Despite the recent price drop, Bitcoin remains in the game, with support holding strong above $67,000. Bullish sentiment is still high, with investors anticipating a significant price jump. Magic Bands Analysis Crypto analyst CryptoCon believes Bitcoin has more room to grow before reaching its peak. According to his “Magic Bands” analysis, the cryptocurrency has yet…
Short-Term Surge Fueled by ETF Craze Bitcoin ETFs, which track Bitcoin’s price, have attracted new investors looking for quick profits. This has led to a surge in short-term holders (holding Bitcoin for less than 155 days), whose holdings have jumped by 55% since January. Long-Term Holders: Unwavering Faith Despite the short-term hype, long-term holders remain…
Massive Technical Pattern Crypto analyst Gert van Lagen has identified a significant technical pattern on Bitcoin’s 3-day chart, known as the “Cup with Handle.” This pattern suggests a potential surge to $300,000. Cup and Handle Explained The Cup with Handle is a bullish continuation pattern that resembles a teacup. It consists of: Cup: A rounded…
Crypto analyst Dave the Wave remains optimistic about Bitcoin’s prospects despite recent setbacks. Short-Term Targets Dave the Wave predicts Bitcoin will rise above $100,000 later this year. He believes the cryptocurrency will continue its upward trend as long as it remains above a specific support line. Long-Term Goals Based on his logarithmic growth channel indicator,…
$100,000 on the Horizon Analyst CrediBULL Crypto predicts Bitcoin will soar to $100,000 soon, within the next 7-10 days. He believes the recent price drop was the worst Bitcoin will experience, with the downside now limited to $60,000. Bullish Indicators CrediBULL Crypto notes positive signs, such as a drop in open interest and a return…
Bill Miller, a financial expert and investor, believes Bitcoin is still undervalued. He sees it as a potential replacement for traditional currencies, which he believes are prone to manipulation and devaluation. Bitcoin’s Early Stages Miller has been bullish on Bitcoin since 2015. He believes it’s still in the early stages of a major shift in…
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Recent Weakness Bitcoin has recently dipped below $68,000, but analysts believe it’s a temporary setback. Liquidity Zone: A Potential Catalyst Analyst Dippy predicts that Bitcoin could surge above $73,000, a level where many short traders have placed their stop losses. This could trigger a wave of liquidations, pushing the price even higher. Bearish Scenario Dippy…
Bitcoin has taken a tumble this week, dropping below several support levels. After falling below $71,000, it’s now hovering around $67,000, signaling a potential downtrend. Consolidation Zone Crypto analyst Bitcoin Signals has identified a consolidation zone between $67,000 and $72,000. This suggests a short-term correction is underway, with the price fluctuating within this range. Falling…
Factors Contributing to the Decline 1. Federal Reserve Meeting Jitters Investors are holding back before the Federal Reserve’s meeting on Wednesday. The Fed is expected to keep interest rates unchanged but may adopt a more cautious stance. Higher interest rates tend to make non-yielding assets like Bitcoin less attractive. 2. Increased Selling Pressure A surge…
