Bitcoin – Page 13 – BitcoTasks BLOG

Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric

September 4, 2024

After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Bitcoin’s Sharpe Ratio…

Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric Read More »

Bitcoin Price Slips Again: Is This the Start of a Bigger Drop?

September 4, 2024

Btc

Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with…

Bitcoin Price Slips Again: Is This the Start of a Bigger Drop? Read More »

Bitcoin, XRP See Declining Whale Activity: What It Means

September 3, 2024

Bitcoin News

On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in…

Bitcoin, XRP See Declining Whale Activity: What It Means Read More »

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

September 3, 2024

Bitcoin

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000. However, the analyst…

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News Read More »

Bitcoin Price Prediction: VanEck Envisions $2.9 Million BTC By 2050

September 3, 2024

Bitcoin News

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected…

Bitcoin Price Prediction: VanEck Envisions $2.9 Million BTC By 2050 Read More »

Bitcoin Eyes $68,000 In September: Could This Be The Turning Point?

September 3, 2024

Bitcoin News

Bitcoin, after experiencing a blood bath last Month, several analysts have re-analyzed its price action to see what this new month of September might hold for the Bitcoin Market. Amongst them, a renowned crypto analyst known as Mags on X has recently shared an insightful perspective on Bitcoin’s current market behavior in one of his…

Bitcoin Eyes $68,000 In September: Could This Be The Turning Point? Read More »

Bitcoin Needs To Break $70,000 For The Uptrend To Continue, Here’s Why

September 3, 2024

Bitcoin News

Bitcoin traders are upbeat, expecting prices to shake off recent weakness and soar above the local resistances to as high as $73,800. Even so, before the coin breaks above these liquidation regions, buyers must have conviction. Moreover, the leg up must be sustained by a fresh influx of new capital, ideally from investors fearing they…

Bitcoin Needs To Break $70,000 For The Uptrend To Continue, Here’s Why Read More »

Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress

September 3, 2024

Btc

Bitcoin price started a recovery wave from the $57,200 zone. BTC is rising, but it might struggle to surpass the $60,200 and $61,150 resistance levels. Bitcoin is attempting a recovery wave above the $58,000 support zone. The price is trading above $58,000 and the 100 hourly Simple moving average. There was a break above a…

Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress Read More »

WazirX Heist: Legal Advisers Doubt Full Crypto Recovery For Customers

September 3, 2024

Cryptocurrency Market News

The legal team for WazirX said today that the exchange’s customers doubt whether the exchange should be made whole in crypto terms. Another Jolt For The Affected WazirX Users Leading Indian cryptocurrency exchange WazirX suffered a massive security breach on July 18, 2024, resulting in hackers stealing $230 million of customers’ digital assets. In the…

WazirX Heist: Legal Advisers Doubt Full Crypto Recovery For Customers Read More »

‘Paper’ Bitcoin On The Decline: What It Means For BTC

September 3, 2024

Bitcoin News

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new Paper BTC. The former of these is simply the actual tokens that the exchanges are holding on behalf of…

‘Paper’ Bitcoin On The Decline: What It Means For BTC Read More »

Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says

September 2, 2024

Bitcoin

The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections…

Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says Read More »