Bitcoin has seen a remarkable surge of over 4% in the past 12 hours, breaking out of a recent lull. This follows a bull pennant breakout, with the price now targeting $55,000. Bullish Pennant Breakout The 4-hour Bitcoin (BTC/USD) chart shows the cryptocurrency trading at $44,609, having just broken out of a bullish pennant pattern….
Bitcoin (BTC) has made a remarkable comeback, reaching a four-week high of $44,300 and approaching the coveted $45,000 level. This surge is attributed to a combination of factors, including renewed accumulation by major investors, record highs in US equity markets, and a surprise regulatory change in Thailand. Whale Activity Fuels Bitcoin’s Resurgence Bitcoin’s rally was…
Bitcoin has been stuck in a sideways trend since mid-January, but a breakout could be just around the corner. The Bollinger Band Width (BBW) indicator suggests that the market is about to experience a period of high volatility. What is the BBW? The BBW is a technical indicator that measures the volatility of an asset….
Bitcoin Dominates Institutional Inflows Bitcoin saw a massive inflow of $703 million last week, accounting for 99% of all inflows into digital asset investment products. Solana came in second with a modest inflow of $13 million, outperforming Ethereum’s $6.4 million inflow. Spot Bitcoin ETFs Shine in the US Spot Bitcoin ETFs in the US attracted…
Why the Halving Event Will Send the Market Higher Crypto analyst James van Straten explains why the Bitcoin halving event is bullish for price. The halving is an event that occurs approximately every four years, cutting the block rewards in half. This means that the number of BTC that miners are awarded for mining a…
Cathie Wood, the CEO and CIO of ARK Invest, believes that Bitcoin has the potential to surpass gold as a valuable investment. Bitcoin vs. Gold In a recent interview on ARK Invest’s YouTube channel, Wood and ARK Invest’s Chief Futurist, Brett Winton, discussed Bitcoin’s historical and recent price movements in relation to gold. Wood described…
Key Factors Influencing Bitcoin’s Next Move Bitcoin’s recent price action has been marked by indecision, with the cryptocurrency trading sideways. Crypto analyst Eric Krown Crypto has identified key factors that will determine Bitcoin’s next move. Potential Correction Krown’s analysis using the Stochastic indicator suggests that Bitcoin is due for a correction. He believes a drop…
Charles Edwards, founder of Capriole Investments, predicts that Bitcoin’s price could skyrocket to $280,000 in the coming year. He bases this prediction on several factors, including: Historical data: Bitcoin’s price has historically increased significantly after halving events. In 2012, the price peaked at $1132, an 8,996% increase over 11 months. In 2016, the price reached…
Bitcoin, the leading cryptocurrency, is currently in a holding pattern, with prices hovering between $41,000 and $45,500. However, on-chain data reveals that large holders, known as whales, have been actively accumulating Bitcoin, pushing the total number of whale wallets to its highest level in 15 months. Large Holders Accumulating Bitcoin Whale wallets, holding between 1,000-10,000…
