Bitcoin is experiencing a decline as 2024 comes to a close, dropping nearly 5% in December, despite significant purchases from MicroStrategy. However, January is historically a strong month for Bitcoin, averaging a 3.35% increase since 2013 and nearly 57% gain in first quarters over the same period. This downturn isn’t unique to Bitcoin; the broader ...
A well-known crypto analyst, Rekt Capital, warns that Bitcoin (BTC) may be entering a prolonged downturn after breaking through two key support levels on the weekly chart. He told his 524,500 followers on X that this indicates an end to the recent short-term price uptrend, suggesting Bitcoin might experience a correction in the coming weeks. ...
Concerns have been raised about a potential drop in Bitcoin’s price, particularly due to a gap in trading data from the Chicago Mercantile Exchange (CME). Analysts predict that Bitcoin could fall to around $77,000 as it aims to fill this gap. Egrag Crypto, a prominent analyst, highlighted that Bitcoin has faced significant corrections since October ...
Bitcoin’s price recently fell below $96,000 after a significant amount, around $3.2 billion worth of BTC, was transferred to exchanges, indicating possible sell-offs that could impact prices further. Despite this drop, many analysts remain optimistic about a potential recovery, with predictions suggesting Bitcoin could reach $110,000 by the end of this year and possibly over ...
Cathie Wood, a prominent figure in growth investing, is optimistic about Bitcoin’s future. In a recent Bloomberg TV interview, she projected that Bitcoin could reach between $1 million to $1.5 million by 2030. Wood emphasized that institutional investors are starting to take digital assets seriously, especially with the launch of spot Bitcoin exchange-traded funds in ...
As the holiday season approaches, Bitcoin enthusiasts are hopeful for a “Santa Rally,” a term used to describe rising asset prices in late December due to positive sentiment and lower trading volumes. Economist Alex Kruger has pointed out that this rally seems to be occurring, with Bitcoin recovering from a drop to around $94,500 and ...
Dan Morehead, CEO of Pantera Capital, believes that the crypto Market, particularly Bitcoin, will experience its next peak in 2025. In a recent interview, he explained that Bitcoin’s price trends often follow a four-year halving cycle, which reduces the rewards for miners, tightening supply. Based on historical data, Morehead predicts Bitcoin will reach a price ...
Bitcoin’s social sentiment has dropped to its lowest level in 2024, with more negative comments from retail traders despite the price stabilizing above $95,000. This pessimism might signal a potential price rebound, as historically, markets often move against retail expectations. After peaking at over $108,000 in December, Bitcoin has fallen over 10%, currently trading around ...
A prominent crypto analyst known as TechDev believes Bitcoin is on the verge of entering a parabolic phase in its Market cycle. With over 490,000 followers on the platform X, he highlights technical indicators that historically signaled significant price rallies for Bitcoin. TechDev notes that Bitcoin has recently breached the upper range of its Bollinger ...
In 2024, Bitcoin’s price skyrocketed over 140%, reaching $100,000 for the first time. This surge was fueled by the launch of Bitcoin Spot ETFs and reduced supply due to the fourth halving event. The election of crypto-friendly Donald Trump further boosted Market confidence. Experts predict that Bitcoin could exceed $200,000 by 2025, supported by strong ...
