History Repeating Itself? Crypto analyst TechDev has noticed a striking similarity between Bitcoin’s current price action and its behavior in 2017, when it soared by 1,200%. The chart he shared shows that Bitcoin’s price has been following a similar trajectory to the bull run of 2017. Consolidation and Breakout After the collapse of FTX, Bitcoin…
Retail Investors Dumping Their Holdings As Bitcoin’s price soared past $67,000, small-time investors (those holding less than 0.1 BTC) have been selling their coins. This has put pressure on the price, but it’s not necessarily a bad thing. Historically Bullish Historically, when small investors sell, it often indicates that larger investors are buying. This redistribution…
Technical Pattern Points to Price Surge A crucial Bitcoin metric, the Stablecoin Supply Ratio (SSR) Oscillator, has turned bullish, indicating a potential rally for the world’s largest cryptocurrency. SSR Oscillator Explained The SSR Oscillator compares the supply of stablecoins to Bitcoin to assess market sentiment. When the oscillator falls below the lower Bollinger Band, it…
Crypto analyst Ted has shared evidence that suggests the current Bitcoin bull run is far from over. Here are four key reasons why: 1. Liquidity Cycle Bitcoin follows a 65-month liquidity cycle, which is currently in an expansion phase that began in October 2023. This expansion is expected to peak in 2026, coinciding with central…
Bitcoin’s Rise to $67,000 Bitcoin has been on a roll lately, climbing back above $67,000 for the first time in a month. According to CryptoQuant, a leading blockchain analytics firm, several factors contributed to this surge: Lower-than-expected inflation: News of slowing inflation in the US boosted the appeal of risky assets like Bitcoin. Reduced selling…
Bitcoin’s Recent Rise Bitcoin jumped 2.9% on Friday, surpassing $67,000 for the first time since April. This surge is attributed to low inflation data. Tether’s Role Blockchain platform LookonChain reports that Tether Treasury has minted an additional $1 billion USDT. This stablecoin has a market cap of $111.25 billion, making it the most dominant in…
Understanding what drives Bitcoin’s price is crucial for investors. Cryptocurrency expert Ali Martinez has shed light on this by using the basic economic principles of supply and demand. Supply and Demand Basics Like any asset, Bitcoin’s price is influenced by the relationship between supply and demand. When supply exceeds demand, prices tend to fall. Conversely,…
Crypto analyst Crypto Jebb has spotted an inverse head and shoulders pattern on the Bitcoin chart, signaling a potential surge in price. The Pattern and Its Implications The inverse head and shoulders pattern suggests that Bitcoin could break out and reach $70,000. The pattern’s target price is $75,000, indicating a new all-time high. Likelihood of…
The Quiet and Trending Phase Bitcoin has been facing a lot of selling pressure lately, with over 1.5 million BTC being sold. But despite this, the price has only dropped by about 20%. This shows that Bitcoin has strong support levels. Volatility: Not Always a Bad Thing Bitcoin’s volatility has been decreasing lately. This is…
Inflation Data Surprise The Consumer Price Index (CPI) data released on May 15 showed inflation was lower than expected, coming in at 0.3% instead of the forecasted 0.4%. This suggests that inflation may be slowing down in the US. Institutional Investments Reports indicate that notable institutions are investing heavily in Bitcoin. The State of Wisconsin…
