A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and is undeniably technical as those are the exact high-to-low measurements at the time it […]
On April 28, 2024, the price of bitcoin was coasting along at $62,900 per unit as of 7:28 p.m. Eastern Time (ET). Since then, the price fell below the $62K mark by Monday morning ET, only to climb back above $62,000 by mid-afternoon. It has been nine days since the last halving event and 109 […]
Bitcoin’s (BTC) price continues to coil in post-halving trading as the past 24 hours have seen the top crypto trade in a narrowing range between $63,520 and $65,285 while traders await the next market-moving catalyst. BTC/USD Chart by TradingView The sideways price action comes as the U.S.-listed spot Bitcoin ETFs continue to record outflows. Fidelity’s […]
Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its […]
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […]
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […]
The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months. While this came as a surprise to many, one crypto analyst in particular was able to pinpoint […]
Cryptocurrency analyst Michael van de Poppe has announced the conclusion of the Bitcoin (CRYPTO: BTC) halving, predicting a market upswing. read more
There’s a very slight chance that Bitcoin (BTC) has already reached its peak this cycle at the $70,000 mark, at least, based on the “exponential decay” pattern floated by veteran trader Peter Brandt. Of course, many other price models and predictors suggest the cryptocurrency is still far from its cycle peak — and could instead top […]
Dogecoin suffered a significant crash in the bloodbath that rocked the crypto market earlier this week, notching double-digit losses in the process. This has sent its support lower, and $0.112-$0.123 is now the level to hold for the meme coin. But what if it falls below this support? Dogecoin Must Hold Support At $0.112-$0.123 Crypto […]
Renowned crypto analyst Ali Martinez has hinted at a potential bull run for Dogecoin (CRYPTO: DOGE), despite the cryptocurrency’s ongoing price correction. read more
As the cryptocurrency market braces for the upcoming Federal Open Market Committee (FOMC) meeting, a prominent crypto analyst has made a bold prediction about Bitcoin‘s (CRYPTO: BTC) immediate future. read more