Crypto analyst Kevin Svenson believes Bitcoin (BTC) is on the brink of a significant price breakout. Parabolic Trend and “Blue Sky Breakout” Svenson points to Bitcoin’s recent parabolic trend and predicts it’s approaching a “Blue Sky Breakout.” This breakout occurs when an asset surpasses all previous price levels and enters a phase of “price discovery.”…
Positive Premium Index The Coinbase Premium Index (CPI), which measures the price difference between Bitcoin on Coinbase and other exchanges, has turned positive for the first time since May 18th. This indicates increased demand for Bitcoin on Coinbase, a major US-based exchange. Significance A positive premium shows that US-based investors are buying Bitcoin, suggesting that…
Despite a huge influx of money into Bitcoin ETFs (over $1.5 billion in the last three days), Bitcoin’s price is still below the highly anticipated $100,000 mark. Factors Holding Back Bitcoin’s Price Charles Edwards, CEO of Capriole Investments, explains that several factors are contributing to this: Selling by Long-Term Holders: Long-term holders (those holding for…
What Happened? Hulk Hogan’s HULK token soared to a market cap of $17 million, thanks to social media hype on his accounts. Suddenly, those posts vanished, and so did the token’s value, plummeting to $11,000. Hogan claims he never authorized the promotional posts, leaving investors wondering if it was a rogue social media manager or…
Short Sellers Bet Big, But Lose Confidence Investors who bet against MicroStrategy, a software company led by Bitcoin enthusiast Michael Saylor, are facing losses as the company’s stock price has soared. These “short sellers” have sold $6.9 billion worth of MicroStrategy shares, hoping the price would drop so they could buy them back at a…
Ethereum is gearing up for its biggest upgrade yet, known as Pectra. Researcher Christine Kim calls it “possibly the largest in Ethereum’s history.” Key Changes Pectra includes several Ethereum Improvement Proposals (EIPs) that will impact the network’s functionality and security: Cryptographic Enhancements: EIP-2537 adds support for stronger cryptographic proofs, improving security and interoperability. Stateless Execution:…
Floki’s Rise Floki, a rival to Dogecoin, has seen a significant surge in value after investment firm DWF Labs announced a major purchase of the memecoin. DWF Labs’ Support DWF Labs, with over 85,000 followers on social media, expressed its excitement in supporting Floki’s advancements. The firm committed to purchasing $12 million worth of FLOKI…
A fake SpaceX livestream has emerged, attracting over 100,000 viewers. The livestream featured real video with an AI-generated Elon Musk voiceover that pitched crypto donations. Phony YouTube Channel The fake livestream was broadcast on a YouTube channel called @SpaceXFromElon, which has nearly 3 million subscribers but lacks a verification checkmark. The real SpaceX channel, @SpaceX,…
Analyst Willy Woo warns that a cascade of liquidations could occur when Bitcoin (BTC) reaches $72,000. He estimates that $1.5 billion worth of short positions are vulnerable to liquidation up to $75,000. Bitcoin Macro Oscillator (BMO) Woo also analyzes the BMO, which measures market sentiment. He notes that the BMO has recently moved down one…
Crypto analyst Michaël van de Poppe predicts a significant surge in altcoins beginning in late June. He anticipates a surge in momentum that will continue until September or October. Bitcoin, Ethereum, and Polkadot Show Promise Van de Poppe highlights three cryptocurrencies that are showing strength: Bitcoin (BTC): If BTC holds above $70,000, it could reach…
