Bitcoin Consolidates Below $120K as Exchange Activity Reflects Mixed Market Signals - Overpasses For America

Bitcoin Consolidates Below $120K as Exchange Activity Reflects Mixed Market Signals - Overpasses For America

Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000 recorded earlier this month. While the broader trend remains uncertain, analysts have assessed on-chain activity for signs of the next major move. Recent data from CryptoQuant analysts highlights a divide between retail and institutional behavior across leading exchanges, rais…

Bitcoin due 'massive short squeeze' as BTC dominance bounces to 62% - WorldNL Magazine

Bitcoin exchange order-book liquidity is creating the conditions for a giant short squeeze event as traders bet against BTC price upside. Key points:Bitcoin market participants bet on a fresh short squeeze as liquidity piles into exchange order books around price.Late shorts are on the radar after a trip to punish longs the day prior.Bitcoin is regaining its command of the total crypto market cap.Bitcoin (BTC) bounced from a trip toward $117,000…

BTC dips below $118k as $120k resistance level holds

Key takeaways BTC dips below $118k as altcoins record huge losses. The leading cryptocurrency could drop below the $116k support level if bearish sentiment grows stronger. Bitcoin stagnates around $117k as altcoins bleed The cryptocurrency market has been bearish over the last 24 hours after enjoying a bullish trend over the last couple of days. Bitcoin, the leading cryptocurrency by market cap, is down by less than 1% in the last 24 hours and n…

Bitcoin price prediction: BTC dips below $118k as $120k resistance level holds

Key takeaways BTC dips below $118k as altcoins record huge losses. The leading cryptocurrency could drop below the $116k support level if bearish sentiment grows stronger. Bitcoin stagnates around $117k as altcoins bleed The cryptocurrency market has been bearish over the last 24 hours after enjoying a bullish trend over the last couple of days. Bitcoin, the leading cryptocurrency by market cap, is down by less than 1% in the last 24 hours and …

Bitcoin Consolidation Hints at Potential Bullish Continuation

Bitcoin’s recent consolidation between $117,000 and $120,000 presents a nuanced picture for investors. The pause in momentum, while seemingly uneventful, offers critical insights into the market’s underlying dynamics. The percentage of supply active in the past 180 days (% Supply Active) serves as a reliable indicator of macro turning points. Historically, spikes in this metric have preceded… Source