Bitcoin recently saw a retracement after hitting $53,000 on February 20. Despite this dip, Bitcoin whales are using it as an opportunity to accumulate more of the flagship cryptocurrency. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, revealed in a post on X (formerly Twitter) that inflows into accumulation
Bitcoin
The Bitcoin open interest has surged in recent weeks as the price continues to climb steadily. This increase in open interest reflects a growing interest in the cryptocurrency market, especially after the approval of Spot Bitcoin ETFs for trading by the United States Securities and Exchange Commission (SEC). The open interest for BTC has reached
Following a recent surge in the price of Bitcoin, reaching above $50,000 for the first time since 2021, there have been speculations of a potential bearish correction in the near future. A prominent crypto analyst, Ali Martinez, has highlighted the possibility of a one-to-four candlesticks correction based on the Tom Demark Sequential indicator. This prediction
In a thought-provoking discussion at the Exchange ETF conference in Miami Beach, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, shared their insights on the future of spot Bitcoin ETFs and their integration within diversified portfolios. The standout moment came when Ric
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical “Cup and Handle” pattern in the Bitcoin (BTC) price chart. This technical formation is viewed as a strong bullish signal by market analysts and traders. The pattern consists of a “Cup” shape followed by a “Handle” formation, and it has
Bitcoin, the undisputed king of cryptocurrencies, is making headlines once again with its recent price surge that has propelled it past the coveted $50,000 mark. This rally, combined with an “extreme greed” reading on the Crypto Fear and Greed Index, suggests that the market is overflowing with optimism, but it also raises concerns about potential
Bitcoin, the most well-known cryptocurrency, has been gaining global attention and adoption in recent years. Tuur Demeester, a prominent Bitcoin OG and researcher for Adamant Research, has shared his bullish outlook for the future of Bitcoin. Demeester predicts that the price of Bitcoin could escalate to between $200,000 and $600,000 by the year 2026. This
After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Bitcoin halving
As Bitcoin continues its recovery after a bearish January, crypto analyst Adam Back suggests that there is a chance for the cryptocurrency to hit the $100,000 price mark before the much-anticipated halving event in April. Unlike previous predictions, Back believes that the bull run may occur prior to the halving event, thanks to the recent
Bitcoin (BTC) has been on an upward trajectory, gaining 4.04% in the last 24 hours to briefly surpass the $48,000 mark. However, amidst this positive movement, there are concerns of an impending dip that could spell significant losses for investors. Popular analyst Ali Martinez has made a major prediction regarding a planned liquidation that could
Bitcoin (BTC) has recently hit a major milestone, surpassing $46,000 for the first time since spot ETFs were introduced on January 11. This significant increase of 3.4% in a single day and a 6% increase over the previous week has sparked renewed interest in the cryptocurrency. Despite a rocky start to Bitcoin’s 2024, marked by
The digital currency market experienced a significant shift on Wednesday, as Bitcoin (BTC) surged past $44,000, reaching a four-week high and edging closer to the coveted $45K mark. This bullish charge was attributed to a combination of factors, including a renewed interest from major investors, remarkable growth in US equity markets, and an unexpected regulatory
Since mid-January, Bitcoin has been stuck in a sideways movement, breaking out of a parallel upward channel to the downside. However, the monotony might soon come to an end, as indicated by the Bollinger Band Width (BBW) indicator. The BBW is a derivative of the Bollinger Bands, which consist of an upper and lower band
Institutional investors continue to flock towards the world of digital assets, with Bitcoin and Solana leading the way in terms of institutional inflows. According to a recent CoinShares report, Bitcoin witnessed a staggering $703 million in inflows last week, accounting for 99% of all flows into digital asset investment products. Surprisingly, Solana followed closely behind