Tag Archives: Bitcoin news

Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why

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Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradford’s Bullish Take On BTC Price In an led to several positive adjustments for BTC’s price.  It should be recalled that Bitcoin underwent its fourth halving in April 2024, when its block confirmation… Continue reading Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why→

US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi

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Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge. Given their buying spree so far, the… Continue reading US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi→

Record September Gives Bitcoin 82% Odds For An Ultra Bullish Q4: Analyst

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Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September. The crypto analyst opens his analysis with an emphasis on the unexpected… Continue reading Record September Gives Bitcoin 82% Odds For An Ultra Bullish Q4: Analyst→

Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next

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10xResearch analysts who had correctly predicted run-up to a new all-time high for the Bitcoin price, something that could mark the beginning of another bull market. Fed’s Rate Cut Triggers Bitcoin Uprising Following the Federal Reserve’s decision to cut interest rates by 0.5 bps earlier in the month, the Bitcoin price has been on a… Continue reading Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next→

Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why

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Bitcoin has shown bullish momentum during the past day, but an analyst has pointed out how the asset may be in a high-risk zone now due to the Open Interest trend. Bitcoin Open Interest Has Seen A Rapid Increase Recently As explained by CryptoQuant community manager Maartunn in a newOpen Interest” is an indicator that… Continue reading Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why→

Bitcoin Set For Biggest September Gains In A Decade: Here’s Why

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Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoin’s Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However, the apex cryptocurrency is now on track… Continue reading Bitcoin Set For Biggest September Gains In A Decade: Here’s Why→

Bitcoin Futures Under Pressure: $64,000 Support Critical To Avert Long Squeeze

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With Bitcoin (BTC) hitting a near three-month high of $66,000 on Friday, technical analyst InspoCrypto suggests that the BTC futures market is at a critical juncture, with the potential for further short squeezes and the importance of maintaining support around the $64,000 level. Divergence Despite BTC Uptrend The analyst recently noted in his writing that… Continue reading Bitcoin Futures Under Pressure: $64,000 Support Critical To Avert Long Squeeze→

Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000

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Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability. According to Santiment, this price action has been mostly… Continue reading Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000→

MicroStrategy’s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%

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MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company’s aggressive Bitcoin strategy set it apart from the rest. Four years later, MicroStrategy is now the public company with the largest BTC holdings in the world,… Continue reading MicroStrategy’s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%→

Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why

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Bitcoin price movements and market sentiment have often been tied to the positions held by traders across the board. Regarding that, an insight shared by CryptoQuant analyst Amr Taha sheds light on the potential significance of Bitcoin’s long/short liquidation delta, hinting at a shift in market stance. This indicator, according to the shared insight provides… Continue reading Bitcoin’s Liquidation Data Signals a Possible Trend Reversal—Here’s Why→