• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Surpasses $63,000, Demonstrating Bullish Market Confidence

user avatar

by Giorgi Kostiuk

7 months ago


  1. Current Bitcoin Value
  2. Technical Analysis
  3. Derivatives and Liquidation Data

  4. Bitcoin has reached a new level by surpassing the $63,000 mark. It is currently trading at $63,697 with a modest gain of 0.10%. This is a significant achievement that keeps the bulls in charge on the market.

    Current Bitcoin Value

    The rise can be attributed to an upcoming interest rate cut. Breaking through the $63,000 resistance level is a major event. Simple Moving Averages (SMA) for 50, 100, and 200 periods are at $61,086, $60,441, and $59,726 respectively, indicating that Bitcoin is trading well above these averages. This is a clear signal of a strong bullish trend.

    Technical Analysis

    The Moving Average Convergence Divergence (MACD) is also indicating bullish vibes. The MACD line sits at 286.88, the signal line at 376.89, and the histogram is at 663.77, illustrating a significant gap between the MACD and signal lines. The Relative Strength Index (RSI) is at 80.08, indicating that the asset is overbought. Although typically an RSI above 70 would suggest a potential pullback, in this strong bullish scenario, it may not lead to an immediate drop.

    Derivatives and Liquidation Data

    The total volume of Bitcoin derivatives trading has increased by 33.31%, reaching $72.79 billion. A spike in trading volume usually indicates more market participants driven by bullish signals. The total volume of open interest in derivatives contracts has risen by 7.20% to $34.17 billion. Options market activity has also surged with options volume jumping 120.74% to $2.97 billion. However, open interest in options slightly decreased by 0.89% to $23.41 billion. Liquidation data shows that many traders betting against Bitcoin have faced losses, with $39.87 million worth of positions liquidated. Of this, $7.14 million were long positions and $32.74 million were short positions.

    Overall, the current data indicates strong bullish control over the Bitcoin market. Those betting against the rise are likely to face financial losses.

0

Share

Other news

BlackRock Expands Bitcoin ETP Operations in Europe with FCA Approval

BlackRock receives UK FCA approval for Bitcoin ETP operations, strengthening its position in the European crypto industry.

user avatarGiorgi Kostiuk

4 minutes ago

Eric Trump on the Future of Cryptocurrencies and Their Role in Finance

Eric Trump highlighted the significance of cryptocurrencies in finance, sparking a wide-ranging industry response.

user avatarGiorgi Kostiuk

14 minutes ago

Crypto Community's April Fools’ 2025 Highlights: Greenland and SBF Jokes

Crypto enthusiasts celebrated April Fools’ with pranks of Greenland purchase rumors and Sam Bankman-Fried's supposed keynote.

user avatarGiorgi Kostiuk

15 minutes ago

Troller Cat: A New Chance After Missing Fartcoin

Explore the new crypto project Troller Cat after missing out on Fartcoin. Discover its potential for success.

user avatarGiorgi Kostiuk

15 minutes ago

Arctic Pablo Coin: A Meme Coin's Path to Success

Arctic Pablo Coin stands out with unique features and rising interest, poised to become a significant player in the meme coin arena.

user avatarGiorgi Kostiuk

24 minutes ago

The Future of Cardano, Dogecoin, and BlockDAG: Forecasts and Achievements

Price analysis for Cardano, Dogecoin formation, BlockDAG innovations: a brief overview for 2025 and beyond.

user avatarGiorgi Kostiuk

25 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.