it means the holders are realizing a large profit or loss right now. Such a trend may follow some sharp volatility in the asset’s price. On the other hand, the metric being low implies that investors are only selling coins close to their break-even level. This kind of trend could suggest profit or loss-takers in the market have become exhausted. In the context of the current topic, the entire market’s Sell-Side Risk Ratio isn’t of interest, but rather that of only a specific segment of it: the short-term holders (STHs). These investors are typically defined as those who acquired their coins within the past 155 days. The below chart shows the trend in the metric for this cohort over the past decade: As is visible in the graph, the Sell-Side Risk Ratio for the Bitcoin STHs had shot up to a very high level when the rally towards the new all-time high (ATH) had occurred earlier in the year. Historically, the STHs have shown to be the fickle-minded hands of the market, who sell easily at the sight of any FOMO or FUD in the sector. As such, it’s not surprising to see that these investors had ramped up their profit realization alongside the rally. Related Reading: Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally? Since this peak, though, the indicator has gone through a steep decline as the price of the cryptocurrency has been stuck in endless consolidation. Following the drawdown, the metric has now returned to relatively low levels. It would appear that as the tight sideways movement has occurred, sellers among the STHs have seen exhaustion. “Bitcoin is coiled like a spring, and it usually doesn’t sit still like this for long,” notes the analyst. With the asset’s price surging to $71,000 in the past day, it’s possible that this unwinding may already be here. BTC Price Bitcoin has enjoyed an increase of around 3% in the past 24 hours, which has now taken its price to $70,900. Featured image from Dall-E, checkonchain.com, chart from TradingView.com

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Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally?

On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone. [...]

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Will Bitcoin Have A Red Monday, Green Week? Analyst Sets $63,500 Target

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. Related Reading: Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTCs performance and consider the drag down to be part of the quarterly retest. Is Bitcoin Headed For A Chop Summer? On Tuesday, crypto analyst Jelle made a case for Bitcoins bullish momentum. Amid the bearish sentiment from some community sectors, the crypto investor believes BTCs bull run isnt over. Per Jelles posts, Bitcoin has been holding key support levels despite its brief fall under $60,000. Additionally, the largest cryptocurrency by market capitalization displays a still firmly bullish higher-timeframe structure. This structure exhibits BTCs performance consistently, making higher highs (HH) and higher lows (HL) for the last year and a half. Per the chart, the price drop remains a higher low than the May 1 retrace, which remains the deepest this cycle. Jelly criticized those who send hate to bullish investors, highlighting that Bitcoin has consistently moved higher for nearly 20 months. He suggested that In a bull market, conviction pays. Moreover, he pointed out that the flagship cryptocurrency exhibits a bullish flag below all-time high levels. To the analyst, this consolidation could play out similarly to the consolidation below the $30,000 resistance range. If it were to happen, Bitcoin would see a chop summer below the new key resistance, the $74,000 ATH price, before breaking out. According to Jelle, the breakout could cost BTC $100,000. Quarterly Retest: Red Monday, Green Week? Despite the long-term forecast, Jelle set a $63,500 target for this week. During Mondays drop, the analyst stated that BTCs performance was playing out like it was in 2016-2017. Furthermore, pointed out that Bitcoins key support level of $58,000 is doing its job during this quarterly retrace. To Jelle, BTC can lock in a lower-timeframe higher low this Tuesday. As a result, the analyst considers that bulls can run the flagship cryptocurrency to $63,500 by the end of the week. Jelle also believes Bitcoin could surpass its weekly open, making it a Red Monday, Green Week. Altcoin Sherpa also suggested that BTC could reach the weekly open. Per the analyst, the current range remains a bounce region, which could return the price to $64,000. He expects this performance to relieve altcoins, although he doesnt consider it THE bottom. Related Reading: Crypto Winter Arrives Early For The Altcoin Market As Venture Capital, Founder Selloffs Mount Sherpa believes there will be more volatility before the local bottom: 4h EMAs all bearish; expecting price to pull back when we see it interact with them at 64kish. To the analyst, BTCs local bottom will come in the next few days and could test the May 1 retrace levels. At the time of writing, Bitcoin is trading at $61,700, representing a 4.5% recovery from Mondays pullback. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been [...]

