JP Morgan, a prominent American multinational finance company, has recently expressed optimism regarding the future outlook of the Bitcoin price despite recent bearish trends in the market. The bank has outlined a timeline for the conclusion of ongoing Bitcoin liquidations and has predicted a subsequent rebound in the market. According to JP Morgan’s research report,
Bitcoin
The Bitcoin price has been on a rollercoaster ride in the past week, showing signs of recovery and returning above the $58,000 mark by the end of the week. A well-known crypto analyst, Ali Martinez, has recently identified a chart formation that suggests a potential continuation of this resurgence in the premier cryptocurrency. Martinez’s analysis
Semilore Faleti is a name that stands out in the world of cryptocurrency journalism. With a specialization in journalism and content creation, Semilore has made a name for himself by delving deep into the complexities of blockchain technology and digital assets. His passion for the efficiency of storing and transferring value using cryptocurrencies has driven
Jamie Coutts, the chief crypto analyst at Real Vision, has pointed out an important indicator that suggests a possible bullish trend for Bitcoin. Coutts highlighted that Bitcoin’s hash rate decline is slowing down, which historically signifies a potential reversal of the bearish trend. This indicator is crucial as it often precedes a bottom and a
The recent crash in the Bitcoin price has left many investors anxious about the future of the cryptocurrency market. Despite a brief pump triggered by the CPI data release, the price has fallen back towards the $56,000 level. Cryptocurrency analysts have varying opinions on whether this decline will continue or if there is potential for
Bitcoin, the pioneer cryptocurrency, recently reached a staggering all-time high exceeding $73,000 in March, triggering discussions among market observers about whether it has reached its peak in this particular cycle. While there are conflicting opinions on this matter, a crypto analyst known as ‘CryptoCon’ has conducted a comprehensive examination of Bitcoin’s recent price trends and
Recent data indicates a significant shift in the relationship between Bitcoin and US stocks. Previously, Bitcoin had a positive correlation with flagship crypto and these stocks. However, data from the market intelligence platform IntoTheBlock now shows a stark contrast. Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has plummeted to -0.78 and -0.83, respectively.
Bitcoin (BTC) has recently broken above its bearish trendline, signaling strong bullish momentum. With a market capitalization of over $1.1 trillion and a trading volume exceeding $24 billion, Bitcoin is currently trading at around $58,119, down by 1.37% in the last 24 hours. On the 4-hour chart, Bitcoin is showing positive signs as it attempts
A self-proclaimed crypto analyst, known on X as ‘DonAlt,’ recently made headlines by predicting that Bitcoin’s price could soar to an impressive $100,000 in the coming years. This optimistic outlook comes amidst growing inflows into Spot Bitcoin ETFs and the widespread anticipation of an imminent bull run in the cryptocurrency market. While some may view
Over the recent weekend, Bitcoin experienced a significant drop in price, falling below the $60,000 mark due to rapid selling by major holders like the German and US governments. This sudden drop resulted in one of the largest declines seen for the leading cryptocurrency in the past two years, causing the market to lose billions
