Bitcoin’s price is back above $100,000, sparking debate about how high it might go. Let’s look at what some analysts are saying. A $170,000 Bitcoin? Analyst Tony Severino thinks Bitcoin could reach $170,000. He bases this on a potential 90% price surge from current levels. He sees this as a likely cycle top. He also…
Bitcoin’s price has bounced back above $97,000, but not everyone’s celebrating. While this looks positive, many traders remain cautious. Traders’ Shifting Sentiment Despite the price recovery, a significant number of Bitcoin traders on Binance are still betting against further price increases. The percentage of traders expecting a price rise dropped from 66.35% to 55.22% in…
Bitcoin’s price has taken a bit of a tumble. After hitting a high of $108,000 in December 2024, it’s now around $96,000. This has some people worried, but not everyone. Tom Lee’s Optimistic Take Fundstrat’s Tom Lee remains bullish on Bitcoin. In a recent CNBC interview, he addressed concerns about the price drop, stating that…
A crypto analyst believes Bitcoin is poised to surge past $100,000, based on a specific chart pattern. Let’s break it down. The Falling Wedge: A Bullish Sign? The analyst, using a 4-hour chart, spotted a “falling wedge” pattern. In technical analysis, this is often a bullish indicator. This prediction comes after dismissing an earlier “head-and-shoulders”…
A crypto analyst, MadWhale, who accurately predicted Bitcoin’s plunge to $89,000, is now forecasting a significant price increase. Let’s dive into their prediction and what other analysts are saying. MadWhale’s Bullish Outlook MadWhale believes Bitcoin could surge by 17%, reaching a new high of $110,000. Their optimism stems from several factors: Increased Market Volume: After…
Michael Saylor, the head of MicroStrategy, is urging companies to ditch traditional bonds and embrace Bitcoin. He’s calling bonds “toxic” and says businesses are missing out on a huge opportunity. Why Bitcoin? Saylor’s Argument Saylor’s argument is simple: Bitcoin’s performance has been far superior to bonds in recent years. He points to MicroStrategy’s own success…
Fundstrat’s CEO, Tom Lee, recently shared his predictions for Bitcoin’s future on CNBC. He believes Bitcoin could see a price drop before a significant rebound. Bitcoin’s Potential Dip Lee thinks Bitcoin, currently down about 15% from its peak, might fall further. He mentioned $70,000 as a possible support level, but suggested a drop to the…
Bitcoin exchange-traded funds (ETFs) are having a moment. After a slow start to the year, interest has exploded. A Big Jump in Bitcoin ETF Inflows Data from Glassnode shows a huge surge in Bitcoin ETF inflows. The week ending January 6th saw a massive 17,567 BTC (about $1.7 billion) flowing into these funds. That’s more…
Bitcoin (BTC) started the week poorly, hitting its lowest point in over a month. Many analysts think it might drop further before climbing again. A Rocky Start to the Week Bitcoin fell 5.8% on Monday, reaching $90,300 – its lowest since November 18th. This was a big drop after a positive end to last week,…
Bitcoin’s been hanging around $94,000 for the past week, with no clear direction. An analyst says this is because of big “liquidity blocks” between $86,000 and $104,000. This means there’s a good chance of either a jump to $104,000 or a drop to $86,000. Massive Liquidity Blocks: A Tight Squeeze Recent price action hasn’t given…
