Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. After months of bullish momentum that pushed the Bitcoin price to an all-time high of over $109,000 earlier this year, analysts are now debating whether that surge marked the official market top. Strengthening this argument, a confluence of technical indicators suggests the market cycle may have already peaked—most notably, the behavior of the Market Value to Real Value (MVRV) Z-Score reinforces this view. MVRV Z-Score Shows Bitcoin Price Has Topped A new technical analysis by crypto analyst Tony Severino, which combines MVRV Z-Score and monthly Relative Strength Index (RSI), is flashing warning signs that Bitcoin‘s market top may already be in. Related Reading Looking at the logarithmic price chart, Bitcoin’s MVRV Z-Score has broken below a long-standing uptrend support line. This pattern is significant, as the Z-Score has always respected the uptrend support lines during bull markets, with similar breaks only emerging after Bitcoin reaches an official market top. Notably, this isn’t the first time Bitcoin has displayed such a trend behavior. Similar support line breaks occurred before BTC’s market peaks during the 2017 and 2021 bull cycles. The bearish argument that Bitcoin may have already reached a price peak is further strengthened by the visual correlation between the Z-Score and Bitcoin’s monthly RSI, which is shown by a black line on the chart. In past cycles, Bitcoin’s RSI fell below 70 twice, indicating fading momentum and weakening price action. Historically, such moves below the 70 level occur shortly after price tops, not before. Source: Tony Severino on X Even more compelling, the RSI-based Moving Average (MA), highlighted by the orange line on the chart, is now curling downwards. This subtle but strong signal has only appeared in past cycles after the market has already topped, serving as a confirmation rather than a prediction. Taken together, these technical indicators and historical trends strongly suggest that Bitcoin’s $109,000 peak may have marked the top of this market cycle. In line with previous post-top bull market behavior, Bitcoin could now be on the verge of entering a prolonged bear market. This bearish outlook is reinforced by recent steep price corrections, reduced investor confidence, and a clear shift in market sentiment toward caution and uncertainty. Bulls Attempt To Reverse Bitcoin Bearish Outlook In another of his most recent analyses of Bitcoin, Severino revealed that bulls appear to be pushing for a price recovery. The analyst acknowledged that his previously dominant bearish narrative of Bitcoin may soon see a significant shift if bulls can sustain momentum into April’s monthly close. Related Reading According to the presented chart, Bitcoin is now testing a key area of interest while simultaneously showing early bullish signs of reversing the bearish crossover on the monthly long-term Moving Average Convergence Divergence (MACD). Adding to the intrigue, the possible formation of a Morning Star candlestick pattern reinforces the possibility of a bullish reversal for Bitcoin. Notably, similar chart setups occurred in 2022 and mid-2023, both of which marked major turning points for Bitcoin’s long-term outlook. If the cryptocurrency manages to close April with a complete Morning Star pattern, it could force a reevaluation of bearish expectations. BTC trading at $88,502 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin Spot ETFs See Massive Drawdown, But Here’s Why a Bull Run Might Be Brewing
Bitcoin has now been seeing a consistent price increase, indicating a resumption in upward momentum. So far, the asset has regained some of its losses from its recent period of correction, with its price now trading above $87,000, closing in on the $90,000 psychological level. At the time of writing, BTC trades at $87,361, surging a 3.4% in the past day. Interestingly, despite the positive price movement, underlying activity in the broader Bitcoin market presents a more complex narrative. While spot price action appears relatively stable, significant outflows have been recorded from Bitcoin spot exchange-traded funds (ETFs), suggesting that institutional flows may not be aligning with the current rally. This contrast has led analysts to examine market dynamics beyond just price, particularly through the lens of on-chain behavior and historical patterns. Bitcoin Spot ETF Outflows Reach Record Levels Amid Steady Price Action Recent analysis from CryptoQuant contributor Darkfost highlights an ongoing trend of capital outflows from spot Bitcoin ETFs. According to the data, over $4.8 billion has exited these products since they reached their cumulative inflow peak. Notably, this marks the largest drawdown since the ETFs were launched, signaling a shift in institutional behavior. However, Bitcoin’s price has shown limited sensitivity