Inflows Drive Rally Bitcoin has surged 2.9% in the past 24 hours, hitting a high of $71,166. This rally is largely attributed to strong inflows into US spot Bitcoin ETFs. These ETFs have seen a record 16 consecutive days of net inflows, with yesterday alone seeing $886.6 million flowing in. Fidelity led the way with…
Banking Crisis Boosts Bitcoin Bitcoin, the digital currency, is making waves as the US banking system faces challenges. Some believe Bitcoin will skyrocket in value, while others remain cautious. Bitcoin: A Safe Haven? Bitcoin supporters argue that it’s a stable investment in uncertain times. Unlike traditional investments tied to banks, Bitcoin has a limited supply…
As the crypto market gears up for a potential bull run, a crypto analyst has shared their predictions for the prices of six major cryptocurrencies. Bitcoin: Aiming for $100,000 Crypto Emily believes Bitcoin will rise to $100,000, joining the ranks of those who believe it’s achievable. With Bitcoin’s current price, this represents a less than…
Billionaire Investor’s Forecast Venture capitalist Chamath Palihapitiya predicts Bitcoin could reach a staggering $500,000 by October 2025. This bold forecast is based on the historical trend of Bitcoin’s price surges after its “halving” cycles. Halving Cycles and Price Appreciation Palihapitiya analyzed Bitcoin’s performance after its previous halving events (when the number of new Bitcoins created…
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…
