VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031, Research Head Says
Bitcoin is trading just above the $81,000 level as the market waits to see whether the next move will push higher or pull back. Against that backdrop, Matthew Siegel, head of digital asset research at VanEck, reiterated his bullish view on the leading cryptocurrency. In a Wednesday interview with CNBC, Siegel again pointed to a…
Bitcoin Jumps Above $82,000 As US-Iran Deal Hopes Lift Markets
Bitcoin pushed above $82,000 on Wednesday as markets rallied around fresh hopes that the US and Iran are moving closer to a framework agreement that could cool the conflict and ease pressure on global energy markets. The move extended Bitcoin’s recovery from its early-February low near $60,000, putting the asset up more than 36% from…
Bitcoin Reclaims $80K, And $93K Comes Into Focus — Discover The CME Gap Setup
Bitcoin is pushing toward $82,000 as the market tests a resistance level that has capped every recent attempt at higher prices. The recovery from the March lows has been constructive, but the next meaningful move requires breaking through overhead that has so far absorbed every bullish effort. An XWIN Research Japan analysis has identified a…
Bitcoin Price Gains Fade After Strong Rally Push Sparks Profit-Taking
Bitcoin price started a fresh increase and cleared the $81,200 zone. BTC is consolidating and might aim for more gains above the $82,500 level. Bitcoin managed to stay above $80,200 and started a fresh increase. The price is trading above $80,800 and the 100 hourly simple moving average. There is a bullish trend line forming…
Institutions Are Buying 6x Bitcoin’s Daily Supply: Is $96,000 Next?
Bitcoin’s latest rally is being driven by a sharp acceleration in institutional demand, according to Capriole Investments founder Charles Edwards, who says large buyers are now absorbing roughly six times the amount of BTC mined each day. The setup has pushed several of Capriole’s long-running Bitcoin models back into bullish territory, with Edwards arguing that…
Bitcoin Price Keeps $80K Support, Can Bulls Extend Rally Soon?
Bitcoin price started a fresh increase and cleared the $80,800 zone. BTC is consolidating and might aim for more gains above the $81,500 level. Bitcoin managed to stay above $80,000 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bullish trend line forming…
Bitcoin Watch: A Daily Close Above This Key Level Could Push BTC Toward $94,000
Bitcoin (BTC) has staged a notable 21% recovery over the thirty-day timeframe, pushing the largest cryptocurrency in the market above the $81,000 level for the first time since January. Now, BTC is approaching one key resistance, which—if surpassed with a daily close—could open the door to another leg higher. Bitcoin Targets $89,000 And $94,000 Technical…
Bitcoin Price Holds Firm Near Highs, More Gains Could Follow
Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is consolidating and might aim for more gains above the $81,200 level. Bitcoin managed to stay above $78,500 and started a fresh increase. The price is trading above $78,800 and the 100 hourly simple moving average. There is a bullish trend line forming…
Bitcoin Bottom Zone Now Lies Around $59,000 Based On This On-Chain Metric
After weeks of renewed optimism, many in the Bitcoin market now believe the tide could finally be turning. While the premier cryptocurrency’s price action has been steadily turning around since the start of April, the current on-chain structure suggests expectations might be overestimated. According to an on-chain analyst, BTC’s recovery process is unlikely to occur…
Bitcoin Bulls Show Signs Of Exhaustion Around $78,000 — What’s Next?
Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s…