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Bitcoin’s recent price gains are hanging by a thread. Analysts are warning that a crucial support level needs to hold, or else we could see a major price drop, wiping out recent profits. The $93,500 Hurdle Crypto analyst Rekt Capital says Bitcoin needs to stay above $93,500. Falling below this level could trigger another crash….
Bitcoin exchange-traded funds (ETFs) saw a massive influx of cash this past week. A Pac-Man Frenzy Over $1.2 billion flowed into US-listed Bitcoin ETFs, with nearly a billion dollars pouring in on Tuesday alone! This brings the total assets under management (AUM) to a whopping $103 billion. This surge happened while Bitcoin’s price hit its…
Bitcoin’s recent performance has surprised many. Despite some headwinds, it’s shown remarkable resilience. Bitcoin’s Unexpected Rally Tuesday saw Bitcoin break the $94,000 barrier, a 26% increase since April 9th. This surge is attributed to a confluence of factors: geopolitical events, strategic balance sheet demand, and renewed exchange inflows. This positive momentum is also benefiting a…
Bitcoin has been on a roll lately, jumping over 10% this week and testing a crucial price point for the first time in ages. But will this rally continue, or is it just a temporary blip? Analysts are divided. Bitcoin Breaks Through Key Resistance Bitcoin’s recent surge follows a correction that saw it dip below…
Bitcoin’s price is making headlines, with analysts offering wildly different predictions. Let’s break down what some experts are saying. A Potential Crash? Analyst Melika Trader sees a bearish pattern developing – a “head and shoulders” formation. This pattern, according to Melika, suggests a significant price drop is coming. The Pattern: Melika says the left shoulder…
Bitcoin’s price jumped to over $89,000, its highest point since early April! This surge is fueled by a massive influx of cash into the crypto market. A Flood of Money into Bitcoin The price increase wasn’t just a small bump; it was accompanied by a huge $3.1 billion jump in “open interest” in just one…
Bitcoin hit a record high of over $109,000 earlier this year. But did that mark the peak of the market? Several technical indicators suggest it might have. The MVRV Z-Score Points Downward Analyst Tony Severino’s analysis combines the Market Value to Realized Value (MVRV) Z-Score and the Relative Strength Index (RSI) to paint a bearish…
A crypto analyst, Doctor Profit, made some bold Bitcoin price predictions back in March, and so far, they’ve been pretty spot-on. Let’s dive into what happened and what he expects next. March’s Prediction: A Bullseye? Doctor Profit’s analysis focused on Bitcoin’s relationship with the M2 money supply (a measure of money in circulation). He argued…
Bitcoin’s been on a bit of a rollercoaster lately. After hitting highs above $100,000, it tumbled below $80,000, leaving many wondering if the bull market is over. But there might still be hope. The $86,190 Hurdle According to crypto analyst RLinda, Bitcoin is showing some positive signs after a significant drop. However, it’s not a…
Bitcoin has been hovering around $85,000 for the past week, but a technical analysis suggests a potential downside. A Falling Wedge – Bullish or Bearish? Crypto analyst Xanrox sees a bearish signal in Bitcoin’s current “falling wedge” pattern. While falling wedges are often seen as bullish, Xanrox argues that this one, forming at the end…
