Cup and Handle Pattern A “Cup and Handle” pattern has emerged in Bitcoin’s price chart, indicating a potential rally. The cup represents a period of decline and consolidation, while the handle is a brief retracement. Validation of the Pattern Bitcoin’s price has completed the cup portion of the pattern, recovering from its lows. The handle…
Bitcoin Bulls Back in Charge Bitcoin has regained its momentum, breaking past $52,000 after a brief dip below $50,000. Investors are confident in the digital asset’s future, shrugging off concerns about inflation. Surpassing $1 Trillion Market Cap This surge marks a milestone for Bitcoin, surpassing the $1 trillion market cap for the first time in…
On Tuesday, Bitcoin’s price took a dip from $49,900 to $48,300 after the release of US inflation data. The data came in higher than expected, with the headline CPI at 3.1% instead of 2.9% and the core CPI at 3.9% instead of 3.7%. This led to a negative reaction in the traditional financial market, dragging…
Bitcoin, the leading cryptocurrency, has recently surged in price, surpassing the $50,000 mark. This rally, coupled with a high reading on the Crypto Fear and Greed Index, indicates a market brimming with optimism but also raises concerns about potential overheating. Extreme Greed: Index Hits Highest Since ATH The Crypto Fear and Greed Index, a popular…
Bullish Outlook Tuur Demeester, a prominent Bitcoin expert and researcher, shared his optimistic predictions for Bitcoin’s future price, projecting a potential surge to between $200,000 and $600,000 by 2026. Stimulus-Fueled Rally Demeester’s forecast is rooted in the massive influx of global bailouts and stimulus measures, which he believes will significantly boost Bitcoin’s valuation. He attributes…
Halvings: A Key Event in Bitcoin’s Ecosystem Halvings, which occur every four years, reduce the reward for mining Bitcoin transactions by half. This event maintains Bitcoin’s scarcity and disinflationary profile, making it appealing to investors. However, price surges post-halving are not guaranteed, as investors may anticipate and buy in advance. Distinguishing Factors of the 2024…
After a turbulent 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Halving Event:…
Bitcoin is nearing the $50,000 mark after a week of bullish price action, a level not seen since December 2021. This surge has resulted in over 90% of Bitcoin addresses being in profit. 91% of Bitcoin Addresses Now Profitable as Price Nears $50,000 Bitcoin’s price action has been eventful, with a recent 14.4% growth to…
Analyst Adam Back’s Prediction Crypto analyst Adam Back predicts that Bitcoin (BTC) could hit $100,000 before the halving event in April. This is based on Bitcoin’s historical price data, which shows that it took 41 days for BTC to reach its previous ATH of $69,045 after crossing the $47,000 mark in October 2021. Dual Bull…
Surge to $100,000 This Year Kevin Svenson, a crypto analyst on YouTube, predicts a significant surge in Bitcoin’s price, reaching $100,000 this year. He believes that Bitcoin is poised for a parabolic increase after the halving in April, as the crypto is showing bullish signs on the weekly chart. The halving event, which cuts the…
