According to a recent study by Triple-A, the number of people worldwide who own cryptocurrency has skyrocketed to 562 million, representing a 34% increase from 420 million in 2023. Key Findings Ownership Rate: Approximately 6.8% of the global population now holds crypto assets. Top Countries: The United Arab Emirates leads the pack with a 25.3%…
Quant analyst PlanB predicts a surge in Bitcoin’s price after the recent halving. Stock-to-Flow Model PlanB’s stock-to-flow (S2F) model, which measures scarcity, has historically signaled strong rallies after halvings. The model has now turned green, indicating a bullish period. Realized Price Support PlanB also analyzes the realized price, which tracks the value of all Bitcoin…
Tight Trading Range Signals Breakout Crypto analyst TechDev believes Bitcoin is poised for a significant price explosion. The analyst points to Bitcoin’s tight trading range on the five-day chart, which has reached its narrowest level in eight years. This compression suggests that buyers are nearing sellers’ desired price, leading to a potential breakout. Bollinger Bands…
Bullish Pattern Emerges Crypto analyst Tara has spotted a positive pattern on Bitcoin’s chart, suggesting a significant price surge. She predicts a potential rally to $75,800, a new all-time high. Breakout and Retest Bitcoin recently broke through resistance on the Relative Strength Index (RSI) and retested the breakout level at $67,800. This indicates a possible…
Crypto analyst TechDev believes Bitcoin is on the verge of its most significant breakout yet. Historical Patterns and Technical Indicators TechDev’s analysis shows that Bitcoin has historically experienced parabolic price increases, known as “blowoff tops,” followed by corrections. However, the 2021 peak deviated from this pattern, suggesting a potential change in market behavior. Breakout from…
Bullish Technical Indicators Chiliz (CHZ) is gaining momentum in the crypto market, driven by positive technical indicators. It’s approaching a crucial resistance level of $0.16, and a breakout could trigger significant buying activity. Trading Volume and Expert Analysis Increased trading volume during price increases indicates strong demand for CHZ. Cryptocurrency expert Alex Clay has identified…
Burn Rate Plummets Shiba Inu’s burn rate has crashed by 97% to start the week, with only two transactions burning a measly 128,791 SHIB tokens. This is a far cry from the 4.5 million SHIB burned the day before. Declining Trend The burn rate has been steadily dropping over the past week, with a 40%…
Australia is about to join the crypto investment world with the launch of its first spot Bitcoin exchange-traded fund (ETF) tomorrow. Monochrome’s Bitcoin ETF Monochrome Asset Management, an Australian company, is leading the way with its Bitcoin ETF (IBTC). It will start trading on the Cboe Australia exchange on June 4th. How It Works The…
Historical Patterns and the Bitcoin Halving According to veteran trader Peter Brandt, Bitcoin could surge to a record-breaking peak of $130,000 to $150,000 by late summer 2025. This prediction is based on the historical phenomenon known as the Bitcoin halving, where the number of Bitcoins rewarded to miners is cut in half every four years….
Whale Accumulation Crypto analyst Ali Martinez has revealed that deep-pocketed investors have scooped up a whopping 700 million DOGE, valued at $112 million, in just three days. Bearish Sentiment Despite this sudden surge in whale activity, the market sentiment for Dogecoin remains gloomy, reaching levels similar to those before its 200% rally in February. Rival…
