Bitcoin, the crypto king, is in a tug-of-war between optimistic and pessimistic predictions. Bullish Signs Technical analysts like Gert van Lagen see a “bullish flag” pattern, suggesting a potential price surge. They believe Bitcoin has broken out of a consolidation range and could reach $127,000. Futures investors are also bullish, betting on Bitcoin’s rise. This…
Bitcoin has fallen below a crucial support range of $67,000-$68,000 after failing to break above $70,000. Bitcoin’s Critical Support Analyst Josh warns that Bitcoin must reclaim $68,000 soon or risk entering a bearish trend. He believes a breakout above this level could lead to a rally towards $72,000-$74,000. Resistance and Pullbacks However, Bitcoin’s failure to…
Bitcoin and Solana Take the Hit Crypto funds have been experiencing outflows for the first time in five weeks. Last week, investors pulled $600 million out of these funds, according to CoinShares data. The bulk of these outflows came from Bitcoin and Solana funds, which lost $621 million and $0.2 million, respectively. This coincides with…
Bitcoin has been through a rollercoaster ride lately. Its price has been dropping, making people worry that it might stay low for a while. But some experts think there are signs that things could change for the better. Buying Pressure on the Rise One thing to look at is the Bitcoin Taker Buy Sell Ratio….
As Bitcoin enters a critical week, analysts are keeping a close eye on several factors that could determine its short-term trajectory. Economic Indicators Last week’s economic data, such as the CPI and PPI, showed signs of disinflation, which is positive for risk assets like Bitcoin. However, the Federal Reserve has cautioned against being too optimistic…
Bitcoin has been struggling lately, with its price dropping by 4.65% in the past week. But analyst Ali Martinez says there’s a specific support zone that Bitcoin needs to hold if it wants to avoid further losses. Martinez’s Analysis Martinez used a chart called the UTXO Realized Price Distribution (URPD) to analyze Bitcoin’s price. The…
Analysts Predict Bitcoin’s Rise Bernstein analysts Gautam Chhugani and Mahika Sapra have updated their Bitcoin price targets, predicting a surge to $200,000 by 2025 and $1 million by 2033. Factors Driving Bitcoin’s Growth Institutional Demand: The launch of Spot Bitcoin ETFs is expected to increase demand, leading to a shortage of available Bitcoin. Bitcoin Halvings:…
Bitcoin has taken a hit over the past week, dropping to around $65,000 on Friday. Miners Cashing Out Crypto miners have been selling off their Bitcoin holdings in recent days. On one day alone, they sold over 1,200 BTC, worth about $80 million. This selling pressure has contributed to Bitcoin’s price decline. Miners are selling…
Crypto analyst TechDev has shared his predictions for Bitcoin’s future. Blowoff Top Still to Come TechDev believes that Bitcoin has not yet reached its peak in this market cycle. He predicts a parabolic uptrend before a significant decline. Blowoff tops, where prices rise rapidly followed by a sharp drop, have occurred in previous bull cycles….
AllianceBernstein’s Bullish Outlook Global investment firm AllianceBernstein has raised its price target for Bitcoin to $1 million by 2033. This prediction is based on the following factors: US Spot Bitcoin ETFs New Bitcoin exchange-traded funds (ETFs) managed by major asset managers have brought in significant investment. Analysts expect Bitcoin ETFs to account for 7% of…
