Cryptocurrency analyst Ali Martinez discussed a metric that he claims gives a clue as to which direction Bitcoin will head in his statement. According to the analyst, the 200-day simple moving average (SMA) data is quite effective in determining the trend direction of BTC. Martinez stated that if the BTC price is above this metric, […]
Category: Crypto news
Bitcoin Eyes $63K as Saylor Promotes “Piece of Cyberspace”
Bitcoin evangelist Michael Saylor recently took to the X social media network in order to urge his followers to buy “a piece of cyberspace.” This is not the first time when Saylor has brought up the futuristic concept in order to promote the largest cryptocurrency. “Bitcoin is a shiny city in cyberspace. And you can […]
Crypto Strategist Sees Bitcoin Potentially Rallying to $68,000 – But There’s a Big Catch
A closely followed crypto strategist believes it is within the realm of possibility for Bitcoin (BTC) to witness an abrupt rally to $68,000. Pseudonymous analyst Credible Crypto tells his 423,300 followers on the social media platform X that a relief rally is in sight for Bitcoin and the altcoin market. But the trader warns that […]
BlackRock Ranks Bitcoin as Safe and Ethereum as Speculative
Bitcoin serves as a secure option for buyers who want stability during market uncertainty. Ethereum represents a potentially hazardous investment linked to the future of blockchain advancements. BlackRock’s BTC ETF has gained popularity, surpassing Grayscale’s pledge of assurance in holdings. In a recent analysis, BlackRock classifies BTC as a ” danger off” stock and Ethereum […]
Bitcoin’s ‘Cup and Handle’ Pattern Signals Path to $126K—But a Final Flush Could Be Imminent
The Cup and Handle formation for Bitcoin forecasts an upswing to $70000; the price target for the long term is $126,107. That means there are $21 billion of leveraged short positions at risk to be liquidated if Bitcoin climbs up to $70,000. The last surge to $48,000 may be a “final flush” before the price […]
Analysts See a ‘God-Like Candle’ Coming as Bitcoin Closes Above Key Resistance
On the 3-month chart, the future of bitcoin is Bullish, and the candles are remarkable above the 2021 ATH. Reactions around $61,000, close to the previous ATH, encourage further upside movements. Some analysts have been predicting the emergence of a “God-like candle” that will push prices skyward. Looking at the Bitcoin chart , what can […]
Whales didn’t sell Bitcoin at $62k, on-chain data shows
Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven’t taken part in the latest selloff. Bitcoin (BTC) consolidated around the $60,000 zone between Oct. 1 and 4 as the geopolitical tension between Iran and Israel heated up. Right after the U.S. jobs report, the flagship […]
Analyst PlanB Unveils Potential Trigger for Next Bitcoin ‘Pump,’ Says Whales Waiting for Outcome of One Event
Popular quant analyst PlanB says crypto whales are staying on the sidelines for now to await the results of a highly anticipated event. In a video update, the pseudonymous analyst tells his 179,000 YouTube subscribers that he believes Bitcoin (BTC) is in a bull market despite its choppy price action over the last eight months. […]
Bitcoin Is Up 8,700,000,000% Since This Key Event
Bitcoin’s massive price fluctuations have been captivating the minds of traders and investors for over a decade. The initial exchange rate for Bitcoin, the leading cryptocurrency, was established 15 years ago on Oct. 5, 2009, on the New Liberty Standard Exchange. As noted by Pete Rizzo, a prominent Bitcoin historian, the price of the flagship […]
How This Bitcoin Bull Market Cycle Stands Out
As markets enter Q4 2024, investors keenly observe the current bitcoin market cycle, questioning whether it will reflect historical patterns. Typically, halving events every four years dictate these cycles, each marked by sharp supply cuts. However, today’s demand and supply forces, regulatory changes, and external market shocks suggest this cycle could be different. Key Background […]