to this decline in ETF holdings, maintaining relative stability despite what might otherwise be interpreted as bearish pressure. Darkfost contextualized this by noting that ETF volumes currently represent around 1.5% of the total aggregated trading volume when factoring in both spot and futures markets. This suggests that although the ETF outflows are numerically significant, their overall impact on market structure may be limited due to the broader scale of liquidity available through other instruments. The data imply that short-term fluctuations in ETF holdings may not directly dictate market direction, particularly in periods of strong retail or futures-driven participation. Historical On-Chain Indicators Suggest a Potential Cycle Repeat Another CryptoQuant analyst, BilalHuseynov, examined long-term on-chain indicators and noted similarities between the current cycle and previous market phases. Drawing comparisons between 2018 and 2025, the analyst highlighted how Bitcoin’s recent price movement mirrors the behavior observed at the end of the 2018 bear market. According to the analysis, historical patterns suggest a potential turning point, where bearish sentiment transitions into a longer-term bullish trend. BilalHuseynov wrote: After an extended period in the red zone, Bitcoin is once again approaching a key threshold. The structure of the recovery and sentiment indicators appears aligned with those seen in previous transitions from downturn to uptrend. While the analyst acknowledged that macroeconomic variables and market sentiment can still alter the outcome, the pattern recognition suggests that historical precedent could offer insight into the present market state. Featured image created with DALL-E, Chart from TradingView
Strategy Latest Acquisition: 6,556 BTC Added To Massive Bitcoin Stash For Half A Billion
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Strategy, formerly known as MicroStrategy, the now Bitcoin proxy firm founded by Bitcoin (BTC) bull Michael Saylor, made headlines once again on Monday by acquiring an additional 6,556 BTC, bringing its total BTC holdings to an impressive 538,200 BTC. This latest purchase, amounting to approximately $556 million at an average price of $84,785 per Bitcoin, comes amid increasing market volatility, mainly characterized by BTC’s inability to surpass the $90,000 mark since early March of this year. Strategy’s Bitcoin Holdings Surge Since Saylor first championed Bitcoin as a reserve asset in 2020, the cryptocurrency has surged by approximately 987.94% from January 2020 to April 2025. This reflects the increasing acceptance of Bitcoin in the corporate world but also highlights Saylor’s foresight in recognizing its potential as a store of value. Related Reading In a recent post on X (formerly Twitter), Saylor confirmed that Strategy’s latest acquisition of 6,556 BTC was part of a broader strategy to capitalize on Bitcoin’s growth. With a year-to-date BTC yield of 12.1% in 2025, the company’s commitment to Bitcoin is more than just an investment; it represents a strategic shift in how corporations view digital assets. As of April 20, 2025, Strategy holds its BTC at an aggregate purchase price of around $36.47 billion, with each Bitcoin acquired at approximately $67,766. MSTR Stock Soars 163% In A Year Strategy’s stock, MSTR, trading at $317.20, has seen a modest day-over-day increase of 1.78%. With a total market cap of $84.7 billion and an enterprise value of $94.5 billion, the company’s valuation continues to benefit significantly from its Bitcoin strategy. Notably, as Bitcoin prices have risen, the net asset value (NAV) of its Bitcoin holdings has climbed to $47.03 billion, reflecting a daily increase of $1.19 billion or 2.60%. Strategy’s bet on Bitcoin has also proven to be remarkably lucrative. Over the past year, MSTR stock has risen by approximately 163%, driven largely by the appreciating value of Bitcoin. Related Reading The fact that the Bitcoin method has yielded a total return of 2,400% is even more remarkable. This suggests that the first investments of those who saw the potential in Strategy’s Bitcoin strategy might see a return of over 24 times their initial investment. Nevertheless, as reported by NewsBTC, an accounting rule that requires digital assets to be evaluated at market prices would cause Strategy to record an unrealized loss of $5.9 billion for the first quarter of the year. As part of its aggressive acquisition strategy, which has included nine acquisitions during this period, the business allegedly spent $7.79 billion on Bitcoin in the same quarter. The daily chart shows BTC’s price recovery. Source: BTCUSDT on TradingView.com At the time of writing, BTC trades at $86,900, registering a 3.3% surge in the weekly time frame. Featured image from DALL-E, chart from TradingView.com
Bitcoin Rally Ahead? Analysts Say These Key Indicators Look Bullish
