Bitcoin’s price has been stuck in a rut lately, even though the Federal Reserve just cut interest rates for the first time since 2020. This has left many investors scratching their heads. Don’t Get Carried Away by Interest Rates Andrew Kang, CEO of Mechanism Capital, thinks people are putting too much emphasis on interest rates…
Bitcoin has been on a wild ride lately. After briefly hitting a new high above $66,000, it’s been steadily falling, dipping below some important support levels. The MA-200: A Sign of Trouble? One key indicator that has analysts worried is the failure to break the MA-200. This moving average is a technical indicator that tracks…
Dogecoin’s Strong Performance History A crypto analyst named James thinks Dogecoin will outperform Bitcoin this time around. He points out that Dogecoin has consistently done better than Bitcoin in every market cycle since its launch in 2013, even after big drops. He says Bitcoin’s biggest gains happened in its first cycle because it was the…
Bitcoin took a tumble in early October, dropping to around $60,000. But don’t worry, it’s not all doom and gloom. Data shows that the price drop was mainly driven by short-term holders selling off their coins. Short-Term Holders Cash Out Looking at the data, we see a clear pattern: whenever Bitcoin dips, short-term holders tend…
Bitcoin had a rough start to October, dropping 10% from $66,000 to $60,000. This dampened the “Uptober” hopes, but the weekend brought a welcome change. Bitcoin is back in the green, and this could be good news for the long-term outlook. Is This the Bottom? Crypto trader @0xjaypeg believes the initial dip wasn’t necessarily bad….
Bitcoin is about to get a lot more volatile, according to Jeff Park, an expert at Bitwise Investments. He believes the recent approval of options for spot Bitcoin ETFs will cause prices to swing wildly in both directions. What Makes These Options Different? These new options are a big deal because they’re different from existing…
The Bitcoin market has been a bit of a rollercoaster lately, but some analysts think we’re still in the early stages of a big bull run. They’re using a tool called the “Wall Street Cheat Sheet” to track the market’s mood and predict where Bitcoin is headed. What is the Wall Street Cheat Sheet? The…
A crypto analyst named Ash Crypto believes Bitcoin could reach $100,000 by the end of the year. He’s not alone – other experts have made similar predictions. Why Bitcoin Could Skyrocket Ash Crypto points to several factors that could push Bitcoin’s price higher: Halving Cycles: Bitcoin’s price typically goes through a period of consolidation after…
Bitcoin’s price has been stuck in a rut lately, failing to build on its recent gains. It’s hovering around $62,000, which is a bit of a bummer for those hoping for a big jump. Short-Term Holders Feeling the Heat The problem? Short-term Bitcoin holders are feeling the pinch. They bought their Bitcoin at a higher…
Bitcoin ETFs Take a Hit The first week of October wasn’t great for Bitcoin ETFs. They lost over $300 million in investments, ending a three-week winning streak. This happened right after Bitcoin itself dropped over 6% in the first few days of the month. Why the Dip? The main reason for the dip was the…
