Tag: Bitcoin ATH

Bitcoin News

Massive Bitcoin Short Liquidations Send BTC Above ATH – Trump Win Sets A Bullish Environment

CoinsValue November 6, 2024

Bitcoin surged to new all-time highs during election night, hitting an impressive $75,300 as market excitement reached a fever pitch. This milestone pushed Bitcoin into price discovery, igniting significant liquidations across trading platforms. Data from CryptoQuant reveals an unprecedented surge in short liquidations, surpassing $100 million within a single one-minute candle, marking a historic moment…

View More Massive Bitcoin Short Liquidations Send BTC Above ATH – Trump Win Sets A Bullish Environment
Bitcoin

Bitcoin Faces Fifth Consecutive Rejection At $72,000, Is Another Correction Coming?

CoinsValue November 1, 2024

Ahead of its monthly close, Bitcoin (BTC) has seen another unsuccessful attempt to reclaim the $72,000 resistance as a support level. Despite the drop, some analysts consider the cryptocurrency is still in a strong position for an upcoming breakout, setting the next levels to watch. BTC’s Sweet 16 Party Turns Spooky Bitcoin, the largest cryptocurrency…

View More Bitcoin Faces Fifth Consecutive Rejection At $72,000, Is Another Correction Coming?
Bitcoin News

Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?

CoinsValue November 1, 2024

Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC’s price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement.  However, in the past 24 hours,…

View More Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?
Bitcoin News

Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead

CoinsValue October 31, 2024

Bitcoin has been trading in a tight 4-hour range between $71,300 and $73,300 since Tuesday, setting the stage for a significant move in the coming days. Analysts and investors closely watch this range as BTC inches closer to its all-time high (ATH).  Top analyst Axel Adler recently shared key data from CryptoQuant, noting that trading…

View More Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead
Bitcoin News

Bitcoin Short Positions Face Serious Risk Above $68,500 – Details

CoinsValue October 27, 2024

Bitcoin has experienced a volatile week, with prices oscillating between a local high of $69,500 and a low of $65,000. After weeks of excitement and upward momentum, the market has cooled off, and BTC is currently consolidating below the critical $70,000 level. This consolidation phase is crucial as traders assess the next potential move for…

View More Bitcoin Short Positions Face Serious Risk Above $68,500 – Details
Bitcoin News

53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?

CoinsValue October 22, 2024

After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.  Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours,…

View More 53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?