Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement
Bitcoin (BTC) is now 195 days into its latest market fatigue and repeated new lows, the analyst insists that the cycle isn’t over yet. Bitcoin Cycle Sees Only 36 Days Of Real Gains The current Bitcoin market cycle is being closely examined, as a new analysis by expert analyst Crypto Con upward momentum. The analyst’s…
Bitwise Just Sounded The Alarm—Bitcoin Could Explode Soon
The latest Crypto Market Compass from Bitwise Europe lands like a klaxon: every major gauge of risk appetite, liquidity and macro momentum is swinging in Bitcoin’s favor, and the firm argues the move could “provide a significant tailwind” for the benchmark asset. The study notes that Bitcoin already rebounded from $101,000 to about $108,000 in…
Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs
A seasoned crypto analyst has warned that the recent Bitcoin (BTC) price action may be setting the stage for major liquidity traps, echoing patterns seen in past cycles. As the leading cryptocurrency aims for new all-time highs, the pundit suggests that market makers could be deliberately engineering conditions for bear traps before triggering a powerful…
Bitcoin July Preview: History Says Don’t Trust The Quiet
Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical spotlight on Bitcoin’s habit of dozing through June before rewarding – and sometimes punishing – traders in the following quarter. “BTC June has historically been a pretty slow month,” he wrote, noting that the just-ended period was no exception, with spot prices meandering in a…
Bitcoin Price Surges Above $108,000: Analyst Predicts Potential Breakout To $150,000
The Bitcoin price has recently climbed back above the $108,000 mark, yet it struggles to surpass its current record of $111,800, creating a sense of uncertainty in the market. This persistent inability to break through has characterized the cryptocurrency’s performance in recent weeks, leaving analysts to speculate on its next moves. Analyst Predicts Major Upswing …
Bitcoin Gets The Greenlight To Be Counted As Assets For Mortgage Applications, But What About XRP?
A major breakthrough has just arrived for Bitcoin and the crypto industry from one of the most influential financial regulatory bodies in the United States. The Federal Housing Finance Agency (FHFA), which oversees the country’s largest mortgage liquidity providers, has issued a directive that could change how digital assets are viewed. Under this directive, mortgage…
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…
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…