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin (BTC) posted modest gains earlier today, trading above $87,000 for the first time since April 1. Crypto analysts now suggest that BTC may be on the verge of a sustained rally, as several key indicators are flashing bullish signals. Bitcoin Rally Ahead? These Indicators Say Yes According to a CryptoQuant Quicktake post published today, BTC is showing multiple short-term bullish signals, fuelling optimism that a breakout above $90,000 could be imminent. Related Reading In their analysis, CryptoQuant contributor EgyHash highlighted two key indicators that hint at bullish reversal for the apex cryptocurrency. First, the contributor outlined BTC’s Exchange Inflow metric. EgyHash noted that exchange inflows – the amount of BTC being deposited into exchanges – have dropped significantly in recent months. Since peaking at 120,000 in November 2024, the metric has seen a sharp decline, suggesting that holders are choosing not to move their BTC to exchanges, thereby potentially reducing sell pressure. The chart below shows a consistent drop in exchange inflows since November 2024, despite BTC’s price gains in December 2024 and January 2025. As of now, exchange inflows sit around 9,300. Source: CryptoQuant In addition, EgyHash pointed out that Bitcoin’s open interest has surged by $6 billion over the past two weeks. This rise has been accompanied by a positive shift in funding rates, signalling a bullish market outlook. Source: CryptoQuant To explain, a rise in open interest shows that more money is flowing into BTC futures or perpetual contracts, indicating increased trader participation and confidence. Similarly, positive funding rates suggest that long positions – bets on BTC price going up – are dominant, and traders are willing to pay a premium to hold these positions. That said, there is some caution to be considered here. If the BTC derivatives market becomes too leveraged, then it may increase the risk of a sharp price correction due to mass liquidations. BTC Breaks Multi-Month Downtrend In a separate X post, crypto analyst Rekt Capital brought attention to BTC breaking out of a falling wedge pattern on the daily chart. Typically, a breakout from the falling wedge pattern indicates a bullish reversal, hinting that the asset’s price may rise after a period of downward consolidation. Related Reading Simultaneously, BTC’s Relative Strength Index (RSI) is approaching the 60 level, indicating renewed buying strength. That said, if RSI nears 60 but fails to push higher, it could also point to weakening momentum and a potential bull trap. Source: Rekt Capital on X Further, BTC’s futures sentiment index is showing signs of warning as the metric has been on a prolonged decline since February 2025. At press time, BTC trades at $87,386, up 3.4% in the past 24 hours. BTC trades at $87,386 on the daily chart | Source: BTCUSDT on TradingView.com Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Bitcoin Price Continues Higher—Momentum Signals More Room to Run
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is moving higher above the $87,500 zone. BTC is gaining pace and might continue higher above the $88,800 zone in the near term. Bitcoin found support at $85,000 and started a decent upward move. The price is trading above $87,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $87,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $88,800 zone. Bitcoin Price Eyes More Upsides Bitcoin price remained stable above the $84,200 level and started a fresh increase. BTC was able to climb above the $85,500 and $86,200 resistance levels. The bulls were able to pump the price above the $88,000 resistance. It even spiked and tested the $88,800 resistance zone. A high is formed near $88,800 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $86,400 swing low to the $88,800 high. Bitcoin price is now trading above $87,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $87,300 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $88,600 level. The first key resistance is near the $88,800 level. The next key resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,500 resistance level. Any more gains might send the price toward the $92,000 level. Downside Correction In BTC? If Bitcoin fails to rise above the $88,800 resistance zone, it could start a downside correction. Immediate support on the downside is near the $88,000 level. The first major support is near the $87,600 level and the 50% Fib retracement level of the upward move from the $86,400 swing low to the $88,800 high. The next support is now near the $86,800 zone. Any more losses might send the price toward the $86,400 support in the near term. The main support sits at $85,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $88,000, followed by $87,600. Major Resistance Levels – $88,800 and $89,500.
