The Elliot Wave theory has gained popularity among Bitcoin analysts for its ability to provide insights into the potential future direction of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized this theory to make predictions about the Bitcoin price. In their analysis on TradingView, they applied the 5-wave Elliot Wave theory to forecast
Bitcoin
The Bitcoin open interest serves as a crucial indicator of investor sentiment towards the cryptocurrency market. When the metric hits a new all-time high, it can have significant implications for the future of Bitcoin. Recently, the open interest reached a record level, surpassing $39.5 billion, signaling increased interest from traders. While this may seem like
After reaching a high of $73,400 in March 2024, the Bitcoin price has been on a downward trend, staying below its peak for the last four months. Despite this, there is optimism surrounding a potential recovery, with crypto analyst “Melikatrader94” predicting a resurgence to $77,600. The analyst’s thesis is based on bullish chart patterns, particularly
Greetings Verse Community, We are excited to announce the results of our recent brand refresh voting proposal. The community has spoken, and a clear winner has emerged! Proposal Recap In our ongoing effort to make the Verse Ecosystem more inviting, relatable, and inclusive, we proposed a brand refresh. The goal was to modernize our brand elements — trademark,
US Republican Presidential candidate Donald Trump recently made headlines when he addressed the Bitcoin 2024 conference in Nashville on July 27. During his speech, Trump made bold promises to the crypto community, including his plans for the US government’s Bitcoin holdings if elected. He pledged that his administration would enforce a policy requiring the government
Semilore Faleti is a cryptocurrency writer with a specific focus on journalism and content creation. His journey in the field began with a wide range of topics, but he eventually found his niche in unraveling the complexities of blockchains and digital currencies. Faleti is captivated by the efficiency of digital assets in terms of value
The Bitcoin market has been experiencing a hot streak, with the price returning to past highs that investors are familiar with. However, recent on-chain insights suggest that the market may not stay quiet for much longer. Popular crypto analyst Ali Martinez recently revealed that Bitcoin miner capitulation appears to have come to an end. The
Bitcoin mining giant, Marathon Digital, has recently made a bold move by investing a whopping $100 million in BTC. This significant investment comes at a time when Bitcoin has faced price drops, showcasing MARA’s unwavering confidence in the long-term potential of the pioneering cryptocurrency. In a recent press release, Marathon Digital, previously known as MARA,
Market Update The cryptocurrency market experienced notable volatility this week, with significant movements influenced by political events and technical factors. Bitcoin dropped to the $64k range before rebounding above $67K. Ethereum showed weak performance relative to both the dollar and BTC, despite the launch of spot ether ETFs. A Solana-based meme token linked to Democrat
Robert Kennedy Jr.’s unveiling of an ambitious financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee has sparked a conversation about transforming the United States into the world’s largest holder of Bitcoin. With a focus on strategically acquiring Bitcoin to match the current US gold reserves, Kennedy Jr. aims
A recent prediction by a crypto analyst suggests that Bitcoin (BTC) could potentially reach an unprecedented value of $263,000. This bullish surge is based on the observation of a technical chart pattern known as the “Cup with Handle.” However, it is essential to critically analyze the conditions that need to be met for this prediction
Hey Bitcoin.com community! We’ve got some exciting news to share with you. We’re kicking off our initial airdrop of VERSE, the ecosystem token that fuels the Bitcoin.com uniVERSE. Thanks to a community-led proposal, this first airdrop will reward active Ethereum users of the . And guess what? There are more airdrops on the horizon for
Greetings Verse Community, We are excited to bring you another proposal for the Verse Ecosystem. The U.S. Securities and Exchange Commission (SEC) recently approved eight spot exchange-traded funds (ETFs) backed by ETH, Ethereum’s native cryptocurrency. This has accelerated the interest in Ethereum from institutional and retail investors alike. In particular, the interest in ETH Staking
Crypto analyst RLinda has recently made a bold prediction that Bitcoin could potentially reach a new all-time high of $90,000. She cited both fundamental and technical factors that support this optimistic outlook for the flagship cryptocurrency. On the fundamental side, RLinda pointed out that the market is eagerly anticipating the launch of Spot Ethereum ETFs,
The recent surge in the crypto market has brought smiles to the faces of investors, with both Bitcoin and altcoins experiencing significant rallies. Crypto analyst Capo of Crypto has provided a glimmer of hope, suggesting that these tokens are poised for even bigger moves to the upside. In a recent social media post, Capo expressed
Bitcoin (BTC), the world’s leading cryptocurrency, has recently experienced a pullback, with its price heading for the $66,736 level. This dip follows a period of significant bullish activity that had previously pushed BTC’s price above this mark. As the price of the crypto asset approaches this critical level, the key question is whether the bulls
The recent crash in the Bitcoin price has left many investors reeling, with $2,000 being wiped off in just a few minutes. This sudden decline brought the price back below $66,000, causing a ripple effect across the entire crypto market. The main catalyst behind this drastic drop was the unexpected announcement made by US President
Semilore Faleti is a prominent figure in the field of crypto journalism, with a specialization in writing about blockchain technology and cryptocurrency. His journey in this industry started with writing on various subjects before realizing his passion for the complexities of digital assets. Semilore’s background as a content writer allowed him to curate educational articles
Semilore Faleti is not just any cryptocurrency writer – he is a specialist in the field of journalism and content creation, with a particular focus on the complexities of blockchain technology and digital assets. His journey into the world of crypto writing began with a diverse range of subjects, but it was his ability to
Bitcoin has experienced a bullish run in the past week, with its price fluctuating between $61,000 and $67,000. Despite concerns regarding Mt. Gox’s customer repayment, trading data from QCP Capital suggests that Bitcoin may be gearing up for a larger price rally. The premier cryptocurrency has been a hot topic amongst investors, particularly due to
Semilore Faleti is a prominent cryptocurrency writer who has established himself as an expert in the field of journalism and content creation. With a focus on blockchain technology and digital assets, Semilore’s work is known for its depth and clarity in deciphering the complexities of the crypto world. His passion for the efficiency of digital
A well-known crypto analyst, Scott Melker, has made bold predictions regarding the price of Bitcoin, stating that the cryptocurrency could reach an all-time high of $100,000. This optimistic outlook is based on several key factors that Melker believes will drive Bitcoin’s price upwards in the coming years. According to Melker, the current market cycle for
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