Crypto analyst Ted has shared evidence that suggests the current Bitcoin bull run is far from over. Here are four key reasons why: 1. Liquidity Cycle Bitcoin follows a 65-month liquidity cycle, which is currently in an expansion phase that began in October 2023. This expansion is expected to peak in 2026, coinciding with central…
Bitcoin’s Rise to $67,000 Bitcoin has been on a roll lately, climbing back above $67,000 for the first time in a month. According to CryptoQuant, a leading blockchain analytics firm, several factors contributed to this surge: Lower-than-expected inflation: News of slowing inflation in the US boosted the appeal of risky assets like Bitcoin. Reduced selling…
Bitcoin’s Recent Rise Bitcoin jumped 2.9% on Friday, surpassing $67,000 for the first time since April. This surge is attributed to low inflation data. Tether’s Role Blockchain platform LookonChain reports that Tether Treasury has minted an additional $1 billion USDT. This stablecoin has a market cap of $111.25 billion, making it the most dominant in…
Understanding what drives Bitcoin’s price is crucial for investors. Cryptocurrency expert Ali Martinez has shed light on this by using the basic economic principles of supply and demand. Supply and Demand Basics Like any asset, Bitcoin’s price is influenced by the relationship between supply and demand. When supply exceeds demand, prices tend to fall. Conversely,…
Crypto analyst Crypto Jebb has spotted an inverse head and shoulders pattern on the Bitcoin chart, signaling a potential surge in price. The Pattern and Its Implications The inverse head and shoulders pattern suggests that Bitcoin could break out and reach $70,000. The pattern’s target price is $75,000, indicating a new all-time high. Likelihood of…
The Quiet and Trending Phase Bitcoin has been facing a lot of selling pressure lately, with over 1.5 million BTC being sold. But despite this, the price has only dropped by about 20%. This shows that Bitcoin has strong support levels. Volatility: Not Always a Bad Thing Bitcoin’s volatility has been decreasing lately. This is…
Inflation Data Surprise The Consumer Price Index (CPI) data released on May 15 showed inflation was lower than expected, coming in at 0.3% instead of the forecasted 0.4%. This suggests that inflation may be slowing down in the US. Institutional Investments Reports indicate that notable institutions are investing heavily in Bitcoin. The State of Wisconsin…
Hashrate Hiccup or Miner Exodus? After a surge in Bitcoin’s hashrate (computational power) following the block reward halving in April, it has unexpectedly dropped by 20%. This has sparked speculation about a potential “miner capitulation,” where less efficient miners are shutting down operations due to reduced profits. Hash Ribbons Flash Warning Hash Ribbons, a technical…
Global Money Supply: A Key Indicator According to James Coutts, Bitcoin’s future looks bright due to shifts in global liquidity. He highlights the Global Money Supply (M2) as a crucial factor, as it represents the amount of money in circulation. Momentum is Key Coutts emphasizes that the rate of change in M2 is more important…
Analyst Predicts Sharp Surge Crypto analyst BitQuant, who accurately predicted Bitcoin’s rise to $73,000 in 2024, has unveiled a new target: $95,000. Single Move BitQuant believes Bitcoin can reach this target in a single move, representing a 50% increase from its current level. Timing Uncertain The analyst doesn’t speculate on the exact timing of the…
