Bitcoin, the world’s largest cryptocurrency, has recently received some positive news from a market strategist who believes that the prolonged downtrend in its price may finally be coming to an end. Rekt Capital, a well-known crypto analyst, has shared his insights with his large following on X, formerly known as Twitter. He has suggested that
Bitcoin
Upon analyzing the insights provided by crypto analyst Rekt Capital, it seems that Bitcoin may not be prepared for its next significant move upwards. According to Rekt Capital, Bitcoin is currently not at a stage where it is ready for a successful retest of the $65,000 level as a new support level. In order for
The recent news of the German government’s swift and extensive sale of Bitcoin has garnered attention within the cryptocurrency community. The government’s sale of approximately 49,858 BTC over a period of just two weeks was rooted in legal obligations stemming from the seizure of digital assets linked to the “movie2k” complex. The sale proceeds, totaling
As Joe Burnett, Senior Product Marketing Manager at Unchained Capital, pointed out in a recent YouTube video, the current market may be significantly underestimating Bitcoin’s potential this cycle. Unlike traditional market analyses that tend to compare Bitcoin’s performance in the current cycle to historical data, Burnett argues that it is crucial to consider Bitcoin within
Bitcoin developer Samson Mow has been vocal about his belief that Bitcoin will reach $1 million. He remains confident in this prediction, stating that BTC will hit this milestone within a year. Mow’s optimism is based on the current demand exceeding supply in the Bitcoin market, as well as the upcoming Bitcoin halving that is
Despite recent bearish trends in the Bitcoin market, JP Morgan has maintained a bullish stance on the cryptocurrency’s price outlook. The multinational finance company has announced a timeline for the conclusion of the ongoing BTC liquidations, predicting a subsequent rebound in the market. According to a recent research report by JP Morgan, BTC liquidations are
Recently, the Bitcoin price has shown promising signs of recovery, climbing back above $58,000 after a tumultuous period. A well-known crypto analyst has pointed out a chart formation that could indicate a continuation of this upward trend for the premier cryptocurrency. The analyst, Ali Martinez, highlighted the formation of an ascending triangle pattern on the
Semilore Faleti is a rising star in the world of cryptocurrency writing, specializing in journalism and content creation. His journey into the realm of blockchains and digital assets has been marked by a deep passion for unraveling the complexities of this fascinating industry. Starting out as a writer covering various topics, Semilore quickly discovered his
Jamie Coutts, Real Vision’s chief crypto analyst, has identified a promising indicator for Bitcoin’s future trajectory. He pointed out that Bitcoin’s hash rate decline is beginning to slow down, a trend that typically signals a potential bottom and reversal of bearish momentum. This deceleration in hash rate decline hints at a possible end to miners’
The Bitcoin price has once again experienced a significant drop, falling towards the $56,000 level following a brief surge triggered by the CPI data release on Thursday. This fluctuation in price has sparked concerns among investors and traders alike, especially as the cryptocurrency market remains highly volatile. Despite initial attempts by bulls to keep the