Bitcoin

The post How Bitcoin Price Could Benefit from the U.S. Government’s $35 Trillion Debt and Reach New Highs of $100K appeared first on Coinpedia Fintech News Bitcoin’s long-term trajectory remains bullish, especially in light of the increasing U.S. government debt and resulting inflationary pressures. However, analyst Josh of Crypto brought to attention a new warning signal on the Bitcoin chart. Bitcoin just confirmed a bearish signal, while Ethereum is facing rejection from a crucial resistance level.  The US government debt…

The post Bitcoin Spot ETFs See Mixed Inflows: Grayscale Outflows Amidst Market Fluctuations appeared first on Coinpedia Fintech News The Bitcoin market continues to see dynamic movements, particularly in Bitcoin spot ETFs. On July 29, there was a notable net inflow of $124 million into Bitcoin spot ETFs, marking the fourth consecutive day of inflows. Grayscale’s ETF, GBTC, experienced a significant single-day outflow of $54.2931 million, while BlackRock’s ETF, IBIT, recorded a substantial inflow of $206 million. Bitcoin spot ETFs’…

The post Bitcoin At Crossroads As Smaller Miners Sell, Large Players Accumulate appeared first on Coinpedia Fintech News Recent data highlights a significant trend in Bitcoin miner behavior post-halving. While smaller miners (holding 0.1-1 BTC) have been offloading their holdings, larger miners (holding 100-1k BTC) have steadily accumulated, with the Bitcoin Accumulation Score reaching 1. This shift aligns with reports from major publicly traded mining companies, which have increased their reserves and even made new purchases. Bitcoin currently trades at…

The post Is Another Bitcoin Crash on Cards ? Will The U.S Government Sell All Bitcoins like Germany? appeared first on Coinpedia Fintech News In a recent development, Peter Schiff, a Gold bug and a staunch Bitcoin critic, has taken to X to share his views on a statement made by the pro-crypto Donald Trump in his recent speech at the Bitcoin conference.  Trump To Keep 100% Of The BTC Held If Elected Trump had said, “If I am elected,…

On-chain data suggests minimal resistance for Bitcoin, which could facilitate a rally toward a new all-time high (ATH). Almost All Bitcoin Investors Are Back In The Green With Latest Recovery According to data from the market intelligence platform IntoTheBlock, resistance looks light in the price ranges ahead. In on-chain analysis, the strength of support and resistance levels is based on the number of investors who last bought their coins at them. The chart below shows what the cost basis distribution…

Bitcoin price started a downside correction from the $70,000 resistance. BTC is now correcting gains and might extend losses if it trades below $66,000. Bitcoin struggled near $70,000 and started a downside correction. The price is trading below $68,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $68,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails…

Following the highly anticipated 2024 Bitcoin Conference in Nashville, Tennessee, over the weekend, a notable spike in positive market sentiment drove the Bitcoin price to a one-month high of $70,000 on Monday.  Analysts are now eyeing the potential for an extended super-cycle, with market expert Doctor Profit suggesting that the recent rally could begin a significant uptrend with plenty of room to run. Bitcoin Price Projections According to a recent report by Doctor Profit, the current price action is the…

The post Bitcoin Crashes After U.S. Government Moves $2 Billion in BTC: What’s Next? appeared first on Coinpedia Fintech News Bitcoin has been trying to regain its position at the $70,000 zone since the market rejected it over a month ago. For the last many days it has  struggled with multiple resistances at various levels. On 29th July, it could finally touch this spot but could not hold it for long. Prices dropped down to $66,500, breaking many support levels…

The post PlanB Predicts Bitcoin To Double In 3-5 Months, Hit $150K By Year-End appeared first on Coinpedia Fintech News PlanB Predicts Bitcoin Price To Double! Amidst the ongoing bullish momentum, Bitcoin had managed to reach around the $70,000 levels earlier today. Notably, PlanB, the author of the stock-to-flow model, predicts that the Bitcoin price can double in the next 3-5 months. In a recent post on X, PlanB stated that the Bitcoin miner revenue has already bottomed after the…