Jamie Coutts, the chief crypto analyst at Real Vision, has brought attention to an indicator that suggests a positive future for Bitcoin (BTC). According to Coutts, Bitcoin’s hash rate decline is slowing down, which typically signals a possible bottom and reversal from the current bearish trend. However, Coutts mentioned that any bullish movement still hinges
Bitcoin
The recent Bitcoin price crash back towards $56,000 has left many investors concerned about the future of the cryptocurrency. Despite a brief increase triggered by CPI data release showing lower than expected inflation rates, the bearish trend has persisted. One crypto analyst, Luca VIP, predicts that the decline is not over yet and expects the
Recent data has revealed a significant shift in the relationship between Bitcoin and US stocks. The flagship cryptocurrency has completely detached from the Nasdaq 100 and S&P 500, with a correlation of -0.78 and -0.83, respectively. This strong negative correlation indicates that Bitcoin and these assets are now moving in opposite directions. The decline in
Opeyemi is not just a casual observer of the cryptocurrency world; he is deeply passionate about all things related to digital assets. Despite not originally choosing the industry, he has become fully immersed in it over the past two years. This passion is evident in the unique and insightful pieces he creates, unraveling the complexities
As Bitcoin recently dipped below $60,000, crypto expert Michael van de Poppe has pointed out a crucial indicator that suggests a bounce may be on the horizon. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, signaling a potential relief bounce from the current price level. According to his
The recent events in the crypto market have left investors and traders reeling from the impact of a widespread crash that has seen Bitcoin and altcoins plunge. The Bitcoin price, in particular, has been on a downward spiral, falling from support after support, causing chaos for tens of thousands of traders. The repercussions of this
Bitcoin, the leading cryptocurrency, has been experiencing a bearish trend lately, influenced by negative market factors. Despite this, large investors are not shying away from accumulating more Bitcoin during this time. Recent data from Santiment, an on-chain data tracking platform, has shown that investors holding over $600,000 worth of Bitcoin have been steadily increasing their
The crypto analyst Quinten François has recently provided a bold prediction for the future trajectory of Bitcoin. He suggested that Bitcoin could potentially rise to as high as $4.5 million, citing the significance of Bitcoin’s fourth halving as a key factor in this projection. According to Quinten, Bitcoin is currently at the bottom of a
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the connections between historical economic cycles and today’s financial landscape. He highlights the significance of understanding economic patterns from the 1930s to the 1970s in predicting the potential resurgence of the Bitcoin and crypto bull run. Hayes categorizes
In the volatile world of cryptocurrency trading, predictions often vary widely, leaving investors unsure of which direction to follow. The recent analysis of Bitcoin’s price by crypto analyst Alan Santana has painted a starkly bearish picture, forecasting a potential crash in the near future. Santana believes that Bitcoin has not yet bottomed out, pointing to
