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
Bitcoin
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
The Spot Bitcoin ETFs have recently faced a significant decrease in demand, leading to considerable outflows on April 26. Farside Investors reported that on April 25 alone, these ETFs recorded $217 million in net outflows, with Grayscale’s Bitcoin Trust (GBTC) accounting for the majority of these outflows by investors moving $139.4 million out of the
Peter Schiff, a prominent chief economist and Bitcoin critic, has recently issued a somber prediction regarding the world’s largest cryptocurrency. In a cautionary X post, Schiff emphasized the importance of Bitcoin maintaining its stronghold above the critical support level of $60,000. He warned investors of the potential repercussions should BTC drop below these key levels,
The recent Bitcoin halving event, which took place on April 20, 2024, has ignited a sense of hope in the cryptocurrency market. Following the halving, there was a brief period of uncertainty indicated by a drop in a key futures metric. However, overall market indicators are pointing towards a bullish trend gaining momentum. Analysts at
Bitcoin has experienced a wave of volatility leading up to the recent Halving event, but has managed to rebound successfully. The cryptocurrency has surged to the $66,000 mark, sparking optimistic forecasts from renowned crypto analysts regarding its trajectory in the coming months. Captain Faibik’s Bold Prediction Captain Faibik, a prominent cryptocurrency analyst and trader, has