Even though Bitcoin has recently dropped below the $70,000 price mark, crypto analyst Peter Brandt remains optimistic about the future of the world’s pioneer cryptocurrency. Brandt predicts that Bitcoin’s price could reach its peak soon, estimating a price range between $130,000 to $150,000 in the current bull cycle. According to Brandt, this surge is expected
Bitcoin
Cryptocurrency analyst Tara has recently pointed out a bullish pattern on the Bitcoin chart that suggests the flagship crypto could be gearing up for a significant price increase. According to Tara, Bitcoin is on the verge of making a major impulse move that could potentially propel its price to $75,800, marking a new all-time high
Bitcoin’s price movement has shifted back to a choppy market condition, dampening hopes of a quick breakout to new highs. Despite this setback, there is still optimism surrounding the continuation of the current bull cycle. Recent on-chain data suggests that Bitcoin has entered a phase known as the “Euphoria Wave” in the market cycle, shedding
In recent days, the price of Bitcoin has faced significant resistance at the $72,983 level. This rejection has caused a drop in price, with Bitcoin now trading below the 1-day Simple Moving Average (SMA). The price has fallen from $71,942 to $66,785, indicating a potential change in trend. The drop below the SMA in both
Recent trends in the crypto market show a growing sense of confidence among investors, particularly in Bitcoin. Despite the premier cryptocurrency’s price ending May below the $70,000 mark, large-scale investors have been accumulating BTC. This accumulation is evident in the continuous movement of significant amounts of Bitcoin out of centralized exchanges, as highlighted in recent
Recently, a crypto strategist known as Xanrox accurately predicted the current Bitcoin downtrend, suggesting that the decline in the crypto market may only be just beginning. Even when the market was euphoric with Bitcoin climbing above $70,000, Xanrox foresaw a possible price decline. This prediction was based on Xanrox’s analysis on the TradingView website, where
The cryptocurrency world, particularly Bitcoin, has been a rollercoaster ride for investors in recent times. However, a recent analysis by Cryptorphic, a well-known crypto analyst, has caught the attention of many. According to Cryptorphic’s prediction, Bitcoin is poised to reach an astounding $156,000 by May 27th, 2025. This prediction is based on the historical phenomenon
Upon examining the optimistic forecast provided by renowned crypto analyst Crypto Con regarding Bitcoin’s potential price surge to $123,832, it is crucial to approach his assertions with a critical mindset. While Crypto Con emphasizes the significance of historical patterns and market behavior in his analysis, there are certain inconsistencies within his predictions that warrant further
After a surge to $71,000, the Bitcoin price has cooled off and settled back around $67,000. However, recent data suggests that Bitcoin whales, entities with significant BTC holdings, are once again showing interest in accumulating more of the cryptocurrency. This resurgence in whale activity raises the question of whether their buying power can propel Bitcoin
The recent approval of Ethereum exchange-traded funds by the United States Securities and Exchange Commission has sparked excitement in the cryptocurrency market. While the focus has been on Ethereum ETFs, the Bitcoin spot ETF market has also seen a resurgence in investment activity. With positive inflows for the second consecutive week, investor confidence in these
