Bitcoin’s price rejection at $68,500 and the record high use of leverage could be signs that BTC is in for a sharp correction.
Market Analysis news
Bitcoin avoids excess volatility after its trip beyond $68,000, but BTC price analysis warns that sharp moves may be next.
Crypto market analysts believe Bitcoin price may see a “corrective move” before a major rally in Q4 2024.
Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.
Multiple onchain metrics showed a surge in activity as Bitcoin price rallied to $68,000, possibly signaling that the price momentum is sustainable.
DOGE price staged a double-digit rally over the past week as memecoin traders took new positions, expecting more upside.
Today’s LTC price surge comes after Canary Capital filed for a spot Litecoin ETF and Bitcoin reached a multimonth high.
Bitcoin open interest is rising and bulls are eyeing new all-time highs above $75,000 as “Uptober” begins to take shape.
Bitcoin RSI is either on track to deliver a six-figure BTC price next year or “this time is different,” analysis says.
Dogecoin price is up today, fueled by easing Middle East tensions, Kamala Harris’ pledge for crypto regulations and several other reasons.