Bitcoin

Bitcoin is preparing itself for a substantial bull run in the years ahead. One of the latest price trend models predicts significant gains by late 2025 from an analysis rooted in ‘power law,’ a statistical method that has historically proven to be a solid support band for Bitcoin’s value. Revisiting the theory, an engineer named Apsk32 on X has shared an update on Bitcoin price action. Based on his analysis, despite a notable 25% price drop from March’s peak, the…

Bitcoin price is slowly moving higher above the $56,500 level. BTC might gain bullish momentum if it clears the $58,500 resistance zone. Bitcoin started a recovery wave above the $56,500 and $57,000 levels. The price is trading above $57,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $57,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a fresh increase above the $58,500…

Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major gains, with the vast majority of investors currently in profit despite the market crash. Bitcoin Holders Enjoy Massive Gains According to data from the on-chain…

Bitcoin (BTC) price reacted to Federal Reserve chair Jerome Powell delivering the Semi-Annual Monetary Policy Report to the Senate Banking Committee on Tuesday. The address comes ahead of Thursday’s US Consumer Price Index (CPI) inflation data, which is expected to be a significant market mover this week. Bitcoin Tests $58,000 After Powell’s Fed Update Bitcoin may have to wait until Thursday for a significant reaction to the US macro news, which is one of the four fundamentals investors are watching…

Matthew Sigel of VanEck Investments predicts that over the next two decades, up to $6 trillion could enter the crypto market through inheritance, as millennials and GenXers inherit a projected $84 trillion. Young investors aged 21-43 are expected to allocate a significant portion of this windfall to cryptocurrencies, with potential annual inflows of $300 billion. Matthew Sigel, the head of Digital Assets at VanEck Investments, believes that over the next 20 years, more than $6 trillion could flow into the…

The post Crypto Whales Shuffle 200 Million XRP Tokens Amid Bitcoin Struggle To Reclaim $63,000 appeared first on Coinpedia Fintech News A lot has happened in the crypto industry lately, with crypto whales moving significant amounts of Ripple (XRP) tokens and Bitcoin (BTC) struggling to reclaim $63,000. Meanwhile, crypto investors have taken advantage of the recent market downtrend to accumulate more ETFSwap (ETFS) tokens at its current price of $0.0183. Why Crypto Investors Are Accumulating More ETFSwap (ETFS) ETFS is…

On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Santiment, BTC investors have been liquidating their wallets amid the recent bearish wave in the asset. The indicator of relevance here is the “Total Amount of Holders,” which measures, as its name suggests, the total number of addresses holding…

Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to reverse losses posted last week, one analyst, citing technical candlestick formation and the reaction at the 200-day moving average, thinks how prices react for now…

Bitcoin price has been trapped in a bearish consolidation in the past four months following the end of the first sentiment extreme at around $73k. Top analysts believe Bitcoin price is preparing for the euphoric phase of the bull run despite the Mt.Gox repayment and the ongoing selloffs by the German government. Bitcoin’s (BTC) price has established a micro-consolidation range between $58,300 and $55,857 in the past five days. After consistently closing below the 200-day Moving Average (MA) in the…