Bitcoin’s price has skyrocketed recently, hitting a new all-time high. But is this party about to end? One analyst thinks so. Profit Taking Warning Signs Crypto analyst Amr Taha is raising some red flags. He’s looking at something called the Bitcoin MVRV ratio. This ratio basically tells us if Bitcoin is overvalued or undervalued. A…
A crypto analyst, CryptoCon, is predicting a huge surge in Bitcoin’s price, based on something they call the “Golden Multiplier Ratio.” They believe the best is yet to come for Bitcoin. The Golden Multiplier Ratio and Bitcoin’s Future CryptoCon points to level 5 of this ratio, which they say is significant for both mid-cycle and…
Bitcoin is making a comeback, surging towards its previous peak of $93,257! Traders are buzzing with excitement. Bitcoin’s Bullish Run After a period of calm, Bitcoin’s price is showing strong upward momentum. It’s currently holding above the 100-day moving average (SMA) on the 4-hour chart – a really good sign. It successfully avoided falling below…
Bitcoin’s been on a tear lately, hitting record highs in just a few days. While Trump’s election win might have started the party, Bitcoin’s rise seems unstoppable. But will it keep going? Some think the rally’s over, but CryptoQuant, a big name in blockchain analytics, says Bitcoin still has plenty of room to grow. Four…
Bitcoin’s price took a bit of a tumble, and trading volume dropped significantly – about 27%! What does this mean for Bitcoin’s future? Let’s dive in. A Big Price and Volume Drop According to CoinMarketCap, Bitcoin’s daily trading volume plummeted to $85.89 billion, a massive 26.46% decrease. At the same time, the price dipped below…
Bitcoin has been on a tear lately, climbing over 30% since the US election. It even surpassed its previous all-time high, hitting new highs almost every day for a week. A Bullish Run Fueled by New Demand Analysts at Bitfinex say the market is holding steady despite the increased speculation. They believe the recent rally…
Bitcoin has been on a wild ride lately, hovering around $87,000. Investors are anxiously waiting for the coin to hit $90,000, but a big announcement could shake things up. Inflation Report: A Big Deal for Bitcoin The Consumer Price Index (CPI) report, which measures inflation, is due out today. This report is a big deal…
Bitcoin is on fire, breaking through resistance levels and setting its sights on a whopping $320,000. The Bullish Buzz Experts are buzzing about a “cup-and-handle” pattern on the Bitcoin chart, a classic signal of a bullish run. This pattern, combined with the recent surge in price, has many believing that Bitcoin is in the midst…
Arthur Hayes, a former crypto bigwig, thinks Bitcoin could skyrocket to a million bucks. He’s not just throwing out a random number. He’s got a theory based on how he thinks the US economy is headed. The US: A New Kind of Capitalism? Hayes thinks the US is moving away from traditional capitalism. He compares…
Bitcoin has been on a tear since November, breaking through previous all-time highs. And according to experts, this upward trend isn’t slowing down anytime soon. SuperTrend Indicator Signals Good Things A technical indicator called SuperTrend is pointing to continued bullish momentum for Bitcoin. This indicator has been moving sideways for 34 weeks, but recently flipped…
