A top Elliott Wave expert from Korea believes XRP could reach between $10 and $40 soon, potentially increasing by up to 1,726% from its current price. XForceGlobal notes that XRP is completing a correction phase and is primed for a significant bull run. They have identified a “WXY corrective pattern,” signaling an end to the ...
Bitcoin is currently trading at a 40% discount to its intrinsic value, according to investment expert Charles Edwards. Recently, over 36,000 BTC were withdrawn from major exchanges like Coinbase and Binance, signaling strong institutional interest, possibly due to spot Bitcoin ETF inflows. Edwards believes Bitcoin’s price trajectory from late 2024 suggests that it could soar ...
Bitcoin’s price is holding steady around $93,000 after a significant weekly rally of 9.5%. Meanwhile, Ethereum is facing resistance at $1,861, with signs of a potential rally if it breaks through. XRP is nearing a crucial resistance level at $2.23; a close above this could indicate an uptrend. However, all three cryptocurrencies are showing signs ...
A recent analysis suggests that Bitcoin’s price movements are closely linked to the global M2 money supply, indicating a potential rise in value. According to crypto analyst Collin Talks Crypto, Bitcoin tends to increase in price when global liquidity rises, albeit with a delay. The analysis used two models with offsets of 78 and 108 ...
Bitcoin is experiencing a steady price increase, currently trading at $87,361, edging closer to the $90,000 mark. Although there’s positive momentum, recent data shows record outflows from Bitcoin spot exchange-traded funds (ETFs), with over $4.8 billion withdrawn since their peak. This trend indicates a shift in institutional investment behavior, yet Bitcoin’s price remains stable, suggesting ...
Bitcoin has experienced a positive shift following a recent bullish breakout. After a week-long consolidation between $83,000 and $86, Bitcoin surged past $87,000, with analysts focusing on the next significant resistance range of $90,000 to $92,000. This level previously served as a strong support zone before a decline in late February. The breakout also suggests ...
After a three-month price correction, the future of the Bitcoin bull Market remains uncertain. Although there was a slight price recovery in April, Bitcoin hasn’t shown a strong signal to continue its upward trend, primarily due to a lack of encouraging Market conditions. Analyst Axel Adler Jr. noted that Bitcoin long-term holders are reducing their ...
Bitcoin has recently been fluctuating between $83,000 and $86,000, with analyst Burak Kesmeci pointing out critical price levels for short-term movement. He identifies a support level at $82,800, reflecting the average cost for new investors over the past month, suggesting many will defend this price. On the other hand, the resistance level is at $92,000, ...
In April, the Bitcoin Market has experienced significant ups and downs, with investors showing mixed emotions. Notably, Bitcoin whales, or major holders, have been accumulating more BTC, adding 53,600 BTC recently, which now accounts for nearly 68% of the total supply. This accumulation suggests that these influential investors are optimistic about future price increases despite ...
Bitcoin has experienced a recent bounce back, rising 14.60% after dipping below $75,000, but concerns linger as it struggles to surpass the $85,000 resistance. Analysts suggest that rising gold prices amid geopolitical tensions might divert investors away from Bitcoin, potentially pushing it below $50,000. Recent data indicates a split between short-term holders facing losses and ...
