Bitcoin’s price has been bouncing around lately, but a new analysis suggests a big move is coming. This analysis combines Bitcoin’s price chart with global money supply data, and the results are pretty interesting. The Money Supply Connection A crypto analyst, known as “The M2 Guy,” found a strong link between Bitcoin’s price and the…
Bitcoin’s recent performance hasn’t exactly been stellar. While it’s still above $100,000, it’s failed to hit new highs and even took a dive thanks to the Israel-Iran conflict, wiping out its weekly gains. This has the bears feeling pretty confident. A Deep Dive Below $90,000? Crypto analyst MIRZA predicts a potential Bitcoin crash, possibly pushing…
Bitcoin’s price has been stuck in a rut for months, bouncing between $61,000 and $104,000. This reminds some traders of the 2020-2021 period, when Bitcoin traded sideways between $31,000 and $64,000 before a massive crash. A Familiar Pattern? This price range from $61,000 to $104,000 is eerily similar to the “distribution zone” seen before Bitcoin’s…
Bitcoin’s price has been a bit of a rollercoaster lately, mostly due to global political tensions. It’s currently hanging around $105,000-$106,000 after a dip below $103,000. But despite the ups and downs, the market is showing some interesting signs. Bitcoin’s Growth: A Mature Market’s Strength Data analysts at Glassnode have been looking at Bitcoin’s price…
Bitcoin’s price has been bouncing around lately, showing some signs of life after dipping below $104,500. It’s currently trading above $106,000, and some technical indicators suggest a potential rally is brewing. The Golden Cross: A Bullish Sign? According to crypto analyst Titan of Crypto, Bitcoin is close to confirming a “golden cross” on the daily…
Bitcoin’s price has remained surprisingly stable despite the escalating conflict between Israel and Iran. It’s currently hovering around $105,000, only slightly down for the week. Let’s dive into what’s happening. Investors Aren’t Panicking (Yet) According to recent on-chain data, Bitcoin investors are showing remarkable calm. Analysis suggests they aren’t rushing to sell. Exchange Inflows and…
Bitcoin’s price is acting a bit strangely, caught in what analysts are calling a “descending triangle” pattern. This, combined with rising tensions between Israel and Iran, makes predicting its next move tough. A Triangle of Uncertainty Bitcoin recently failed to break through $110,000. Now, it’s below its 21-day moving average but above its 50-day moving…
Bitcoin took a bit of a dive recently, dropping almost 5% in just two days. This happened right after some serious international tension flared up. The price briefly dipped below $100,000 before recovering slightly. But according to one analyst, Bitcoin needs to stay above a certain price to avoid a much bigger drop. Holding the…
Bitcoin’s price has been climbing lately, even making new highs, despite some market turmoil. This is surprising, given what usually happens. The Usual Story: Bitcoin and Macroeconomics Historically, Bitcoin’s price has been closely tied to a few key economic indicators: US Dollar Index (DXY): This measures the US dollar’s strength against other currencies. US Treasury…
Bitcoin’s price has been a rollercoaster lately. Let’s break down what’s happening and what experts predict. A Week of Ups and Downs Last week, Bitcoin dipped to a one-week low. It’s trying to bounce back above $104,000-$105,000, but some analysts think it might fall further. A big drop to $102,000 was partly due to news…
