The Bitcoin price has reached a stagnant point after soaring to $71,000, lingering in a state of uncertainty. Such periods often precede major movements in price, but predicting the direction of these movements is a daunting task. Crypto analyst Alan Santana has delved into the Bitcoin chart to forecast the potential trajectory of the price.
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Philip Swift, the founder of LookIntoBitcoin, recently pointed out the significant increase in global liquidity, which has just reached a new all-time high (ATH). According to Swift, global liquidity hitting a new ATH is a crucial indicator of how Bitcoin can rise in the current bull run. Swift emphasized that global liquidity is the “most
The recent surge in Bitcoin price to $70,000 has sparked optimism among investors, especially those in the United States. The return of the Coinbase Premium Index to positive territory has been seen as a bullish signal for many. The Coinbase Premium Index (CPI), which had been in the negative since May 18, has now turned
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing a significant surge in inflows for the past 17 consecutive days. In a surprising turn of events, these ETFs recorded a massive $886.6 million in inflows on a particularly notable Tuesday, making it the second-highest single-day influx since their introduction. Following this impressive day, another
The recent performance of crypto assets such as Bitcoin, Ethereum, and Solana has continued to outshine traditional investments like Gold. According to a report shared by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), these digital assets have boasted annualized returns of 141%, 152%, and 224% respectively, far surpassing the returns of traditional assets
Bitcoin, the enigmatic digital currency, is once again at the center of attention as the US banking system faces increasing pressure. While some enthusiasts are foreseeing a dramatic surge in Bitcoin’s value to $1 million per coin, driven by economic uncertainties, there are others who remain cautious. Advocates of Bitcoin argue that its finite supply
In the ever-evolving world of cryptocurrency, market analysts are constantly trying to anticipate the next big moves. One such analyst, known as Crypto Emily, has recently made some bold predictions regarding the prices of six major cryptocurrencies. Starting with Bitcoin, Crypto Emily believes that the price of the leading cryptocurrency will surge to an impressive
Venture capitalist and billionaire investor, Chamath Palihapitiya, has made a bold prediction regarding the future price of Bitcoin. He believes that the cryptocurrency could potentially soar to $500,000 in the near future. This ambitious forecast is based on his analysis of historical halving cycles and their impact on Bitcoin’s value. Historical Halving Cycles Palihapitiya has
In the world of cryptocurrency, Bitcoin has always been at the center of attention. Despite recent price fluctuations that saw Bitcoin dropping below the $70,000 mark, one crypto analyst remains steadfast in his optimism for the future of the pioneering cryptocurrency. According to Peter Brandt, a well-known crypto analyst, Bitcoin is poised to reach new
Recently, crypto analyst Tara pointed out a bullish pattern on the Bitcoin chart, suggesting that the flagship cryptocurrency could make a major move to reach $75,800, potentially setting a new all-time high. She noted the completion of a full ABCDE pattern on both price and the Relative Strength Index (RSI), indicating a potential parabolic phase