Undervalued Despite ATH Crypto expert Michaël van de Poppe believes Bitcoin is still way below its true worth, even after hitting a record high of over $70,000. He sees it as a hedge against inflation and a way to maintain purchasing power. Way Higher Numbers Predicted Van de Poppe previously predicted Bitcoin could reach $150,000…
Tesla’s Bitcoin Journey In January 2021, Tesla invested $1.5 billion in Bitcoin. They later sold some of their holdings, including $272 million in Q1 2021 and $936 million in Q2 2022. Currently, Tesla owns 11,510 BTC, worth around $780 million. SpaceX’s Bitcoin Stash SpaceX holds 8,290 BTC, valued at approximately $560 million. Their holdings are…
Key Narrative: Diminishing Returns Bitcoin analyst Matthew Hyland predicts a bullish rally for Bitcoin to $240,000 based on the “Diminishing Returns” narrative. This narrative suggests that each Bitcoin cycle produces a smaller percentage gain as the market matures. However, Bitcoin has yet to disprove this narrative, which Hyland believes is the “final boss” that must…
Bitcoin’s price has been fluctuating around $67,000 lately, but it’s not likely to stay there for long. Inverse Head and Shoulders Pattern Emerges Crypto analyst Josh Olszewicz has identified an inverse head and shoulders (iH&S) pattern on Bitcoin’s 1-hour chart. This pattern is often seen as a sign of a potential price increase. The iH&S…
Approval of Spot Bitcoin ETFs: A Game-Changer Renowned analyst Willy Woo has sparked excitement among crypto enthusiasts with his bullish prediction for Bitcoin. Woo believes the recent approval of spot Bitcoin ETFs will trigger a significant surge in the cryptocurrency’s value. These ETFs allow traditional investors to access Bitcoin without the hassle of directly owning…
A crypto analyst predicts that Bitcoin’s price could soar to $207,000 by June. This prediction is based on historical data that suggests a similar surge occurred after Bitcoin broke its previous all-time high. Historical Precedent In 2021, Bitcoin’s price tripled in just 103 days after breaking its previous ATH. The analyst believes this pattern could…
Bitcoin’s All-Time High Bitcoin soared to a record-breaking $69,200, sparking excitement among traders. However, the celebration was cut short when the price plummeted to $61,200. The Dormant Whale On-chain data revealed a dormant Bitcoin address holding $67.1 million worth of BTC. After 14 years of inactivity, the whale suddenly sold its entire stash. Whale’s Profit…
Bitcoin’s Price Trajectory As Bitcoin hovers near its all-time high, experts are eager to predict its next major move. Alex Thorn, a research expert, believes we’re about to “climb the wall of worry.” Historical Parallels In 2020, Bitcoin faced resistance near its previous all-time high of $20,000. It took several attempts before it finally broke…
Corrections Are Normal Bitcoin’s recent dip after reaching an all-time high is not surprising, according to market analyst Alex Thorn. In bull markets, corrections are common. Bitcoin experienced similar drops in 2021 and 2017. Profit-Taking Likely Crypto analyst Guy Turner suggests that profit-taking contributed to the pullback. Investors may have sold their Bitcoin after its…
Sell Signal Flashes Crypto analyst Ali Martinez has identified a sell signal from the Tom DeMark (TD) Sequential indicator on Bitcoin’s daily chart. This indicator has a strong track record of predicting Bitcoin trends, suggesting a potential correction. Historical Accuracy Martinez notes that the TD Sequential indicator has accurately predicted Bitcoin’s price movements in the…
