In Brief Plan B predicts cites historical trends where Bitcoin priceincreased fourfold after crossing the 200-week Moving Average. Another analyst supports a future price increase, suggesting that Bitcoin is nowhere near the coming of a bear market. Despite recent price consolidation, the decreasing Sell-Side Risk Ratio suggest the bull market may still be in its…
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In Brief Bitcoin saw a sharp drop, hitting below $60,000, following the US July CPI data release on Wednesday. A recent report by Token Terminal analyzed the possibility of BlackRock launching its own blockchain. This week, Binance announced the delisting of six altcoins, causing significant dips in affected tokens. This week, Bitcoin and…
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In Brief Although Bitcoin has shed some losses, distribution from holders signals that the coin’s troubles are far from over. Spot Bitcoin ETFs recorded persistent outflows last Friday, giving further credence to the sentiment. BTC price is closing in on the supply zone around $62,477, suggesting that it may retrace to $60,499. Bitcoin (BTC) holders…
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In Brief Internet Computer has been moving in a similar direction to Bitcoin as indicated by a 90-day correlation. This correlation has contributed to ICP’s recent price gains and a key integration could strengthen it. ICP’s price trades above the 20 EMA with the Supertrend supporting a bullish outlook for the token. Not all cryptocurrencies…
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In Brief A key metric, which has historically been pivotal to Bitcoin’s price, suggests that sellers exhaustion has set in. Positive signs emerge with higher bid than ask on-chain, and a high concentration of liquidity at $58,037. BTC looks set to retest $58,251 but trading below the 20-day EMA indicates weakness. Over the weekend, Bitcoin…
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In Brief Donald Trump is confirmed to speak at Bitcoin 2024 in Nashville, sparking crypto market excitement. TrumpCoin (DJT), a newly minted Trump-themed meme coin, surged by 500,000x following the news. The former president’s crypto stance generates both enthusisasm and debate within the community. The organizer of The Bitcoin Conference just announced that former…
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Crypto community left disappointed as candidates sidestep Bitcoin and digital assets in key debate. President Joe Biden and former President Donald Trump faced off in their first debate of the 2024 election season on Thursday, June 27, in a high-stakes encounter that highlighted stark contrasts between the two candidates. The 90-minute discussion, hosted by CNN in…
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Quick Take As of June 28, the final trading day of the quarter, Bitcoin (BTC) has experienced a challenging period, with its value dropping approximately 9% in June. A substantial $6.6 billion worth of options for BTC are set to expire on June 28. Despite hitting its all-time high in March, BTC has struggled over the past…
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In Brief Bitcoin could reach $100,000 as market dynamics and economic indicators align. Investor optimism grows with potential Fed rate cuts influencing Bitcoin’s demand. Institutional interest and ETF approvals bolster the Bitcoin price’s upward trajectory. Bitcoin’s potential to hit $100,000 remains a topic of keen interest among investors. Various market dynamics and economic indicators suggest…
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In Brief Bitcoin’s future hinges on macroeconomic factors, with scenarios ranging from $30,000 to $60,000. Analysts predict either significant corrections or consolidation phases for Bitcoin and altcoins. Sentiment and key price levels play a crucial role in market direction, say industry experts. The cryptocurrency market has experienced significant turbulence recently, raising questions about the longevity…
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