Analyst Josh Olszewicz believes Bitcoin is on the verge of a major breakout if it can overcome the crucial $72,000 resistance level. Technical Analysis Ichimoku Cloud: Bitcoin’s price is above the cloud, indicating a bullish trend. Fibonacci Extensions: The 1.0 extension is at $71,897.29, aligning with the key resistance level. Volume Profile: Declining volume suggests…
The Halving Effect: A Catalyst for Growth A crypto analyst predicts that Bitcoin could reach $156,000 by May 2025. This prediction is based on the “halving” phenomenon, where the number of Bitcoins rewarded for mining is cut in half every four years. Historically, this has led to price increases: 2012 halving: 8,300% increase 2016 halving:…
What Whales Are Doing Major Bitcoin holders, known as “whales,” are changing the distribution of liquidity. They’re reducing sell orders at higher prices and increasing buy orders between $60,000 and $67,000. This is pushing Bitcoin into a narrower price range. Bullish Outlook Despite recent price fluctuations, analysts remain optimistic about Bitcoin’s long-term prospects. They cite…
Amidst the positive vibes in the crypto world, Crypto Con, a well-known crypto expert, has shared his bullish view on Bitcoin. He believes that Bitcoin has the potential to reach $123,832 in the coming months based on historical patterns. Price Bands and Target Crypto Con’s analysis focuses on Bitcoin’s price bands, with level 3 being…
Massive Bitcoin Transfer On May 27, Mt. Gox, a bankrupt Bitcoin exchange, moved 42,830 BTC (worth $2.9 billion) to unknown wallets. This is the first such transfer in five years. Reason for Transfer Unknown The reason for the transfer is unclear, but it comes after Mt. Gox announced plans to compensate creditors who lost money…
Why the Halving Isn’t Priced In Bitcoin halvings, which occur every four years, reduce the rewards miners receive for processing transactions. This reduced supply typically leads to a price increase if demand remains the same or increases. According to Rekt Capital, a renowned crypto analyst, the market has not yet fully priced in the recent…
Whale Appetite Returns Bitcoin whales, individuals or organizations with massive Bitcoin holdings, have been buying up BTC in recent days. This surge in buying activity suggests that whales believe current prices are attractive. Indicators of Whale Activity Two key indicators track whale activity: Total whale holdings: The total amount of BTC held by whale addresses….
Growing Investor Interest Bitcoin spot ETFs have seen a remarkable turnaround in recent weeks, with positive inflows for two consecutive weeks. This shift reflects a surge in investor confidence in these investment products. Significant Inflows On Friday, May 24th, the US Bitcoin spot ETF market recorded a net inflow of $252 million, marking the 10th…
Post-Halving Consolidation After the Bitcoin halving in April, analysts observed a “post-halving danger zone” where the cryptocurrency lost 11% of its value. This was followed by an attempted breakout that was rejected at $71,500, the upper limit of a long-term consolidation phase. Expected Consolidation Period Analyst Rekt Capital predicts that Bitcoin will remain in consolidation…
Whales Accumulate Billions Bitcoin whales, investors with large holdings, have been on a buying spree, adding 20,000 BTC (worth $1.4 billion) to their wallets in the past week. This coincides with Bitcoin’s recent surge above $70,000. Institutional Investors Join the Party Institutional investors are also betting big on Bitcoin. Spot Bitcoin ETFs have seen inflows…
