As Bitcoin’s price continues to swing, investors are wondering when it will hit its lowest point. Some believe it’s already happened, while others predict further declines. Expert’s Prediction Dave the Wave, a crypto expert who accurately predicted the 2021 Bitcoin peak, has now made a prediction for the bottom in 2024. Indicators of a Bottom…
Mt. Gox Preparing for Distribution Mt. Gox, the Tokyo-based Bitcoin exchange, is set to release a huge chunk of Bitcoin (BTC) and Bitcoin Cash (BCH) into the market. This move is part of the ongoing process to compensate creditors who lost funds in the 2011 hack. The Kraken API interface shows that Mt. Gox is…
A Key Threshold to Watch Bitcoin analyst Titan of Crypto has identified $61,500 as a critical price level to monitor. This level is seen as a pivotal point that could determine Bitcoin’s future trajectory. Market Volatility Expected Titan warns of potential market volatility around Federal Reserve Chair Jerome Powell’s speech today. He advises holding off…
CPI Preview The Consumer Price Index (CPI) report, due out on May 15th, is expected to significantly impact Bitcoin’s price. Bitcoin has been sensitive to macroeconomic news lately, making this report particularly important. What to Expect Analysts predict a slight slowdown in inflation for April, with a year-over-year increase of 3.4% and a month-to-month increase…
Metaplanet’s Bold Move Metaplanet, an investment firm, has made a bold decision: they’re making Bitcoin their only strategic reserve asset. This move signals growing confidence in Bitcoin as a store of value and a hedge against economic uncertainty. Yen Woes Drive Bitcoin Adoption Metaplanet’s decision comes at a time when Japan is facing economic pressures….
Technical Analysis Crypto analyst Christopher Inks has analyzed Bitcoin’s price movements using technical indicators. He identifies key support (S1, S2) and resistance (R1, R2) levels. Breakout Signal Inks believes a breakout above $63,000 would signal a reversal from the bearish trend. This level represents a confluence of technical elements, including the daily pivot point and…
Strength of Bitcoin Underestimated Despite recent price fluctuations, cryptocurrency analyst Crypto Jelle believes Bitcoin’s bull run is far from over. He argues that Bitcoin’s consolidation around its previous all-time highs indicates its strength and potential for further gains. Pullbacks Are Normal Jelle emphasizes that pullbacks are normal in bull markets and help to remove excess…
Analyst’s Insights Analyst Ali Martinez believes that Bitcoin can reach $76,610 if it can break above $64,290. However, if it fails to do so, it could fall back to $51,970. Technical Analysis Martinez’s analysis is based on MVRV bands, which show that $51,970 is a significant support level. Currently, Bitcoin is struggling to break above…
Bitcoin has been on a downward trend since hitting its peak in March. Initially, many traders were buying the dip, expecting the correction to end soon and Bitcoin to surge again. Fading “Buy the Dip” Sentiment However, according to Santiment, the excitement for buying cheap Bitcoin is waning as the price hovers around $60,000. This…
Bitcoin’s price has been hovering around the same level since its peak in March. This has made investors nervous, especially since it recently fell below $60,000. But it’s not just the price that’s slowing down. Data from Santiment shows that activity on the Bitcoin network has also dropped over the past few months. Low Activity:…
