Tag Archives: bitcoin price

CryptoQuant CEO Says Bitcoin Price Could Reach New ATH If It Holds This Level

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Following the Bitcoin price crash below $60,000, hopes for the BTC price to reach a new all-time high, at least for the short-term, seem to have been shattered. However, over the long term, analysts still expect that the Bitcoin price will still rebound from here. One of those who believe that the BTC price will… Continue reading CryptoQuant CEO Says Bitcoin Price Could Reach New ATH If It Holds This Level→

More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap

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After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.  However, the leading cryptocurrency has quickly retraced over 3% in the past few hours,… Continue reading More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap→

Bitcoin Price Eyes Additional Upsides: Will The Recovery Persist?

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Bitcoin price is consolidating near the $57,500 zone. BTC could gain bullish momentum if it clears the $58,000 resistance zone in the near term. Bitcoin started a recovery wave above the $55,500 and $56,500 levels. The price is trading above $57,000 and the 100 hourly Simple moving average. There was a break above a key… Continue reading Bitcoin Price Eyes Additional Upsides: Will The Recovery Persist?→

MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion

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In a bold display of faith in the future of the largest cryptocurrency on the market, Bitcoin (BTC), MicroStrategy co-founder and executive chairman Michael Saylor has disclosed that he owns around $1 billion. Saylor’s Bitcoin Vision Unshaken In a recent interview with Bloomberg Television, Saylor disclosed that he has been steadily accumulating Bitcoin over the… Continue reading MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion→

Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?

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Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again.  Bitcoin… Continue reading Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?→

Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’

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In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris… Continue reading Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’→

Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says

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After Monday’s market crash, concerns about the stability of Bitcoin’s bull run have emerged. Yet, Ki Young Ju, founder and CEO of CryptoQuant, a leading blockchain analytics firm, maintains a positive outlook. He suggests that, despite the recent crash, on-chain data continues to support the notion that the bull market for Bitcoin remains intact. Bitcoin… Continue reading Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says→

$0 Flows: BlackRock Unshaken Despite Recent Bitcoin Market Crash, Data Shows

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Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red Monday,’ Eric Balchunas, a Bloomberg Senior exchange-traded fund (ETF) analyst, revealed in a post uploaded earlier today that investors of… Continue reading $0 Flows: BlackRock Unshaken Despite Recent Bitcoin Market Crash, Data Shows→

Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown

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Bitcoin may be experiencing a price recovery towards the $57,000 level after a sharp 20% drop on Monday that sent the largest cryptocurrency on the market to a low of $49,000 not seen since February. Still, BTC is not out of the woods yet, as a concerning pattern has emerged on its 10-day chart.  Analysts… Continue reading Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown→

Bitcoin Price Gains Strength: 100 SMA Crucial for Sustained Gains

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Bitcoin price started a recovery wave above the $55,000 resistance. BTC must clear the 100 hourly SMA to continue higher in the near term. Bitcoin started a recovery wave above the $53,500 and $55,500 levels. The price is trading below $58,000 and the 100 hourly Simple moving average. There is a contracting triangle forming with… Continue reading Bitcoin Price Gains Strength: 100 SMA Crucial for Sustained Gains→