Recent Price Action Bitcoin’s performance has been disappointing, with a significant decline in its price. This trend has also affected other major cryptocurrencies. Analysis from CryptoQuant According to blockchain intelligence firm CryptoQuant, Bitcoin could drop to $60,000. This is based on the fact that Bitcoin has fallen below a key support level of $65,800. Bearish…
Bernstein Analysts Revise Bitcoin Target Analysts at Bernstein have raised their Bitcoin target price to $200,000 by the end of 2025. This is a significant increase from their previous target of $150,000. Spot Bitcoin ETFs as a Catalyst Bernstein analysts believe that the influx of Spot Bitcoin ETFs will be the key driver behind this…
Bitcoin has taken a hit, falling below $64,000. But Arthur Hayes, co-founder of BitMEX, is urging investors to “buy the dip.” Why Hayes Is Bullish Hayes believes the global economy and central bank policies favor cryptocurrencies like Bitcoin. Central Bank Policies Central banks, like the US Federal Reserve, are raising interest rates aggressively to fight…
Diversification is Key Just like investing in different stocks, diversifying your crypto portfolio is important. It helps protect against uncertainty. Ethereum’s market cap is still smaller than Bitcoin’s, so adding it to your portfolio can spread your risk. Ethereum’s Functionality While Bitcoin is designed to be a new form of money, Ethereum is a platform…
The recent Bitcoin crash below $66,000 has shocked the market, resulting in millions of dollars in liquidations. Analysts warn that the worst may not be over yet. Analyst Predicts Further Decline Crypto analyst Ali Martinez predicts Bitcoin could fall another 20% to $54,930. This is because Bitcoin has broken below a key support level at…
Price Action Bitcoin is trending down, slipping from its all-time highs. Bears are gaining momentum, with the coin dropping 10% from its March 2024 peak. Analyst’s Prediction An analyst believes the current consolidation will persist for two more months. They note that after the 2020 Halving, Bitcoin traded sideways for 150 days, suggesting a similar…
Crypto analyst Josh Olszewicz has shared insights into Bitcoin’s immediate future using technical analysis tools. Ichimoku Cloud Analysis Bitcoin is currently hovering near the edge of the Ichimoku Cloud. A break above the cloud could indicate a bullish trend, while a fall below it could signal bearish momentum. Olszewicz emphasizes a “do or die” scenario…
Bitcoin as a Safe Haven The crypto market is in turmoil, and investors are flocking to Bitcoin as a safe haven. This has boosted Bitcoin’s dominance to a 9-week high of 57%. Altcoins, on the other hand, are taking a hit. Altcoins Bear the Brunt Projects like Akash Network, Floki, and Chiliz have plummeted over…
Travis Kling, founder of Ikigai Asset Management, shares his insights on the current state of Bitcoin and the cryptocurrency market. Bitcoin’s Flat Performance Despite strong gains in the stock market, Bitcoin has remained relatively flat. Kling suggests that the market is “on the verge of cannibalism,” with internal factors limiting its growth. ETF Flows and…
Bitcoin is currently facing a critical test at the $64,515 support level. This level could determine its direction in the coming days. Bullish Arguments Strong fundamentals and investor interest could push Bitcoin higher. Bearish Arguments Macroeconomic pressures and regulatory uncertainties could lead to a crash. Technical Analysis 4-Hour Chart: Bitcoin is retracing after being rejected…
