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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

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    What does Crypto Index fund Means and How to Invest?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Pre-Register for WAGMI Defense – Play to Earn

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Bitcoin Price Is Only 10% To $70,000 As Exchange Withdrawals Hit 4-Month High

2021-10-22
in Bitcoin
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Bitcoin Price Knocks On $60,000 Amidst Growing Rumors Of BTC Futures ETF Approval By The US SEC
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  • Bitcoin alternate withdrawals hit one other four-month excessive as hypothesis for increased highs grows.
  • BTC holds above the $62,000 speedy help as bulls plan the mission to $70,000.

Bitcoin’s upswing to a brand new all-time excessive triggered large motion throughout the market. Crypto property like Solana have reclaimed ranges not seen in months whereas holding the uptrend unbroken. Ethereum almost closed the space to the all-time excessive, however at the moment, it has retreated to check help at $4,100.

Bitcoin is buying and selling at $63,150 after shedding almost 2% of its worth in 24 hours. The flagship cryptocurrency ascended to a brand new all-time excessive of $67,027, a transfer that elevated investor confidence available in the market. Most analysts imagine Bitcoin has the potential to rise above $70,000 within the close to time period.

Bitcoin Alternate Withdrawals Soar Catalyzing Uptrend

In keeping with Glassnode, one of many main suppliers of on-chain knowledge and metrics, the variety of Bitcoin alternate withdrawals based mostly on a seven-day shifting common has reached a four-month excessive of 1,902.893. Observe that the earlier four-month excessive of 1,902.857 was recorded on October 21, 2021.

Bitcoin Exchange Withdrawals
Bitcoin Alternate Withdrawals

It’s price mentioning that a rise in alternate withdrawals is regarded bullish sign. It infers that buyers are betting on Bitcoin swinging to a better excessive within the close to time period. Furthermore, withdrawals scale back the quantity of overhead stress, thus leaving Bitcoin with a comparatively easy trajectory.

BTC/USD Each day Chart

BTC/USD price chart
BTC/USD value chart by Tradingview

Bitcoin seems to have secured help at $62,000. The pullback from the brand new file highs is to permit extra buyers to get on the bandwagon. One other swing above $67,000 will most probably increase BTC previous $70,000.

The constructive technical outlook is legitimate for each the short-term and the long run. The RSI is at the moment not oversold, leaving bulls will extra room to discover. Then again, the MACD spots a purchase sign, nevertheless it requires warning as a result of it may remodel to a bearish signal if BTC fails to carry above the speedy help.

Bitcoin Worth Intraday Ranges

Spot charge: $63,168

Development: Bullish

Volatility: Excessive

Assist: $62,000

Resistance: $67,000



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