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Bitcoin – Page 13 – BitcoTasks BLOG
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Bitcoin Falls Out Of Step With US Equities, What This Could Mean For The Crypto Market

Bitcoin

Recent data shows that Bitcoin has completely detached from US stocks. This is significant considering how the flagship crypto and these stocks had a positive correlation before now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Stocks Data from the market intelligence platform IntoTheBlock shows that Bitcoin’s…

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Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?

Bitcoin

Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its…

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Economist Predicts 90% Chance Bitcoin Hits New High By March 2025

Bitcoin

In a forecast issued via X on Friday, Timothy Peterson, a respected network economist and prominent author in the field of crypto analytics, predicted a near-certain rise of the Bitcoin price in the upcoming 8 months. “There’s a 90% chance Bitcoin will reach a new ATH before March 2025,” Peterson proclaimed. Peterson, known for his…

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8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’: Fund Manager

Bitcoin

While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a “boogeyman.” Via X, Kling listed eight reasons to be bullish on Bitcoin. He stated: “NFA. I’m wrong often.…

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83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000

Bitcoin

Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major…

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Bitcoin Crash: Here’s What The Data Says About Buying The Dip

Bitcoin

The on-chain analytics platform Santiment has provided useful insights for investors considering buying the Bitcoin dip. The platform suggested that the worst might not be over as the flagship crypto could still experience further dips from its current price range.  To Buy Or Not To Buy The Bitcoin Dip? In an X (formerly Twitter) post,…

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If History Repeats, Bitcoin Price Could Crash 33% Again: Here’s Why

Bitcoin

The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to Jacob Canfield, a trading mentor at the Trading Mastery. Canfield’s latest analysis points to a potential…

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German Triggers Bitcoin Crash With Rapid Selling: Here’s How Much BTC They Have Left

Bitcoin

The price of immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoin’s consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Gox’s BTC redistribution plans. Lately, the cryptocurrency’s price has been further pressured by the substantial…

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Legendary Trader Peter Brandt Says Bitcoin Could Crash To $44,000, Here’s Why

Bitcoin

to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto.  Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double…

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Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?

Bitcoin

Recent data shows that the Bitcoin mining difficulty is on the decline and has hit its lowest since May. This is significant considering what this could mean for the Bitcoin ecosystem, specifically Bitcoin’s price. Bitcoin Mining Difficulty Drops To 79.5 T Data from CoinWarz shows that Bitcoin mining difficulty has dropped to 79.5 T at…

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Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?

Bitcoin

The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of…

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