The Bitcoin market has been a bit sluggish lately, making some wonder if the bull run is over. But there’s one metric that could give us a clue. Mean Dollar Invested Age This metric tracks how long Bitcoin has been sitting in the same wallets. When it’s going up, it means investors are holding onto…
Price Surge May Not Be Immediate Hannah Phung, an analyst at SpotOnChain, believes that Bitcoin’s price may not rise immediately after the Halving. Historically, significant price gains have occurred 6-12 months after the event. Supply and Demand The Halving reduces the supply of Bitcoin, which can drive up its price, especially when demand is stable….
Bitcoin is hovering around $70,000, and crypto enthusiasts are feeling optimistic about its growth before the upcoming halving event. Analyst’s Market Insights Rekt Capital, a cryptocurrency analyst, has outlined three distinct stages of the halving event for investors: Pre-Halving Retrace Bitcoin experienced an 18% pullback, which is lower than previous halvings. This was the last…
Wealthy Individuals Flock to Bitcoin Barbara Goldstein, Managing Partner at R360, an exclusive networking club for the super-rich, reveals that Bitcoin is gaining popularity among the ultra-wealthy. Members of the club have expressed optimism about its potential as a lucrative investment. Factors Driving Bitcoin’s Appeal Goldstein cites several reasons for Bitcoin’s growing appeal: Upcoming Bitcoin…
Breaking Barriers Bitcoin has soared past $70,000, showing its strength and potential for further gains. $82,000 Target Remains Cryptocurrency expert Crypto Jelle predicts that Bitcoin will reach $82,000 soon. He believes the coin has overcome a major obstacle and is poised for a rally. Patience Pays Off Jelle advises investors to hold onto their Bitcoin…
Introduction The Bitcoin Halving is a major event that occurs every four years. It’s designed to reduce the supply of new Bitcoins, which can have a significant impact on price. Past Performance 2012 Halving: Bitcoin price increased by 10,000% within a year. 2016 Halving: Bitcoin price rallied by 3,400% in 16 months. 2020 Halving: Bitcoin…
China’s Economic Crisis China is facing a major economic crisis, with a high debt-to-GDP ratio and a collapsing housing market. This has led to a massive outflow of capital from China, as investors seek safer investment options. Hong Kong’s Spot Bitcoin ETFs Hong Kong is considering approving spot Bitcoin ETFs, which would allow investors to…
Demand from Whales and Long-Term Holders CryptoQuant analysts have found that the upcoming Bitcoin halving in April is no longer the main factor driving the price of BTC. Instead, demand from large-scale investors (whales) and long-term holders is now the primary force pushing the price up. Permanent Holders Outpacing Issuance For the first time ever,…
Bitcoin, the crypto king, has been on a wild ride lately. It almost broke its record high over the weekend, but then it suddenly dropped below $70,000. This has investors wondering if it’s still possible to reach $80,000. Weekend Gains Wiped Out Just a few days ago, Bitcoin was soaring to near-record highs of over…
Inflation Data Concerns The Consumer Price Index (CPI) data release on April 10 is expected to show a rise in inflation. This could prompt the Federal Reserve to raise interest rates, which is typically bearish for Bitcoin. Investors are cautious ahead of the report, leading to a decline in Bitcoin’s price. Spot Bitcoin ETFs Spot…
