The Elliot Wave theory has gained significant traction among Bitcoin analysts due to its accuracy in forecasting the future direction of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized the 5-wave Elliot Wave theory to provide insights into what could potentially occur with the Bitcoin price. According to XForceGlobal’s analysis shared on TradingView,
Bitcoin
The Bitcoin open interest is a crucial metric that reflects how investors perceive the cryptocurrency and the bets they are placing. When the open interest reaches a new all-time high, it can have significant implications for the market. Recently, the Bitcoin open interest hit a record high, which could potentially signal trouble for the digital
Since reaching its peak of $73,400 in March 2024, Bitcoin has been on a downward trend, failing to surpass its previous all-time high for the past four months. Despite this, there is still optimism within the crypto community that Bitcoin will eventually bounce back and reach a new all-time high. Crypto analyst “Melikatrader94” on TradingView
US Republican Presidential candidate Donald Trump made headlines with his appearance at the Bitcoin 2024 conference in Nashville on July 27. He addressed the crypto community with promises that could potentially change the landscape of Bitcoin ownership in the United States. Trump boldly stated that if elected, his administration would mandate the US government to
Recent on-chain insights have revealed that Bitcoin miner capitulation may have come to an end, signaling a potential recovery phase for the network. The Glassnode Hash Ribbon indicator, which measures BTC’s hash rate, has shown a positive cross where the 60-day ribbon falls below the 30-day ribbon. This shift indicates that Bitcoin miners are returning
Marathon Digital, a prominent Bitcoin mining company, has recently made a bold move by investing a significant $100 million in BTC. This decision showcases the company’s unwavering confidence in the long-term potential of the leading cryptocurrency, despite previous price fluctuations in the market. The substantial investment has bolstered MARA’s already impressive Bitcoin holdings, bringing its
Robert Kennedy Jr.’s proposal to transform the United States into the world’s largest holder of Bitcoin represents a bold departure from traditional financial policies. By advocating for the strategic acquisition of Bitcoin to match the current US gold reserves, Kennedy aims to redefine monetary policy and enhance fiscal discipline within the federal government. This proposal
A recent prediction by a crypto analyst named Trader Tardigrade has sent shockwaves through the cryptocurrency community. According to the analyst, Bitcoin is on track to reach an unprecedented $263,000, but with a catch. The bullish surge to new all-time highs is dependent on Bitcoin meeting specific market conditions. Trader Tardigrade identified a key technical
Crypto analyst RLinda has recently pointed out some fundamental reasons why Bitcoin could potentially reach a new all-time high of $90,000. She mentioned that the market is eagerly anticipating the launch of Spot Ethereum ETFs, which she believes will have a positive impact on the overall cryptocurrency market. Additionally, RLinda highlighted the support for cryptocurrencies
The cryptocurrency market is once again seeing a surge in green, with both Bitcoin and altcoins experiencing significant rallies. Analysts such as Capo of Crypto are expressing optimism, suggesting that these digital assets still have room for massive growth. In a recent X post, Capo highlighted that the “best is yet to come” for Bitcoin
