Bitcoin News
By Pankaj K
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On-Chain Data Points to Lower Targets. CryptoQuant’s on-chain metrics suggest that Bitcoin could face additional downside risks unless a…
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Market Conditions Mirror Late 2021 Patterns. The analytics firm compared the current setup to late 2021, when Bitcoin experienced a similar…
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Glassnode Sees a Mid-Cycle Correction, Not Capitulation. In contrast to CryptoQuant’s bearish tone, blockchain data firm Glassnode offered a more…
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Gold Rises as Investors Seek Safety. The latest downturn in Bitcoin coincided with a rally in gold prices, as global investors shifted…
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What Traders Should Watch. For now, market watchers are closely monitoring whether Bitcoin can regain the $102,000 level to…
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Bitcoin began Friday’s Asian session under renewed pressure, trading near $101,000 after breaking below a critical support level.
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In its latest weekly report, CryptoQuant highlighted that Bitcoin’s drop below the 365-day moving average of $102,000 marked the loss of a major technical and psychological…
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The firm’s Bull Score Index, which measures overall market strength, has fallen to zero — a reading not seen since June 2022, just before the last prolonged bear market.
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However, if Bitcoin remains unable to reclaim the $100,000–$102,000 zone soon, the next key target could be $72,000 — the level corresponding to deeper historical retracements…
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“Failure to recover above the 365-day moving average quickly could trigger a much larger correction,” the report warned.
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The data shows that fund inflows into Bitcoin investment products have slowed sharply since mid-October, signaling cooling institutional demand.
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The analytics firm compared the current setup to late 2021, when Bitcoin experienced a similar breakdown below its long-term average, triggering a sustained market downturn.
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“The technical picture now mirrors the early stages of the 2022 bear market,” the firm noted, suggesting that history could be repeating.
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However, not all analysts share this gloomy view. While the technical structure has indeed weakened, some believe Bitcoin’s current correction is part of a healthy mid-cycle…
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According to Glassnode, around 71% of Bitcoin’s circulating supply remains in profit, while unrealized losses account for only 3.
The Currency Analytics
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