Tag: btc

What Will Trigger a BTC Price Breakout?

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Bitcoin’s (BTC) relief rally to $72,000 appears to be cooling off, but analysts said that the BTC price may “continue rising” in the short term. Key takeaways: Bitcoin must flip the short-term holder realized price at $80,000 into support to confirm the trend change. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price.  Bitcoin must reclaim $80,000 as support Bitcoin’s 8% climb over the last three days to $72,000 saw it reclaim key levels, including the 200-day exponential moving average (EMA) at $68,000, and…

Bitcoin Price Targets $90K as Bulls Buy BTC Aggressively on Binance

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Market analysts say Bitcoin’s (BTC) is building up after its 7% rally above $72,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving macro sentiment.  Key takeaways: BTC price builds a bullish structure after reclaiming $72,000, as a symmetrical triangle breakout targets $90,000. Binance taker buy volume exploded by $2.7 billion in two hours after the US-Iran ceasefire, signaling strong aggressive buying by bulls. BTC price “builds a bullish structure” Bitcoin’s latest rally saw it reclaim key support areas, including the $68,000 zone where the 200-week exponential moving…

Bitcoin Miner Cango Sells 2,000 BTC, Cuts BTC Production Cost by 19%

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Bitcoin mining company Cango said on Wednesday it slashed its Bitcoin production cost to $68,215 per coin, a 19.3% cost reduction compared to the average cash cost of $84,552 per coin reported in the fourth quarter of 2025.  The company attributed the reduction to its shift toward a “lean-production model” that prioritizes margin resilience over raw scale, according to its monthly operational report. Cango said the production cost reduction will help the company weather the volatility of Bitcoin prices. The company sold 2,000 Bitcoin (BTC) in March at an average…

BTC Accumulation Hits 4.37M as Network Activity Sends Mixed Signal

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New data suggests that Bitcoin (BTC) could be moving closer to a bull market phase as its supply slowly shifts back into long-term, retail-investor-linked wallets. The figure surpassed 4 million BTC in Q1 2026. The accumulation trend aligns with a rise in Bitcoin network activity index to levels last seen in April 2025, signaling a return of stronger network activity. Bitcoin long-term wallets expand holdings CryptoQuant data shows that balances held by accumulating address cohorts continued to rise into Q1 2026. The total BTC held by these cohorts has crossed…

Bitcoin ETF Inflows Soar, Will BTC Price Follow?

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Key takeaways: BTC failed to hold $70,000 despite strong ETF inflows as selling by public miners offset recent institutional buying. Options markets reflect high demand for downside protection as a 17% put premium signals cautious sentiment. Bitcoin (BTC) failed to sustain Monday’s $70,000 level despite $471 million in net inflows into US-listed spot exchange-traded funds (ETFs). The market’s initial excitement faded following reports that multiple US and Israeli aircraft and equipment were destroyed during a military operation in Iran over the weekend. Since the S&P 500 remained relatively flat between…

Bitcoin May Hit $110K as Strategy Absorbs Nearly 3x New BTC Supply

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Bitcoin (BTC) is trading within a bear flag pattern that projects a breakdown toward the sub-$50,000 area, or roughly 30% below current levels. However, Michael Saylor’s Strategy could spoil the bears’ plans. BTC/USD three-day price chart. Source: TradingView Key takeaways: Bitcoin has avoided a bear flag breakdown for weeks as Strategy keeps buying BTC. The setup now resembles Bitcoin’s 2018 bottom, when a bearish pattern failed and triggered a reversal. Can Strategy’s BTC buying offset weak technicals? Normally, a bear flag remains a bearish continuation pattern because there is not…

Bitcoin Profit Takers Keep BTC Price Action Away From $70,000 Reclaim

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Bitcoin found familiar resistance as it crossed the $70,000 mark to hit new April highs, with analysis blaming “profit-taking pressure.” Bitcoin (BTC) coiled below $70,000 at Monday’s Wall Street open as analysis blamed profit taking for price inertia. Key points: Bitcoin and stocks wobble as the US trading session begins amid nerves over the US-Iran war outcome. Profit taking activity is keeping BTC price action away from a $70,000 reclaim, says research. A Trader says $71,000 will act as fuel for a surge $10,000 higher. BTC price meets “profit-taking pressure”…

Jack Dorsey’s Block launches Bitcoin Day event, offering $1M in BTC rewards

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Cash App, Square, and Bitkey, all part of Jack Dorsey’s Block, are kicking off Bitcoin Day, a $1 million Bitcoin giveaway encouraging users to buy, spend, and self-custody the digital asset through their platforms. The campaign, teased last Friday, runs from April 6 through April 10 but it will close early if $1 million in Bitcoin is fully claimed, as noted by the team. The event promises instant bonuses for users who perform at least one of three actions: buying Bitcoin on Cash App, spending Bitcoin at participating Square merchants,…

Strategy resumes Bitcoin purchase, adding $330M in BTC

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Strategy added 4,871 Bitcoin for about $330 million in the first week of April, restarting acquisitions after a brief pause and bringing its total stash to approximately $767,000 BTC. At a Bitcoin price of $69,430, the company’s holdings total approximately $53 billion, with unrealized losses near $5 billion. Strategy has acquired 4,871 BTC for ~$329.9 million at ~$67,718 per bitcoin. As of 4/5/2026, we hold 766,970 $BTC acquired for ~$58.02 billion at ~$75,644 per bitcoin. $MSTR $STRChttps://t.co/NcJj3FXYkg — Strategy (@Strategy) April 6, 2026 ATM activity across two reporting windows The…

Price Predictions for BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK

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Key points: Buyers are attempting to maintain BTC above the $66,500 level, but several analysts believe that the $60,000 level may crack. Some major altcoins risk breaking below their immediate support levels, signaling that bears remain in control. Buyers are attempting to push and maintain Bitcoin (BTC) above the $66,500 level, but are facing stiff resistance from the bears. Although recovery attempts are being sold into, the BTC supply in profit and loss metric suggests that BTC may be close to a bottom. CryptoQuant analyst “Darkfost” said that there are…