Crypto analyst Tara has recently pointed out a bullish pattern on the Bitcoin chart, indicating a potential major impulse move that could send the flagship crypto to a new all-time high of $75,800. This analysis is based on the completion of a full ABCDE on both price and the Relative Strength Index (RSI), with Bitcoin
Bitcoin
Bitcoin’s price has been experiencing a choppy market condition recently, dampening hopes of a breakout to new highs in the near future. Despite this, there are signs that the current bull cycle may not be over yet, as the premier cryptocurrency seems to be going through a phase of euphoria, according to on-chain observations. This
Bitcoin’s recent inability to break above the $72,983 resistance level has resulted in a downward trend in its price. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has caused the crypto asset to drop from $71,942 to $66,785 and fall below the SMA in both the 1-hour and 4-hour charts. This
Investor sentiment appears to be growing in the crypto market, with Bitcoin emerging as a major beneficiary of this positive trend. Despite some disappointing price movements, large-scale investors continue to accumulate BTC. Although the cryptocurrency’s price closed below $70,000 at the end of May, it had previously touched this level multiple times in the final
In a recent analysis, a crypto strategist accurately predicted the current Bitcoin downtrend and shared insights on where the price is headed next. The analyst, known as Xanrox, made waves in the crypto community by forecasting a decline in the market at a time when many were still optimistic about Bitcoin’s climb above $70,000. Xanrox
The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. However, a recent analysis by Cryptorphic, a prominent crypto analyst, suggests the future might be brighter than recent dips might indicate. Their prediction? Bitcoin hitting a staggering $156,000 by May 27th, 2025. Cryptorphic’s prediction hinges on a historical phenomenon known as the
Recently, Mt. Gox, a bankrupt Bitcoin exchange based in Shibuya, Tokyo, Japan, made a significant move in the world of cryptocurrency by executing a large-scale Bitcoin transfer to several unknown wallets. The transfer involved a whopping 42,830 BTC valued at $2.9 billion and has raised concerns within the broader crypto market about potential selling pressures.
The cryptocurrency market has been buzzing with positive sentiment recently, with many experts and analysts offering optimistic outlooks on the future of Bitcoin. One such enthusiast, Crypto Con, has made waves by predicting that the price of BTC may skyrocket to $123,832 in the near future. By examining historical patterns and market behavior, Crypto Con
The recent surge in the price of Bitcoin to $71,000, following the news of the Ethereum ETF approval, has since cooled off. The premier cryptocurrency experienced a correction down to $67,000 and is now consolidating in a certain range. This period of consolidation has sparked interest in the activities of Bitcoin whales, who seem to
In recent news, Ethereum exchange-traded funds (ETFs) have gained significant attention in the financial market, especially after the US Securities and Exchange Commission’s (SEC) approval of these investment products. While Ethereum ETFs are making waves, the Bitcoin spot ETF market has also experienced a resurgence with positive inflows for the second consecutive week. On Friday,