Bullish Outlook Analyst Kevin Svenson believes Bitcoin (BTC) is on a parabolic trend that could lead to a surge to $90,000. He predicts a potential correction after reaching this target, followed by a further rally that could push Bitcoin to six figures. Re-Accumulation Phase Svenson explains that a correction around $90,000 would allow for healthy…
Historical Trends and Indicators Crypto Con, a crypto analyst, has analyzed historical data to predict when Bitcoin might reach its peak in the current bull cycle. Based on the Stochastic Momentum Index (SMI) Ergodic Indicator, Bitcoin is currently where it should be in the cycle, with plenty of room for growth. Estimated Peak Timing Crypto…
Demand Still Low Glassnode, a data analytics company, has shed light on the recent dip in Bitcoin’s price below $70,000. According to their analysis, demand for Bitcoin is still relatively low. This is evident in the slowing down of new capital flowing into the Bitcoin network. Liquidity Injection Cools Off Glassnode also observed that the…
Bitcoin, the world’s most popular cryptocurrency, is on the cusp of a major move, but the direction remains uncertain. Bullish Outlook: Euphoric Bull Theory Analyst Checkmate predicts a surge to a new all-time high, signaling a shift to a “Euphoric Bull” phase. This theory is based on the Market Value to Realized Value (MVRV) ratio,…
Why Ethereum Holders Should Consider Cashing Out Samson Mow, CEO of Bitcoin adoption firm Jan3, believes that Ethereum-based ETFs will underperform compared to Bitcoin ETFs. He suggests that this may be the last chance for Ethereum holders to sell at a favorable price relative to Bitcoin. Reasons for Mow’s Call Lack of staking rewards for…
PrimeXBT, a big name in crypto trading, has given its brand, website, and platform a major makeover. They want to make trading easier for everyone, no matter how much experience they have. Improved Trading Features PrimeXBT has listened to its customers and made some big changes to its trading tools: Lower fees on over 100…
The Disclosure Debate Ethereum researchers Justin Drake and Dankrad Feist recently revealed their involvement with EigenLayer, a restaking protocol. Drake emphasized transparency and pledged to reinvest his earnings into Ethereum, while Feist made no such commitment. Crypto Twitter’s Reaction Crypto trader Cobie questioned the ethics of researchers receiving compensation from projects built on Ethereum, especially…
Crypto analyst James Check believes Bitcoin has more upside potential. However, he warns of an “escape velocity” that could cause a price drop. What is Escape Velocity? Escape velocity is the minimum speed needed to overcome Earth’s gravity and escape its pull. Bitcoin’s Escape Velocity Check suggests Bitcoin hasn’t reached its “euphoric escape velocity” yet….
A well-known crypto trader believes that the approval of a spot Ethereum exchange-traded fund (ETF) in the US could significantly benefit altcoins. Flow Horse’s Prediction The pseudonymous trader known as Flow Horse shared his insights with his followers on social media. He believes that an ETF would further fuel the already volatile crypto markets. Dogecoin’s…
Opposition from SEC Chair Gensler The White House has announced that it will not veto the Financial Innovation and Technology for the 21st Century Act (FIT21), despite opposition from Securities and Exchange Commission (SEC) Chair Gary Gensler. The White House expressed concerns about the bill’s lack of consumer and investor protections, but stated that it…
