The recent 20% decline in the Bitcoin price has sent shockwaves through the cryptocurrency market, exposing critical support levels that must be monitored closely. Analyst Norok has highlighted $51,800 as the pivotal support level that Bitcoin must not fall below in order to maintain its bullish trend. This level, last seen in December 2023, signifies
Bitcoin
Bitcoin has recently broken below the $60,000 support level for the first time in two months, signaling a potential shift in market sentiment. The digital asset, which experienced a surge in value following the launch of Spot Bitcoin ETFs in the US, is now facing a period of consolidation. A report from Glassnode suggests that
Crypto analyst Ali Martinez has shed some light on why the $59,800 price level is crucial for determining Bitcoin’s future trajectory. According to Martinez, if Bitcoin were to drop to this price level, historically it has often bounced off this point during an uptrend. This could potentially lead to a massive pump in the flagship
In the world of cryptocurrency, Bitcoin remains at the forefront of discussions due to several significant developments. Lark Davis, a prominent cryptocurrency analyst and trader, has recently pointed out some key factors that could potentially trigger a more intense bull cycle than originally anticipated. One of the primary catalysts identified by Davis is the growing
The cryptocurrency market is always subject to volatility, and Bitcoin is no exception. Recently, crypto analyst DonAlt has raised concerns about a potential price drop for Bitcoin, suggesting that the price could plummet to as low as the mid-$40,000 range. He believes that this price breakdown might be necessary for the continuation of BTC’s bull
The recent surge in trading activity on the Bitcoin network has caught the attention of many investors and analysts. While the halving event did bring a lot of focus to Bitcoin, the increase in transactions can be primarily attributed to the introduction of the Runes token standard. On-chain data from IntoTheBlock shows a significant rise
The latest on-chain data suggests that the Bitcoin network may be facing a period of reduced high-value transactions, leading to a decline in market activity. This decline seems to be reflected in the price of Bitcoin, which has been struggling to break out of consolidation over the past few weeks. With the price of BTC
Cryptocurrency expert Peter Brandt has recently made a bold claim that the Bitcoin top for this market cycle may have already been reached. He based this conclusion on his “exponential decay” thesis, suggesting that historical data indicates Bitcoin’s price has peaked. Brandt noted that Bitcoin’s percentage gain has diminished in each consecutive bull cycle, with
There has been a recent buzz in the cryptocurrency world regarding a deep learning model that projects a significant price increase for Bitcoin (BTC) in the upcoming month. The model, developed by CryptoQuant, is based on a vast dataset of historical price movements and on-chain activity. It predicts that Bitcoin could skyrocket past the $77,000
The recent decline in demand for Spot Bitcoin ETFs has had a significant impact on the broader crypto market. On April 26, there were considerable outflows recorded, with the total net outflows reaching $217 million on April 25 alone. Grayscale’s Bitcoin Trust (GBTC) accounted for the majority of these outflows, with investors pulling $139.4 million
Renowned chief economist and Bitcoin critic, Peter Schiff, has recently made a cautious prediction regarding the world’s largest cryptocurrency, Bitcoin. Schiff highlighted the critical importance of Bitcoin maintaining a stronghold above $60,000 in order to avert a substantial price decline. In his recent social media post, Schiff shared a price chart of Bitcoin against the
The price of Bitcoin has been highly volatile leading up to the Bitcoin Halving event, but has since shown signs of stability and growth. With the price reaching $66,000, many top crypto analysts are making bullish predictions regarding the future path of the coin. Captain Faibik, a respected cryptocurrency analyst and trader, has put forward
With the recent Bitcoin halving event causing significant changes in the cryptocurrency space, Bitfinex’s analysis provides reassurance to investors regarding the market dynamics of BTC post-halving. According to Bitfinex’s Alpha report released on April 22, the on-chain data indicates positive developments for Bitcoin despite the current uncertainty in the United States economy. The report highlights
The Brazilian stock exchange, B3, made headlines in the cryptocurrency world after announcing its plans to introduce Bitcoin futures as part of its offerings. This move was highly anticipated by cryptocurrency enthusiasts, who were eager to see how this new development would impact the market. Upon the official launch of Bitcoin futures on April 17,
