Bitcoin may be facing a downward trend, struggling to maintain a position above $54,000 and break through $57,000. Despite these challenges, a recent analysis by crypto analyst Kaleo reveals that Bitcoin is actually displaying healthier dynamics compared to its performance during the previous halving cycle. It has been 141 days since the last halving, and
Bitcoin
Cryptocurrency analyst Thomas has come forward with his Bitcoin price prediction for the year 2030, linking it to the outcome of the upcoming US presidential elections. According to Thomas, regardless of whether Donald Trump or Kamala Harris emerges victorious, Bitcoin is headed towards hitting the $1 million mark by 2030. This bold statement has stirred
The world of cryptocurrency, particularly Bitcoin, has been a hot topic recently with predictions swinging from one extreme to the other. Analysts have been divided on whether Bitcoin can reach a new all-time high after the crash. While bearish sentiments persist, there are still those who are optimistic about the future of the pioneer cryptocurrency.
In a recent market analysis by Crypto analyst CryptoCon, it was pointed out that the current price action of Bitcoin is strikingly similar to that of December 2016. The analyst mentioned that it feels like September 2016 all over again for Bitcoin, with the cryptocurrency dipping into the support zone after the mid-top. CryptoCon highlighted
On September 6, the price of Bitcoin fell below $54,000, triggering a wave of selling among traders in the crypto market. This drop in price was influenced by macroeconomic developments that presented a pessimistic outlook for Bitcoin. Bitcoin’s price decline can be attributed to the release of a weak job report for the month of
Opeyemi is not just a writer, but a passionate enthusiast in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become completely engrossed in this unique realm for over two years. He takes pride in his ability to create compelling pieces that demystify the complexities of blockchain technology and provide
The recent market crash in the Bitcoin and crypto industry has caused widespread panic among investors, leading to a sharp decline in prices. This market turmoil has resulted in the Fear & Greed Index plummeting into Extreme Fear territory, indicating that investors are hesitant to invest in the market. However, this negative sentiment could potentially
In a recent statement, Arthur Hayes, the co-founder of BitMEX, expressed a pessimistic view on the immediate future of the Bitcoin price. Despite not providing explicit reasons for his prediction, Hayes hinted at a potential drop in the price of Bitcoin to below $50,000 in the coming weekend. His decision to take a short position
Bitcoin and Ethereum have experienced a rough start to September, with both cryptocurrencies seeing price declines. This bearish sentiment can be attributed to several macroeconomic factors, including the effects of the Yen carry trade. The recent surge of the Yen against the US dollar has led investors to sell riskier assets like Bitcoin and Ethereum
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000
