Long-Term Holders Accumulate Bitcoin’s long-term holders are scooping up the cryptocurrency at its current lower price. This suggests they believe in its potential for growth, despite recent fluctuations. 70,000 BTC Bought These long-term holders have bought a whopping 70,000 BTC, worth over $4.3 billion. This buying spree is seen as a bullish signal for Bitcoin….
Analyst’s Insight CryptoCon, a crypto analyst, has identified a crucial price point for Bitcoin: $57,938. He believes a drop to this level could be beneficial for Bitcoin’s long-term growth. Why $57,938 Matters This price represents the 20-week Exponential Moving Average (EMA). A decline to this level would provide a “boredom and sideways price action” that…
Ric Edelman, a financial expert with $291 billion under management, predicts that Bitcoin will reach a staggering $420,000. Here’s why: Reasons for the Surge Edelman believes that a modest global allocation of just 1% of assets to Bitcoin could result in a market cap of $7.4 trillion. This would drive the price up significantly. Advantages…
As Bitcoin’s price continues to swing, investors are wondering when it will hit its lowest point. Some believe it’s already happened, while others predict further declines. Expert’s Prediction Dave the Wave, a crypto expert who accurately predicted the 2021 Bitcoin peak, has now made a prediction for the bottom in 2024. Indicators of a Bottom…
Mt. Gox Preparing for Distribution Mt. Gox, the Tokyo-based Bitcoin exchange, is set to release a huge chunk of Bitcoin (BTC) and Bitcoin Cash (BCH) into the market. This move is part of the ongoing process to compensate creditors who lost funds in the 2011 hack. The Kraken API interface shows that Mt. Gox is…
A Key Threshold to Watch Bitcoin analyst Titan of Crypto has identified $61,500 as a critical price level to monitor. This level is seen as a pivotal point that could determine Bitcoin’s future trajectory. Market Volatility Expected Titan warns of potential market volatility around Federal Reserve Chair Jerome Powell’s speech today. He advises holding off…
CPI Preview The Consumer Price Index (CPI) report, due out on May 15th, is expected to significantly impact Bitcoin’s price. Bitcoin has been sensitive to macroeconomic news lately, making this report particularly important. What to Expect Analysts predict a slight slowdown in inflation for April, with a year-over-year increase of 3.4% and a month-to-month increase…
Metaplanet’s Bold Move Metaplanet, an investment firm, has made a bold decision: they’re making Bitcoin their only strategic reserve asset. This move signals growing confidence in Bitcoin as a store of value and a hedge against economic uncertainty. Yen Woes Drive Bitcoin Adoption Metaplanet’s decision comes at a time when Japan is facing economic pressures….
Technical Analysis Crypto analyst Christopher Inks has analyzed Bitcoin’s price movements using technical indicators. He identifies key support (S1, S2) and resistance (R1, R2) levels. Breakout Signal Inks believes a breakout above $63,000 would signal a reversal from the bearish trend. This level represents a confluence of technical elements, including the daily pivot point and…
Strength of Bitcoin Underestimated Despite recent price fluctuations, cryptocurrency analyst Crypto Jelle believes Bitcoin’s bull run is far from over. He argues that Bitcoin’s consolidation around its previous all-time highs indicates its strength and potential for further gains. Pullbacks Are Normal Jelle emphasizes that pullbacks are normal in bull markets and help to remove excess…
