Bitcoin – Page 111 – BitcoTasks BLOG

To Infinity And Beyond: Analyst Forecasts Bitcoin To Hit $100,000 In High-Speed

March 26, 2024

Cryptocurrency expert and analyst Doctor Profit has identified regions that are vital for Bitcoin (BTC) presently, which could possibly propel the crypto asset’s price to unprecedented heights at a very fast pace. For the most part, the cryptocurrency community is concerned about the way that Bitcoin’s price has performed during the last week. Nonetheless, Doctor…

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Bitcoin is “Overheating” For The First Time Ever Before Halving

March 26, 2024

Bitcoin News

Bitcoin, the world’s most valuable coin, is once again deviating from historical norms. According to an analysis by one crypto analyst, the coin is in the “overbought” territory of the Relative Strength Index (RSI) for the first time in the lead-up to halving. The RSI is a popular technical indicator analysts use to gauge the price momentum…

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Bitcoin Top In Yet? What The Legendary MVRV Ratio Says

March 26, 2024

Bitcoin News

Here’s what the latest trend in the Bitcoin Market Value to Realized Value (MVRV) ratio suggests about where the market is currently in terms of a top. Bitcoin MVRV Ratio Has Seen A Decline To The 2.34 Level According to data from the market intelligence platform IntoTheBlock, the BTC MVRV ratio surged high earlier this…

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Bitcoin To $50,000 Or $80,000? Crypto Expert Predicts Where Price Is Headed Next

March 26, 2024

Bitcoin

Crypto expert popularly known as KSI has shared his thoughts on how the significant dips on its way to a new all-time high of $100,000. $80,000 Could Be Next For Bitcoin KSI mentioned in an X (formerly Twitter) correction could quickly follow, as the crypto analyst remarked that Bitcoin would drop to between $50,000 and…

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Is Jupiter’s Next Leg Up Coming? Crypto Analyst Weighs In As JUP Surges 13%

March 26, 2024

Cryptocurrency Market News

Jupiter (JUP) has had a remarkable month, with its price skyrocketing over 150% in the last 30 days. Amid the crypto market slowdown and some controversies, JUP’s performance has maintained momentum. Crypto Analyst Sees “Decent” Entry Spot For JUP Jupiter’s JUP started the month trading around $0.63 and has seen the price jump 106% in…

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Bitcoin ‘Real Pump’ Nears New All-Time Highs, Analyst Says

March 25, 2024

Bitcoin

Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? Bullish Vs. Bearish Perspectives On Bitcoin The optimists, led by the prominent crypto analyst…

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What is Macro/Crypto Summer? Don’t Miss Out, Says Expert

March 25, 2024

Cryptocurrency Market News

In a thread on X (formerly Twitter), Raoul Pal, a renowned trading guru and the founder/CEO of Global Macro Investor and Real Vision, has illuminated the crypto community about the advent of what he terms as the “Macro/Crypto Summer.” This period, according to Pal, is not just a fleeting season but a significant phase in…

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STX Brushes Off Sluggish Crypto Market As It Shoots Up By 30%

March 25, 2024

Altcoin

With a broader slowdown in the broader market, some altcoins continue to push forward with minimal resistance; STX is one of those, with the token up nearly 30% in the weekly timeframe. The market, as of the moment, is up less than a percent. This movement is minute compared to the huge swings noted in…

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Bitcoin Price Aims Key Upside Break As Dips Turn Attractive

March 25, 2024

Btc

Bitcoin price is again attempting an upside break above $68,000 resistance zone. BTC could rally if it clears $67,500 and $68,000 in the near term. Bitcoin price started a decent increase above the $65,000 zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line…

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Bitcoin ETFs Bleed For One Week Straight – Can Price Recover To $73,000?

March 24, 2024

Bitcoin

Last week was rough for Spot Bitcoin ETFs as they failed to attract strong inflows day after day. As a result, these Spot Bitcoin ETFs witnessed consecutive daily outflows every day last week, indicating the bullish sentiment among institutional traders might actually be waning. This seems to have been reflected in the price of Bitcoin,…

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Bitcoin Long-Term Holders & Price Top: Glassnode Reveals Pattern

March 24, 2024

Bitcoin News

The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer…

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