Despite rising inflation and fewer expected rate cuts from the Federal Reserve, Bitcoin remains positive. No Rate Cuts, No Problem The bond market now expects only three rate cuts this year, down from six. This shows that the market doesn’t think the Fed can control inflation. Fed’s Rate Hikes May Be Stimulating the Economy A…
Crypto exchange Bybit has released a report that sounds the alarm on Bitcoin’s dwindling supply on exchanges. Bitcoin Supply Crunch Bybit’s report reveals that Bitcoin reserves on exchanges have been rapidly declining, with only enough left to last for about nine months. This is due to a daily influx of $500 million into Bitcoin ETFs,…
Historical Halving Trends Bitcoin has undergone three halvings since its inception in 2009. In each case, the cryptocurrency’s price has reacted differently. 2016 Halving: BTC price dropped 30% after the halving, reaching $460. 2020 Halving: BTC price dropped 15% after the halving. Possible Price Movements Based on these historical trends, it’s possible that BTC’s price…
Key Levels for Bitcoin’s Trajectory Analyst Ali Martinez predicts a significant price increase for Bitcoin, possibly reaching $86,000 if it breaks through a key resistance level. Bitcoin’s movement is heavily influenced by key support and resistance levels. Support Level: $61,000 Resistance Level: $72,400 If Bitcoin falls below the support level, it could drop to $56,200…
Adam and Eve Double Bottom Crypto analyst Christopher Inks has spotted a bullish “Adam and Eve” double bottom pattern on Bitcoin’s 1-hour chart. This pattern consists of two troughs with a peak in between. Adam: Sharp V-shaped bottom indicating a rapid price decline and recovery. Eve: Rounded and gradual bottom indicating a slower price recovery….
Spot Bitcoin ETFs Driving Growth Crypto expert Willy Woo believes Bitcoin is poised to skyrocket to $650,000, fueled by the growing popularity of Spot Bitcoin ETFs. These ETFs allow investors to trade Bitcoin directly on exchanges, increasing demand and potentially pushing the price up. Calculations for the Surge Woo’s calculations estimate that $2 trillion could…
Bitcoin Correction on the Horizon Crypto expert Cold Blooded Shiller warns that Bitcoin may be heading for a significant correction of up to 30%. Despite recent strength, the market’s volatility suggests a potential pullback. Historical Precedents Shiller notes that 30% pullbacks are common for Bitcoin historically. If this trend repeats, the price could drop to…
Losses Outpace Profits Bitcoin investors are facing a bumpy ride as the digital currency’s value fluctuates. Data shows that investors are currently losing more money than they’re making. This is a significant shift from the recent past, where profits dominated. Rollercoaster Ride Bitcoin’s price has been on a rollercoaster over the past 24 hours. It…
Miners’ Influence on Price In the early days of Bitcoin, miners had a significant impact on its price. However, as the market has matured, miners’ influence has waned. This is due to increased diversification of Bitcoin holders and the growth of sophisticated financial instruments. Halvings and Monetary Policy Bitcoin halvings occur during key economic turning…
Misconception: Bitcoin Will Hit Another ATH Analysts believe that the current Bitcoin rally is not a sign of an early bull run. They dismiss claims that Bitcoin’s recent all-time high indicates continued gains. Pre-Halving Dips: A Historical Trend Historically, Bitcoin and altcoins have experienced significant dips before halving events. The current pre-halving dip is within…
