The current state of Bitcoin’s market position may seem bleak, as it struggles to break above key resistance levels. However, a recent analysis by cryptocurrency analyst Kaleo suggests that Bitcoin is actually in a healthy position. This analysis compared Bitcoin’s performance since the recent halving cycle to its performance after the previous halving in 2020.
Bitcoin
Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin. On Tuesday, September 10, Santiment, a market intelligence platform, disclosed a new
As the US presidential elections draw nearer, the crypto community is abuzz with discussions about how the outcome of the polls will impact Bitcoin’s future trajectory. Crypto analyst Thomas recently made a bold prediction for Bitcoin’s price in 2030, regardless of whether Donald Trump or Kamala Harris emerges as the winner. Thomas confidently stated that
Recent predictions about the future price of Bitcoin have been causing quite a stir in the cryptocurrency community. Bernstein analysts, Mahika Sapra, Sanskar Chindalia, and Gautam Chhugani, have taken a bullish stance on the potential outcome for Bitcoin. They have suggested that the Bitcoin price could break $90,000 and even rally towards $100,000, with a
Crypto analyst Daan Crypto recently highlighted a Bitcoin Rainbow Chart, shedding light on the crypto’s current price action. According to Daan Crypto, Bitcoin needs to maintain a price level above $60,000 to initiate a bullish reversal in its trend. The analyst emphasized the significance of breaking above $60,000 for Bitcoin to potentially reach new highs
John is a dedicated writer and enthusiast in the dynamic world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become fully engrossed in it for over two years. John takes great pride in producing original pieces that demystify the complexities of blockchain technology and provide insights into the latest trends in
The recent crash in the Bitcoin and crypto market has sent prices plummeting across the board, leading to a rapid decline in sentiment among investors. This has caused the Fear & Greed Index to drop into the Extreme Fear territory, indicating that investors are hesitant to invest in the market. However, this shift in sentiment
Arthur Hayes, the co-founder of BitMEX, recently shared a pessimistic forecast for the future price of Bitcoin. In a candid statement on his X profile, Hayes hinted at a potential drop in the price of Bitcoin to below $50,000 over the weekend. His decision to take a short position reflects his belief in a bearish
The summer of 2024 has not been kind to Bitcoin, with the price experiencing significant volatility and flash crashes. The price of Bitcoin dropped from over $70,000 to below $50,000 in a short period of time, sparking concerns among investors. However, crypto analyst Crypto Jelle has identified similarities with the summer of 2023 that suggest
The recent price volatility of Bitcoin, including a significant crash below $50,000 last month, has caused a slowdown in the momentum of the anticipated bull run. Despite this price lull, some analysts remain optimistic about Bitcoin’s future price movements. One crypto analyst, CryptoCon, views Bitcoin’s recent price drop as a minor setback and believes that
