The recent drop in Bitcoin price by more than -22% since March has caught the attention of Jacob Canfield, a trading mentor at Trading Mastery. Canfield’s analysis focuses on historical patterns observed in Bitcoin’s pricing trends, suggesting a potential further decline in the Bitcoin price. According to Canfield, Bitcoin has a tendency to retest yearly
Bitcoin
Renowned trader Peter Brandt recently raised concerns about Bitcoin potentially dropping to as low as $44,000. He based this prediction on a technical indicator signaling a bearish outlook for the leading cryptocurrency. Brandt suggested that if Bitcoin has completed a double top, it could experience a significant reversal to the downside. Despite Brandt’s warning, analyst
As the beginning of July proves to be bearish for the Bitcoin and crypto market, investors are eagerly anticipating the release of the CPI data on July 11. Recent events, such as the delayed debut of Spot Ethereum ETFs and reports of governments selling BTC, have cast a shadow over the market. However, there is
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