Analyst’s Bitcoin Price Prediction From March Plays Out, Here’s The Rest Of It
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A Bitcoin price prediction made exactly one month ago by popular crypto analyst Doctor Profit on social media platform X has unfolded with interesting accuracy. On March 21, Doctor Profit outlined a detailed price trajectory for Bitcoin, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply. Fast forward to April 21, Bitcoin’s price movements have closely mirrored the analyst’s forecast, lending credibility to the remaining parts of his prediction. How Bitcoin Followed Doctor Profit’s March Forecast Doctor Profit’s analysis is based on Bitcoin’s response to changes in the M2 money supply, which he identified as a misunderstood indicator. He argued that although the market experienced an increase in liquidity starting in February, Bitcoin’s significant bullish rally from September 2024 onwards had already factored in this liquidity expansion, contrary to what most investors had expected. Related Reading Notably, Doctor Profit had previously highlighted a key technical level, the weekly EMA 50, also known as the Golden Line, at approximately $76,000. He expected a bounce from this level, projecting a move to the $87,000 to $88,000 region before another correction. Bitcoin followed this script almost exactly, crashing in the first few days of April before rebounding from around $76,000 on April 9. Now, Bitcoin has rallied back above $87,000, coinciding precisely with Doctor Profit’s prediction. Next Phase: Bitcoin Heading For Support Zone At $70,000 To $74,000 Now that Bitcoin has bounced and is trading above $87,000 again, Doctor Profit’s immediate next target is a potential crash towards $74,000 to $70,000, which is slightly below the highlighted Golden Line. According to the analyst, the market’s behavior at this support zone will be decisive. It is at this zone that the Bitcoin price will reveal its next major directional bias. Related Reading Doctor Profit laid out two clear scenarios based on Bitcoin’s reaction within the $74,000 to $70,000 price range. If Bitcoin experiences only a temporary wick into this range and manages a strong daily or weekly close back above the Golden Line, this would signal a reversal, and it would be prudent to close short positions and begin accumulating long positions. However, if Bitcoin closes below this crucial area, it could trigger a deeper bearish move, leading its price to significantly lower levels, possibly revisiting the $50,000 region under a worst-case Black Swan scenario. Source: Doctor Profit on X Notably, whichever bearish scenario plays out, it is expected to occur by April and likely into early May. Despite the current short-term bearish outlook, Doctor Profit maintained a bullish long-term view. He confidently predicted that the Bitcoin bull run would resume around May or June, eventually driving the price towards new all-time highs in the range of $120,000 to $140,000. At the time of writing, Bitcoin is trading at $87,526, up by 3.28% in the past 24 hours. The bearish outlook towards $74,000 would only be invalidated if Bitcoin successfully closes a weekly candle above the $100,000 level. BTC trading at $87,502 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin Price Still Has A Chance To Clear $90,000 If It Breaks This Level
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Bitcoin price continues to trend low and has failed to reclaim $90,000. The bears have dominated during the last few months, dragging Bitcoin down from above $100,000 to below $80,000, before the bounce to $83,000. Now, these developments have triggered doubts in the minds of investors as to whether the bull run might be over. However, there could still be some hope for the leading cryptocurrency that could see a restart of the bull market. Bitcoin Needs To Properly Clear $86,190 Crypto analyst RLinda on the TradingView website has explained that the Bitcoin price is beginning to show some positive signs after crashing over 20% from its all-time high price. However, even these positive trends are not enough to suggest that there is a break in the downtrend, especially as there are still major levels left for the cryptocurrency to reclaim before a proper breakout can be confirmed. Related Reading The Bitcoin price has shown some strength, especially since reclaiming the $80,000 level. This strength, the analyst said, is being driven by the localized growth in indices, as well as talks and expectations that the Fed might lower interest rates. All of this is coming in the middle of a brutal tariff war being fought between the United States and China that has been the main driver of the crashes that the crypto market has suffered. Source: TradingView With the current recovery, the Bitcoin price is facing a critical level that could determine the next course of action. The main point is the $86,190 resistance, which the cryptocurrency must conquer, especially for bulls looking for confirmation of the recovery. As the crypto analyst explains, the BTC price is now moving beyond the resistance of the descending channel, with consolidation ahead of the $86,190 level. Therefore, if Bitcoin is able to properly clear this resistance, then further increases are on the horizon. Once beaten, the next major resistance then lies at $88,800. This suggests that there is still a long way for bulls to go before even reclaiming the $90,000 level once again. Downside Could Persist For Longer While hope lies above $86,190 for Bitcoin investors, there is still the possibility that the price falls further if the resistance is not cleared. If bears are able to beat back the price, then support levels begin to lie lower and lower. Related Reading From the present levels, the crypto analyst says the first support lies at $83,170. With this point beat, the next major support is below $80,000 at $78,170. This would send it back toward March 2025 lows. “But, regarding 88800 we will have to watch the price reaction,” RLinda said. “A sharp approach with the purpose of primary testing of the level may end in a false breakout and correction.” BTC price pushes above $87,000 | Source: BTCUSD on Tradingview.com Chart from Tradingview.com
