Category Archives: Bitcoin

The Hidden Forces Behind Bitcoin Price: Latest Insights From On-Chain Data

Posted on by — No Comments ↓

Leading on-chain analyst James Check, popularly known as Checkmatey, has recently delved into the intricacies of Bitcoin’s market dynamics, offering a detailed on-chain data analysis that sheds light on the forces driving Bitcoin prices. His latest insights highlight a period he describes as “Quiet and Trending,” suggesting a robust underpinning despite significant sell-side pressures and… Continue reading The Hidden Forces Behind Bitcoin Price: Latest Insights From On-Chain Data→

Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive

Posted on by — No Comments ↓

The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Bitcoin: Hashrate… Continue reading Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive→

Why Did The Bitcoin Price Rise Above $66,000 Today?

Posted on by — No Comments ↓

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in… Continue reading Why Did The Bitcoin Price Rise Above $66,000 Today?→

Most Important Bitcoin Indicator Nears Bullish Flip: $150,000 Soon?

Posted on by — No Comments ↓

In a recent analysis, James Coutts, Chief Crypto Analyst at Realvision, signaled a potential bullish turn in Bitcoin’s near future, attributing the forecasted change to shifts in global liquidity measures, specifically the Global Money Supply (M2) index which is widely seen as most important price catalyst. Coutts detailed this anticipation in a thread on X,… Continue reading Most Important Bitcoin Indicator Nears Bullish Flip: $150,000 Soon?→

Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target

Posted on by — No Comments ↓

The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC price would reach a new all-time high before the halving was completed.… Continue reading Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target→

Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC

Posted on by — No Comments ↓

Glassnode Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had… Continue reading Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC→

Bitcoin Analyst Reveals Why $57,938 Is The Level To Watch This Week

Posted on by — No Comments ↓

price level may not be bad for Bitcoin and could instead be necessary for it to finally make that price rally.  $57,938 Is The Price Level To Keep An Eye On CryptoCon mentioned in an X (formerly Twitter) post that $57,938 is the “new price to watch for the 20-week EMA (Exponential Moving Average).” He… Continue reading Bitcoin Analyst Reveals Why $57,938 Is The Level To Watch This Week→

$291 Billion Asset Manager Founder Predicts Bitcoin Will Hit $420,000

Posted on by — No Comments ↓

In an interview with Yahoo Finance’s “Wealth,” Ric Edelman, founder of the Digital Assets Council of Financial Professionals and $291 billion asset manager Edelman Financial Services, provided a striking forecast for the Bitcoin price. Edelman argued that Bitcoin’s price could surge to $420,000, attributing this potential rise to a modest global asset allocation towards Bitcoin.… Continue reading $291 Billion Asset Manager Founder Predicts Bitcoin Will Hit $420,000→

This Crypto Expert Called The Bitcoin Top in 2021, Now He’s Calling The Bottom In 2024

Posted on by — No Comments ↓

As the Bitcoin price continues to fluctuate wildly, the question in every investor’s mouth right now is when the digital asset will find its bottom. For some, the bottom has already been met, while for others, there are still more price crashes to come. However, one analyst’s prediction in particular stands out and this is… Continue reading This Crypto Expert Called The Bitcoin Top in 2021, Now He’s Calling The Bottom In 2024→

Analyst Pinpoints $61,500 As Critical Bitcoin Price Level To Monitor

Posted on by — No Comments ↓

Amidst the recent decline in Bitcoin’s price and the general cryptocurrency market, popular cryptocurrency analyst and enthusiast Titan of Crypto has highlighted the $61,500 price level as a crucial threshold to watch for the largest cryptocurrency. Titan of Crypto analysis examines the aforementioned level as a pivotal point for Bitcoin that could determine the coin’s… Continue reading Analyst Pinpoints $61,500 As Critical Bitcoin Price Level To Monitor→