The recent crash in Bitcoin price back towards the $56,000 level has once again highlighted the extreme volatility in the cryptocurrency market. Despite a brief pump triggered by the CPI data release showing lower inflation rates than expected, the bearish trend has persisted. Even with efforts from bulls to prop up the price, a crypto
Bitcoin
Recently, Bitcoin surged to an all-time high above $73,000, causing speculations about whether the cryptocurrency has reached its peak in this cycle. Amidst these discussions, a crypto analyst known as ‘CryptoCon’ conducted a detailed evaluation of Bitcoin’s price trends and future prospects, suggesting that there is still significant upward momentum on the horizon. On July
Bitcoin (BTC) has recently shown a successful break above its bearish trendline, signaling a strong bullish momentum in the market. This development has sparked optimism among traders and investors, raising the question of whether BTC can sustain its current momentum and reach the coveted $60,152 mark. With a market capitalization exceeding $1.1 trillion and a
A crypto analyst known as ‘DonAlt’ has made a bold prediction regarding the future of Bitcoin, foreseeing a surge in its price to $100,000 in the coming years. This optimistic outlook is supported by the increasing inflows into Spot Bitcoin ETFs and various forecasts indicating an impending bull run for the cryptocurrency market. Other market
Over the weekend, Bitcoin experienced a significant drop in 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 seen for the cryptocurrency in the last two years, causing the market to lose billions of dollars. Despite this, Bitcoin
The recent price crash in Bitcoin has raised concerns about the potential for further downside ahead. Jacob Canfield, a trading mentor at Trading Mastery, has highlighted historical patterns in Bitcoin’s pricing trends. Canfield’s analysis suggests that Bitcoin tends to retest yearly open levels, either confirming bearish or bullish trends. Since 2017, each year’s opening price
Veteran trader Peter Brandt recently raised concerns about Bitcoin potentially dropping to as low as $44,000. Brandt based this prediction on a technical indicator that suggested a bearish outlook for the flagship cryptocurrency. He highlighted the possibility of Bitcoin experiencing a severe reversal to the downside if it has indeed completed a double top pattern.
The beginning of July has not been the ideal start for the Bitcoin and crypto market, contrary to earlier expectations. Various events have occurred that have shaken the market dynamics. One such event is the delay in the debut of Spot Ethereum ETFs on July 2nd. Additionally, reports have surfaced that the US and German
Semilore Faleti, a cryptocurrency writer, started his career by delving into various subjects. However, it wasn’t long before he discovered his passion for unpacking the complexities of blockchains and cryptocurrency. His early years were dedicated to honing his skills as a content writer, crafting educational pieces that catered to both newbies and veteran crypto users.
Opeyemi is a writer deeply immersed in the world of cryptocurrency. Despite not originally choosing the digital asset industry, he has been captivated by it for over two years now. Opeyemi is known for his ability to create informative pieces that demystify the complexities of blockchain technology and provide valuable insights into the ever-changing landscape