The recent failure of Bitcoin to surpass the $72,983 resistance level has resulted in a downward trend in its price. Despite still being above the 1-day Simple Moving Average (SMA), the rejection has caused a drop from $71,942 to $66,785. This decline is evident in both the 1-hour and 4-hour charts, where Bitcoin has moved
Bitcoin
In recent times, there has been a noticeable uptick in investor confidence within the cryptocurrency market. Bitcoin, in particular, has been a major beneficiary of this positive trend. Despite the somewhat frustrating price action that saw the premier cryptocurrency ending May below the $70,000 mark, large-scale investors have been continuously accumulating BTC. The latest on-chain
The cryptocurrency market has been met with a wave of uncertainty as a prominent crypto strategist, known as Xanrox, has predicted a potential downturn in the price of Bitcoin. Despite the recent surge in price that saw Bitcoin climb above $70,000, Xanrox’s analysis suggests that the market may be entering a bearish phase. Xanrox first
The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. However, a recent analysis by Cryptorphic, a prominent crypto analyst, suggests the future might be brighter than recent dips might indicate. Their prediction? Bitcoin hitting a staggering $156,000 by May 27th, 2025. Cryptorphic’s prediction hinges on a historical phenomenon known as the
In the midst of optimism surrounding the cryptocurrency market, well-known crypto analyst and enthusiast Crypto Con has provided a positive outlook on Bitcoin. By examining historical patterns, Crypto Con predicts that the price of BTC could soar to $123,832 in the upcoming months. His analysis is rooted in past market behavior and trends, uncovering key
