Bitcoin’s Stalled Rally Despite the recent halving event, Bitcoin’s price has remained stuck in a narrow range. Investors are growing impatient and calling for a sell-off. Increased Sell Calls on Social Media According to Santiment, social media posts about selling Bitcoin have spiked. This indicates a shift in sentiment, with bearish calls outweighing bullish ones….
Crypto Market on the Brink of Revolution Crypto analyst Doctor Profit predicts a huge surge in Bitcoin and the broader crypto market, calling it the “third Industrial Revolution.” He urges investors to jump on board or risk regretting it. Bitcoin’s Target: $84,000 Profit believes Bitcoin will reach $84,000 after breaking out of its current trading…
Despite the recent Bitcoin halving, analyst Ali Martinez has issued a bearish signal, predicting a potential price correction to $59,000. Short-Term Declines Martinez’s analysis suggests that Bitcoin may experience short-term declines due to: A red candlestick from the TD Sequential indicator A death cross between the 50 and 100 Simple Moving Average (SMA) This could…
Outflows Hit Spot Bitcoin ETFs Spot Bitcoin ETFs have seen a sharp decline in demand this month, with significant outflows recorded on April 26. Grayscale’s Bitcoin Trust (GBTC) led the outflows, with investors withdrawing $139.4 million. Other funds, including Ark Invest, Valkyrie, and Bitwise, also saw notable outflows. Sell-Offs Pressure Bitcoin Price The outflows have…
The rollercoaster ride of Bitcoin continues, with a recent crash from its record high of over $73,000. This has sparked a wave of pessimism, leading many traders to bet against the cryptocurrency. However, these “bears” could be in for a rude awakening if Bitcoin rebounds. Bears Risk Losing $7.2 Billion Crypto analyst Ash Crypto shared…
Economist’s Warning Peter Schiff, a well-known Bitcoin critic, predicts a potential decline in Bitcoin’s price if it drops below $60,000. He believes that Bitcoin’s current position is not favorable for investors. Importance of Support Levels Schiff emphasizes the importance of Bitcoin holding above $60,000. If it fails to do so, he warns of a significant…
Funding Rate Dip: A Brief Bearish Blip After the recent Bitcoin halving, the funding rate briefly dipped into negative territory, indicating a bearish outlook. However, this dip was short-lived. Renewed Bullishness Following the halving, the funding rate quickly recovered and is now positive, suggesting a return to a bullish market sentiment. Increased Open Interest The…
Consolidation Phase Bitcoin has been consolidating recently, according to analyst Rekt Capital. This is similar to what happened before previous “Halvings” (when the supply of new Bitcoins is halved). “Parabolic Upside” Rekt Capital believes Bitcoin is preparing for a “parabolic upside,” a period of rapid price increase. He points to the fact that Bitcoin has…
After a rocky start, Bitcoin has rebounded and is now hovering around $66,000. Crypto analysts are predicting a bright future for the coin, with some suggesting it could hit $100,000 soon. Rally to $100,000 Captain Faibik, a crypto analyst, believes Bitcoin has found support at $60,000 and is now on its way back up. He…
Market Dynamics Despite the recent Bitcoin halving, the market remains positive. Bitfinex’s analysis shows: Increased Exchange Withdrawals: Investors are moving Bitcoin to cold storage, indicating anticipation of price increases. Strong Demand: New market participants are absorbing selling pressure, preventing a pre-halving price decline. ETF Inflows: Spot Bitcoin ETFs are seeing significant inflows, creating a supply-demand…
