Bitcoin’s price has taken a tumble, falling below $66,000. Here are four reasons why: 1. Liquidation Event A lot of traders who had bet on Bitcoin going up (long positions) were forced to sell when the price dropped. This is called a liquidation event. It’s like a domino effect, where one sale triggers more sales,…
Mark Yusko’s Bold Prediction Mark Yusko, CEO of Morgan Creek Capital Management, believes Bitcoin is poised for a massive price surge in the next bull cycle. He predicts that BTC will hit $150,000 by 2024. Factors Driving the Price Increase Yusko cites several factors that will contribute to Bitcoin’s price increase: Bitcoin Halving: The upcoming…
Ethereum and Solana Poised for Growth Crypto analyst Jason Pizzino believes altcoins like Ethereum (ETH) and Solana (SOL) are poised for significant gains. He compares the current market situation to the previous bull run, where ETH consolidated while Bitcoin soared. Pizzino predicts that ETH and SOL could experience similar parabolic moves once Bitcoin cools off….
Countdown to the Halving The Bitcoin Halving is fast approaching, with only about 2,900 blocks left before the reward for miners is cut in half. This is expected to happen around April 19th, according to Coinwarz. What is the Halving? The Halving is a built-in mechanism in Bitcoin that reduces the reward for miners every…
Bitcoin had a rough start to the week with a sudden drop that sent its price below $69,000. While it’s recovered a bit since then, the damage is done. Thousands of Traders Liquidated The crash triggered a wave of liquidations, where traders lost their leveraged positions. Over 81,000 traders were flushed out, losing a whopping…
Breakout Process Analyst Rekt Capital believes Bitcoin has broken out of a weekly range that could lead to a surge. This range was defined by the 2021 candle peak and the 2021 upside wick. The first step in the breakout process was for Bitcoin to close above the range high of $69,200. This has occurred,…
Bitcoin investors are buzzing with anticipation as the cryptocurrency hovers around $70,000. And it’s not just individual investors driving the surge. Shark Accumulation “Sharks,” or addresses holding 100-1,000 BTC, have been making waves. In the past 30 days, they’ve accumulated a whopping 268,441 BTC, equivalent to $18 billion. This is the biggest net position change…
Bitcoin has been on a roll lately, giving us all some Easter-like vibes. This surge has lifted the whole crypto market, with other coins seeing some sweet gains too. Bullish Predictions A crypto expert named Ali Martinez thinks Bitcoin is about to make another jump. He’s spotted an “inverse head-and-shoulders” pattern on the charts, which…
Halving Impact on Supply and Demand Bitwise CEO Hunter Horsley predicts that the upcoming Bitcoin halving in April 2024 will have a significant impact on supply and demand. During the halving, the block reward for miners is reduced by half, which leads to a decrease in the token’s supply. Horsley points out that the previous…
Outflows Drop 60% Last week, investors were pulling out of the Grayscale Bitcoin ETF (GBTC) at a rapid pace. But this week, things have changed. Outflows have slowed down, reaching one of their lowest points for the month. On March 27th, 299.8 BTC left the fund. The next day, that number dropped to 104.9 BTC,…
