A well-known trader, Peter Brandt, is raising concerns about Bitcoin’s future. He thinks the cryptocurrency could be in for a major crash, potentially dropping by 75%. Why a Crash Could Be Coming Brandt points to a historical pattern in Bitcoin’s price movements. He noticed that whenever Bitcoin fails to reach a new all-time high within…
Bitcoin’s Been Stuck in a Rut Bitcoin’s price has been pretty flat for the past eight months, and some people are starting to worry that the bull run is over. A lot of things have happened, like the Bitcoin ETF getting delayed and the halving coming and going without much of a price jump. Even…
While Bitcoin has been struggling to break out of its $60,000 range, some interesting things are happening behind the scenes. Long-Term Holders Are Loading Up Despite the recent price dips, long-term Bitcoin investors are actually buying more. Over the past week, about $987 million worth of Bitcoin has been withdrawn from cryptocurrency exchanges. This means…
A Repeat Performance? A crypto analyst, TradingShot, noticed that Bitcoin’s price is acting a lot like it did back in October 2023. This could be a good sign for Bitcoin, considering what happened last year after a similar pattern emerged. TradingShot pointed out that Bitcoin’s price is currently bouncing around the 50-day and 200-day moving…
Bitcoin’s price has been stuck in a rut lately, even though the Federal Reserve just cut interest rates for the first time since 2020. This has left many investors scratching their heads. Don’t Get Carried Away by Interest Rates Andrew Kang, CEO of Mechanism Capital, thinks people are putting too much emphasis on interest rates…
Bitcoin has been on a wild ride lately. After briefly hitting a new high above $66,000, it’s been steadily falling, dipping below some important support levels. The MA-200: A Sign of Trouble? One key indicator that has analysts worried is the failure to break the MA-200. This moving average is a technical indicator that tracks…
Dogecoin’s Strong Performance History A crypto analyst named James thinks Dogecoin will outperform Bitcoin this time around. He points out that Dogecoin has consistently done better than Bitcoin in every market cycle since its launch in 2013, even after big drops. He says Bitcoin’s biggest gains happened in its first cycle because it was the…
Bitcoin took a tumble in early October, dropping to around $60,000. But don’t worry, it’s not all doom and gloom. Data shows that the price drop was mainly driven by short-term holders selling off their coins. Short-Term Holders Cash Out Looking at the data, we see a clear pattern: whenever Bitcoin dips, short-term holders tend…
Bitcoin had a rough start to October, dropping 10% from $66,000 to $60,000. This dampened the “Uptober” hopes, but the weekend brought a welcome change. Bitcoin is back in the green, and this could be good news for the long-term outlook. Is This the Bottom? Crypto trader @0xjaypeg believes the initial dip wasn’t necessarily bad….
Bitcoin is about to get a lot more volatile, according to Jeff Park, an expert at Bitwise Investments. He believes the recent approval of options for spot Bitcoin ETFs will cause prices to swing wildly in both directions. What Makes These Options Different? These new options are a big deal because they’re different from existing…
