NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.
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Bitcoin’s investor sentiment is in ruins, but buried inside the wreckage, a technical signal that has appeared only at the most consequential turning points in Bitcoin’s history has just fired again. This technical argument, which is built around Bitcoin’s Relative Strength Index, is because the indicator has fallen to its lowest daily reading in four years, a level last seen near...
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Morgan Stanley’s head of digital asset strategy, Amy Oldenberg, said Bitcoin reaching $1 million is possible over time, while cautioning that a move of that scale would likely require either a long adoption cycle or a major dislocation in traditional markets. Speaking with Natalie Brunell on Coin Stories, Oldenberg framed the next phase of Bitcoin adoption less as a sudden “J curve” and more as...
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The Ethereum price decline seems to have opened up the opportunity for fast accumulation among investors over the last week. This comes as data shows a significant amount of the cryptocurrency actually being moved out of the wallets of centralized exchanges. Historically, a move like this has pointed to investor buying rather than selling, suggesting that investors are taking advantage of the...
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On-chain data reveals Cardano has observed increased transactions involving dormant coins recently, suggesting that the price decline has caused long-term holders to become active again. Cardano Has Seen Spikes In Age Consumed Recently As pointed out by on-chain analytics firm Santiment in an X post, large dormant Cardano wallets have lately been on the move. The indicator of relevance here is...
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On-chain data shows the Bitcoin PnL Index is currently in a transition phase that has historically led into bottoms, but not immediately. Bitcoin PnL Index Has Been Going Down Recently In a new post on X, community analyst Maartunn has talked the latest trend in the Bitcoin PnL Index, which combines the data of a few key on-chain metrics into one to produce a single valuation indicator for BTC....
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About 16 million ADA left exchanges for self-custody wallets in a single 24-hour window, according to Coinglass spot flow data — a shift that points to quiet Cardano accumulation while prices remain under pressure. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up Cardano: Big Move Off Exchanges Coinglass data shows that Cardano spot inflows over that period came in at $30...
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XRP price started a downside correction below the $1.150 zone. The price is now showing bearish signs and might decline further below $1.080. XRP price started a downside correction after it failed to stay above the $1.1550 zone. The price is now trading below $1.1350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.120 on the hourly chart of...
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Bitcoin is showing renewed signs of on-chain capitulation, according to Axel Adler Jr.’s latest Adler AM Bitcoin Morning Brief, as realized capitalization contracts and loss-taking sales dominate market activity. The setup matters because two independent measures: Realized Cap Net Position 30D Change and adjusted SOPR are now pointing to the same stress regime. In the June 10 brief, Adler said...
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Bitcoin is struggling below $62,000 as selling pressure and fear continue to define the market environment. The uncertainty is real — but top analyst Woominkyu has published an on-chain analysis that reveals what was actually happening during the most intense phase of the decline. And the picture it paints looks considerably different from the panic narrative that dominated market commentary at...
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Ethereum price started a downside correction below $1,665. ETH must clear the $1,650 and $1,720 resistance levels to continue higher. Ethereum started a downside correction below the $1,650 zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair...