The summer of 2024 has brought a familiar story for Bitcoin investors, as the price of the leading cryptocurrency has experienced significant weakness. Since the beginning of June, Bitcoin has been facing downward pressure, with multiple flash crashes shaking the market. The price has plummeted from over $70,000 to below $50,000 at one point, causing
Bitcoin
The recent price volatility in the Bitcoin market, with a crash below $50,000 last month, has raised concerns among investors. This significant drop has slowed down the momentum of the anticipated bull run that many analysts have been predicting. Despite the current price lull, some crypto experts believe that the Bitcoin bull run is still
Bitcoin’s price has been fluctuating due to various economic factors, including the looming threat of a US recession. With Bitcoin dropping from $59,076 to $57,127 during the early Asian trading session, it closed the week at $57,565. The uncertainty in financial markets due to the potential recession is affecting the trajectory of Bitcoin’s price movement.
Semilore Faleti, a prominent figure in the cryptocurrency world, has made a name for himself as a skilled writer specializing in journalism and content creation. His expertise lies in unraveling the complexities of blockchains and digital currencies, showcasing a deep understanding of the industry. In his formative years, Semilore honed his skills as a content
Tony is a dedicated writer who has found his passion in the ever-evolving world of cryptocurrency. His journey into the digital asset industry was not planned, but it has become a central part of his life for over two years now. Tony enjoys breaking down the complexities of blockchain technology and sharing his insights on
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of journalism and content creation. His passion for cryptocurrency shines through as he uncovers the complexities and intricacies of blockchain technology. Semilore believes in the efficiency of digital assets for storing and transferring value, and he is a staunch advocate for the
Timing the Bitcoin market is a challenging task that many cryptocurrency traders strive to achieve. One popular method used by crypto analysts is the Elliot Wave analysis, which attempts to predict the ideal time to buy Bitcoin based on market patterns and indicators. Recently, R.N. Elliot has presented a compelling argument for why now might
In response to Federal Reserve Chairman Jerome Powell’s recent announcement of potential adjustments to policy and a hint at a 25bps rate cut at the upcoming meeting on September 18, Bitcoin saw a significant increase of over 6%. This unexpected news has added to the already volatile nature of Bitcoin’s price in recent weeks. Optimism
The recent dip in the crypto market, particularly in Bitcoin, saw prices plummet below $50,000 on August 5. This sudden decline took many investors by surprise, leading to a cascade effect on other cryptocurrencies as well. While Bitcoin has since recovered by 20%, the impact of this market downturn on short-term holders has been significant.
Opeyemi is a dynamic writer who has found a passion for delving into the fascinating world of cryptocurrency. Even though this was not his initial career path, he has wholeheartedly embraced the digital asset industry for over two years now. His ability to dissect the complexities of blockchain technology and provide valuable insights into the
The monthly performance of Bitcoin can be a rollercoaster ride, heavily influenced by the sentiments of investors towards the market. Analysts and investors rely on years of historical data to try and predict the next move of this volatile cryptocurrency. As August comes to a close, Bitcoin investors are already looking towards September with hopes
The Bitcoin price has seen its fair share of bull and bear cycles over the years, with a consistent trend emerging. PlanB, a crypto analyst, has pointed to previous cycle performances to predict a bullish future for Bitcoin. Looking back at the last two bull cycles, similarities can be observed where there was an initial
Opeyemi is a talented writer who has found his passion in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply fascinated by it over the past two years. Opeyemi takes pride in his ability to create informative pieces that break down the complexities of blockchain technology and
Bitcoin, the world’s largest cryptocurrency, is facing a new bearish death cross, according to a recent analysis. The analyst, known as ‘Mags,’ highlighted key pattern formations and future outlook for Bitcoin. This bearish death cross occurs when the 50-day Moving Average (50 MA) crosses below the 200-day Moving Average (200 MA) on the daily chart.
As the Bitcoin price continues to trade sideways, uncertainties on the macro side have left investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory, suggesting that the crypto could potentially drop to as low as $48,000. Van de Poppe mentioned in a social media post
As Bitcoin continues to gain mainstream acceptance, more and more institutions are jumping on the bandwagon and investing in the cryptocurrency. This shift has led to a significant change in the landscape of Bitcoin holders, with large institutions now dominating the market. In fact, the top Bitcoin wallets are no longer held by private individuals,
As Bitcoin hovers far below its peak of $20,000, one analyst has predicted that the cryptocurrency will inevitably fall back to this level once again. The analyst, known as “Without Worries”, has outlined the possibility of Bitcoin crashing to $20,000 in a recent analysis on TradingView. Key Indicators Point to Resistance The analysis focuses on
Crypto analyst, Peter Brandt, recently identified an inverted or expanding triangle pattern in Bitcoin (BTC). This pattern was observed through traditional charting principles and analyzed for its potential impact on Bitcoin’s price trajectory. The unique formation of this pattern was showcased in a price chart from May 2023 to November 2024, displaying two descending trend
Bitcoin has been making waves in the cryptocurrency market recently, with analysts speculating on the potential for a bullish surge in the near future. One crypto analyst, known as ‘Sensei’, has made a bold prediction that Bitcoin could reach $72,000, despite recent price fluctuations. This article will analyze the optimistic forecast presented by Sensei and
Crypto analyst CryptoCon recently highlighted a technical indicator that has accurately predicted each local high for Bitcoin in the current bull run. According to CryptoCon’s analysis, the Bitcoin Fibonacci extension is expected to push the flagship cryptocurrency over $100,000, with a projected rise to $109,236 by the end of the year. This prediction is based
Semilore Faleti, a cryptocurrency writer with a specialization in journalism and content creation, has made a name for himself in the world of blockchain and cryptocurrency. Starting out by writing on various subjects, Semilore quickly discovered his passion for dissecting the complexities and intricacies of digital assets. With a keen interest in the efficiency of
Cryptocurrency analysts have been closely monitoring the recent appearance of the death cross indicator on Bitcoin’s chart, particularly focusing on the critical $62,000 price level that could potentially influence the flagship cryptocurrency’s future price movements. The death cross indicator is traditionally viewed as bearish and signals a potential period of declining prices for the asset
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a keen eye for detail and a passion for demystifying the complexities of blockchains and digital assets, Semilore has established himself as a trusted source of information in the rapidly evolving world of crypto. Having started his career as
Samuel Edyme, affectionately known as HIM-buktu, is a multifaceted individual with a wide array of skills and experiences. His introduction to the world of cryptocurrency was far from conventional, as he fell victim to a Ponzi scheme early on in his journey. However, instead of being deterred by this setback, Edyme used it as a
After the recent Bitcoin price crash below $60,000, many investors were left disappointed as hopes for a new all-time high seemed unattainable in the short term. However, analysts still remain optimistic about the long-term outlook for Bitcoin. CryptoQuant CEO Ki Young is one of those who believe that the BTC price will eventually reach new
Crypto analyst Altcoin Sherpa has raised concerns that the Bitcoin bottom may not have been reached yet, suggesting that the flagship cryptocurrency could still plummet to new lows. In a recent post on X (formerly Twitter), Altcoin Sherpa pointed out that Bitcoin is more likely to bottom out around the $40,000 range rather than $50,000.
In the world of cryptocurrency, predictions and projections are commonplace. Recently, a well-known crypto trader, Peter Brandt, has made a bold claim about the future of Bitcoin. Despite a recent crash below $50,000, Brandt believes that Bitcoin could see a significant rebound, reaching new all-time highs of $90,000. This optimistic outlook comes at a time