The recent turmoil in the cryptocurrency market has prompted a significant shift in investor behavior towards Bitcoin. Traditionally viewed as the safest asset in the digital currency ecosystem, Bitcoin’s dominance has soared to a nine-week high of 57%. This surge in dominance comes at a time when the market is facing chaos, with altcoins bearing
Bitcoin
Growing up in Edo State, Nigeria, I was surrounded by a supportive and loving family. My parents and siblings played a significant role in shaping my values and beliefs. They were not just family to me, they were my idols and mentors, guiding me through life’s ups and downs. Their unwavering support and encouragement have
The recent data from CoinShares reveals a significant change in investor sentiment towards crypto funds, with outflows totaling $600 million following five weeks of consecutive inflows. This sudden shift in trend has sparked discussions within the crypto community about the possible reasons behind this exodus of funds from the market. The outflows were primarily concentrated
As the winds of change blow through the Bitcoin market, a noticeable shift in investor behavior has emerged. The recent report by Bitfinex Alpha highlights this transformation, revealing a contrasting dynamic between short-term traders and long-term hodlers. The rise of spot Bitcoin ETFs has paved the way for a new breed of investors seeking quick
In a recent analysis, prominent crypto analyst Dave the Wave provided a bullish narrative for Bitcoin, despite the recent setback in the flagship crypto’s price. He suggested that Bitcoin could potentially rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. Dave the Wave also highlighted an ascending diagonal line, which
The recent price consolidation of Bitcoin post-halving has sparked various predictions from major crypto analysts. One such analyst, CrediBULL Crypto, has forecasted a significant rise for the flagship cryptocurrency. In a social media post, he confidently stated that Bitcoin would surge to $100,000 in the near future. This optimistic outlook comes after a period of
Christian’s career as a journalist has taken him on a journey through various facets of the industry. From working at newspapers in Canada and South Korea to settling down at a local news giant in the Philippines, he has honed his craft and become a total news junkie. However, it was his discovery of the
Crypto analyst Tara has recently pointed out a bullish pattern on the Bitcoin chart, suggesting that the flagship cryptocurrency could be on the verge of a major price surge. She predicted that Bitcoin could reach $75,800, marking a new all-time high for the digital asset. Tara’s analysis indicated that Bitcoin has completed a full ABCDE
The price of Bitcoin seems to have settled back into a choppy market condition, dimming any hopes of a quick breakout to new highs. Despite this setback, there is still a glimmer of hope that the current bull cycle is not yet over, even though Bitcoin is taking its time to regain its upward momentum.
Bitcoin has been facing challenges in breaking above the $72,983 resistance level, resulting in a continuous drop in its price. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has caused the cryptocurrency to fall from $71,942 to $66,785, moving below the SMA in both the 1-hour and the 4-hour chart. This