Tag Archives: bitcoin price

Research Firm Predicts Bullish Bitcoin Breakout For Q4: 4 Key Reasons

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Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming… Continue reading Research Firm Predicts Bullish Bitcoin Breakout For Q4: 4 Key Reasons→

Bitcoin Down But Not Out: BTC To $700,000 Highly Probable Says Analyst

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Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000. Before then, traders are closely monitoring price action aware that there could be more losses, pushing… Continue reading Bitcoin Down But Not Out: BTC To $700,000 Highly Probable Says Analyst→

Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January

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Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics… Continue reading Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January→

Why Did This Crypto Whale Spend $400 Million Buying Bitcoin Yesterday?

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On-chain data shows a particular Bitcoin whale who accumulated almost $400 million between July 30 and 31. This whale is believed to have purchased the flagship crypto, having seen an opportunity to profit massively thanks to Bitcoin’s recent price action.  Bitcoin Whale Purchases Almost $400 Million Worth Of BTC On-chain analytics platform Lookonchain revealed in… Continue reading Why Did This Crypto Whale Spend $400 Million Buying Bitcoin Yesterday?→

Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’ – Here’s Why

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Matt Hougan, Chief Investment Officer (CIO) of Bitwise, claims in a new memo to investors following the 2024 Bitcoin Conference that the market may not be bullish enough about the future of BTC. The conference was a watershed moment that attracted massive political attention and could influence the future trajectory of Bitcoin heavily. Why You… Continue reading Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’ – Here’s Why→

Bitcoin Holds Ground At $65,700 Amid Unchanged Fed Rates, Anticipating September Moves

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In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%.  Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions… Continue reading Bitcoin Holds Ground At $65,700 Amid Unchanged Fed Rates, Anticipating September Moves→

Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens

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Hedge fund manager James Lavish has predicted that Bitcoin could rise to $428,000 at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target.  How Bitcoin Could Rise To $428,000 Lavish mentioned in an X (formerly Twitter) Bitcoin would rise to $428,000 when it becomes… Continue reading Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens→

Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000

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The Elliot Wave theory has become very popular among Bitcoin analysts, given its effectiveness in helping to estimate where the cryptocurrency’s price is headed next. Using this same theory, pseudonymous crypto analyst XForceGlobal has estimated what could happen next for the Bitcoin price. Elliot Wave Theory Points To A Recovery In the analysis Elliot Wave… Continue reading Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000→

Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’

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For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In… Continue reading Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’→

Bitcoin Price Eyes Fresh Gains: Can BTC Climb Again?

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Bitcoin price extended losses and tested the $65,500 support zone. BTC is now consolidating and might aim for a fresh increase if it clears $66,500. Bitcoin tested the $65,500 level and is attempting a recovery wave. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend… Continue reading Bitcoin Price Eyes Fresh Gains: Can BTC Climb Again?→