Analyst Says This Bitcoin Price Rally Has A ‘Different Ring To It’, Places Next Target At $109,000
A new Bitcoin price target has been set at $109,000, with an analyst predicting that the pioneer cryptocurrency could surge to this projected level before the end of the year. This bullish forecast comes as Bitcoin experiences new momentum that has pushed its price well above $67,000. New Bitcoin Target Set At $109,000 A Bitcoin…
Bitcoin Coinbase Premium Is Negative Despite $68,000 Rally: What It Means
Data shows the Bitcoin Coinbase Premium Index has remained negative during the rally to $68,000. Here’s what this could mean for the asset. Bitcoin Coinbase Premium Index Is Currently Showing Red Values As explained by an analyst in a CryptoQuant Quicktake Coinbase Premium Index” is an indicator that measures the difference between the Bitcoin prices…
Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?
As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle…
Analyst Forecasts Bitcoin Could Surge 250%, Yet Warns Of Potential Drop To $10,000
As the week progressed, the Bitcoin (BTC) price steadily climbed toward its all-time high of $73,700 in March of this year. This upward momentum is in line with the predictions of various market experts, expecting significant gains for the leading cryptocurrency by the end of the year. One such expert, crypto analyst Gert van Lagen,…
Bitcoin Sees Massive Surge In Active Addresses: Here’s What It Signals For Price
Bitcoin has been experiencing a notable increase in network activity, as indicated by a surge in active addresses. Data shows that the cryptocurrency has seen a resurgence in user engagement following a sluggish performance during July and August since the start of September. With this uptick in activity, it is worth assessing Bitcoin to see what…
Bitcoin Extreme Greed Is Nearly Here: Will This Lead To A Top?
Data shows the Bitcoin market sentiment has nearly turned to extreme greed as the cryptocurrency’s price has rallied to the $68,000 mark. Bitcoin Fear & Greed Index Is Currently Inside The Greed Region The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among traders in…
Bitcoin Price To $130,000 By January, Here’s The Roadmap
According to a technical analysis from analyst Xanrox, the Bitcoin price is on the road to reaching the $130,000 mark in the next few months. Notably, this bullish price target might go unnoticed as one of many positive predictions that have surrounded the Bitcoin price in recent times. However, Xanrox’s prediction is intriguing as it…
Crypto Analyst Says Bitcoin Price Can Port To $86,600 If It Breaks This Level
Crypto analyst Ali Martinez has revealed how the Bitcoin price can rise to as high as $86,600, which would mark a new all-time high (ATH) for the flagship crypto. This comes amid BTC’s impressive price rebound, which has brought renewed optimism that the next leg of the bull run is almost here. Bitcoin Price Could…
How The Israel-Iran War Could Shake Crypto Prices, Explains Arthur Hayes
Arthur Hayes, the co-founder and former CEO of BitMEX, published an essay titled “Persistent Weak Layer” on October 16, where he examines the potential impact of escalating tensions between Israel and Iran on the crypto markets. Drawing an analogy from avalanche science, Hayes explores how the geopolitical situation in the Middle East could act as…
Bitcoin Analyst Reveals Best On-Chain Metric For ‘Day-To-Day Trading’
An analyst has explained how this Bitcoin on-chain indicator has been one of the best in terms of short-term trading during the past month. Bitcoin Short-Term Holder Realized Price Has Proven To Be Reliable Recently In a new post on X, CryptoQuant Community Manager Maartunn has discussed about an indicator that’s suited for doing day-to-day…