Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered…
Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000 Read More »
In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle…
Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator Read More »
Following a tumultuous start to the month, the cryptocurrency market has yet to shake off the early August blues. The story has not been very much different for the price of Bitcoin, which struggled to make an impact in the past week. With BTC’s price almost 20% adrift of its all-time high of $73.737, there…
Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals Read More »
The month of August has been largely uneventful for Bitcoin so far, with the premier cryptocurrency having struggled to reclaim the $65,000 price mark since August 2. Currently, Bitcoin is slightly below $60,000 as the bulls and bears seek to grab control in what has been a range-bound market for the past week. Interestingly, CryptoQuant…
Bitcoin Spot-Perpetual Gap Points To Continued Selling Pressure – Analyst Read More »
Another transfer by the US government of originally seized Bitcoin from the notorious Silk Road has sparked widespread speculation on Wednesday, August 14. Blockchain analytics firm Arkham reported yesterday that 10,000 Silk Road BTC, valued at approximately $593.5 million, were transferred to Coinbase Prime, a platform used primarily for institutional investors. According to Arkham’s post…
Silk Road Bitcoin Are ‘Almost Certainly’ Sold By US Gov, Claims Lawyer Read More »
A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement. Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) printed a bearish death cross on the daily chart, where…
Bitcoin Risks Further Decline As Bearish Death Cross Returns Read More »
In the latest episode of the podcast “The Bitcoin Layer,” Daniel Batten, a recognized advocate for Bitcoin, discussed the potential impact of sovereign wealth funds (SWFs) on the Bitcoin price, predicting a rise to over $148,000 per BTC should these funds decide to invest even a minimal fraction of their assets. With $35.7 trillion under…
Sovereign Wealth Funds Could Take Bitcoin To $148,000: Researcher Read More »
The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. What Could Make Bitcoin Drop To As…
Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000 Read More »
Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a recap of the three most interesting takeaways from the Q2 filings via X. His findings underscore a growing and…
Bitwise CIO Reveals Three Super Bullish Signals From Bitcoin ETFs Read More »
As Bitcoin has become more mainstream, more and more institutions are beginning to hedge their bets with the cryptocurrency. Over the last four years, institutions have grown their holdings exponentially, and the result of this is that these large institutions have become the more dominant holders of Bitcoin. So much so that at this time,…
Private Investors Kicked Out Of Top Bitcoin Holder List, Here Are The Stats Read More »
Bitcoin has not been in the $20,000 range going on two years now and some believe that the pioneer cryptocurrency will never revisit this level again. However, according to one analyst, the Bitcoin price falling back to $20,000 is a matter of when, not if. While they do not expect that this crash will happen…
Will The Bitcoin Price Return To $20,000? Crypto Analyst Provides Answers Read More »
