A crypto analyst predicts that Bitcoin’s price could soar to $207,000 by June. This prediction is based on historical data that suggests a similar surge occurred after Bitcoin broke its previous all-time high. Historical Precedent In 2021, Bitcoin’s price tripled in just 103 days after breaking its previous ATH. The analyst believes this pattern could…
Bitcoin’s All-Time High Bitcoin soared to a record-breaking $69,200, sparking excitement among traders. However, the celebration was cut short when the price plummeted to $61,200. The Dormant Whale On-chain data revealed a dormant Bitcoin address holding $67.1 million worth of BTC. After 14 years of inactivity, the whale suddenly sold its entire stash. Whale’s Profit…
Bitcoin’s Price Trajectory As Bitcoin hovers near its all-time high, experts are eager to predict its next major move. Alex Thorn, a research expert, believes we’re about to “climb the wall of worry.” Historical Parallels In 2020, Bitcoin faced resistance near its previous all-time high of $20,000. It took several attempts before it finally broke…
Corrections Are Normal Bitcoin’s recent dip after reaching an all-time high is not surprising, according to market analyst Alex Thorn. In bull markets, corrections are common. Bitcoin experienced similar drops in 2021 and 2017. Profit-Taking Likely Crypto analyst Guy Turner suggests that profit-taking contributed to the pullback. Investors may have sold their Bitcoin after its…
Sell Signal Flashes Crypto analyst Ali Martinez has identified a sell signal from the Tom DeMark (TD) Sequential indicator on Bitcoin’s daily chart. This indicator has a strong track record of predicting Bitcoin trends, suggesting a potential correction. Historical Accuracy Martinez notes that the TD Sequential indicator has accurately predicted Bitcoin’s price movements in the…
The Federal Reserve’s Bank Term Funding Program (BTFP) is coming to an end on March 11, 2024, leaving the Bitcoin and crypto market on edge. BTFP Closure and Its Impact on Bitcoin The BTFP has been a lifeline for US banks, providing loans to ensure liquidity during turbulent times. Its closure could affect banks’ ability…
Marc van der Chijs, CEO of Bitcoin mining firm Hut 8, believes Bitcoin is on the verge of a prolonged period of growth known as a “supercycle.” What is a Supercycle? Unlike regular market cycles, a supercycle is an extended period of bullish growth lasting several years. It’s characterized by: Increased adoption Higher demand Rising…
Bitcoin has surged to a two-year high, breaking past $68,000 on Monday. The surge was driven by increased investment in Bitcoin funds listed in the United States. Bitcoin’s Upward Trajectory Bitcoin’s price has been on an incredible upward trajectory, fueled by growing interest and optimism in the market. The recent adoption of spot Bitcoin ETFs…
Bitcoin’s upward momentum continues, reaching $68,000 today. Analysts speculate on when it will hit a new high. $70,000 Within Reach Crypto analysts are bullish on Bitcoin, believing it could soon reach a new peak. It recently touched $68,000 for the first time in almost 3 years. Cryptocurrency analyst Crypto Jelle predicts Bitcoin is “inches away”…
Strong Fundamentals Driving Growth Bitcoin surged over $18,000 in February, and the momentum continues in March. Analyst Markus Thielen believes Bitcoin is poised for another all-time high this week. Institutional buying remains strong in the US and other countries, including Korea. Demand for altcoins and meme coins is also increasing. Anticipated launch of Bitcoin ETFs…
