The recent price movement of Bitcoin after the halving event has not met the expectations of many investors. Despite attempting to break above $65,000 last week, Bitcoin is currently trading at $62,105, reflecting a 2.96% and 6.14% decrease in the past 24 hours and seven days, respectively. This lackluster performance has left the market in
Bitcoin
After the recent Bitcoin Halving event, Rekt Capital has made some bold predictions about the future trajectory of Bitcoin. According to his analysis, the crypto asset could reach its peak in the current bull cycle within the next year. This prediction is based on historical trends that have been observed following previous Halving events. Rekt
In the wake of the Bitcoin halving, the cryptocurrency market has witnessed a significant surge in trading activity. This surge, however, is not solely attributed to the halving event. Instead, the recent spike in Bitcoin transactions can be linked to the introduction of a new token standard known as Runes. The implementation of the Runes
Recent on-chain data has revealed a steady decline in high-value transactions on the Bitcoin network over the past few weeks. This decline in activity has not only been reflected in the network but also in the price of Bitcoin itself. Despite multiple attempts to break above $67,000, Bitcoin has struggled and is down over 2%
Crypto expert Peter Brandt recently made a bold claim that the Bitcoin top for this market cycle may have already been reached. He based this conclusion on his “exponential decay” thesis, which suggests that Bitcoin’s price gains have been reducing in every subsequent bull cycle. Brandt pointed out that historical data indicates that Bitcoin may
A recent bull flag formation on the Bitcoin chart has sparked optimism among crypto analysts, signaling a potential trend reversal in the making. Denis Baca, Head of Product at Zivoe Finance, believes that Bitcoin could soar to as high as $100,000 as it gears up for a significant move to the upside. The formation of
The cryptocurrency world is currently buzzing with excitement over a recent deep learning model’s projection of a significant price increase for Bitcoin (BTC) in the upcoming month. The model, developed by CryptoQuant, a prominent blockchain analytics platform, has predicted that Bitcoin could potentially break past the $77,000 mark within the next 30 days, reaching a
Bitcoin’s price has recently experienced a pullback, leading to a downward movement. The coin failed to break above the 100-day Simple Moving Average (SMA) and the trend line, resulting in a drop of over 6% from its previous high. The price of BTC is currently trading around $62,972, which is 28% down from its all-time
The recent performance of Bitcoin has left investors feeling frustrated and impatient, with the premier cryptocurrency’s price still stuck in a consolidation range. Despite the completion of the halving event over a week ago, which was expected to bring bullish momentum to the market, Bitcoin has failed to show significant movement. Many investors have taken
The halving event on April 19 brought about a puzzling performance in the price of Bitcoin. Initially, BTC saw a significant gain of nearly 10%, reaching as high as $67,020 on April 24. However, in the following days, the digital asset experienced a decline of 6.49%, dipping below the $63,000 price mark. This negative performance