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Bitcoin is bouncing back, and despite the risk of a pre-halving dip, BTC price action is on track for upside, Filbfilb says. Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says. In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his current thoughts on BTC price action. Filbfilb: Bitcoin has given "strong indicator" of bear market breakout Bitcoin has well and truly cemented its exit from a sub-$30,000 trading range, which characterized the market for much of 2023, Filbfilb believes. Having overcome a multitude of resistance levels, the question for Bitcoin bulls now is how price action will turn out into the halving. Due in April 2024, less than five months remains until the event, and Filbfilb argues that a “ reasonable ” bullish target could lie at just below the $50,000 mark. This echoes assumptions from his previous interview in early September, when ...

TON's price risks a carrection in the short term as it nears a confluence of historically strong resistance zones. Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever.  Telegram CEO buys $200K of TON On Nov. 6, Telegram announced Giveaways, a feature that enables channel owners to randomly distribute prizes among their followers. A day later, Pavel Durov, the CEO of Telegram, used $200,000 worth of TON tokens to pay for Telegram Premium subscriptions for 10,000 Telegram users. Pavel Durov's announcement of Toncoin giveaways. Source: Du Rove's Channel Notably, Durov used TON as a payment method within the Giveaways feature, at least for this specific case.  TON's price has rallied 19.5% since the Give...

Bitcoin faces 2023 resistance levels next after the weekly close sees a 3% BTC price push. Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly close above $30,000 since the summer, going on to tackle levels closer to key long-term resistance. This included the 2023 high, currently at $31,800. “Bitcoin is back at key resistance for the third time in 6 months,” popular trader Jelle responded in one of the day’s X posts. “Time to be cautious, but I don't think you want to be bearish here just because we're reaching resistance. The level will eventually give in -- and the move will be explosive. Tick... Tock…” BTC/USD annotated chart. Source: Jelle/X Analyst Matthew Hyland...

Bitcoin is being treated with suspicion on short timeframes, with repeated pushes into resistance met with rejection. Bitcoin (BTC) eased volatility into Oct. 6 as BTC price downside preparations returned. BTC/USD 1-hour chart. Source: TradingView Bitcoin keeps liquidations limited amid long, sh "squeeze" Data from Cointelegraph Markets Pro and TradingView covered a flatter 24 hours for BTC/USD after a failed retest of $28,000. After lingering in a narrow range around 1.5% lower, the largest cryptocurrency was again pushing toward the $28,000 mark ahead of the Wall Street open, yet fielded fresh concerns from market participants over potential losses to come. $BTC / $USD - Update I remain just in my long from $26,000 for now, but will be closing that and entering a short if we lose $27,200 support below us. Alerts are set and i am on standby pic.twitter.com/mcS9Zcp5zN — Crypto Tony (@CryptoTony__) October 6, 2023 Popular trader Daan Crypto Trades eyed an ongoing tussle be...

Bitcoin spiking above $27,200 amid a big jump in open interest has some analysts asking whether BTC price is being manipulated. Bitcoin's (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sep. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand. The decision to unseal these documents was granted to the U.S. Securities and Exchange Commission (SEC), which had accused Binance of non-cooperation despite previously agreeing to a consent order related to unregistered securities operations and other allegations. BTC futures aggregate open interest, USD (green, left). Source: CoinGlass The open interest spiked to $12.1 billion while Bitcoin's price concurrently increased by 3.4%, the highest point in over two w...

The hype around Terra Classic’s staking service and new token-burning feature is helping fuel the LUNC rally. Terra Classic (LUNC) has outperformed all top-ranking cryptocurrencies so far in September gaining nearly 100% in the past seven days alone. Terra Classic outperforms crypto market The token surged more than 250% month-to-date to reach $0.000594 on Sept. 8, its best level on record. Whereas Bitcoin (BTC) dropped 4% and Ether (ETH) gained only 3.5% in the same period. The profits in the Terra Classic market appeared despite its association with the defunct Terra (LUNA) token, a $40 billion project that collapsed in May. Terra Classic is a rebranded version of the same Terra project and thus has been the subject of skepticism from analysts and investors since its debut. But, traders have ignored such warnings in recent weeks, with a flurry of fundamental catalysts influencing them to purchase LUNC. Staking service A new staking service went live on the Terra Classic chain on Aug...

Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days. Pepecoin (PEPE), once an extremely profitable memecoin , has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months. Pepecoin faces rug pull allegations On Aug. 24, several rogue Pepecoin developers changed the number of signatures required to move tokens from their multi-sig wallet from five-out-of-eight to two-out-of-eight. Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting that they wanted to sell. A segment of market analysts viewed these mov as a hint of an impending "rug pull," raising fears that the PEPE price may crash to zero in 2023.  Another meme coin, another rug pull. Honestly what do you expect when you put your money on these scams?$pepe — Wolf (@IamCryptoWolf) August 26, 2023 Previous "rug pulls...

Rodrigo Seira, special counsel at crypto investment firm Paradigm, has criticized the US SEC for what he considers an unjustified pursuit of crypto exchange Bittrex in its attempts to regulate secondary crypto markets. In a Twitter thread on July 11, Seira expressed his thoughts following Paradigm’s amicus brief filing, which argued that the SEC’s case against Bittrex should be dismissed due to an unreasonable application of the Howey test, a legal framework used to determine whether an investment qualifies as a security. The SEC’s lawsuit against Bittrex is the first of three cases that the SEC has brought in rapid succession against crypto exchanges. Through these actions, the SEC is wrongfully attempting to lay claim over crypto secondary markets . — Rodrigo (@RSSH273) July 10, 2023 Paradigm filed the amicus brief on July 7, claiming that the SEC had overstepped its jurisdiction in its actions against Bittrex. Seira highlighted a previous statement by SEC ...

Bitcoin is proving everything is bullish but BTC price action this week, with network fundamentals and accumulation data in “up only” mode. Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone. After a quiet weekend, BTC price action faces a potential pullback period within its broader bullish trend, traders say. What could be on the menu for the market this week? After a relative period of calm, external triggers are back for risk assets, with a slew of United States macroeconomic data releases combined with multiple speeches from Federal Reserve officials. Add to that some interesting dynamics around U.S. BTC buying now in play, and the recipe for volatility is there. Cointelegraph looks at these factors and more in the weekly rundown of what might move markets in the coming days. Limp $30,000 support gets traders hungry for BTC price dip Bitcoin may have closed the week at just over $30,000, confirmed by data from Cointelegraph Markets ...

An onslaught of Bitcoin ETF applications could help BTC price find long-lasting support at the $30,000 level. The S&P 500 Index (SPX) snapped a five-week winning streak last week but it is still on track to close the first half of the year with stellar gains of nearly 13%. The tech-heavy Nasdaq Composite has done much better as it is up about 29%. Both these indices have been overtaken by Bitcoin (BTC) which has risen nearly 83% year-to-date. Bitcoin’s bullish price action and the recent rush by several firms to apply for a Bitcoin spot exchange-traded fund seem to have attracted institutional investors’ attention. Bloomberg senior ETF analyst Eric Balchunas highlighted on June 26 that the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — witnessed its largest weekly inflow in a year. Daily cryptocurrency market performance. Source: Coin360 Another bullish view was that of LookIntoBitcoin founder Philip Swift who said in his latest research that Bitcoin’s RHODL rati...

Bitcoin will spark "massive" liquidations if it rises to take out ask liquidity around $30,000, the latest BTC price analysis says. Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView BTC price analyst: "Massive" liquidations due at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near $28,500. A key point of resistance from earlier in its current halving cycle, the current trading zone represents a major hurdle for bulls to overcome. Should they manage it, price targets now extend beyond the $30,000 mark. Not an expert on classical chart patterns but if we can fit the current structure in it, that gives a minimum price target of 35000$ for # Bitcoin Also a nice confluence of a break above the high at 32,5K where a lot of stops are sitting to create a possible deviation above … p...

Bitcoin bulls have little to celebrate as BTC price action retraces more hard-won February gains. Bitcoin (BTC) threatened to ditch $23,000 as support on Feb. 25 as an ongoing price correction strengthened into the weekend. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price support inches lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to make a decision on the fate of the $23,000 mark on the day. The pair had lost almost $1,000 on Feb. 24, ending the week in a limp position along with United States equities while the dollar gained. With “out-of-hours” trading now in place until Monday, chances for thinner liquidity to spark more pronounced moves heightened. Analyzing the state of the Binance order book, monitoring resource Material Indicators confirmed the continued existence of a major line of bid support informally known as the “Notorious B.I.D.” and “great wall.” Previously higher up, the owners of the liquidity had moved it lo...