Crypto analyst Dave the Wave remains optimistic about Bitcoin’s prospects despite recent setbacks. Short-Term Targets Dave the Wave predicts Bitcoin will rise above $100,000 later this year. He believes the cryptocurrency will continue its upward trend as long as it remains above a specific support line. Long-Term Goals Based on his logarithmic growth channel indicator,…
$100,000 on the Horizon Analyst CrediBULL Crypto predicts Bitcoin will soar to $100,000 soon, within the next 7-10 days. He believes the recent price drop was the worst Bitcoin will experience, with the downside now limited to $60,000. Bullish Indicators CrediBULL Crypto notes positive signs, such as a drop in open interest and a return…
Bill Miller, a financial expert and investor, believes Bitcoin is still undervalued. He sees it as a potential replacement for traditional currencies, which he believes are prone to manipulation and devaluation. Bitcoin’s Early Stages Miller has been bullish on Bitcoin since 2015. He believes it’s still in the early stages of a major shift in…
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Recent Weakness Bitcoin has recently dipped below $68,000, but analysts believe it’s a temporary setback. Liquidity Zone: A Potential Catalyst Analyst Dippy predicts that Bitcoin could surge above $73,000, a level where many short traders have placed their stop losses. This could trigger a wave of liquidations, pushing the price even higher. Bearish Scenario Dippy…
Bitcoin has taken a tumble this week, dropping below several support levels. After falling below $71,000, it’s now hovering around $67,000, signaling a potential downtrend. Consolidation Zone Crypto analyst Bitcoin Signals has identified a consolidation zone between $67,000 and $72,000. This suggests a short-term correction is underway, with the price fluctuating within this range. Falling…
Factors Contributing to the Decline 1. Federal Reserve Meeting Jitters Investors are holding back before the Federal Reserve’s meeting on Wednesday. The Fed is expected to keep interest rates unchanged but may adopt a more cautious stance. Higher interest rates tend to make non-yielding assets like Bitcoin less attractive. 2. Increased Selling Pressure A surge…
Bitcoin (BTC), the top cryptocurrency, is facing further declines as the market becomes increasingly pessimistic. Key Support Levels Breaking BTC is struggling to hold onto crucial support levels, signaling a potential for more losses. Factors Contributing to Bearishness Economic pressures Regulatory concerns Technical indicators Technical Analysis Indicates Further Decline 4-hour chart: BTC has fallen below…
Whales Accumulate Bitcoin Big investors, known as whales, have been buying Bitcoin like crazy, adding nearly $1 billion worth daily. This shows their belief in Bitcoin’s long-term potential and is seen as a bullish sign. Retail Investors Join the Party Not just whales, but everyday investors are also getting into Bitcoin. The number of addresses…
Market Volatility and Emotional Reactions Renowned crypto analyst Cold Blooded Shiller (@ColdBloodShill) recently shared his insights on Bitcoin’s current state amid market volatility. He emphasized the exaggerated emotional responses to single events, highlighting the importance of staying calm and rational. Technical Analysis Despite price fluctuations, Shiller believes Bitcoin is in an uptrend. However, he identifies…
