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
Bitcoin
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
The recent price movement of Bitcoin has been a cause for concern for many investors, with the price dropping more than -22% since the mid-March high over $73,000. Jacob Canfield, a trading mentor at Trading Mastery, has offered his analysis on the potential for further decline in the Bitcoin price. Canfield’s analysis is based on
Experienced trader Peter Brandt recently suggested the possibility of Bitcoin plummeting to as low as $44,000, citing a technical indicator that presents a bearish perspective for the leading cryptocurrency. According to Brandt, Bitcoin may be on the verge of forming a double top pattern, which typically signals a sharp downturn in price. The concept of
The beginning of July proved to be less bullish than anticipated for the Bitcoin and crypto market due to various factors that have disrupted market stability. The delay in the debut of Spot Ethereum ETFs on July 2nd, coupled with reports of significant BTC sell-offs by the US and German governments, have contributed to the
Opeyemi is a writer who has found his passion in the world of cryptocurrency. Despite not originally choosing the digital asset industry, he has become deeply involved in it over the past two years. Opeyemi now focuses on creating insightful pieces that explore the intricacies of blockchain technology and stay updated on the latest trends
The recent drop in Bitcoin’s price to below $54,000 on July 5 has once again highlighted the extreme volatility that plagues the cryptocurrency market. In the short term, Bitcoin has experienced a 7% decrease over the past week and a significant 20.25% decline over the last month. This sudden price movement has left many investors
