The Elliot Wave theory has gained significant popularity among Bitcoin analysts for its ability to predict the future direction of the cryptocurrency’s price. Pseudonymous crypto analyst XForceGlobal has recently utilized this theory to project what potentially lies ahead for the Bitcoin price. Wave Analysis According to the analysis shared on TradingView, XForceGlobal employed the 5-wave
Bitcoin
Bitcoin open interest serves as a crucial metric in understanding how investors perceive the cryptocurrency market and the positions they are taking. The recent surge in Bitcoin open interest to a new all-time high has significant implications for the market, potentially signaling risks ahead. After experiencing a decline in open interest following a previous all-time
The Bitcoin price hit an all-time high of $73,400 in March 2024, but has since retraced and remained below this level for the last four months. Despite this, there is optimism that the price will eventually recover and reach a new all-time high. Crypto analyst “Melikatrader94” on TradingView has predicted another run to $77,600 based
US Republican Presidential candidate Donald Trump recently made a bold promise to the crypto community at the Bitcoin 2024 conference in Nashville. He stated that if elected, his administration would mandate the US government to keep “100%” of the Bitcoin it currently holds or acquires. This promise signifies a significant shift in the government’s approach
Cryptocurrency journalism is a rapidly evolving field that requires a deep understanding of blockchain technology, digital assets, and the global financial landscape. One individual who has made significant contributions to this space is Semilore Faleti, a talented writer with a passion for unraveling the complexities of the crypto world. Through his work in journalism and
The recent resurgence of Bitcoin has sparked hope among investors as the premier cryptocurrency makes its way back to its previous highs. One notable development in the market is the apparent end of Bitcoin miner capitulation. This observation is based on the Glassnode Hash Ribbon indicator, which tracks BTC’s hash rate. When the short-term moving
Marathon Digital, a prominent player in the Bitcoin mining industry, recently made waves with a massive $100 million investment in BTC. This move demonstrates the company’s unwavering faith in the long-term potential of the leading cryptocurrency, even in the face of market fluctuations. With this latest investment, Marathon Digital’s Bitcoin holdings have surged to approximately
Robert Kennedy Jr., an independent candidate for the US presidency, recently unveiled an ambitious financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. His plan aims to transform the United States into the world’s largest holder of Bitcoin, strategically acquiring BTC valued at $619 billion to match the current
According to a crypto analyst known as ‘Trader Tardigrade’, Bitcoin is currently forming a technical pattern called the “Cup with Handle” chart pattern. This pattern typically indicates a bullish trend, with the price movement resembling a cup followed by a handle. The analyst suggests that if Bitcoin breaks above the $68,000 level, it could potentially
Crypto analyst RLinda has recently shared a bullish case for Bitcoin, suggesting that the leading cryptocurrency could potentially reach a new all-time high (ATH) in the near future. She has also mentioned that Bitcoin might rise to as high as $90,000, citing both fundamental and technical factors to support her predictions. RLinda points out several
