Cryptocurrency analysis company Santiment observed that whale activity increased in two altcoins after the big rise. Continue Reading: After Bitcoin Climbs Above $70,000, Santiment Reports Increased Whale Activity in Two Altcoins
The 4-hour chart revealed strong resistance at $69k-$69.5k, but short liquidations could fuel a surge past this tricky resistance zone.
Crypto analyst TechDev has provided insights into the Bitcoin (BTC) future trajectory. The analyst hinted that the flagship crypto was currently mirroring its price action in 2017 and could soon make a parabolic rise like it did back then. History Could Repeat Itself TechDev shared a chart on his X (formerly Twitter) platform with the caption, “The more things change, the more they stay the same.” The chart showed that Bitcoin’s current price action was mirroring that of the 2017 bull run when it recorded a price gain of 1,200% on its way to a previous high of $20,000. Related Reading: This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Here’s Why Interestingly, just like in 2017, when Bitcoin’s price bottomed following the Bitfinex crash, the crypto token also looked to have bottomed in this market cycle when FTX, another crypto exchange, collapsed. Back then, Bitcoin consolidated for some time before enjoying a parabolic rally, which made it reach $20,000 in 2018. As TechDev suggested, history could repeat itself with Bitcoin consolidating ahead of a move that could send it to as high as $100,000. From the chart the crypto analyst shared, one could see that Bitcoin has consolidated longer in this market cycle than it did in 2017. However, crypto analyst Rekt Capital hinted that this longer period of consolidation was necessary. He mentioned that Bitcoin was accelerating by almost 200 days in this market cycle and added that consolidating for longer will help it resynchronize with previous bull cycles. This strategic consolidation is a reassuring sign of Bitcoin’s stability and potential for growth. Meanwhile, in a recent X post, he revealed that Bitcoin was already attempting to perform the “post Bull Flag breakout retest,” which could secure a trend continuation to the upside. In a subsequent X post, Rekt Capital shared a chart showing that a breakout from the $66,000 range could kickstart the continuation of Bitcoin’s bull run, which could well send its price above $100,000. “Optimal Targets” For Bitcoin In This Market Cycle Crypto analyst Mikybull Crypto mentioned in an X post that the optimal targets for Bitcoin in this bull run should be between $138,000 and $150,000. Interestingly, he made this statement while revealing that the crypto’s current price action is mirroring that of 2017. The crypto analyst’s prediction suggests that Bitcoin enjoying a 1,200% price gain (like in 2017) is unlikely. Related Reading: Cardano Whales Return To The Table, Increase Massive Holdings By 10% However, it is worth noting that other crypto analysts like PlanB have offered more bullish predictions for Bitcoin, which indicates that the flagship crypto could still see a 10x increase from its current price level. Specifically, PlanB predicted that Bitcoin could rise to as high as $1 million in 2025, which would be the market top for the crypto token. At the time of writing, Bitcoin is trading at around $67,000, down in the last 24 hours, according to data from CoinMarketCap. Featured image created using Dall.E, chart from Tradingview.com
Bitcoin is trying to surpass the $67,000 resistance level. New address creation on the Bitcoin network has significantly declined. Continue Reading: Bitcoin Faces Resistance at $67,000 Level
Bitcoin price surged past $70,000 due to Bloomberg analysts' statements. ETH price rose to $3,467, showing the market's unpredictability. Continue Reading: Bloomberg Analysts Drive Bitcoin Price Surge
Bitcoin surpasses $70,000, reaching its highest level since April, driven by renewed market momentum and investor interest. The post Bitcoin punches above $70K, on brink of second breakout in months appeared first on Crypto Briefing .
Crypto startup funding rose to $2.4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from the previous quarter, even as global venture capital
Bitcoin (BTC) surged to $70,000 on Monday, marking its first rise to this level in over a month. At the time of writing, Bitcoin’s price has increased 5.8% in the last 24 hours and more than 10% in the last…
Bitcoin (BTC) surged to $70,000 on Monday, marking its first rise to this level in over a month. At the time of writing, Bitcoin’s price has increased 5.8% in the last 24 hours and more than 10% in the last…
The successful implementation of BTCPay Server at the Bitcoin Asia conference demonstrated that bitcoin can easily be used for payments.