Bitcoin Price Breakout In Progress—Momentum Builds Above Resistance
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price is trading above $85,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $85,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $88,000 zone. Bitcoin Price Eyes Steady Increase Bitcoin price remained stable above the $83,200 level and started a fresh increase. BTC was able to climb above the $84,200 and $85,000 resistance levels. There was a break above a connecting bearish trend line with resistance at $85,000 on the hourly chart of the BTC/USD pair. The bulls were able to pump the price above the $86,500 resistance. It even spiked above $87,000. A high is formed near $87,562 and the price might continue to rise unless there is a move below the 23.6% Fib retracement level of the upward move from the $84,007 swing low to the $87,562 high. Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $87,500 level. The first key resistance is near the $88,000 level. Source: BTCUSD on TradingView.com The next key resistance could be $88,800. A close above the $88,800 resistance might send the price further higher. In the stated case, the price could rise and test the $89,500 resistance level. Any more gains might send the price toward the $90,000 level. Downside Correction In BTC? If Bitcoin fails to rise above the $88,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,750 level. The next support is now near the $86,000 zone. Any more losses might send the price toward the $85,750 support or the 50% Fib retracement level of the upward move from the $84,007 swing low to the $87,562 high in the near term. The main support sits at $84,850. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $86,750, followed by $86,000. Major Resistance Levels – $87,500 and $88,000.
Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.
Bitcoin Bull Market Remains Intact Unless This Support Breaks – Analyst
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.
Bitcoin Faces Triple Resistance As Price Rejection Persists
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.
Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even
Bitcoin prices gained by only 0.95% in the past week amidst an intense market consolidation. The premier cryptocurrency is struggling to break out of the $85,000-$86,000 price range following an impressive price rally in the second week of April. However, popular crypto analyst Ali Martinez has identified the major price resistance for the current Bitcoin uptrend. Bitcoin STH Realized Price At $91,000 Presents Major Make-Or-Break Moment In a recent post on X, Martinez states that Bitcoin faces a key resistance level at the $91,275 following a price rebound in early April. Notably, the asset surged by 17.33% after reaching a price low of $75,000 on April 9. However, BTC has since entered a consolidation following this feat, producing no significant price movement in either direction. Over the past week, the crypto market leader moved only between $84,000 to $86,000, forming a tight range-bound market. However, amidst these struggles, Martinez states that Bitcoin short-term holders realized the price lies at $91,275, indicating the pivotal resistance to the recent market resurgence lies ahead. For context, the short-term holders’ realized price is the average price at which new buyers (i.e, new investors of Bitcoin over the past 155 days) acquired their BTC. It is an important technical indicator used to evaluate short-term market sentiment and behavior. When a market price is above the STH realized price, it indicates a bullish momentum as recent buyers are in profit and are likely to hold. In this case, the STH realized price serves as a strong support level, with new market entrants often defending their entry zone. However, when Bitcoin’s price is below the STH realized price as currently seen in the market, the realized price forms a significant psychological price resistance. This is because many short-term holders may choose to exit once the market breaks even, increasing the selling pressure around that zone. Therefore, Bitcoin reclaiming $91,275 is essential to validate a sufficient bullish potential to fuel a complete price reversal. Bitcoin Price Overview At the time of writing, Bitcoin is trading at $84,872, reflecting a price growth of 0.14% in the last day. Meanwhile, the premier cryptocurrency is down by 1.34% on its monthly chart as bearish pressure continues to wane. While a major market resistance lies at $91,000, Bitcoin faces an immediate opposition at the $86,000 price zone, breaking past which could spur a sharp price rise to $91,000. However, a price fall below the support at $84,500 could result in a further price slide to $84,000 with the potential to trade as low as $83,300.