The recent recovery of the Bitcoin price has brought it back above $58,000, signaling possible bullish momentum in the market. A prominent crypto analyst has identified an ascending triangle pattern on the four-hour price chart, indicating a potential continuation of this resurgence. This pattern consists of a horizontal line drawn along swing highs and a
Bitcoin
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism and content creation. With a background in writing, Semilore has dedicated his career to unraveling the complexities of blockchain technology and digital assets. His passion for the efficiency of digital assets in storing and transferring value has driven him to become a staunch
Jamie Coutts, the chief crypto analyst at Real Vision, has brought attention to a key indicator that suggests a bullish future for Bitcoin (BTC). Coutts highlighted that the decline in Bitcoin’s hash rate is slowing down, a trend that typically signals a bottom and a reversal of bearish sentiment. However, he cautioned that a successful
Semilore Faleti is a prominent figure in the world of cryptocurrency writing, with a specialization in journalism and content creation. His journey in the realm of crypto journalism began with a wide range of subjects, but it wasn’t long before he discovered his passion for unraveling the complexities and intricacies of blockchains and digital currencies.
The recent crash in the Bitcoin price back towards $56,000 has left many investors concerned about the future direction of the cryptocurrency. Despite a brief pump triggered by the CPI data release showing lower than expected inflation rates, the bearish trend has continued. This has led to desperate attempts from bulls to keep the price
Bitcoin (BTC) has recently broken above its bearish trendline, showing significant bullish momentum. This shift in market sentiment has sparked optimism among traders and investors regarding the digital asset’s potential to sustain its momentum and reach the $60,152 mark. As of the time of writing, Bitcoin has a market capitalization exceeding $1.1 trillion and a
The crypto market is abuzz with predictions of Bitcoin (BTC) surging to $100,000 in the near future. One crypto analyst, known as ‘DonAlt,’ has expressed optimism about Bitcoin’s potential for a mega rally. With the increasing inflows into Spot Bitcoin ETFs and forecasts of an impending bull run, the $100,000 price target for Bitcoin seems
The weekend saw a significant drop in the Bitcoin price, falling below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops for the pioneer cryptocurrency in the last two years, causing the market to lose billions of dollars. Despite this, Bitcoin
The recent volatility in the Bitcoin market has left many investors uncertain about the future direction of the cryptocurrency. Analysts like Jacob Canfield have been studying historical patterns in Bitcoin’s pricing trends to make predictions about potential future movements. Canfield’s analysis suggests that Bitcoin may be on the verge of retesting yearly open levels, a
Veteran trader Peter Brandt has recently suggested that Bitcoin could potentially drop to as low as $44,000. This prediction is based on a technical indicator that presents a bearish outlook for the flagship cryptocurrency. Brandt highlighted the possibility of a double top formation, which is a bearish pattern indicating a potential severe reversal to the