Bitcoin’s been a rollercoaster lately, and things might get bumpier before they smooth out. Analysts are predicting a significant price drop, possibly all the way down to $94,000. The Elliott Wave Theory and Bitcoin’s Dip One analyst, Luca, using the Elliott Wave theory, suggests Bitcoin is in a correction phase (Wave 2). Their 8-hour chart…
Bitcoin’s dominance is at a new high, over 66%! This isn’t great news for other cryptocurrencies (altcoins), and it’s making people wonder if we’ll even see an “altcoin season” this year. Experts Weigh In Crypto analysts are buzzing about this. Finsends, for example, thinks Bitcoin’s dominance might hit 68.56% before dropping back down to around…
Cryptocurrencies are having a moment! For ten weeks straight, investors have been pouring money into crypto funds, totaling a massive $15 billion year-to-date. Even with usual slowdowns around holidays and global market jitters, the influx continues. It seems investors see dips as buying opportunities. Bitcoin and Ethereum Dominate Bitcoin is leading the charge, attracting $1.114…
Bitcoin’s dominance is at a four-year high, exceeding 66%! This means Bitcoin is taking a larger share of the crypto market, leaving less room for other cryptocurrencies (altcoins). Experts are debating what this means for the much-anticipated “altcoin season.” Bitcoin’s Dominance: A Bearish Outlook for Altcoins? Analyst Finsends thinks Bitcoin’s dominance could climb even higher,…
Metaplanet, a Tokyo-based investment firm, is making a massive bet on Bitcoin. They’ve just added another 1,111 Bitcoin to their holdings, bringing their total to a whopping 11,111 BTC! A Billion-Dollar Bitcoin Stash This latest purchase, costing around $118.2 million (at an average price of $106,408 per Bitcoin), pushes Metaplanet’s total Bitcoin holdings to over…
Bitcoin experienced a brief price drop over the weekend, falling below $100,000 for the first time since early May following US airstrikes in Iran. However, it quickly recovered, trading above $101,000 by Monday morning in Asia. This leaves traders wondering if this was a minor setback or the beginning of a larger trend. A Temporary…
Bitcoin’s price has taken a significant dive, and experts are weighing in on what this means for the future of the cryptocurrency. Geopolitical Tensions and Market Reactions Recent conflicts between Iran and Israel have rattled financial markets, and the crypto market is feeling the impact. Bitcoin, which had comfortably sat above the $100,000 mark for…
Bitcoin’s price has been bouncing around lately. While it saw a small jump after some international news, it’s still stuck in a bit of a rut, struggling to break past $110,000. But what’s next? Analyzing Bitcoin’s Price with the Mayer Multiple One analyst, On-Chain College, is looking at the Mayer Multiple to predict Bitcoin’s future…
Bitcoin’s been on a bit of a rollercoaster lately. Let’s break down what’s happening. Bitcoin Below the 50-Day Moving Average Bitcoin has dropped below its 50-day moving average (50MA). This is a significant technical indicator. The 50MA shows the average price over the past 50 days. Staying above it usually means things are bullish (good!),…
Bitcoin’s price has been pretty flat lately, but something interesting is happening in the futures market. This could signal a big shift, potentially wiping out the bears. A Strange Spike in Liquidations CryptoQuant analyst Axel Adler Jr. noticed a huge jump in “long liquidation dominance.” This means a lot of traders betting on Bitcoin going…
