Bitcoin News – Page 59 – BitcoTasks BLOG

No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm

April 18, 2024

As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate cuts, the Bitcoin market remains buoyant, according to a detailed analysis by Reflexivity Research. With the US CPI headline inflation projected to accelerate to 4.8% by the November 2024 elections, according to Bank of America, conditions are seemingly unfavorable…

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Pre-Halving Jitters: Bitcoin Price Briefly Slips Below $60,000

April 18, 2024

Bitcoin News

The Bitcoin price has recently experienced heightened volatility, causing the largest cryptocurrency in the market to briefly drop below the significant threshold of $60,000 for the first time since March 5. This price decrease comes just days before the highly anticipated Halving event scheduled for Friday. This event has traditionally been viewed as a positive…

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Historical Trends Show What To Expect For Bitcoin Price Following The Halving

April 17, 2024

Bitcoin

The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed…

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Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report

April 17, 2024

Bitcoin

Cryptocurrency exchange and trading platform, upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. The crypto firm has provided valuable insights on how the halving event would enhance scarcity and considerably influence the price of BTC. Exchanges Set To Face Bitcoin Supply Crunch On Tuesday, April 16, Bybit…

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Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

April 17, 2024

Cryptocurrency Market News

As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving.…

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Bitcoin Displays Bullish Adam And Eve Double Bottom: What It Means

April 17, 2024

Bitcoin

In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s…

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Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown?

April 17, 2024

Bitcoin News

Bitcoin stands at the forefront, with its upcoming halving event sparking excitement and uncertainty among investors. As the countdown to Bitcoin’s fourth halving narrows to roughly three days, market dynamics have taken a tumultuous turn, with significant implications for the digital asset’s price trajectory. Deciphering BTC’s Halving Patterns: Insights Into Pre-Event Price Behaviour While the…

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The $86,500 Bitcoin Question: Will The Halving Spark A Price Surge This April?

April 17, 2024

Bitcoin News

The cryptocurrency market has undergone a substantial downturn, with many of the top 100 cryptocurrencies experiencing sharp price drops. Bitcoin, the leading digital asset, hit a low of $61,600 on Tuesday. However, industry experts suggest a potential rebound to higher highs may be on the horizon as the highly anticipated Halving event draws near. Adrian…

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Is Bitcoin About To Skyrocket? Bitfinex Analysts Spot Familiar Patterns From December 2020

April 17, 2024

Bitcoin News

According to analysts at Bitfinex, Bitcoin and its recent activity on exchanges reflects a pattern reminiscent of December 2020, hinting at a possible growth phase. The exchange’s latest report highlights a significant decline in the supply of Bitcoin held by long-term investors on centralized exchanges, reaching its lowest levels in 18 months. This trend, coupled…

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Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason

April 16, 2024

Bitcoin

A crypto analyst has made a bold prediction about Bitcoin, anticipating that the pioneer cryptocurrency could surge to $650,000 as the Spot Bitcoin ETF market continues to grow. BTC’s Next Price Target Expected At $650,000 In an X (formerly Twitter) post published on Monday, Willy Woo, a popular analyst and crypto expert with over 1…

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Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign?

April 16, 2024

Bitcoin News

On-chain data shows the Bitcoin long-term holder selling pressure has been running out recently after an extended selloff from the group. Bitcoin Long-Term Holders Have Sold Huge In Past 4 Months As analyst James Van Straten explained in a long-term holders” (LTHs) here refer to the Bitcoin investors carrying their coins since more than 155…

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