The recent surge in the price of Bitcoin to $69,000 has been followed by a pullback, leading to concerns about a potential downtrend in the cryptocurrency market. Multiple crypto analysts, including Ali Martinez, have highlighted key technical indicators that suggest a looming correction in the price of Bitcoin. According to Ali Martinez, the Tom DeMark
Bitcoin
In a recent surge of capital, Bitcoin reached impressive heights on Monday, almost hitting record values with a peak price of $68,800. Currently, Bitcoin is trading at $67,980, showing an increase of 6.6% and 20.6% on a daily and weekly basis respectively, as per data from Coingecko. This surge in Bitcoin’s value has been attributed
The month of February was nothing short of extraordinary for Bitcoin, with the cryptocurrency adding a whopping $18,000 to its value within just one month. The momentum from February has spilled over into March, with Bitcoin breaking through the $65,000 threshold for the first time since 2021, sparking optimism among investors. Matrixport’s head of research,
As Bitcoin continues its upward trajectory, hitting the $64,000 mark over the weekend, experts and analysts are closely monitoring the trends that could potentially determine the cryptocurrency’s next move. Cryptocurrency analyst Ali Martinez recently shared his insights on Twitter, pointing out a critical support area that could either lead to a further uptick or a
The recent reports suggesting a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have sent shockwaves through the market. With only around 40 BTC available for sale at one point, the implications of this scarcity are significant and could potentially mark a new era in BTC trading dynamics. Market Observations and
The Chief Executive Officer (CEO) of Bitwise, Hunter Horsley, has made waves in the cryptocurrency community with his bold prediction of Bitcoin reaching $250,000 in the near future. This optimistic outlook has garnered attention from investors and enthusiasts alike, as Horsley foresees the cryptocurrency surpassing its current price of $62,000 by more than four times.
Bitcoin (BTC) has experienced a significant 5% increase in price in the last 24 hours, bringing it closer to the highly sought-after $60,000 mark. This surge in value is fueled by a renewed interest from investors, pushing the largest cryptocurrency in the world towards its all-time high. The recent spike in price coincides with a
Investor sentiment plays a crucial role in determining the movement of the Bitcoin price, and the Bitcoin Fear & Greed Index is a key tool in understanding this sentiment. This index categorizes investor sentiment into five major categories – Extreme Fear, Fear, Neutral, Greed, and Extreme Greed, based on a scale of 0-100. Currently, the
Despite the looming bearish speculations surrounding Bitcoin, Crypto Jelle, a prominent cryptocurrency analyst, has made a bold prediction on social media platform X. He emphasized that the negative sentiments and discussions about potential pullbacks and corrections do not alter the bigger picture for BTC. Jelle’s advice to investors is to “stick to the plan,” as
Recent data suggests that outflows from Grayscale’s Bitcoin Trust (GBTC) are showing signs of slowing down, particularly in comparison to the trading activity of Bitcoin ETFs. This shift comes as investor anxiety surrounding Grayscale’s Spot ETF appears to be calming, with the broader ETF market continuing to experience significant trading volumes and growth in assets