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…
Bitcoin’s price has dipped back to $67,000 after a brief surge above $71,000. Analysts are closely monitoring the situation to determine the cryptocurrency’s next move. Bullish Scenario The recent drop below $70,000 has put Bitcoin in a critical position. However, the current level of $67,000 is crucial for its next steps. Analyst The Signalyst believes…
Bitcoin has taken a hit, dropping from $71,980 to $67,000. But don’t worry, says crypto analyst Jelle. Why Investors Should Stay Calm Jelle believes Bitcoin is still on track with the 2017 bull run. Once it breaks above $69,000, he predicts a surge to $100,000. Bullish Signs Key resistance levels have been broken. A bullish…
Key Support Levels and Patterns A crypto analyst predicts a major bull run for Bitcoin, suggesting it could reach $80,000 in this market cycle. They point to key support levels and technical patterns that support this forecast. High Open Interest and Whale Influence The analyst highlights the high Open Interest (OI) in Bitcoin’s perpetual futures…
Historical Trends and Indicators Crypto Con, a crypto analyst, has analyzed historical data to predict when Bitcoin might reach its peak in the current bull cycle. Based on the Stochastic Momentum Index (SMI) Ergodic Indicator, Bitcoin is currently where it should be in the cycle, with plenty of room for growth. Estimated Peak Timing Crypto…
Demand Still Low Glassnode, a data analytics company, has shed light on the recent dip in Bitcoin’s price below $70,000. According to their analysis, demand for Bitcoin is still relatively low. This is evident in the slowing down of new capital flowing into the Bitcoin network. Liquidity Injection Cools Off Glassnode also observed that the…
Bitcoin, the world’s most popular cryptocurrency, is on the cusp of a major move, but the direction remains uncertain. Bullish Outlook: Euphoric Bull Theory Analyst Checkmate predicts a surge to a new all-time high, signaling a shift to a “Euphoric Bull” phase. This theory is based on the Market Value to Realized Value (MVRV) ratio,…
