As per Crypto analyst Rekt Capital, Bitcoin might not be fully prepared for its next significant uptrend. The analyst indicated that Bitcoin is still testing the waters around the $65,000 level, which needs to be established as a new support level. Rekt Capital emphasized the importance of a successful retest similar to the one seen
Bitcoin
In a surprising move, the German government recently made headlines by selling off all of its Bitcoin holdings within a mere two-week period. This rapid sell-off was explained as being related to the “movie2k” complex, where the government seized 50,000 BTC from a notorious movie piracy website. The sale proceeds amounted to a staggering €2.63
In a recent forecast presented by Joe Burnett, Senior Product Marketing Manager at Unchained Capital, a bold prediction was made regarding Bitcoin reaching a valuation of $750,000. Burnett believes that the market may be greatly underestimating Bitcoin’s potential during this particular cycle, failing to take into account its broader significance within the global financial landscape.
Bitcoin developer Samson Mow has long been a vocal advocate for Bitcoin, often making bold predictions about its future price. He recently reiterated his belief that Bitcoin will reach $1 million, and even went as far as to predict that this milestone will be achieved within the next year. Mow’s bullish stance is driven by
Despite recent bearish trends in the market, JP Morgan, an American multinational finance company, has maintained a bullish stance on the Bitcoin price outlook. The bank has predicted the conclusion of ongoing BTC liquidations, anticipating a subsequent rebound in the crypto market. According to JP Morgan’s research report, BTC liquidations are expected to abate in
The Bitcoin price has been on the rise, surpassing $58,000 and showing signs of recovery over the past week. A popular crypto analyst, Ali Martinez, has identified a chart formation that suggests a potential continuation of this upward trend for the premier cryptocurrency. In a recent post on the X platform, Martinez highlighted an ascending
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
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