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Bitcoin Surges Past $101K with Eyes on $110K Bullish Breakout

Bitcoin has pushed above $101,000, gaining 4.50% on the day as buying momentum continues. The price currently stands at $101,399. The market is rebounding after a correction that brought Bitcoin below $80,000. Since that low, the price has steadily climbed, reclaiming key levels and moving closer to the previous high near $110,000. The $110,000 area […]

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Bitcoin To Reach Escape Velocity? Analyst Makes The Case

An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the [...]

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Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says Hard To Be Bearish

Data shows the Bitcoin Open Interest as a percentage of its market cap has been at lows recently, a sign the derivatives side has been healthy. Bitcoin Open Interest Is Now Less Than 2% Of The Market Cap As explained by analyst James Van Straten in a new post on X, the derivatives side of the market has looked “extremely healthy” while BTC’s latest recovery has occurred. The metric of interest here is the “Open Interest,” which keeps track of the total amount of derivatives-based Bitcoin positions that are currently open on all centralized exchanges. Related Reading: XRP Forms On-Chain Signal That Led To 16% Crash Last Time When the value of this indicator goes up, it means that the investors are opening up more positions on the market right now. Generally, the total leverage in the market rises when such a trend takes place, so the price of the asset could end up turning more volatile following it. On the other hand, a decline in the metric suggests users are either closing up their positions of their own volition or getting forcibly liquidated by their platform. The cryptocurrency may behave in a more stable manner following such a decrease. Now, here here is a chart that shows the trend in the Bitcoin Open Interest over the past few years: The value of the metric seems to have been going down in recent days | Source: @jvs_btc on X In the graph, the Open Interest is displayed as a percentage of the asset’s market cap (that is, the total valuation of the entire BTC circulating supply at the current spot price). It would appear that the indicator has registered a drawdown recently and has slipped under the 2% mark. This would suggest that the positions on the derivatives market now make up for less than 2% of the market cap. From the chart, it’s visible that the metric had earlier spiked to a high as the coin’s rally towards a new all-time high had taken place. Interestingly, the market cap was rapidly going up in this rally, but this ratio was still trending up, implying that speculation had been growing at a rate faster than the price. This may have been a sign that the derivatives side was starting to become overheated. In the drawdown that had followed the price top, the investors had started getting liquidated, leading to the ratio registering a decline. Related Reading: Crypto Analyst Says Cardano Ready For A Parabolic Bull Run, Heres Why The most recent price drop had helped reset the market further, bringing the ratio down to levels not seen since February. Bitcoin has been mounting a recovery effort in the past few days, but so far, the derivatives market has remained cool. “Hard to be bearish here,” says the analyst. It now remains to be seen if the health of the market would continue to look optimistic in the coming days, thus potentially allowing for the recovery to go a step further. BTC Price Bitcoin had returned back above $65,500 earlier, but the asset has since seen a small pullback as it’s now down to $64,100. Looks like the price of the asset has been heading up over the last few days | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, Glassnode.com, chart from TradingView.com

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Bitcoin (BTC) Price Analysis: Analyst Predicts BTC to Hold $67K for Continued Bullish Trend

According to the renowned crypto analyst Rekt Capital, the current behavior of Bitcoin’s price is giving knives, pointing out that the recent price rebound of the cryptocurrency seemed to be taking the shape of another local top, the same of which he painted in a blue square on his analysis charts. The observation aligns with […]

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How High Can Bitcoin Go Before A Top? Analyst Chimes In

