Bitcoin

Data from Coinglass suggest that Bitcoin could experience a strong rebound driven by historical patterns. The upcoming Mt. Gox repayments and the substantial sale of Bitcoin by the German government significantly threaten BTC’s price in July. Struggling through a tedious performance in June, Bitcoin showcased unsatisfactory activity, with BTC plummeting almost 7%.  June’s performance has left a sense of mixed optimism among investors and analysts, unresolved on whether BTC’s price will come out strong or if the struggle will persist. …

In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful period. A Profitable July For Bitcoin And Ethereum According to seasoned market analysts from QCP Capital, Bitcoin has displayed a median return of 9.6% in July over the years, with a pattern of bouncing back significanly following lackluster performances in June.…

Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible overvaluation. Analyst: Bitcoin Is Overvalued, Here’s Why In a post on X, one analyst argues that the coin may likely cool off, extending the 18% drop registered in June. To conclude this, the analyst said the preview factored in…

Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week.  This eagerly awaited announcement has raised concerns within the cryptocurrency community regarding the potential contribution of these customers to ongoing selling pressure in the Bitcoin market.  Experts Confident In Absorbing Potential Mt. Gox Sell-Off While some analysts express apprehensions about potential losses in Bitcoin, they generally agree that any sell-off concerns related…

The post ChatGPT Predicts Bitcoin Q3 Price Rally – Which Altcoins To Buy Before It Starts? appeared first on Coinpedia Fintech News The Bull Run and altcoin season are on the horizon, just a heartbeat away from igniting. The general market sentiment remains calm yet expectant, with Bitcoin poised for a significant Q3 price rally according to ChatGPT. Altcoins are still trading at low levels, presenting a prime opportunity for investors. The market environment suggests that these under-the-radar assets might…

The post What’s Next For Ethereum Now That Bitcoin Has Made A Bullish Statement? appeared first on Coinpedia Fintech News Bitcoin surged from its lows of $60k, surprising everyone with nearly a 4 percent gain on July 1st. Other altcoins, including Ethereum, also saw gains, bringing renewed hopes to investors and analysts alike. Analyst Josh of Crypto World said that the price of ETH is currently holding above the 50% retracement level, which is acting as support around $3,350.  This…

According to this metric, the on-chain analytics firm Santiment has revealed Shiba Inu has been underbought recently, while Bitcoin is overbought. MVRV Z-Score Suggests Shiba Inu Has Been Undervalued Recently In a new post on X, Santiment has discussed how some of the top cryptocurrencies are looking like right now on their MVRV Z-Score. The “Market Value to Realized Value” (MVRV) refers to a popular on-chain indicator that keeps track of the ratio between the market cap and realized cap…

Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably, data shows an interesting $500 million increase in bids below the spot price and a rise in open interest, as…

There are some mixed signals for Bitcoin currently. That said, a monthly close above $61,000 is positive, and a long downside candle wick on the weekly time frame suggests strong buying. Is Bitcoin turning the corner? Bitcoin is continuing to do its thing - nothing more, nothing less. A breathtakingly huge climb from under $40,000 up to $73,800 in the space of 8 weeks has resulted in a nice long sideways consolidation that is building beautiful price structure on top…