Bitcoin Holds Below $110K as IBCI Suggests Market in Transition Phase
Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000 reached last month. The asset has been consolidating within this band for several weeks, with no clear breakout yet in sight, indicating a moment of uncertainty or possible transition in market direction. A CryptoQuany analyst known as Gaah has offered insights into....
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Bitcoin is currently consolidating around the $110K level after days of selling pressure and heightened uncertainty. The bullish momentum that carried BTC to its recent all-time high of $124,500 has slowed, and the market is now in a corrective phase. Bulls are attempting to defend key support zones, but fading strength suggests that consolidation could […]
Bitcoin (BTC) continues to lose momentum, as the flagship cryptocurrency fell to $103,528 earlier today amid an increasingly uncertain global macroeconomic outlook. Fresh data from Binance suggests that BTC is currently undergoing a critical transition phase within its price cycle. Bitcoin Fall Continues – When Will Bloodbath End? According to a CryptoQuant QuickTake post by contributor Arab Chain, Bitcoin is currently undergoing an important transition phase within its market cycle. The Bitcoin Cycle Phase Score recently entered negative territory, in tandem with a decline in BTC’s....
Bitcoin is facing a pivotal moment as it consolidates just above the $110K level after slipping below the $112K support yesterday. Bulls are attempting to hold this level to avoid further downside and to spark a recovery rally. However, many analysts remain cautious, pointing out that momentum has weakened since Bitcoin’s all-time high just over a week ago, with the market now retracing more than 10%. Related Reading: Bitcoin CEX Netflows Still Green Despite Large Sellers Rotating To Ethereum Top analyst Axel Adler shared critical insights, highlighting that the nearest strong support lies....
Bitcoin (BTC), the pioneering digital currency that has recently seen a notable surge recording 51% in global crypto market capitalization dominance, has now received a fresh analysis from CryptoCon, a seasoned crypto technical analyst hinting at a potential surge in the asset’s price. This projection, shared in a recent post on X (formerly known as Twitter), has caught the attention of many, given its bullish outlook amid the present market landscape. Related Reading: Crypto’s Red Alert: Is War Pushing Bitcoin To $1 Million? Arthur Hayes Weighs In Bitcoin Enters Mid-Cycle Phase Four....
Ethereum is all set to transition to PoS by the third week of September, but most of the promised scalability features would only be available after 2023. The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum 2.0, or Eth2. Ethereum devs gave Sept. 19 as the perpetual date for the merger of the current PoW chain to the PoS chain. The Merge is expected to be deployed on the Goerli testnet in the second week of August. After the successful integration of the Goerli....