Hash Ribbons Indicator Charles Edwards, CEO of Capriole, a Bitcoin hedge fund, has spotted a buy signal in the “Hash Ribbons” indicator. This signal has historically signaled good times to buy Bitcoin. The Hash Ribbons indicator looks at mining data to predict when Bitcoin is a good buy. It looks at the difference between the…
Despite the recent dip below $70,000, crypto analyst Peter Brandt remains bullish on Bitcoin. He predicts that the cryptocurrency could surge to $150,000 by 2025. Bitcoin’s Halving Cycle Brandt’s prediction is based on Bitcoin’s halving cycle. Every four years, the rewards for mining Bitcoin are cut in half, reducing supply and potentially increasing demand. Past…
Bullish Pattern Emerges Crypto analyst Tara has spotted a positive pattern on Bitcoin’s chart, suggesting a significant price surge. She predicts a potential rally to $75,800, a new all-time high. Breakout and Retest Bitcoin recently broke through resistance on the Relative Strength Index (RSI) and retested the breakout level at $67,800. This indicates a possible…
Crypto analyst TechDev believes Bitcoin is on the verge of its most significant breakout yet. Historical Patterns and Technical Indicators TechDev’s analysis shows that Bitcoin has historically experienced parabolic price increases, known as “blowoff tops,” followed by corrections. However, the 2021 peak deviated from this pattern, suggesting a potential change in market behavior. Breakout from…
Euphoria Wave Bitcoin’s price has been volatile lately, but the good news is that the bull run may not be over yet. Recent data shows that Bitcoin has been in a “euphoria wave” for the past few months. This means that a large percentage of Bitcoin owners are making a profit. This phase typically lasts…
Bitcoin’s price has been falling after it couldn’t break through the $72,983 resistance level. It’s now trading below its 1-hour and 4-hour moving averages, which could mean a change in trend. Technical Analysis 4-Hour Chart: Bitcoin has fallen below its moving average, indicating a potential downward trend. The MACD histogram is below zero, suggesting a…
Confidence on the Rise Crypto investors are showing renewed faith in Bitcoin, as evidenced by a surge in accumulation by large-scale investors. Despite Bitcoin’s recent price struggles, investors remain optimistic about its long-term prospects. Bitcoin Leaves Exchanges Crypto analyst Ali Martinez reports a significant outflow of Bitcoin from centralized exchanges. Over $2.5 billion worth of…
Accumulation Phase CryptoQuant CEO Ki Young-Ju noticed similarities between Bitcoin’s current behavior and mid-2020. Back then, prices were stagnant, but there was a lot of activity behind the scenes. Young-Ju’s charts show a surge in the “realized cap for new whales” in mid-2020. This means large investors were buying up Bitcoin. Despite the current sideways…
Bearish Indicators Point to a Crash In May, crypto analyst Xanrox predicted a decline in Bitcoin’s price, which has since come to pass. Xanrox identified several bearish indicators: FVGAP at $62,000: A gap in the price chart that often signals a retracement. Elliott Wave Perspective: The completion of Wave 1 and the expected correction in…
BlackRock Overtakes Grayscale BlackRock’s iShares Bitcoin Trust has become the largest Bitcoin fund globally, dethroning its rival, Grayscale Bitcoin Trust (GBTC). As of May 28, BlackRock’s Spot Bitcoin ETF held $19.68 billion in assets under management (AUM), while Grayscale’s Bitcoin ETF held $19.65 billion. Grayscale’s Decline Since its conversion into an ETF in early 2024,…
