Adam and Eve Double Bottom Crypto analyst Christopher Inks has spotted a bullish “Adam and Eve” double bottom pattern on Bitcoin’s 1-hour chart. This pattern consists of two troughs with a peak in between. Adam: Sharp V-shaped bottom indicating a rapid price decline and recovery. Eve: Rounded and gradual bottom indicating a slower price recovery….
Spot Bitcoin ETFs Driving Growth Crypto expert Willy Woo believes Bitcoin is poised to skyrocket to $650,000, fueled by the growing popularity of Spot Bitcoin ETFs. These ETFs allow investors to trade Bitcoin directly on exchanges, increasing demand and potentially pushing the price up. Calculations for the Surge Woo’s calculations estimate that $2 trillion could…
Bitcoin Correction on the Horizon Crypto expert Cold Blooded Shiller warns that Bitcoin may be heading for a significant correction of up to 30%. Despite recent strength, the market’s volatility suggests a potential pullback. Historical Precedents Shiller notes that 30% pullbacks are common for Bitcoin historically. If this trend repeats, the price could drop to…
Losses Outpace Profits Bitcoin investors are facing a bumpy ride as the digital currency’s value fluctuates. Data shows that investors are currently losing more money than they’re making. This is a significant shift from the recent past, where profits dominated. Rollercoaster Ride Bitcoin’s price has been on a rollercoaster over the past 24 hours. It…
Miners’ Influence on Price In the early days of Bitcoin, miners had a significant impact on its price. However, as the market has matured, miners’ influence has waned. This is due to increased diversification of Bitcoin holders and the growth of sophisticated financial instruments. Halvings and Monetary Policy Bitcoin halvings occur during key economic turning…
Misconception: Bitcoin Will Hit Another ATH Analysts believe that the current Bitcoin rally is not a sign of an early bull run. They dismiss claims that Bitcoin’s recent all-time high indicates continued gains. Pre-Halving Dips: A Historical Trend Historically, Bitcoin and altcoins have experienced significant dips before halving events. The current pre-halving dip is within…
Loss of Income The upcoming Bitcoin Halving will cut miners’ rewards in half, from 6.25 BTC to 3.125 BTC per block. This will result in a significant loss of revenue for miners, estimated at up to $10 billion annually. Cushioning the Blow Miners are exploring ways to mitigate the revenue loss. Some are investing in…
Bitcoin took a tumble over the weekend, falling to $60,850 before recovering to around $64,500. This sudden drop has sparked a lot of questions. The “End Run” Theory Peter Brandt, a veteran trader, believes the price action is a potential turning point. He calls it an “end run,” a maneuver to bypass obstacles and gain…
Bitcoin’s Rise in Sports Brazilian UFC fighter Renato Moicano made headlines by demanding his $300,000 bonus in Bitcoin. This move reflects the growing popularity of cryptocurrency in the sports industry. Moicano’s Request After his victory at UFC 300, Moicano expressed his support for Bitcoin and requested that his bonus be paid in the cryptocurrency. His…
Bitcoin has caught the attention of investors again. Some analysts believe it could see a significant price drop before the next halving event. Historical Patterns Analyst Rekt Capital has studied past Bitcoin cycles. In 2016 and 2020, Bitcoin experienced retracements of around 30% and 20%, respectively. This suggests that a more substantial downturn of around…
