Bitcoin (BTC) has encountered resistance near the $58,375 weekly level during the past few days, trying to break and hovering just above it at $58,865 at the time of writing on Wednesday.
Bitcoin price struggles around $58,000 despite investors quietly accumulating Bitcoin has encountered resistance near the $58,375 weekly level during the past few days, trying to break and hovering just above it at $58,865 at the time of writing on Wednesday. Concurrently, on-chain data reveals quiet BTC accumulation, alongside a notable outflow of 35,486 BTC from exchanges on June 5 and 6, marking BitMEX's second-largest outflow in history. In addition, Bitcoin spot ETFs received $216.
Technical analysis also indicates a bullish divergence on a momentum indicator, suggesting a potential rally ahead. Dogecoin, Shiba Inu could extend gains as selling pressure declines, investors accumulate DOGE and SHIB Dogecoin , and Shiba Inu extend their gains on Wednesday as the selling pressure on the meme coins reduced. Data from the on-chain intelligence tracker IntoTheBlock shows that less than 50% of wallet addresses holding these meme coins are currently profitable.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cryptocurrencies Price Prediction: Bitcoin, TON & Dogecoin– European Wrap 28 JuneBitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.
Read more »
Cryptocurrencies Price Prediction: Bitcoin, Meme coins & CryptoBitcoin (BTC) encountered resistance near the $62,000 mark on Wednesday and declined 1.5% to trade around $60,777 in Thursday’s European session.
Read more »
Cryptocurrencies Price Prediction: NEO, Bitcoin & Crypto – European Wrap 26 JuneNEO/ U.S. dollar (NEOUSD) Trading Strategy: Wave Y declines, which is the last wave in the double corrective pattern before prices re-enter the uptrend.
Read more »
Cryptocurrencies Price Prediction: Ripple, Bitcoin & AaveRipple’s price (XRP) struggles to hold above $0.48 on Tuesday and seems ready to extend its recent decline.
Read more »
Cryptocurrencies Price Prediction: Ethereum, Bitcoin & BinanceMt.Gox, a defunct cryptocurrency exchange platform, was exploited in 2014.
Read more »
Cryptocurrencies Price Prediction: Ripple, Bitcoin & CryptoRipple (XRP) price battles to hold above $0.47 on Monday as proponent attorney Bill Morgan criticized Bitcoin maximalist Michael Saylor for his take on the altcoin.
Read more »