Many crypto traders try to predict the best time to buy Bitcoin, hoping to catch it at its lowest point. One analyst, R.N. Elliot, believes he’s found that perfect time. The “Double Zigzag” Pattern Elliot uses a technical analysis tool called the “Elliot Wave” to predict Bitcoin’s price movements. He’s identified a “Double Zigzag” pattern,…
Bitcoin’s recent price jump, fueled by Fed Chair Jerome Powell’s speech, has everyone talking. Analysts at QCP Capital believe Bitcoin will continue to trade within a specific range until the end of the year. Interest Rates and Bitcoin QCP Capital is keeping a close eye on interest rate changes. They believe that lower interest rates…
Bitcoin has been a bit sleepy lately, but it woke up with a bang on Friday! After a slow week, the price of Bitcoin jumped by almost 7%, pushing it back above $64,000. This surge seems to have been sparked by Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic symposium. A Key…
The Fed’s Move and Bitcoin’s Surge Bitcoin recently saw a big jump after the Federal Reserve hinted at a possible interest rate cut. This unexpected news sent shockwaves through the market, making Bitcoin prices go up and down like a rollercoaster. But there’s good news for Bitcoin fans! On-Chain Data Shows Positive Signs CryptoQuant, a…
A top economist is predicting a wild ride for the markets, with Bitcoin soaring to new heights before a devastating recession hits. Bitcoin’s Blow-Off Top Henrik Zeberg, the head economist at Swissblock, believes a major market rally is coming, including a Bitcoin price surge to between $115,000 and $120,000. This spike, known as a “blow-off…
The crypto market has been a bit of a rollercoaster lately, and Bitcoin hasn’t been immune to the ups and downs. While many are hoping for a return to the bull market, some on-chain data suggests that things might not be as rosy as they seem. Selling Pressure in the Bitcoin Market A recent analysis…
Bitcoin has been stuck in a rut lately, failing to break above $65,000. While bulls and bears are battling it out, one analyst believes the market is leaning towards bearish territory. The Spot-Perpetual Gap: A Sign of Selling Pressure CryptoQuant analyst XBTManager has pointed out a concerning trend: the gap between Bitcoin’s spot price and…
The US government has been moving around Bitcoin seized from the infamous Silk Road marketplace, and a lawyer believes this is a sign they’re finally selling it. Bitcoin on the Move Recently, 10,000 Bitcoin, worth around $593.5 million, were transferred from a US government wallet to Coinbase Prime, a platform used by institutional investors. This…
Bad News First: Bitcoin Might Dip A crypto expert is worried about Bitcoin. They’re seeing a pattern that suggests Bitcoin might go down a bit before it goes up. This pattern is called a “death cross” and it basically means the 50-day average price is below the 200-day average price. This has happened before, and…
Sovereign wealth funds (SWFs) could be the key to sending Bitcoin to new heights, according to Bitcoin advocate Daniel Batten. He believes that if these funds, which manage trillions of dollars, were to invest even a small percentage of their assets in Bitcoin, the price could skyrocket to over $148,000. Why SWFs Are Holding Back…
