Bitcoin avoids excess volatility after its trip beyond $68,000, but BTC price analysis warns that sharp moves may be next.
Markets news
Crypto market analysts believe Bitcoin price may see a “corrective move” before a major rally in Q4 2024.
Ethereum’s futures open interest hit a new all-time high, but data shows this feat is usually followed by an ETH price crash.
Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.
Analysts warn that Bitcoin price might not be going “to the moon” all in one go.
Multiple onchain metrics showed a surge in activity as Bitcoin price rallied to $68,000, possibly signaling that the price momentum is sustainable.
BTC’s price reached its highest level since late July, but US dollar strength is starting to undermine Bitcoin bulls’ confidence.
DOGE price staged a double-digit rally over the past week as memecoin traders took new positions, expecting more upside.
Bitcoin short-term holders waste no time in sending coins in profit to exchanges for a mass profit-taking event.
Today’s LTC price surge comes after Canary Capital filed for a spot Litecoin ETF and Bitcoin reached a multimonth high.