An analyst has explained how the Bitcoin rally could still have room to run before hitting a top based on the data of this indicator. Bitcoin Macro Oscillator Isn’t At Historical Top Zone Yet In a new post on X, analyst Willy Woo has discussed the recent trend developing in the Bitcoin Macro Oscillator (BMO). This indicator combines four different metrics to provide an oscillating value around the zero mark. The indicators in question are the market Value to Realized Value (MVRV) ratio, Volume-Weighted Average Price (VWAP) ratio, Cumulative Value-Days Destroyed (CVDD) ratio, and Sharpe ratio. Related Reading: Is Mt. Gox A Worry For Bitcoin? Crypto Analyst Weighs In The chart below shows how the oscillator based on these metrics has fluctuated in value over the past few Bitcoin cycles. From the graph, it’s visible that tops in the cryptocurrency’s price have historically coincided with the metric reaching relatively high levels. More particularly, the 2013 and 2021 tops occurred when the indicator breached the 1.8 level, while the 2017 peak occurred when the oscillator hit 2.4. So far, in the current rally, the oscillator has achieved a peak value of 1.2. This high coincided with the asset’s all-time high (ATH) price, which continues to be the top of the run thus far. When considering the historical precedent, though, this value doesn’t seem to be high enough for the top to have been cyclical. As the coin’s price has consolidated since this high, the oscillator has cooled off, now hitting just 0.69. Thus, the asset has gained more distance from the zone where tops have occurred in the past. “This 2.5 months of consolidation under bullish demand has been very good for Bitcoin; it means the price has more room to run before topping out,” notes Woo. The analyst suggests that BTC could now have 2 to 3 levels of the BMO to climb before reaching the macro top. Woo has also pointed out a potential positive sign brewing for Bitcoin regarding its net capital flows. Below is a chart showing this metric’s trend over the last few years. As displayed in the graph, net capital flows into Bitcoin were quite high during the surge toward the price ATH, but money stopped flowing in as the asset fell into sideways movement. Related Reading: Ethereum Deposits At 4-Month High: Whales Preparing For Selloff? During May, though, the net flows have finally reversed the trend, as they have been on the rise once more. This fresh demand can naturally be bullish for the cryptocurrency’s value. BTC Price Bitcoin surged above the $70,500 level earlier, but the coin has since slumped back down, trading around $67,800. Featured image from Dall-E, woocharts.com, chart from TradingView.com

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Bitcoin Bargains: Expert Reveals Ideal Buy Zones For Maximum Gain

As Bitcoin navigates through a period of consolidation, the assets price movements are being monitored for optimal entry points. Michaël van de Poppe, a renowned crypto analyst, has recently shared valuable insights into Bitcoins current market status and potential for future movement. According to van de Poppe, Bitcoin aims to stabilize within a particular price [...]

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Analyst Says Only A Matter Of Time Before Bitcoin Flies Past ATH

An analyst explained how Bitcoins availability for trading has quietly declined during the assets recent consolidation phase. Bitcoin May Be In A Good Position To Set New All-Time Highs In a new post on X, analyst Willy Woo discusses the recent trend in the Bitcoin inventory sitting on centralized exchange platforms. Related Reading The chart [...]

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Analyst Says $71,000 Bitcoin Move Is Only Halfway Through, Heres Why

An analyst has explained how the current Bitcoin surge appears to have hit the halfway completion mark if this indicator is to go by. Bitcoin VWAP Oscillator Suggests BTC Rally Only Halfway Done In a new post on X, analyst Willy Woo has posted an update for how the Bitcoin Volume Weighted Average Price (VWAP) Oscillator is looking like after the latest rally. The VWAP is an indicator that, as its full form suggests, calculates an average price for the cryptocurrency based on not just the changes in the price over the day but also the volume that was traded at these prices. Related Reading: Litecoin Whales Go On $230 Million Buying Spree: Will This Change LTCs Stars? Normally, this volume is measured using the spot volume data provided by centralized exchanges. Still, in the case of Bitcoin, the blockchain is available for anyone to explore, so on-chain volume is used to calculate the VWAP instead. The VWAP Oscillator, which is the actual metric of interest here, takes the ratio between the cryptocurrency’s spot price and the VWAP and represents it as an oscillator around zero. Earlier in the month, Woo had pointed out how the Bitcoin VWAP Oscillator was forming a bullish divergence for the asset. As is visible in the chart, the Bitcoin VWAP Oscillator climbed up inside the negative territory after forming an apparent bottom back then. At the same time, the cryptocurrency’s price had been heading down instead. In the past, such a setup has proven to be bullish for the coin, and the resulting bullish momentum usually lasts until the VWAP Oscillator tops out in positive territory. As such, the analyst remarked that the coin had a lot of room to run back then. Since then, the price has experienced a recovery rally, potentially suggesting that the bullish divergence may be paying off. As Woo pointed out, the indicator has returned to the neutral mark after this run. Based on the fact that tops in the past have occurred after the metric peaks in the positive territory and based on the scale of these peaks usually, the analyst concludes, “this Bitcoin move is now at the halfway mark.” Related Reading: Bulls In Control: Ethereum Longs See Biggest Candle Ever After ETF News As for how things could play out next, the analyst says, Consolidation under all-time-high needs to happen for a little, then we see if the second leg gives us escape velocity to new highs which will open up the flood gates. Woo has also shared a “risk signal” for Bitcoin, which shows where the asset is when looking at the bigger picture. BTC may be in that part of the cycle where risk begins to drive up as price reacts violently to capital inflows. “That’s where most of the fast gains happen,” notes the analyst. BTC Price Bitcoin had recovered above $71,000 earlier in the day, but the asset appears to have seen a pullback since then, as it’s now back below $70,000. Featured image from Shutterstock.com, woocharts.com, chart from TradingView.com

