A popular crypto analyst believes Bitcoin (BTC) will dip one last time before soaring to record highs. Bull Pennant Pattern Bluntz, a pseudonymous analyst, says BTC is forming a “bull pennant” pattern on its three-day chart. This suggests a final leg down to around $60,000, setting the stage for a rally above $80,000. $87,500 Target…
$100,000 on the Horizon Analyst CrediBULL Crypto predicts Bitcoin will soar to $100,000 soon, within the next 7-10 days. He believes the recent price drop was the worst Bitcoin will experience, with the downside now limited to $60,000. Bullish Indicators CrediBULL Crypto notes positive signs, such as a drop in open interest and a return…
VESA’s Masterpiece Prepare for an exclusive auction featuring the legendary artist VESA and Scarce City. From June 11-13, bid on VESA’s original artwork, Bitram. Watch the Creation Process Dive into the behind-the-scenes video of VESA’s artistic journey with Bitram. How to Bid Enter your bid amount in Bitcoin. Provide an email address for communication. Choose…
Bill Miller, a financial expert and investor, believes Bitcoin is still undervalued. He sees it as a potential replacement for traditional currencies, which he believes are prone to manipulation and devaluation. Bitcoin’s Early Stages Miller has been bullish on Bitcoin since 2015. He believes it’s still in the early stages of a major shift in…
Zimbabwe is making a bold move into the world of cryptocurrencies by seeking public input on how to regulate them. This is a significant step for a country that has faced currency challenges in the past. From Economic Struggles to Digital Innovation Zimbabwe’s economic history has been marked by currency crises, including the 2019 crash….
EVM Compatibility on XRPL RippleX has launched an XRPL EVM sidechain, bringing Ethereum Virtual Machine compatibility to the XRP Ledger. This allows developers to use Ethereum tools and DApps on XRPL, expanding its ecosystem and utility. Axelar Bridge The sidechain uses Axelar as a bridge, allowing seamless asset transfers between XRPL and the EVM sidechain….
Risk Aversion Prevails Bitcoin’s price dropped sharply on Tuesday, falling below $68,000. This decline reflects the cautious mood in the broader financial market, as investors await the release of key economic data and the upcoming Federal Open Market Committee (FOMC) meeting. FOMC Meeting and Inflation Concerns The FOMC meeting will decide on interest rates, which…
Digital currencies like Bitcoin have revolutionized the financial world. Now, China’s Industrial and Commercial Bank of China (ICBC), the world’s largest bank, has praised the growth of these currencies. Bitcoin’s Scarcity Like Gold ICBC believes Bitcoin’s limited supply (21 million coins) is similar to gold’s scarcity. This comparison is based on Bitcoin’s mathematical design, which…
Price Movement Ethereum failed to break above $3,650 resistance and has declined below $3,550. The price is now trading below $3,550 and the 100-hour Simple Moving Average. A bearish trend line is forming with resistance near $3,650. Possible Scenarios Bullish: If Ethereum breaks above $3,650, it could rise to $3,720, $3,820, and potentially $4,000. Bearish:…
Scalability Bottleneck DePIN excels in decentralization and security, but scalability remains a hurdle. As networks expand, transaction volume increases, particularly in IoT applications where real-time data exchange is crucial. The current blockchain infrastructure struggles to handle the scale of a mature DePIN ecosystem. Limited Interoperability DePIN’s integration with other applications and networks is vital. However,…
