Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic
Bitcoin is showing resilience above the $105,000 mark, holding firm despite ongoing volatility and economic uncertainty. While bulls struggle to break above the all-time high at $112,000, the market remains in a high-stakes consolidation phase. Macroeconomic conditions remain unstable, with weak global growth forecasts and elevated inflation pushing investors into risk-off assets. Still, Bitcoin appears…
Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again
Bitcoin returned to its familiar price range over the week after a dip last weekend brought its price to just under $99,000. This was followed by a bounce to the $106,000 price level, which has given bulls a reason to remain hopeful. However, on-chain data shows some deeper cracks are forming beneath the surface. The…
Analyst Spots Bitcoin Time Bomb Hidden In Bullish Weekly Chart
In a post on 27 June, crypto-market chartist Dr Cat (@DoctorCatX) warned that Bitcoin’s ostensibly bullish weekly structure may be concealing a latent “time bomb” that could detonate if bulls fail to force a decisive breakout over the next three to four weeks. The technician’s diagnosis hinges on a classic Ichimoku paradox: an expanding bullish…
Extended Wave 5 Scenario Puts Bitcoin Price Above $300,000 With Step-Like Structure In Place
The Bitcoin price could be entering the final and most explosive phase of its current market cycle, as an analyst maps out the cryptocurrency’s next movements onto a parabolic step-like structure. Reinforcing this bullish outlook is the Elliott Wave 5 count, which points to an epic price rally that could propel Bitcoin above $300,000, eclipsing…
Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?
Bitcoin price started a fresh increase above the $106,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a fresh increase above the $106,500 zone. The price is trading above $106,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line…
Global M2 Can’t Predict Bitcoin Price, Says Quant Analyst
Sina—co-founder of the hedge fund 21st Capital—publicly dismantled a popular Bitcoin price model promoted by Real Vision CEO Raoul Pal, calling it a textbook case of data illiteracy and overfitting. The model in question draws a close correlation between Bitcoin and Global M2—a measure of global money supply—by shifting M2 data forward by a set…
Bitcoin To Surge To $130,000 Next? What The Wave Count Says
After a week of volatile price action, Bitcoin has once again returned to familiar territory around the $106,000 price level. However, on-chain data shows that investors are still cautious, with the crypto Fear & Greed Index now in the neutral zone. On the other hand, technical analysis of Bitcoin’s price action on the 4-hour candlestick…
Bitcoin Price Back In The Green — Momentum Builds for More Gains
Bitcoin price started a fresh increase above the $105,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a fresh increase above the $105,500 zone. The price is trading above $105,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
CME Gap At $92,000: Is A 12% Retrace Inevitable For Bitcoin?
The Bitcoin market has been marked by notable volatility recently, with prices fluctuating significantly, dropping close to the $98,400 level before rebounding above $105,000 on Monday. Potential 12% Retrace To $92,000 Technical analyst Doctor Profit recently shared key notes on the social media platform X (formerly Twitter), indicating that a substantial Chicago Mercantile Exchange (CME)…
Bitcoin Price Pushes Up — ATH in Sight if Bulls Maintain Pressure
Bitcoin price started a fresh increase above the $103,250 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance. Bitcoin started a fresh increase above the $105,000 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…