Bitcoin News – Page 36 – BitcoTasks BLOG

Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How

June 27, 2024

In a recent surge of online discussion, renowned crypto analyst and entrepreneur Willy Woo has made headlines with his optimistic prediction for Bitcoin’s future on Elon Musk’s social media platform, X. Woo suggests that Bitcoin, already gaining traction among traditional financial circles as an emerging asset class, could see exponential growth. He argued that if…

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Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows

June 26, 2024

Bitcoin

Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the world’s biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed…

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Bitcoin In Red, Analyst Predicts A 40% Drop To $48,000 Before Recovery

June 26, 2024

Bitcoin News

Bitcoin is roughly 20% from all-time highs, and risks are trending lower, breaking from the current consolidation. After peaking in mid-March, bulls are yet to build enough momentum and overcome the roadblock at $72,000. Will Bitcoin Fall To $50,000 Or Worse? Analyst Thinks So While there were temporary gains in early June, the retracement in…

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Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

June 26, 2024

Bitcoin

In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Gov’t Continues Its Bitcoin Sell-Off…

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Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Crypto Expert

June 26, 2024

Bitcoin

Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom and is poised for new all-time highs. His analysis, shared on X (formerly Twitter), provides a detailed examination of the current market dynamics and underlying fundamentals that signal a bullish turn for Bitcoin and potentially other cryptocurrencies. Is The…

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Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst

June 25, 2024

Bitcoin News

Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother,…

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Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

June 25, 2024

Bitcoin

Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook. Bitcoin Could Drop To As Low As $50,000 10x…

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Is The Bitcoin Bottom In? Here’s What 7 Experts Say

June 25, 2024

Bitcoin

The market saw a dramatic Bitcoin price drop over the past two days, plunging from a high of $64,500 on Sunday to a low of $58,474. Yesterday’s steep decline followed an unexpected announcement from the trustee of the defunct Mt. Gox exchange, revealing plans to commence BTC and BCH payouts in early July—a move that…

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Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times

June 25, 2024

Bitcoin News

An analyst has pointed out how an indicator is forming a signal for Bitcoin that has proven to be quite bullish for the asset during the past two years. Bitcoin Daily RSI Has Dipped Into The Oversold Territory In a new Relative Strength Index (RSI) for Bitcoin. The RSI is a popular technical analysis indicator…

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SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins

June 25, 2024

Bitcoin

Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto “has already won” following recent developments in the industry. Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins Scaramucci mentioned during an interview on…

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Bitcoin Price Forecast: Three Strong Indicators Urge Buying As Experts Predict A 100% Rally Ahead

June 25, 2024

Bitcoin News

The Bitcoin price has experienced a significant correction after failing to consolidate above the $70,000 level and retesting its all-time high of $73,700, which it reached in March. With a retracement of nearly 10% over the past week, BTC is now trading just above support at the $60,000 level. However, based on historical data, further…

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