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Bitcoin Profit-Taking Has Completed, Top Analyst Reveals

An analyst has explained how profit-taking looks to have finished for Bitcoin in what has been a “very healthy reset” for the market. Bitcoin SOPR Suggests Profit-Taking From Investors Has Cooled Off In a new post on X, analyst Willy Woo has discussed about the latest trend occurring in the Bitcoin Spent Output Profit Ratio (SOPR). The SOPR is an on-chain indicator that basically tells us about whether the Bitcoin investors as a whole are selling their coins at a profit or loss right now. When the value of this metric is greater than 1, it means that the average holder in the sector could be assumed to be moving coins at some net profit currently. On the other hand, the indicator being negative implies loss realization is the dominant mode of selling in the market. Related Reading: Chainlink Becomes Crypto Winner With 21% Rally: Whats Driving This? Naturally, the SOPR being exactly equal to 1 suggests the total profits being realized are exactly equal to the losses at the moment and thus, the investors are just breaking-even on their selling. Now, here is a chart that shows the trend in the Bitcoin SOPR over the last few years: The value of the metric seems to have been neutral in recent days | Source: @woonomic on X As is visible in the above graph, the Bitcoin SOPR had spiked to highly positive levels earlier when the cryptocurrency’s price had observed its rally towards a new all-time high (ATH). This would suggest that the investors had been participating in some aggressive profit-taking during this run. From the chart, it’s visible that such a trend was also observed around the start of the 2021 bull run. With the consolidation, the asset has gone through since the ATH, the indicator’s value has also seen a cooldown. As Woo has highlighted in the chart, the metric has now approached the neutral mark. It would appear that two months after the profit-taking peaked, the appetite for harvesting gains has potentially finally disappeared among the investors. The analyst says this is a very healthy reset for the cryptocurrency, especially as the capital inflows have once again been picking up for the coin. Looks like the indicator has gone through a turnaround recently | Source: @woonomic From the chart, it’s apparent that the Bitcoin network flows had been following an overall downward trajectory earlier when the consolidation was taking place, but recently, capital injections into the coin have once again been on the rise. Related Reading: Bitcoin Still Has A Lot Of Room To Run Before Reversal, Says Top Analyst This is a similar trend to what was observed earlier in the year during the crash following the approval of the spot exchange-traded funds (ETFs). The turnabout in capital inflows back then was what led into the rally that took the cryptocurrency to the current ATH. BTC Price Bitcoin had seen a pullback under $66,000 yesterday, raising worries that the recovery surge had already fizzled out. This drop only lasted briefly, though, as the coin has returned above $67,000 today. The price of the asset appears to have been consolidating sideways over the last few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, woocharts.com, chart from TradingView.com

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Bitcoin Price Analysis: Bitcoin Surges by 10% in a Week, Analyst Eyes $75K Target

Bitcoin is witnessing a significant surge in value, marking an uptrend turn after a period of relative stability. The price of the leading cryptocurrency has been consolidating for weeks, but recently, it started going. During the last week, Bitcoin surged by almost 10% in price, and in the last month, it gained around 9%. According […]

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