Bitcoin briefly hit $100,000 again, even nearing $108,000, before dropping back down. While impressive on the surface, a closer look reveals a less-than-stellar story. Fueled by Borrowed Money, Not Real Buyers Data shows the recent price surge was largely driven by traders using borrowed funds (leverage) to bet on short-term gains, not new investors jumping…
Bitcoin’s price has been bouncing around lately, hovering between $100,000 and $110,000. While a recent dip below $99,000 sparked some worry, a rebound to $106,000 offered a glimmer of hope for Bitcoin bulls. But a closer look at the data reveals some troubling signs. Is the Bullish Momentum Fading? Recent on-chain data paints a less…
The US Federal Housing Finance Agency (FHFA) just dropped a big one for Bitcoin and the crypto world. They’ve told Fannie Mae and Freddie Mac – the giants of the US mortgage market – to start figuring out how to let people use their crypto as part of their assets when applying for a home…
Bitcoin’s dominance is keeping altcoins down, says one analyst. Until things change, don’t expect a big altcoin rally. Bitcoin’s Reign Supreme Bitcoin’s market dominance is at a high of 65.72%, and it’s not showing signs of slowing down. Both the monthly and weekly Relative Strength Index (RSI) readings are above 70, indicating strong bullish momentum….
Bitcoin held steady last Friday, but things could be about to change. President Trump is reportedly considering replacing Federal Reserve Chair Jerome Powell, which could dramatically alter the Fed’s approach to interest rates and money supply. The Potential Shake-Up Multiple news sources say Trump is seriously thinking about replacing Powell before his term ends in…
An analyst predicts Bitcoin is about to enter its most exciting phase, potentially reaching prices far beyond its previous all-time high. This prediction is based on a fascinating chart and the Elliott Wave theory. A Parabolic Price Surge? Crypto analyst Gert van Lagen believes Bitcoin is following a parabolic pattern. His chart shows a series…
Bitcoin’s price has exploded over the past decade, coinciding with three New York mayoral terms. Let’s look at how this digital currency’s value has skyrocketed. From $754 to $107,000+ When Michael Bloomberg left office in late 2013, Bitcoin was trading around $754. Fast forward to today, and it’s over $107,000! That’s a mind-boggling increase of…
Bitcoin recently hit a high of over $108,000, fueling further bullish sentiment despite a recent dip. But is this the top of the cycle? One key indicator suggests otherwise. What the MVRV Z-Score is Telling Us Crypto analyst Doctor Profit used the MVRV Z-Score, a metric showing whether Bitcoin is overvalued or undervalued, to analyze…
Bitcoin’s price has been bouncing around $106,000 lately. While investors are still a bit hesitant (the Fear & Greed Index is neutral), some technical analysis suggests a big price jump is coming. Wave Theory Points to a Rally One analyst, using Elliott Wave theory, believes Bitcoin’s recent price drop was a healthy correction, completing a…
Bitcoin took a tumble below $100,000, leaving many wondering what’s next. One analyst, “Astronomer” on X, offers some insights and potential buying strategies. What Happens After a Bitcoin Crash? Astronomer notes that while Bitcoin’s price fell below expectations, a further drop might be on the cards before a rebound. This could create another chance to…
