Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! A prominent cryptocurrency analyst, known as Rekt Capital, suggests that Bitcoin (BTC) may have reached its market bottom after a significant correction. According to the analyst, this correction is... Read the full article for FREE at COINOTAG!
In the last week, Bitcoin has shown much resilience bouncing back above the $60,000 zone after a significant decline to below the $57,000 price zone. As Bitcoin bulls gather momentum to possibly initiate the crypto bull run, top analyst and market expert Peter Brandt has backed BTC to attain a particular six-figure digit value by 2025. Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here No Other Market Like Bitcoin, Brandt Says In a blog post on May 3, Peter Brandt shared some insights on Bitcoin in celebration of his 50th anniversary in future markets trading. The veteran analyst described his experience with the maiden cryptocurrency as a “once-in-a-lifetime trade, never to be equaled”. Bitcoin — the trade of a lifetime There has never been and never again will be another asset like Bitcoin $BTC Here is the perspective from my 50-year career as a professional traderhttps://t.co/fyHrGRRHLo pic.twitter.com/dwrBwtknqP — Peter Brandt (@PeterLBrandt) May 3, 2024 Brandt states that Bitcoin is a unique asset in comparison to commodities such as gold, cattle, iron ore, copper, and even other cryptocurrencies such as altcoins and meme coins. He claims that BTC owes this uniqueness to its operational nature as well as its price behavior. Analyzing BTC price history, Brandt notes that the coin has repeatedly produced exponential gains in the past not seen with any other trading asset. And while these gains are followed by significant corrections, the overall price performance sets BTC apart from other assets. Another aspect of Bitcoin’s uniqueness as highlighted by Brandt is that the asset’s volatility is also evident in its downturns resulting in a decline of more than 50% and even 75%. Therefore, Bitcoin exerts a special ability to generate substantial profits while also causing significant losses. Now, following BTC’s parabolic price nature, Brandt predicts the asset is on course to reach $150,000 by 2025. Interestingly, if the bulls maintain market control, the analyst believes Bitcoin could rise as high as $300,000 beyond 2026. Related Reading: Analyst Says Bitcoin Price Is Headed To $90,000, Here’s Why BTC Price Overview At the time of writing, Bitcoin trades at $63,303 having encountered serious resistance in the $64,000 price zone. The maiden cryptocurrency currently looks to be in consolidation and could be preparing for another possible breakout. If Bitcoin embarks on a bull run, investors would be hoping for a return to its all-time high value of $73,750. However, in the advent of more selling pressure in the future, BTC could drop below $60,000 again. Nevertheless, Bitcoin remains the diamond of the crypto bull season with several analysts hyping the digital asset to trade above $100,000 within the next 12 to 15 months. BTC trading at $63,405 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from iStockphotos, chart from Tradingview
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Bitcoin, the world’s largest cryptocurrency, has recently seen a significant surge in value. This surge has been driven by a variety of factors, including increased institutional interest and the ad... Read the full article for FREE at COINOTAG!
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Google’s charitable arm, Google.org, is backing a new multi-million dollar guaranteed income project aimed at helping struggling families in San Francisco. The pilot program, named “It Al... Read the full article for FREE at COINOTAG!
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! The cryptocurrency market has been witnessing a significant surge, with Bitcoin leading the charge. Ethereum, the second largest cryptocurrency, has also seen substantial growth. “The crypto market is... Read the full article for FREE at COINOTAG!
In a live debate on YouTube sponsored by ZeroHedge, high-ranking figures squared off regarding the role of Bitcoin (BTC) and gold as inflation hedges. Anthony Scaramucci from SkyBridge Capital, together with Peter Schiff, a recognized Bitcoin skeptic, headed the conversation. Erik Voorhees, CEO of ShapeShift, and Nouriel Roubini, an economics professor at NYU joined them. The argument The post Anthony Scaramucci and Peter Schiff Spar Over Bitcoin as Inflation Hedge appeared first on CoinGape .
Crypto assets have gained momentum as bulls look to strengthen their position on top assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The wider cryptocurrency market cap climbed to $2.25 trillion, a 2.43% increase in the last 24 hours. Although market cap soared, average daily trading volumes have plummeted 16% to $60.89 billion. Solana The post Why Solana (SOL) Weekly Gain Might Sustain Despite Pressure appeared first on CoinGape .
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! The traditional finance world is witnessing a significant shift in its approach to cryptocurrency, especially Bitcoin. Recent filings to the Securities and Exchange Commission (SEC) reveal an increase in institutional investm... Read the full article for FREE at COINOTAG!
BTC-e founder Alexander Vinnik appears in court, facing charges for his involvement in a major Bitcoin laundering scheme, linked to billions in transactions.
Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Bitcoin rebounds to $59,300 as outflows from spot bitcoin exchange-traded funds (ETFs) in the US slow down. Spot bitcoin ETFs saw a net outflow of $34.4 million on May 2nd, a significant de... Read the full article for FREE at COINOTAG!