The price of Bitcoin (BTC) has held on to the psychological $60,000 mark despite the drop on October 10. Long-term forecast for the BTC price: bullish On October 10, Bitcoin fell to a low of $58,943, but the bulls bought the dips. The largest cryptocurrency rallied above the moving average lines but was halted by […]
Category: Crypto news
Trader Sees Bullish Reversal Pattern for BTC, Outlines Level Where ‘Things’ Could ‘Get a Little Bit Treacherous’
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset breaks out from a bullish reversal structure. In a video update, Svenson tells his 79,800 YouTube subscribers that Bitcoin appears to have formed a falling wedge pattern on the four-hour chart. A falling wedge formation is a bullish reversal […]
Runes gains momentum on Bitcoin network as miner fees increase by 32%
Bitcoin-based non-fungible token (NFT) protocol Runes has seen transaction volume increase in the past week, according to data from Dune analytics. With the rise in Runes transactions, the protocol is gradually regaining a significant percentage of the transaction volume on the Bitcoin network. According to the Dune Analytics data compiled by Cryptokoryo, Runes accounted for […]
Bitcoin’s Next Move? Veteran Trader Predicts Possible 75% Crash—Here’s Why
Peter Brandt, a well-known veteran in the trading community, recently took to X to share a concerning outlook on Bitcoin price trajectory. Brandt’s warning comes amid a relatively stagnant performance by the leading crypto, failing to produce any decisive moves toward new all-time highs in recent months. Brand pointed out a historical pattern that could […]
Whale Accumulation Sparks Fear in Bitcoin’s Options Market
The cryptocurrency market is witnessing a growing trend among large Bitcoin holders, commonly called “whales.” As of October 2024, these whales have collectively amassed 267,000 BTC—a sharp rise of 75,000 BTC since September. This accumulation phase has captured attention, especially since it aligns with key market developments in the Bitcoin options space. Active Bitcoin whales […]
Bitcoin price roadmap up to $78,000 is almost complete, highlights analyst
Bitcoin (BTC) saw some relevant volatility since early September and most recently following a predicted volatile roadmap by Ali Martinez. If Bitcoin continues to follow his analysis, the leading cryptocurrency could soon reach a new all-time high of $78,000. The analyst shared what he described as “the best way to mess with everyone’s dreams,” bringing […]
MicroStrategy stock price prediction amid ‘Bitcoin bank end game’ revelation
MicroStrategy stock price prediction amid ‘Bitcoin bank end game’ revelation Aneena Alex Stocks Oct 11, 2024 Share MicroStrategy (NASDAQ: MSTR) is once again making headlines with its ambitious plan to transform into the world’s first “Bitcoin bank,” a move that has sparked renewed interest from investors. As this plan unfolds, investors are eager to understand […]
Schiff vs. Roubini: Who’s Bitcoin’s Real ‘Dr. Doom’?
An unexpected discussion about the title of the most notorious Bitcoin critic emerged today, sparked by Peter Schiff’s commentary on a new documentary on HBO. Schiff, a widely recognized figure in the Bitcoin (BTC) community as a main antagonist of the cryptocurrency, was quick to point out his conspicuous absence from the film. The conversation […]
Here’s how Bitcoin price could react to a rising CPI and PPI inflation
Here’s how Bitcoin price could react to a rising CPI and PPI inflation Aneena Alex Cryptocurrency Oct 11, 2024 Share Inflationary pressures have once again come under the spotlight as the U.S. released its latest Producer Price Index (PPI) data on October 11, 2024, for the month of September. According to the latest data from […]
What Do Bitcoin Miners Expect Next?
Bitcoin miners have always been a reliable indicator of the overall sentiment within the market. By tracking their earnings and actions, we can get a sense of where the price of BTC might head next. In this article, we’ll explore the latest trends in Bitcoin mining, how miners are reacting to current market conditions, and […]