Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level
Bitcoin is at a crossroads again. Prices have been bouncing between $61,000 and $104,000 for about seven months. That range looks a lot like the $31,000–$64,000 sideways move before the sharp drop in early 2022. Traders and analysts are split over whether history is about to repeat itself or if fresh demand will keep Bitcoin…
Why Bitcoin Price Continues To Rise Despite Soaring Treasury Yields — Analyst
Over the past few weeks, the Bitcoin price has maintained a somewhat healthy momentum, forging minor swing highs and lows in its bull run revival. Interestingly, this early-week upward movement has been corrected following the escalating conflict between Israel and Iran. All in all, the overall positive outlook for the premier cryptocurrency has remained, even…
Bitcoin May Hit $78,500 If This Critical Support Fails – Details
Bitcoin (BTC) prices crashed by almost 5% in the past 48 hours, with growing global tensions following an Israeli airstrike on Iran on June 12. As financial markets reacted to this news, Bitcoin prices dipped to below $103,000 before experiencing a modest rebound to climb into the $105,000 price band. Notably, top market analyst Ali…
Bitcoin Price Forms Descending Triangle Pattern Amid Israel-Iran Tensions
The recent escalation in tensions between Israel and Iran has added a new wave of anxiety in the global markets, causing investors to adopt a more cautious stance towards investing. At the same time, Bitcoin’s technical chart is sending mixed signals that could lead to a breakout in either direction. After a failed attempt to…
Bitcoin Price Crash To $94,000 Imminent As Fibonacci Resistance Is At Stake
Bitcoin’s recent price action has shown signs of fading momentum three weeks after reaching a new all-time high of $111,814. The leading cryptocurrency climbed back above $110,000 on Monday off the back of cooling U.S. inflation data and a temporarily weaker dollar. However, the rally was short-lived. Profit-taking, compounded by geopolitical tensions between Israel and…
Is Bitcoin Headed For A Meltdown? Veteran Trader Sees 75% Crash Ahead
Bitcoin’s recent price surge hasn’t stopped warnings of a steep drop. After rising 1.87% in 24 hours and 3.61% over the past week, Bitcoin trades near $109,192. According to Peter Brandt, a veteran trader, these gains could be setting up the biggest crash in years. Crash Scenario Outlined According to Brandt’s analysis, Bitcoin could plunge…
Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC
According to recent filings, MicroStrategy (rebranded to Strategy) added 1,045 Bitcoin to its holdings this week. The move pushed the firm’s average purchase price to $70,086, after buying at levels above $100,000 in recent weeks. So far, the Michael Saylor-led company has spent more than $40 billion on Bitcoin and is lining up more financing…
Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout
Bitcoin prices have returned above $105,000 in the past 24 hours following a sharp price decline on Thursday triggered by macroeconomic pressures. Notably, US President Donald Trump and former political ally Elon Musk had engaged in a public spat which spiked the volatility in a crypto market already undergoing a corrective phase. Amidst some level of…
Bitcoin Whale Breaks Silence With $26 Million Transfer — What’s Going On?
Based on reports, a long-dormant Bitcoin whale made a surprise move this week, snapping up 250 BTC for about $26.37 million. It’s the first time this wallet has shown activity in two years. The purchase has stirred talk among traders and on-chain analysts alike. Some see it as a sign that big players are getting…
Bitcoin Leveraged Traders Are Back Betting On A Price Decline — What This Means
The price of Bitcoin has been in a good recovery form since succumbing to the bearish pressure from the ongoing feud between United States President Donald Trump and Elon Musk. The premier cryptocurrency climbed above the $105,000 mark in the early hours of Saturday, June 7. According to the latest on-chain data, the Bitcoin price…