A Taiwanese lawmaker, Ko Ju-Chun, is pushing for the government to add Bitcoin to the country’s financial reserves. He believes this would help protect Taiwan’s economy from major financial shocks. Bitcoin as a Shock Absorber Ju-Chun argues that Bitcoin’s proven resilience against global economic fluctuations makes it a valuable addition to Taiwan’s existing gold and…
Bitcoin’s price recently blasted past $100,000, surprising everyone after months of bearish predictions. CryptoQuant’s CEO, Ki Young Ju, has completely changed his tune, going from bearish to bullish. He says it’s time to ditch the old ways of predicting market cycles. The Market’s Evolved Ju explains that the Bitcoin market isn’t driven by the same…
Bitcoin’s recent surge past $104,000 has sparked some bold predictions about its future price. One expert believes a massive price jump is just around the corner. A 10x Increase? Muneeb Ali, a prominent figure in the Bitcoin space, predicts another tenfold increase in Bitcoin’s price, taking it to $1,000,000. He points to Bitcoin’s historical price…
Raoul Pal, a well-known trader and founder of Real Vision, thinks Bitcoin’s dominance might be peaking. He’s predicting a shift in the crypto market. Technical Signals Suggest a Turning Point Pal’s prediction is based on DeMark Indicators, a technical analysis tool. These indicators, according to Pal, are flashing “top” signals across daily, weekly, and monthly…
Bitcoin is making headlines again, and not just for its price. A specific technical signal is flashing, and it’s got analysts buzzing about a potential price explosion. The Bollinger Band Bounce: A History of Success One analyst, looking at Bitcoin’s weekly chart, spotted something interesting: a pattern involving the Bollinger Bands. This technical indicator helps…
Market analyst Miya has a bold prediction: Bitcoin will reach $110,000 by year’s end. She bases this on her analysis of current economic conditions and believes a stock market downturn will actually boost Bitcoin’s price. Why $110,000 Bitcoin? A Flight to Safety? Miya’s analysis, titled “The Big Short against Retail,” forecasts a drop in the…
Bitcoin’s price action has analysts divided. While some see a continued bull run, others warn of potential trouble ahead. Let’s examine the different perspectives. Elliott Wave Theory: Bullish Outlook Analyst Tolimanu uses the Elliott Wave Theory to predict Bitcoin’s future. This theory suggests that a five-wave upward movement indicates a primary trend, followed by a…
Bitcoin recently hit a new high above $97,000, but then dipped slightly to around $94,000. While short-term price swings are making traders nervous, some longer-term indicators suggest a potential bullish shift. A Bullish Index? One key indicator, the Bitcoin Composite Index v2.0, currently sits at 0.8. This index combines price action with blockchain activity to…
Bitcoin’s recent surge to $97,000 ended with a rejection, leaving many wondering what’s next for the king of crypto. Several analysts have weighed in, offering insights based on different technical indicators. Technical Indicators Point to Potential Downturn Technical expert Tony Severino used the LMACD indicator across multiple Bitcoin timeframes (daily, weekly, monthly). His analysis suggests…
Bitcoin’s been acting a little shy lately, hovering just below some important average prices. This could mean it’s losing steam. Bitcoin’s Price Dip Right now, Bitcoin’s trading below its 25-hour and 50-hour average prices. This isn’t a good sign for those hoping for a price increase. It looks like the bears (those betting the price…
