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Bitcoin News – Page 57 – BitcoTasks BLOG
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Is A $72K Bitcoin Surge On The Horizon? Glassnode’s Latest Analysis Points To An Answer

Bitcoin News

Recent insights from Glassnode’s cofounders, shared under their X (formerly Twitter) account ‘Negentrophic’ have sparked interest in Bitcoin market dynamics, leading to a promising stabilization and possible price surge. Market Sentiments And EMA Trends With Bitcoin’s value recently wavering below the $70,000 mark, a detailed analysis from the cofounders suggests that a strong support level…

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Samson Mow On Bitcoin Halving: Brace For Supply Shock, Omega Candle In Sight

Bitcoin News

Samson Mow, the chief executive at Jan3, recently spoke to Forbes about the latest Bitcoin halving and its potential to catalyze what he refers to as the “Omega candles” – significant price movements that could elevate Bitcoin to the $1 million mark. According to Mow, halvings ensure a controlled distribution of Bitcoin, maintaining scarcity and…

Samson Mow On Bitcoin Halving: Brace For Supply Shock, Omega Candle In Sight Read More »

Is The Bitcoin Top Already Here? This Historical Pattern Says So

Bitcoin News

A historical pattern currently forming in a Bitcoin on-chain indicator could suggest that a top may be near for the asset, if not already in. Bitcoin SOPR Ratio Is Forming A Historical Top Pattern Right Now In a CryptoQuant Quicktake Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether the Bitcoin investors…

Is The Bitcoin Top Already Here? This Historical Pattern Says So Read More »

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?

Bitcoin News

In a post on X, one analyst has picked out a key on-chain metric that could signal the beginning of a strong leg up, similar to the explosive gains 2017. Currently, Bitcoin prices remain steady and edging higher. However, the coin failed to register sharp upswings, as most traders had predicted before the Halving event on…

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming? Read More »

Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End

Bitcoin

Geoff Kendrick, head of digital assets research at Standard Chartered, recently reiterated the bank’s ambitious Bitcoin price target of $150,000 by the end of this year, despite current market volatility and geopolitical tensions. In a comprehensive interview with BNN Bloomberg, Kendrick highlighted the significant role of ETF inflows and upcoming halving events in driving Bitcoin’s…

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Conservative Projection Places Bitcoin At $245,000 In 5 Years

Bitcoin News

A recent analysis paints a rosy picture of Bitcoin’s future, even with a conservative growth projection. Taking to X, Michael Sullivan predicts that the world’s most valuable coin could reach a staggering $245,000 within just five years if it maintains a mere 30% compound annual growth rate (CAGR).  Bitcoin Projections: From Conservative To Exponential Growth The analysis…

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Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’

Bitcoin News

As the Bitcoin (BTC) Halving event concluded for the fourth time, the cryptocurrency market witnessed notable changes in key metrics.  These developments have led Charles Edwards, a market expert and founder of Capriole Invest, to issue bold predictions that hint at a paradigm shift in the BTC market.  Bitcoin Trading At ‘Deep Discount’ One of…

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Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading

Bitcoin

After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures.  B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a…

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Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000

Bitcoin

With Bitcoin finally completing its fourth-year halving cycle, many users are aggressively competing for halving blocks, paying exorbitant amounts of fees to mine a single block.  Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees Earlier today, the 840,000th block was added to the Bitcoin blockchain, triggering the onslaught of the highly anticipated halving…

Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000 Read More »

Fourth Bitcoin Halving Completed – Here Are The Implications

Bitcoin

The long-awaited fourth Bitcoin halving finally occurred after BTC posted its 840,000th block. This event is significant as it is expected to have several implications for the Bitcoin ecosystem and the crypto market going forward.  What To Expect Following The Bitcoin Halving The Bitcoin halving slashed reported that they could lose a whopping $10 billion…

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