Monday, May 12, 2025
  • About us
  • Economic Calendar
  • Price Predictions
  • Coins Alerts
  • Crypto Portfolio Tracker
  • Exclusively from Our Partners
Cryptheory
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
Cryptheory
No Result
View All Result

Bitcoin bulls fever: 6-month high broken

by Margharet Tess
March 28, 2025
in Cryptheory News
Reading Time: 3 mins read

Bitcoin bulls have taken the helm, at least for a short time. With a 24-hour plus of over 10 percent, the Bitcoin price has crossed the 24,000 US dollar mark. At press time, the cryptocurrency is trading at $24,704.

The Bitcoin price has thus successfully torn the bullish price targets from last week and is now targeting the resistance area between US$ 24,925 and US$ 25,342. If the breakout continues successfully here, one can cautiously plan a further increase to the area of ​​26,200 US dollars.

Bitcoin course rally: These are the reasons

One of the reasons for this price rally could have been the release of the final US consumer price index on February 15th. It was announced that the US inflation rate fell in January for the seventh month in a row. Consumer prices rose by 6.4 percent compared to January, it was announced yesterday from Washington.

This is the smallest increase since October 2021. Nevertheless, originally the news was not quite as good as expected. Because economists had expected a stronger decline.

The forecasts made by the EU Commission on February 13 are also likely to have contributed to a positive mood. So was known that the eurozone economy did not contract in the fourth quarter of 2022, despite expectations to the contrary. For 2023, higher growth (0.9 percent) than originally thought (0.3 percent) is expected.

Short sellers liquidate positions

How apart data from glass node suggest there was a high level of short position liquidation over the course of the last day. According to the data, over $33 million in bitcoin short positions were liquidated just before the sharp rise.

Short sellers are responsible for the increase in the Bitcoin price.
  • Author
  • Recent Posts
Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
Latest posts by Margharet Tess (see all)
  • What Exchanges Won’t Tell You – Part 2: Staking Scams & Launchpad Lies - May 12, 2025
  • What Exchanges Won’t Tell You: How They’ll Milk You Even in a Bull Market – Part 1 - May 12, 2025
  • Top P2E Erotic Games Where You Don’t Just Play… You Earn (and Maybe Break a Sweat Too) - May 8, 2025
Tags: Bulls

Related Posts

EU Wants to Track Your Crypto Like a Hawk – and They’re Not Even Sorry
Cryptheory News

EU Wants to Track Your Crypto Like a Hawk – and They’re Not Even Sorry

May 9, 2025
Recession Incoming? Experts Can’t Agree If We’re Screwed or Just Slightly F***ed
Cryptheory News

Recession Incoming? Experts Can’t Agree If We’re Screwed or Just Slightly F***ed

May 9, 2025
Bitcoin Gets Freaky: $2.2B Futures Surge and a Whole Lotta Bullish Mojo
Cryptheory News

Bitcoin Gets Freaky: $2.2B Futures Surge and a Whole Lotta Bullish Mojo

May 1, 2025
Bitcoin Supply in Profit Nears That Classic “Euphoria Trigger”
Cryptheory News

Bitcoin Supply in Profit Nears That Classic “Euphoria Trigger”

April 30, 2025
Bitcoin Addresses Activity 2025: Is the Network Still Alive or Just Hungover?
Cryptheory News

Bitcoin Addresses Activity 2025: Is the Network Still Alive or Just Hungover?

April 29, 2025
On-Chain Insights: Bitcoin Fires Up After Tariff Buzz – But Is This Real or Just Another Puff of Smoke?
Cryptheory News

On-Chain Insights: Bitcoin Fires Up After Tariff Buzz – But Is This Real or Just Another Puff of Smoke?

April 28, 2025
2025 On-Chain Trends: Bitcoin Rules the Battlefield — Altcoins? Total Carnage
Cryptheory News

2025 On-Chain Trends: Bitcoin Rules the Battlefield — Altcoins? Total Carnage

April 25, 2025
2025 Q1 Crypto Sh*tshow: Market Crashes, Memecoins Rug, and Bitcoin Flexes
Cryptheory News

2025 Q1 Crypto Sh*tshow: Market Crashes, Memecoins Rug, and Bitcoin Flexes

April 24, 2025
US Dollar Weakness Sparks Bitcoin Optimism – Is Now the Perfect Time to Buy?
Cryptheory News

US Dollar Weakness Sparks Bitcoin Optimism – Is Now the Perfect Time to Buy?

April 16, 2025
Track all markets on TradingView
Score: 0
Game Over
Glassnode Glassnode Glassnode
ADVERTISEMENT

Popular

A Bullish Signal Emerges in the Altcoin Market: Is the Altseason Upon Us?

A Bullish Signal Emerges in the Altcoin Market: Is the Altseason Upon Us?

April 15, 2025
What If Russia Gets Its Way in Ukraine — Will It Impact Bitcoin’s Price?

What If Russia Gets Its Way in Ukraine — Will It Impact Bitcoin’s Price?

April 25, 2025
What is Ethereum Virtual Machine (EVM): Heart of Ethereum

What is Ethereum Virtual Machine (EVM): Heart of Ethereum

April 15, 2025
Ethereum Losing Ground to Solana and Bitcoin – Will the Pectra Upgrade Spark a Comeback?

Ethereum Losing Ground to Solana and Bitcoin – Will the Pectra Upgrade Spark a Comeback?

April 14, 2025
BCH, bitcoin cash

Bitcoin Cash on the Edge: Will BCH Pump or Just Take a Dump?

April 24, 2025
Can the PEPE Meme Coin Hit $0.1 – and When? The Great Green Frog Under Investor Scrutiny (and a Bit of Hope)

Can the PEPE Meme Coin Hit $0.1 – and When? The Great Green Frog Under Investor Scrutiny (and a Bit of Hope)

April 14, 2025
Litecoin Price Analysis: Will LTC Pump or Just Play With Our Emotions Again?

Litecoin Price Analysis: Will LTC Pump or Just Play With Our Emotions Again?

April 22, 2025
Want Real Gains? Screw Bitcoin!

Want Real Gains? Screw Bitcoin!

April 21, 2025
CryptoPunk NFT Sold at a $10M Loss

CryptoPunk NFT Sold at a $10M Loss

April 14, 2025
Capital Will Dilute Into Billions of Cryptocurrencies—And Yes, Some Will Be Born on Mom’s Laptop

Capital Will Dilute Into Billions of Cryptocurrencies—And Yes, Some Will Be Born on Mom’s Laptop

April 24, 2025
ADVERTISEMENT
This website is here for those of you who want to be at the forefront of innovation and new technologies like Bitcoin. But first, we need to tackle the challenges and survive in the unforgiving world of crypto assets. THIS IS CRYPTHEORY!

Follow Us

Guest Post for Free

On our website, you can share your opinions and insights. This feature is reserved for non-promotional articles. We are already working on a system for donations and rewarding every author.

Crypto News

Bitcoin

Ethereum

Altcoins

Cryptocurrency

 

  • Terms Of Use
  • Privacy Policy
  • About us
  • Contact us

© 2024 Cryptheory - F**k the forex, we want gains!

No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions

© 2024 Cryptheory - F**k the forex, we want gains!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.