Market analysts have recently observed a notable pattern in Bitcoin price chart, potentially signaling a shift in the market trend. Jake Wujastyk, a prominent market analyst, has particularly pointed out the emergence of an inverse head and shoulders pattern on Bitcoin’s daily candle chart. This pattern, coupled with Bitcoin’s closing …

In their latest annual research report titled ‘Big Ideas 2024,’ ARK Invest, a renowned investment management firm, has put forth a compelling case for including Bitcoin in institutional portfolios. Drawing upon an extensive analysis of the crypto’s performance, the report recommends a significant allocation of “19.4%” to Bitcoin. This figure …

According to data shared by renowned crypto analyst Ali, Bitcoin has recently witnessed a significant development in its investment dynamics, marking a notable shift in the crypto market. In a post on X published earlier today, Ali disclosed that Bitcoin is experiencing a substantial accumulation streak, which has not been …

Renowned billionaire investor Tim Draper has again captured the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast 2018, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains steadfast in his belief in Bitcoin’s potential. Bitcoin To Hit $250,000 By 2025 In a …

Despite the recent market conditions that saw Bitcoin’s value dip below the critical $39,000 mark, large-scale BTC holders, often called ‘whales,’ have demonstrated their confidence in the flagship crypto. Crypto analyst Ali has shed light on this development via a post on X, indicating that these major investors have capitalized …

A notable perspective recently came from the Glassnode co-founders Jan Happel and Yann Allemann, Negentropic on X, who recently shared insights into Bitcoin price dynamics. Notably, the analysts highlighted liquidity as a crucial factor for Bitcoin’s price trajectory. Bitcoin Market On The Brink Of Spike In Volatility Negentropic revealed that …

Bitcoin advocate and CEO of Jan3, Samson Mow, has pinpointed a range of macroeconomic indicators that could signal an impending rally for Bitcoin. Mow focuses on exchange-traded inflows (ETF), Bitcoin’s Hashrate, and whale activity on prominent exchanges like Bitfinex. The Jan3 CEO also mentioned the 200-week moving average (WMA) in …

The crypto market, particularly Bitcoin, has recently experienced significant outflows. According to a recent report from CoinShares, digital asset investment products worldwide saw net outflows of $500 million last week. These outflows predominantly stemmed from Grayscale’s converted spot Bitcoin exchange-traded fund (GBTC), though its impact seems to be diminishing with …

Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown …

As the Bitcoin halving event, scheduled to occur later this year by April, approaches, financial firm Cantor Fitzgerald has recently released a report indicating that post-halving, the profitability of major publicly traded BTC miners could be severely impacted. Eleven out of thirteen of these miners, including notable names such as …

Peter Schiff, a well-known critic of Bitcoin, recently engaged in a thought-provoking discussion about Bitcoin’s value relative to gold. Despite his longstanding skepticism, Schiff has presented a scenario where Bitcoin could reach roughly $10 million by 2031. However, the Bitcoin critic responded that this could happen under particular economic conditions. …

Michael van de Poppe, a prominent crypto analyst, recently outlined three key factors that could herald a bullish phase for Ethereum, the second-largest crypto by market capitalization. One crucial factor he identifies is Bitcoin’s current behavior. The analyst pointed out that as the market leader, Bitcoin’s recent signs of bottoming …