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Bitcoin ETF approvals may have key timing as the Ichimoku Cloud demands BTC price keep climbing into 2024. Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is "most conservative level" Bitcoin is in a rare position on weekly timeframes when it comes to Ichimoku Cloud signals. As Cointelegraph reported, the indicator, which combines past, present and future trading cues, suggests that the BTC price gains have only just begun. In a post on X (formerly Twitter) on Nov. 27, CryptoCon was able to deliver a specific target for what could happen next. Ichimoku’s leading spans have crossed, leading to the formation of a new upside cloud. With the lagging span, Chikou, breaking out of resistance, price should now logically head higher. “The Weekly Ichimoku cloud ca...

Bitcoin drops $1,000 in just one hour as a cascade of liquidations greets late Bitcoin long positions. Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multi-day lows. BTC/USD 1-hour chart. Source: TradingView BTC price sheds $1,000 in an hour Data from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, which fell over $1,000 in a single hourly candle. The largest cryptocurrency found support at the $35,000 mark, this forming a springboard for a recovery to press time levels of around $35,600. The volatility came hours after what at first looked like a positive news event for Bitcoin and crypto — United States inflation slowing beyond expectations. At the same time, however, analysts noted that beyond smaller retail investors, there was little appetite for buying BTC at prior levels around 18-month highs. $BTC once again spot buying on long liquidations & deleveraging overall though still want to ...

The stars are lining up for Bitcoin price, but a few major price threats remain in play. Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount.  For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve. Despite the positive indicators, Bitcoin price still remains around 50% below its all-time high of $69,900 which was hit in November 2021. In contrast, gold is trading just 4.3% below its $2,070 level from March 2022. This stark difference diminishes the significance of Bitcoin's year-to-date gains of 108% and highlights the fact that Bitcoin's adoption as an alternative hedge is still in its early stages. Before deciding whether the improvement in Bitcoin futures premium, open interest and the G...

Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows. Bitcoin (BTC) exchange s have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as time goes by, interest in transacting appears to be fading. CryptoQuant data, which tracks activity on both spot and derivatives exchange s, highlights the extent to which volume s have decreased since BTC/USD entered its current range in March. The past week saw between 8,000 and 15,000 daily spot exchange transactions — a fraction of the standard March daily tally, which exceeded 600,000. For contributing analyst Caue Oliveira, a principal force behind th...

In uncertain times, crypto investors need sources of information they can trust. This social trading platform offers just that. The turbulence in the crypto markets has led to great uncertainty for investors. Unsubstantiated rumors run amok on Twitter — causing panic. Just recently, seemingly credible accounts warned that Mt. Gox was about to dump 140,000 BTC on the market… even though payouts could be many weeks away. Rampant disinformation and conflicting reports mean crypto enthusiasts often don't know where to turn for intelligence they can trust. But one platform says it's got the answer: Connecting experienced traders with newcomers looking for guidance. ICONOMI allows seasoned professionals to create a crypto strategy and share it with others. From here, they have a stake in their own success — meaning they're in the same boat as the people following their tactics and copying their moves. This can be appealing for many reasons. Firstly, having a connection to top ...

Bitcoin has plenty of resistance levels to deal with as CPI begins a major macro week for risk asset markets. Bitcoin (BTC) returned above $26,000 on June 13 as analysts eyed resistance overhead.  BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin price inches between trend lines Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $26,000 support after the daily close. The pair had seen a curiously uneventful start to the week, this despite ongoing fallout from United States legal action and markets preparing for a slew of macroeconomic data releases. Bitcoin thus remained in a narrow range in place since midway through the weekend. “Risky day for any deep trades,” popular trader Crypto Tony wrote in part of the day’s Twitter Analysis , considering upside potential should the support flip occur. $BTC / $USD - Update Risky day for any deep trades, but trying this out if we can flip the current supply zone into support pic.twitter...

Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course? Bitcoin (BTC) remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuit by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the dips rather than panic and dump their holdings. ARK Invest CEO Cathie Wood has been buying the dip in crypto-related stocks since the SEC unleashed its recent crypto regulatory action. First Wood purchased $21 million worth of Coinbase stock on June 6 and followed that up with a purchase of Block Inc. shares worth $19.9 million between June 7 and 8. Daily cryptocurrency market performance. Source: Coin360 The resilience of the cryptocurrency space is supported by a risk on sentiment. The U.S. ...

On-chain data from Glassnode shows market participants averting risk and seeking shelter in stablecoins and BTC as the crypto market nears a decisive move. On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout. Glassnode’s Analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter of 2023 began cooling off in April, with regulatory concerns and a lack of liquidity promoting risk-off tendencies among traders . The report stated that while it might appear that memecoins caused a surge in Uniswap’s trading volume, a closer look at Uniswap’s pools reveals that the majority of volume was for top cryptocurrencies in Wrapped BTC, Ether (ETH) and stablecoins . Moreover, sandwich attacks and bot trading accounted for a significant amount of this tradi...