Bitcoin’s price has taken a serious dive. After hitting a high of almost $100,000, it’s now hovering around $90,000 – a significant drop. This downturn is raising concerns and prompting predictions of further declines. Experts Weigh In: A Possible $73,000 Bottom? Several experts are sharing their outlooks on Bitcoin’s future. Ari Paul, from BlockTower Capital,…
Bitcoin’s price is stuck in a tight range, and experts are predicting a potential drop. One analyst, Hamed_AZ on TradingView, thinks a fall to around $85,000 is the most likely scenario. The Bearish Case: Down to $85,000 Hamed_AZ sees Bitcoin continuing its sideways movement, unable to break out of its current consolidation zone. He points…
A recent report by Joe Consorti, Head of Growth at Theya, debunks claims that Bitcoin’s price is artificially suppressed. Consorti’s analysis focuses on on-chain data, revealing a more natural explanation for Bitcoin’s current price behavior. The “Boring” Consolidation Period The idea that Bitcoin’s relatively stable price is the result of manipulation is a common argument….
Bitcoin’s price has been a bit of a rollercoaster lately. Let’s break down what’s happening. February’s Wobbly Bitcoin February wasn’t kind to Bitcoin. It dipped about 8.6% over the month, leaving investors a little nervous. Last week alone saw a 2.24% drop. One crypto analysis group, More Crypto Online, offered some insights into what might…
Binance’s former CEO, Changpeng Zhao (CZ), recently declared that Bitcoin is inescapable, sparking a lively debate in the crypto world. This statement follows news of another US state joining the growing movement to establish its own Bitcoin reserve. States Embrace Bitcoin Reserves Several US states are pushing forward with legislation to create their own Strategic…
Coinbase CEO Brian Armstrong recently dropped a bombshell: he thinks Bitcoin is kind of like a meme coin. This sparked a huge debate in the crypto world. Bitcoin’s Value: Belief Over Bricks and Mortar Armstrong’s main point? Bitcoin’s value isn’t tied to anything tangible like gold or its usefulness. It’s all about collective belief. He…
Bitcoin’s price recently exploded, surpassing $98,000. This has sparked a heated debate: is $100,000 next, or is this a short-lived pump about to crash? High Leverage, High Risk? Several market analysts point to a concerning trend: high leverage and a massive increase in open interest (OI). One analyst noted a $2.4 billion jump in Bitcoin’s…
Bitcoin’s been stuck below $100,000 since early February. The excitement around Trump’s administration and crypto has cooled off, slowing the bull run. But don’t count Bitcoin out just yet! Bitcoin’s Quiet Accumulation Technical analysts see this lull as a buying opportunity—a “re-accumulation phase.” This is a pattern seen before major price jumps. Interestingly, the dominance…
Ryan Cohen, CEO of GameStop, recently followed Bitcoin Magazine on X (formerly Twitter), sparking a flurry of speculation within the crypto community. This is the first time in years he’s followed an account other than GameStop’s official one. This follows a photo of Cohen with Michael Saylor (MicroStrategy’s CEO, a big Bitcoin proponent) two weeks…
The Federal Reserve recently hinted that it might stop, or at least slow down, its quantitative tightening (QT) program. This has Bitcoin enthusiasts pretty excited. What’s the Big Deal About QT Ending? QT is basically the Fed shrinking its balance sheet – selling off assets. Ending it, or slowing it down, means more money potentially…
