Bitcoin and US stocks used to be best buddies, their prices moving in the same direction. But lately, they’ve gone their separate ways. Bitcoin’s New Direction Data shows that Bitcoin’s correlation with the Nasdaq and S&P 500 has flipped from positive to negative. This means they’re now moving in opposite directions. While US stocks have…
Bitcoin has been on a tear lately, breaking above a bearish trendline and showing strong signs of bullish momentum. This has traders and investors excited, wondering if Bitcoin can keep up the pace and reach the $60,152 mark. Bitcoin’s Price Action: A Technical Look Let’s take a look at the charts to see what’s happening:…
A well-known crypto economist, Timothy Peterson, thinks Bitcoin is about to reach a new all-time high in the next 8 months. He’s pretty confident about it, saying there’s a 90% chance it’ll happen before March 2025. Why is Peterson so bullish? Peterson’s prediction is based on his research, which looks at Bitcoin’s historical price trends….
Bitcoin’s Price Could Soar A crypto analyst named DonAlt thinks Bitcoin could hit $100,000 in the next few years. He’s not alone – lots of experts are bullish on Bitcoin, with some even predicting prices as high as $250,000! The recent influx of money into Bitcoin ETFs and the overall positive market sentiment seem to…
A fund manager thinks the current dip in Bitcoin prices is nothing to worry about. He’s calling it a “boogeyman” and lists eight reasons why he’s still bullish on Bitcoin. Germany’s Bitcoin Dump is Nearing its End Germany has been selling off a lot of Bitcoin, but the fund manager thinks this is almost over….
Bitcoin has been on a rollercoaster ride lately, and many investors are wondering if now is the time to buy the dip. The Dip Might Not Be Over Yet According to Santiment, a platform that analyzes on-chain data, the worst might not be over for Bitcoin. They suggest that the flagship cryptocurrency could experience further…
Bitcoin took a tumble below $60,000 recently, but don’t worry, most people who own Bitcoin are still making money! Most Bitcoin Holders Are Still in the Green According to some data, a whopping 83% of Bitcoin holders are still in profit, even after the recent price drop. That means only about 17% are currently losing…
Bitcoin has already taken a hit, dropping over 22% since its peak in March. While it’s currently holding above $57,000, things could get worse if history repeats itself. Bitcoin’s Love for Retesting Yearly Opens According to Jacob Canfield, a trading expert, Bitcoin has a habit of revisiting its yearly opening price. This happens almost every…
The price of Bitcoin has taken a nosedive, and the German government is partly to blame. They’ve been selling off their Bitcoin stash, and it’s putting serious pressure on the cryptocurrency. Germany’s Massive Bitcoin Dump The German government has been unloading Bitcoin for weeks, selling hundreds of millions of dollars worth. In June alone, they…
Is Bitcoin in trouble? Veteran trader Peter Brandt thinks so. He’s predicting a potential drop to $44,000 based on a technical indicator called a “double top.” What’s a double top? It’s a bearish pattern that suggests a big price drop is coming. Think of it like a mountain with two peaks. If Bitcoin reaches those…
