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…
Bitcoin’s recent price action is showing some signs of slowing down, about three weeks after hitting a record high of $111,814. A Short-Lived Rally After briefly climbing back above $110,000 on Monday (thanks to some positive economic news and a weaker dollar), Bitcoin’s price quickly dropped. Profit-taking, along with some global political tension, created a…
Bitcoin recently bounced off the $110,000 mark, sending a clear signal that bears (those betting against Bitcoin) are currently in control. This sharp rejection has some worried about a drop below $100,000, potentially triggering a wider market downturn. Is the Dip Part of the Plan? While the sudden price drop has caused panic among some…
Bitcoin’s current market cap is a tiny fraction of global wealth, but that’s why some believe it’s still early in the game. Bitcoin’s Small Slice of the Pie Bitcoin’s market value is around $2 trillion. That’s only 0.2% of the estimated $1 quadrillion in global assets. To put this in perspective: Real Estate: Dominates at…
Bitcoin’s recent price action has been a bit of a rollercoaster. While it briefly surged above $110,000, it’s faced significant resistance, suggesting sellers are trying to prevent another all-time high. The Analyst’s Prediction Crypto analyst TehThomas predicted this resistance around $110,000. But their analysis goes further, suggesting a potential dip before another climb. The Setup…
Bitcoin’s price has been climbing lately, but not everyone’s celebrating. A veteran trader is predicting a massive crash – a potential 75% drop! The Crash Prediction Peter Brandt, a well-known trader, believes Bitcoin’s recent gains are a setup for a major price plunge. He’s forecasting a drop from the current price (around $109,000) to roughly…
