Massive Bitcoin Transfer On May 27, Mt. Gox, a bankrupt Bitcoin exchange, moved 42,830 BTC (worth $2.9 billion) to unknown wallets. This is the first such transfer in five years. Reason for Transfer Unknown The reason for the transfer is unclear, but it comes after Mt. Gox announced plans to compensate creditors who lost money…
Amidst the positive vibes in the crypto world, Crypto Con, a well-known crypto expert, has shared his bullish view on Bitcoin. He believes that Bitcoin has the potential to reach $123,832 in the coming months based on historical patterns. Price Bands and Target Crypto Con’s analysis focuses on Bitcoin’s price bands, with level 3 being…
Why the Halving Isn’t Priced In Bitcoin halvings, which occur every four years, reduce the rewards miners receive for processing transactions. This reduced supply typically leads to a price increase if demand remains the same or increases. According to Rekt Capital, a renowned crypto analyst, the market has not yet fully priced in the recent…
Whale Appetite Returns Bitcoin whales, individuals or organizations with massive Bitcoin holdings, have been buying up BTC in recent days. This surge in buying activity suggests that whales believe current prices are attractive. Indicators of Whale Activity Two key indicators track whale activity: Total whale holdings: The total amount of BTC held by whale addresses….
Growing Investor Interest Bitcoin spot ETFs have seen a remarkable turnaround in recent weeks, with positive inflows for two consecutive weeks. This shift reflects a surge in investor confidence in these investment products. Significant Inflows On Friday, May 24th, the US Bitcoin spot ETF market recorded a net inflow of $252 million, marking the 10th…
Post-Halving Consolidation After the Bitcoin halving in April, analysts observed a “post-halving danger zone” where the cryptocurrency lost 11% of its value. This was followed by an attempted breakout that was rejected at $71,500, the upper limit of a long-term consolidation phase. Expected Consolidation Period Analyst Rekt Capital predicts that Bitcoin will remain in consolidation…
Whales Accumulate Billions Bitcoin whales, investors with large holdings, have been on a buying spree, adding 20,000 BTC (worth $1.4 billion) to their wallets in the past week. This coincides with Bitcoin’s recent surge above $70,000. Institutional Investors Join the Party Institutional investors are also betting big on Bitcoin. Spot Bitcoin ETFs have seen inflows…
Bitcoin’s price has dipped back to $67,000 after a brief surge above $71,000. Analysts are closely monitoring the situation to determine the cryptocurrency’s next move. Bullish Scenario The recent drop below $70,000 has put Bitcoin in a critical position. However, the current level of $67,000 is crucial for its next steps. Analyst The Signalyst believes…
Bitcoin has taken a hit, dropping from $71,980 to $67,000. But don’t worry, says crypto analyst Jelle. Why Investors Should Stay Calm Jelle believes Bitcoin is still on track with the 2017 bull run. Once it breaks above $69,000, he predicts a surge to $100,000. Bullish Signs Key resistance levels have been broken. A bullish…
Key Support Levels and Patterns A crypto analyst predicts a major bull run for Bitcoin, suggesting it could reach $80,000 in this market cycle. They point to key support levels and technical patterns that support this forecast. High Open Interest and Whale Influence The analyst highlights the high Open Interest (OI) in Bitcoin’s perpetual futures…
