Semilore Faleti has made a name for himself as a cryptocurrency writer with a strong background in journalism and content creation. Starting off with various subjects, Semilore eventually delved into the complexities of blockchain technology and cryptocurrency. His fascination lies in the efficiency of digital assets for storing and transferring value, leading him to advocate
Bitcoin
It has been pointed out by Jamie Coutts, the chief crypto analyst at Real Vision, that there is an indicator currently suggesting a bullish trend for Bitcoin (BTC). Coutts has highlighted that the slowing decline in Bitcoin’s hash rate could be an early indication of a bottom and subsequent reversal in the bearish trend. This
The recent crash in Bitcoin price, bringing it back toward the $56,000 level, was triggered by a brief pump following the CPI data release on Thursday. The released data showed that inflation rates came out at 3%, which was lower than expected. Despite desperate attempts from bulls to keep the price up, the bearish trend
Cryptocurrency market watchers and analysts have been debating whether Bitcoin has reached its peak in the current cycle, especially after its all-time high above $73,000 in March. However, one crypto analyst known as ‘CryptoCon’ has provided a detailed analysis of Bitcoin’s recent price movements using the Relative Strength Index (RSI) Bollinger Band % phases. In
Recent data has shown a stark disconnect between Bitcoin and US stocks, marking a significant shift from their previously positive correlation. According to market intelligence platform IntoTheBlock, Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has plummeted to -0.78 and -0.83, respectively. This negative correlation implies that Bitcoin and these assets now tend to
Bitcoin (BTC) has recently broken above its bearish trendline, showcasing strong bullish momentum in the market. This positive development has sparked optimism among traders and investors who are now wondering if BTC can sustain this momentum and reach the $60,152 mark. With a market capitalization exceeding $1.1 trillion and a trading volume surpassing $24 billion,
A crypto analyst, known as ‘DonAlt,’ has recently made a bold prediction regarding the future of Bitcoin. He believes that Bitcoin could potentially soar to $100,000 in the coming years. This bullish perspective on Bitcoin is supported by various factors such as the growing interest in Spot Bitcoin ETFs and optimistic forecasts from market experts.
Despite the recent drop in Bitcoin price below $60,000, the majority of Bitcoin investors are still seeing profits in their positions. According to data from the on-chain tracker IntoTheBlock, around 83% of the approximately 53.57 million Bitcoin holders worldwide are currently in profit, even as the price hovers just above $56,000. This leaves only 17%
The recent price crash in Bitcoin has sparked concerns among investors and analysts alike. Jacob Canfield, a trading mentor at the Trading Mastery, predicts a potential further decline in the Bitcoin price based on historical patterns observed in Bitcoin’s pricing trends. Canfield’s analysis highlights the tendency of Bitcoin to retest yearly open levels throughout the
Veteran trader Peter Brandt recently made a prediction regarding the price of Bitcoin, suggesting that it could potentially drop to as low as $44,000. This forecast was based on a technical indicator that indicated a bearish outlook for the flagship cryptocurrency. Brandt specifically mentioned the possibility of Bitcoin completing a double top, which is a
