AI Predicts a Surge Cryptocurrency enthusiasts are buzzing about a deep learning model’s prediction that Bitcoin (BTC) will skyrocket to $77,000 within the next month. However, experts caution investors to be skeptical. Bitcoin’s Current State Bitcoin has been stuck around $64,000 for the past week, leaving investors uncertain about its next move. AI’s Optimistic Outlook…
Bitcoin has been on a downward slide after failing to break above key resistance levels. Indicators Suggest Bearish Trend 4-Hour Moving Average: Bitcoin is trading below its 100-day moving average, indicating a downtrend. 4-Hour RSI Indicator: The RSI is below 50%, suggesting a bearish trend. 4-Hour MACD Indicator: The MACD histograms are below zero, further…
Bull Flag Formation A bull flag pattern has emerged on Bitcoin’s chart, indicating a potential reversal and upward trend. Denis Baca, from Zivoe Finance, believes this pattern suggests Bitcoin could rise to $100,000 once volume increases. Potential Dip Before Surge Baca notes that Bitcoin may dip below $60,000 before making a significant move upward. This…
Bitcoin’s Stalled Rally Despite the recent halving event, Bitcoin’s price has remained stuck in a narrow range. Investors are growing impatient and calling for a sell-off. Increased Sell Calls on Social Media According to Santiment, social media posts about selling Bitcoin have spiked. This indicates a shift in sentiment, with bearish calls outweighing bullish ones….
Crypto Market on the Brink of Revolution Crypto analyst Doctor Profit predicts a huge surge in Bitcoin and the broader crypto market, calling it the “third Industrial Revolution.” He urges investors to jump on board or risk regretting it. Bitcoin’s Target: $84,000 Profit believes Bitcoin will reach $84,000 after breaking out of its current trading…
Despite the recent Bitcoin halving, analyst Ali Martinez has issued a bearish signal, predicting a potential price correction to $59,000. Short-Term Declines Martinez’s analysis suggests that Bitcoin may experience short-term declines due to: A red candlestick from the TD Sequential indicator A death cross between the 50 and 100 Simple Moving Average (SMA) This could…
Outflows Hit Spot Bitcoin ETFs Spot Bitcoin ETFs have seen a sharp decline in demand this month, with significant outflows recorded on April 26. Grayscale’s Bitcoin Trust (GBTC) led the outflows, with investors withdrawing $139.4 million. Other funds, including Ark Invest, Valkyrie, and Bitwise, also saw notable outflows. Sell-Offs Pressure Bitcoin Price The outflows have…
The rollercoaster ride of Bitcoin continues, with a recent crash from its record high of over $73,000. This has sparked a wave of pessimism, leading many traders to bet against the cryptocurrency. However, these “bears” could be in for a rude awakening if Bitcoin rebounds. Bears Risk Losing $7.2 Billion Crypto analyst Ash Crypto shared…
Economist’s Warning Peter Schiff, a well-known Bitcoin critic, predicts a potential decline in Bitcoin’s price if it drops below $60,000. He believes that Bitcoin’s current position is not favorable for investors. Importance of Support Levels Schiff emphasizes the importance of Bitcoin holding above $60,000. If it fails to do so, he warns of a significant…
Funding Rate Dip: A Brief Bearish Blip After the recent Bitcoin halving, the funding rate briefly dipped into negative territory, indicating a bearish outlook. However, this dip was short-lived. Renewed Bullishness Following the halving, the funding rate quickly recovered and is now positive, suggesting a return to a bullish market sentiment. Increased Open Interest The…
