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…
Introduction Despite the influx of over $5 billion in new assets through Exchange-Traded Funds (ETFs) by BlackRock and Fidelity, the Bitcoin price has fallen by 13%. Fred Krueger, the former founder and chairman of Traffic Marketplace, offers insights into this seemingly paradoxical situation. Arbitrage Traders’ Strategy In late June 2023, arbitrage traders anticipated the ETF…
In the ever-dynamic world of cryptocurrency, all eyes are once again on Bitcoin as it experiences a noteworthy shift in its price. Tether’s recent spree of minting activity has sparked lively discussions and in-depth analyses within the crypto community. Bitcoin’s Value Shoots Past $43,000 Today, Bitcoin’s value soared past the $43,000 mark, propelled by Tether’s…
So, there’s this trader who really nailed the 2023 crypto breakout, and guess what? They’re still singing the praises of Bitcoin (BTC), even though it took a dip below $40,000 recently. In a recent chat with their 56,700 YouTube pals, the mysterious analyst known as DonAlt spilled the beans, saying that despite the whole Bitcoin…
Hey crypto enthusiasts! Benjamin Cowen, the go-to guy for crypto analysis, just dropped some interesting thoughts on Bitcoin’s current situation. Hold on to your hats because there might be a storm brewing. In his latest chat with the 789,000-strong YouTube crew, Cowen dives into the charts, and what he sees is intriguing. The 20-week simple…
Bitcoin might be in for a rough ride, according to analyst Benjamin Cowen. With the cryptocurrency currently hovering around $40,000, Cowen suggests that history might be repeating itself, signaling a potential correction phase. Cowen, addressing his 789,000 YouTube followers in a recent strategy session, points to a pattern in Bitcoin’s historical behavior. He notes that…
Guess what, folks? Kevin Svenson, the crypto wizard with a cool 71,300 subscribers on YouTube, is dishing out his insights on Bitcoin’s future journey. No crystal ball here, just some good old analysis. So, what’s his secret sauce? Well, he’s got his eyes on the S&P 500, the index that keeps tabs on the big…