Following the recent Bitcoin halving event, market analysts and experts are now turning their attention to potential price movements in the BTC market. One prominent crypto analyst, ecoinometrics, has made a bullish prediction for Bitcoin’s price in the current bull cycle. The prediction suggests that Bitcoin could potentially reach six-figure value levels, based on historical
The recent analysis by the well-known crypto analyst Rekt Capital sheds light on the potential timeline for the next Bitcoin market peak. With the Bitcoin Halving event expected to occur soon, the market has been relatively stable with a current price of $64,578. Rekt Capital’s analysis suggests that Bitcoin typically reaches its bull market peak
In a recent interview with Anthony Scaramucci, the founder and managing partner of Skybridge Capital, a bold prediction was made regarding the future price of Bitcoin. Scaramucci suggested that the Bitcoin price could potentially surge to $200,000, following the upcoming halving event. This forecast comes at a time where the crypto markets are experiencing notable
The cryptocurrency market, particularly Bitcoin, has seen a recent surge in price, with Bitcoin hovering above the $62,000 mark. However, cautionary warnings from leading crypto analytics platform, CryptoQuant, suggest that Bitcoin may face a significant downturn to $52,000 if specific key levels are breached. The analysis from CryptoQuant indicates a growing sense of uncertainty in
The recent report released by cryptocurrency exchange Bybit sheds light on the upcoming Bitcoin halving event and its potential impacts on the supply dynamics of Bitcoin within exchanges in the crypto space. According to Bybit, the reserves of Bitcoin on exchanges have been depleting rapidly, with only nine months of BTC supply left on exchanges.
Ali Martinez, a prominent cryptocurrency expert, has recently forecasted a potential increase in the price of Bitcoin, suggesting that the crypto asset could reach $86,000 in the near future. This optimistic outlook has generated significant attention in the cryptocurrency community, sparking discussions and speculations about the future of Bitcoin. Martinez’s analysis focuses on key support
The crypto market has been evolving rapidly, with new innovations and technologies driving the growth of digital assets. One prominent figure in the industry, Willy Woo, a renowned crypto analyst, has put forward a bold prediction for the future of Bitcoin. Woo anticipates that Bitcoin could potentially surge to an astonishing $650,000 as the Spot
The upcoming fourth Bitcoin Halving has sparked a lot of speculation in the market, with the Lady of Crypto, a market analyst and trader, sharing her insights on the current situation. Despite claims that this bull cycle might be starting earlier than expected due to BTC breaking its all-time high, Lady of Crypto has dismissed
Bitcoin experienced a significant drop over the weekend, causing many in the crypto community to question the future of the digital currency. Renowned trader Peter Brandt has offered his perspective on the situation, introducing the concept of an “end run” to describe the current market dynamics. An end run, borrowed from sports terminology, refers to
Bitcoin, the pioneer and flagbearer of the digital currency realm, has once again captured the attention of investors. Recent market dynamics have prompted discussions among analysts and enthusiasts alike, with the spotlight firmly fixed on the possibility of a significant retracement in Bitcoin’s price. Renowned crypto analyst Rekt Capital has examined the current state of
The recent introduction of Spot Bitcoin ETFs has sparked renewed interest and investment in Bitcoin and other cryptocurrencies. These ETFs have paved the way for institutional investors to enter the crypto market, fundamentally changing the landscape and driving the price of Bitcoin to new heights. However, external factors such as geopolitical tensions can also have
The recent escalation of geopolitical tensions in the Middle East, particularly between Iran and Israel, has had a significant impact on the cryptocurrency market. Reports of Iran launching drone and missile attacks on Israel have sent shockwaves throughout the industry, resulting in a sharp decline in the price of Bitcoin. This sudden turn of events
With the countdown to the highly anticipated 2024 bitcoin halving event quickly approaching, the cryptocurrency community is abuzz with excitement and speculation. Social media platforms have become inundated with discussions surrounding the impending halving, signaling a potential for significant price movements in the volatile crypto market. This surge in social media chatter, as noted by