Is the Bull Run Over? Bitcoin’s recent drop below $60,000 has raised concerns, but analyst Marco Johanning believes it’s just a correction in an ongoing bull market. Indicators of a Bullish Trend Bitcoin reached its bear market bottom in 2022. It broke above the 200-day moving average in October 2023. Bitcoin achieved a new all-time…
Bitcoin has taken a beating in the past month, with a 20% drop from its all-time high. But amidst the chaos, some analysts see a glimmer of hope. A Tough Start for Bitcoin May has been a rough month for Bitcoin, which has fallen back to levels not seen since March. This is the biggest…
The Dip: Not a Cause for Panic Despite Bitcoin’s recent drop below $60,000, investors remain optimistic. Experts like Raoul Pal emphasize that such corrections are normal, with Bitcoin experiencing four similar dips in the past year. Bull Run Still on Track Alex Thorn and Rekt Capital remind us that bull markets are not linear. Bitcoin…
Raoul Pal, a financial expert, believes that the recent 20% correction in Bitcoin’s price is temporary. He predicts that the market will rebound and enter a period of intense euphoria known as the “Banana Zone.” “Banana Zone” Rally Pal has analyzed Bitcoin’s price movements over the past few years and identified a pattern that suggests…
Bitcoin has dropped below $60,000 for the first time in two months. After a period of excitement, the crypto market is starting to calm down. Fading Euphoria Glassnode, a data analysis company, reports that the hype surrounding Bitcoin has cooled off. Investors are now more inclined to sell than buy. Selling Pressure After reaching a…
Bitcoin (BTC) has taken a hit, dropping to $56,556 on Wednesday morning in Europe. This is the lowest point since late February. The downturn is the sharpest monthly decline since November 2022, with BTC falling about 7.5% in the last 24 hours. Reasons for the Dip 1. Anxiety Before FOMC Meeting Investors are anxious about…
Key Findings Analyst Captain Faibik predicts Bitcoin (BTC) could reach a new all-time high this month. BTC is currently testing the daily Moving Average 100 (MA100) level, which has historically provided support. BTC’s price action on the daily timeframe suggests a bullish rise. The daily Relative Strength Index (RSI) indicates a potential price recovery. BTC…
Current Market Conditions Bitcoin is currently trading around $60,000, a level that has historically marked a turning point in its market cycle. Analyst Predictions Analyst Checkmate predicts that Bitcoin is entering a “chopsolidation” phase, a period of sideways movement with high volatility. This phase could last for approximately six months, followed by a period of…
Why It Matters Crypto analyst Ali Martinez says that $59,800 is a crucial level for Bitcoin. If the price drops below this level, it could trigger significant corrections. The Short-Term Holder’s Realized Price The short-term holder’s (STH) realized price is the average price at which short-term Bitcoin investors bought their coins. A drop to $59,800…
Institutional Adoption and ETFs Lark Davis, a crypto expert, believes that Bitcoin is poised for a wild bull run due to several factors. One key factor is the growing institutional acceptance of Bitcoin. The recent approval of Bitcoin spot ETFs in the US and Hong Kong has led to a surge in institutional investment, with…
