Bitcoin

According to a market strategist, Bitcoin, the largest cryptocurrency in the world, has finally put an end to its downtrend. The strategist believes that Bitcoin is now potentially heading towards a new price target due to the positive shift in its market value. A well-known crypto analyst known as ‘Rekt Capital’ has informed his large

Crypto analyst Rekt Capital has provided insights into the potential future trajectory of Bitcoin. According to his analysis, Bitcoin may not be ready for its next significant move upwards just yet. Rekt Capital highlighted the importance of establishing $65,000 as a new support level for the cryptocurrency. He emphasized the need for a successful retest

The recent announcement by the German government regarding the sale of all its Bitcoin holdings has created quite a stir in the crypto community. The move was a result of the digital asset seizure from the infamous movie piracy website, movie2k. With approximately 49,858 BTC sold off in just two weeks, the government disclosed proceeds

In a recent forecast presented by Joe Burnett, Senior Product Marketing Manager at Unchained Capital, a compelling argument is made for Bitcoin reaching a valuation of $750,000. Burnett emphasizes the importance of assessing Bitcoin’s potential within the broader context of the global financial ecosystem, pointing out that the market may be overlooking crucial factors in

Bitcoin developer Samson Mow has been a vocal advocate for Bitcoin reaching $1 million in value. He remains unwavering in his conviction that the cryptocurrency will hit this unprecedented price point. Mow recently reiterated his bullish stance and even provided a timeline for when he expects Bitcoin to achieve this milestone. Mow attributes his optimism

JP Morgan, a well-known American multinational finance company, has recently expressed a bullish outlook on the Bitcoin price despite recent bearish trends. The bank has set a timeline for the conclusion of the ongoing BTC liquidations and anticipates a subsequent rebound in the market. According to a research report released by JP Morgan, BTC liquidations

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In a recent analysis of the Bitcoin price, crypto analyst Ali Martinez pointed out the formation of an ascending triangle pattern on the four-hour price chart. This particular chart pattern consists of a horizontal line along swing highs and a rising trendline along swing lows. While ascending triangles are typically seen as continuation patterns where

Semilore Faleti is a notable figure in the world of cryptocurrency journalism, with a specialization in journalism and content creation. His journey in this field started with writing on various subjects but eventually led him to the complexities of blockchains and cryptocurrency. Faleti is passionate about the efficiency of digital assets in terms of storing

In a recent analysis by Jamie Coutts, the chief crypto analyst at Real Vision, a bullish picture for Bitcoin (BTC) has been painted based on a key indicator. Coutts highlighted that Bitcoin’s hash rate decline is slowing, indicating a potential reversal in the near future. This slowing decline typically precedes a bottom and reversal of

The recent Bitcoin price crash back to the $56,000 level has sparked concerns among investors and traders alike. Despite a brief pump triggered by the CPI data release, showing lower-than-expected inflation rates, the bearish trend seems to persist. Crypto analyst ‘Luca VIP’ on TradingView remains skeptical and predicts a further decline in the Bitcoin price.

In recent months, the price of Bitcoin has been a hot topic of debate among market watchers and analysts. With the cryptocurrency hitting an all-time high above $73,000 in March, many are questioning whether Bitcoin has reached its peak for this cycle. However, one crypto analyst, known as ‘CryptoCon,’ has provided a detailed analysis of

Recent data has revealed a significant shift in the relationship between Bitcoin and US stocks. Previously, these assets exhibited a positive correlation, leading to a beneficial impact on the cryptocurrency market. However, according to information from the market intelligence platform IntoTheBlock, Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has now plummeted to -0.78

Bitcoin (BTC) has recently broken above its bearish trendline, signaling a shift in market sentiment and sparking optimism among traders and investors. With a market capitalization exceeding $1.1 trillion and a trading volume of over $24 billion, BTC is currently trading at around $58,119, down by 1.37% in the last 24 hours. Despite the slight

The recent drop in Bitcoin price below $60,000 has caused a stir in the crypto market, with major holders like the German and US governments engaging in rapid selling. This has led to substantial losses in the market, costing billions of dollars. Despite this bearish trend, the majority of Bitcoin investors are still seeing profits.

Bitcoin has seen a significant decrease in price by more than -22% since its peak in mid-March, raising concerns among traders and investors. Jacob Canfield, a trading mentor at Trading Mastery, has conducted a thorough analysis of Bitcoin’s historical pricing trends, pointing to a potential further decline in the cryptocurrency’s value. According to Canfield, Bitcoin

Veteran trader Peter Brandt recently raised concerns about the possibility of Bitcoin dropping to as low as $44,000. He based this prediction on a technical indicator that suggests a bearish outlook for the flagship cryptocurrency. Brandt’s analysis revolves around the concept of a double top, a pattern that typically signals a potential reversal to the

The recent events in the Bitcoin and crypto market have not been as bullish as expected at the beginning of July. With the Spot Ethereum ETFs failing to debut on July 2nd and reports of large tranches of BTC being sold by the US and German governments, the market has faced significant challenges. These events

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Opeyemi is a writer who has found his passion in the world of cryptocurrency. Despite not originally intending to work in the digital asset industry, he has become deeply immersed in it over the past two years. He takes pride in creating content that demystifies blockchain technology and discusses the latest trends in the cryptocurrency

Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. His journey into the world of blockchain and digital assets began with a curiosity for understanding the complexities and intricacies of this emerging technology. What sets Semilore apart is his ability to dissect the nuances of cryptocurrency, making it accessible and

Bitcoin, the leading cryptocurrency in the market, has recently experienced a sudden drop in price, falling below the $54,000 mark on July 5. This event has reignited concerns among investors regarding the inherent volatility associated with the crypto market. In the larger context, Bitcoin has seen a decline of 7% and 20.25% in the past

Market UpdateLast week, the cryptocurrency market experienced notable volatility with significant fluctuations in Bitcoin and Ethereum prices. Bitcoin started strong, testing upper resistance at $62,769 but faced hurdles as it approached $64K, eventually dipping below $60K to close a CME gap. Despite a brief surge, Bitcoin fell to $56,952 influenced by the Mt. Gox distribution

The recent plummet in Bitcoin price has been largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution represents a substantial portion of the total Bitcoin supply, causing market anxiety among investors and analysts. The fear of massive selling by these creditors has led to preemptive selling

Bitcoin has recently experienced a dip below $60,000, causing concern among investors. However, crypto expert Michael van de Poppe believes that there is hope for a rebound. He points to the closure of Bitcoin’s CME gap as a positive sign, suggesting that the cryptocurrency could see a relief bounce from its current price level. Van

The recent crash in the crypto market has led to a state of panic among investors, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, thousands of traders have found themselves in a difficult position, resulting in losses totaling hundreds of millions of dollars in just one day. In the

Bitcoin, despite facing significant bearish trends in the market, has not deterred large investors with holdings exceeding $600,000 from accumulating more BTC over the past six months. According to data from Santiment, these major players holding 10 BTC or more have been consistently increasing their holdings by 1.07% during this period. While this might appear