The Elliot Wave theory has gained significant popularity among Bitcoin analysts due to its effectiveness in predicting the future direction of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized the 5-wave Elliot Wave theory to provide insights into what might occur next for the Bitcoin price. By breaking down the waves and subwaves,
Bitcoin
The Bitcoin open interest is a crucial metric to gauge investor sentiment and market trends in the realm of cryptocurrency. Recently, the Bitcoin open interest reached a new all-time high, signaling potential implications for the market moving forward. This article will delve into the significance of this milestone and explore the potential consequences for the
The Bitcoin price hit an all-time high of $73,400 in March 2024 but has since retraced, remaining below this level for the last four months. Despite this, there is optimism that the price will recover and reach a new all-time high, with some analysts predicting a run to $77,600. One crypto analyst, Melikatrader94, shared her
During his appearance at the Bitcoin 2024 conference in Nashville, US Republican Presidential candidate Donald Trump made some bold promises to the crypto community in attendance. One of the most significant statements he made was regarding the US government’s Bitcoin holdings if he were to be elected into office. Trump expressed his intention to implement
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. He initially began his writing career covering a wide range of topics, but eventually found his passion in delving into the complexities of blockchains and digital assets. Faleti is particularly fascinated by the efficiency of cryptocurrencies in terms of storing
The recent weeks have seen a resurgence in the price of Bitcoin, bringing it back to familiar heights for investors. Despite a relatively quiet week in the cryptocurrency market, on-chain insights suggest that significant activity may be on the horizon. Crypto pundit Ali Martinez pointed out in a recent post that Bitcoin miner capitulation seems
Marathon Digital, a leading Bitcoin mining company, has recently made waves in the cryptocurrency world by announcing a massive $100 million investment in BTC. This significant investment demonstrates the company’s unwavering confidence in the long-term potential of the pioneering cryptocurrency, despite previous price drops. The recent press release from MARA (formerly known as Marathon Digital)
During the recent industry day of the annual Bitcoin conference in Nashville, Tennessee, Robert Kennedy Jr., an independent candidate for the US presidency, revealed an ambitious financial policy plan that could potentially transform the United States into the world’s largest holder of Bitcoin. His strategy involves strategic acquisition of Bitcoin, valued at $619 billion, to
Crypto analyst RLinda recently made a bullish argument for Bitcoin, suggesting that the cryptocurrency could potentially reach a new all-time high of $90,000. She pointed out that there are both fundamental and technical factors supporting this optimistic outlook. On the fundamental side, RLinda highlighted the anticipation surrounding the launch of Spot Ethereum ETFs, which is
The cryptocurrency market is currently experiencing a significant uptrend, with both Bitcoin and altcoins showing impressive gains. Crypto analyst Capo of Crypto has expressed optimism regarding the future of these digital assets, stating that they are poised for even more substantial moves to the upside. According to Capo, Bitcoin has successfully reclaimed the $60,000 range
