The Bitcoin price surge above $69,000 and eventual climb to a new all-time high of $73,000 in 2024 took many in the crypto world by surprise. This sudden spike in value before the fourth halving was not something that everyone had anticipated. However, one crypto analyst, BitQuant, had accurately predicted this milestone back in 2023.
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Ric Edelman, the founder of the Digital Assets Council of Financial Professionals and Edelman Financial Services, recently made headlines with his bold Bitcoin price prediction. According to Edelman, Bitcoin’s price could skyrocket to $420,000, driven by a modest global asset allocation towards the cryptocurrency. This forecast has garnered significant attention in the financial world, especially
In the midst of the recent decline in Bitcoin’s price and the overall cryptocurrency market, Titan of Crypto has brought attention to the $61,500 price level as a crucial threshold to keep an eye on for the largest cryptocurrency. He views this level as pivotal for Bitcoin and believes it could determine the coin’s next
In the current volatile market where Bitcoin’s future is uncertain, cryptocurrency analyst Crypto Jelle has provided a positive perspective on the digital asset. Despite the recent price consolidations and skepticism from the community, Jelle believes that Bitcoin’s bull run is far from over and predicts a significant rally in the coming months. Crypto Jelle’s Analysis
Bitcoin is currently facing a crucial moment in its price movement as highlighted by crypto analyst Ali Martinez. The analyst pointed out that for Bitcoin to climb to $76,000, it needs to reclaim $64,290 as support. Failure to do so could result in a significant drop to $51,970, a level not seen since the beginning
Bitcoin, the premier cryptocurrency, has been experiencing a slowdown not only in its price action but also in on-chain activity. This has raised concerns among investors who closely monitor these metrics to gauge the health of the market. One of the concerning metrics is the transaction volume on the Bitcoin network, which has been on
In recent weeks, the cryptocurrency market has experienced a downward trend after reaching an all-time high in March. This has sparked a buy-the-dip sentiment among traders, with many hoping for a quick rebound. However, according to the crypto analytics platform Santiment, the enthusiasm for buying cheap Bitcoin seems to be fading as the consolidation lingers
Two of the United States’ biggest banks, JP Morgan and Wells Fargo, have recently made headlines by dipping their toes into the world of Bitcoin ETFs. This move signifies a shift in their previous stance on cryptocurrencies, given the ongoing bearish trend in the crypto market. Despite Bitcoin’s price hovering just above $60,000, both financial
When former President Donald Trump recently expressed his strong support for Bitcoin and cryptocurrencies, it marked a significant departure from his previous skepticism towards the digital assets. This sudden pivot in his stance has caught the attention of crypto enthusiasts and investors alike, sparking discussions about the potential implications of such a shift as the
Recent data from IntoTheBlock, an on-chain analytics firm, has revealed a concerning trend in the accumulation behavior of Bitcoin whales. These large investors, holding over 1,000 BTC, have been major players in supporting the price of Bitcoin and preventing drastic declines. However, the data shows a decline in whale accumulation volumes in each buying cycle