Arthur Hayes, the co-founder of BitMEX, has recently made a bold prediction regarding the future of Bitcoin’s price. Hayes, known for his market insights, expressed a pessimistic outlook by stating that he is “gunning for sub $50k this weekend”. This statement has raised concerns among cryptocurrency enthusiasts and investors alike. Hayes’ prediction comes at a
Bitcoin
Summers have historically been bearish for the Bitcoin price, and the year 2024 has proven to be no different. Since the beginning of summer in June, the price of Bitcoin has experienced significant weakness, with multiple flash crashes causing fluctuations in the value of the pioneer cryptocurrency. The price of Bitcoin has dropped from over
The current volatility in the price of Bitcoin has been influenced by several economic factors that are creating uncertainty in the financial markets. While Bitcoin experienced a drop in value from $59,076 to as low as $57,127, there are underlying issues affecting its trajectory. One of the key factors impacting the price of Bitcoin is
Bitcoin’s recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections stabilize.
Bitcoin’s price was initially expected to steadily increase this year, leading to a bullish market outlook. However, the reality has been quite different, with severe price declines pushing Bitcoin below the $60,000 threshold. This has raised concerns among crypto analysts, with some predicting a potential crash below $40,000. A crypto analyst known as ‘Magog PhD’
Semilore Faleti is a cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a keen interest in the complexities of blockchains and cryptocurrency, Semilore has dedicated himself to exploring the efficiency of digital assets in storing and transferring value. His advocacy for the adoption of cryptocurrency
Opeyemi is a passionate writer deeply immersed in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has found himself captivated by the complexities of blockchain technology and the ever-evolving trends in the crypto market. Analyzing Price Charts While Opeyemi spends a significant amount of time looking through price charts, his
John is a writer who has found his passion in the world of cryptocurrency. Despite not initially choosing to delve into the digital asset industry, he has become deeply engrossed in it for over two years now. John takes great pride in his ability to create insightful pieces that demystify the complexities of blockchain technology
Semilore Faleti is a prominent figure in the realm of crypto journalism, known for his expertise in blockchain and cryptocurrency. With a background in content creation and a passion for digital assets, Semilore has made significant contributions to the field over the past few years. Starting out as a writer covering various topics, Semilore quickly
In the world of cryptocurrency trading, timing is crucial. Many traders are constantly on the lookout for the perfect moment to buy Bitcoin in order to maximize their profits. One of the indicators that analysts use to predict the best time to enter the market is the Double Zigzag pattern. This pattern consists of two
