3 reasons why Bitcoin price could hit $68K in September
Bitcoin’s technical setup and onchain data hint at a short upside recovery in the making. Go to Source
Market Analysis
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QCP Capital Analyzes Market Sentiment Ahead of Fed Chair’s Speech at Jackson Hole
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report … Read more
Bitcoin analysts converge on a breakout in September — But is $86K possible?
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500. Go to Source
Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
Bitcoin’s response to the CPI report was surprisingly muted. Go to Source
Bitcoin Holders Tighten Their Grip, Glassnode’s Latest Report Reveals
The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that, following months of significant distribution pressure, the trend is now shifting back toward accumulation. Report Shows … Read more
Ether whale buys nearly $13M ETH, but ETH still needs to reclaim $2.7K for the next leg up
The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100. Go to Source
Bitcoin bear trap over? BTC price fractal hints at parabolic move next
Bitcoin still faces significant resistance at $62,000, and if it breaks, it would liquidate over $845 million of leveraged shorts. Go to Source
Over $350M Ether set for withdrawal in the next 9 hours. Can ETH price remain above $2.2K?
Ether could see a significant amount of sell pressure unlock at 8:00 p.m., despite ETH fractals pointing at an imminent breakout. Go to Source
Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s … Read more
Nasdaq asks to list options on spot Ethereum ETFs — Filing
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too. Go to Source