Bitcoin

Bitcoin, the world’s most popular cryptocurrency, appears poised for a major move, but the direction remains shrouded in mystery. Analysts are divided on whether a bullish breakout or an extended consolidation period lies ahead. Reaching New Highs: Euphoric Bulls On The Horizon? Renowned crypto analyst Checkmate has ignited a spark of optimism with his “Euphoric Bull” theory. According to Checkmate, a surge to a new all-time high could signal a critical shift in market sentiment. This type of bull phase…

Bitcoin has arguably had its consolidation period now, and in the political sphere as well as the financial sphere the tide looks to be turning in bitcoin’s favour. With all the stars aligning for bitcoin, are we approaching the start of the next big price surge to the upside? The anti-crypto tide is turning The political landscape for bitcoin is finally turning favourable. Sworn enemies of the freedom currency, in chairman of the Security and Exchange Commission, Gary Gensler, and…

The Ethereum network gave birth to the concept of decentralized finance or DeFi, which is pitched as an alternative, more accessible financial ecosystem that anyone can access to save, lend, borrow and invest.  DeFi has grown to become a massive, multi-billion dollar global market, and numerous other blockchains, including Solana, Polkadot, Avalanche and Cardano have emerged to try and take on Ethereum, boasting of more efficient networks, faster transactions and more sophisticated smart contract capabilities. Yet to date, none of…

MetaMask, a leading self-custodial wallet, plans to integrate support for Bitcoin (BTC). Known for its dominance in the Ethereum ecosystem, this move could enhance MetaMask’s appeal to a broader crypto audience. The integration aligns with the broader trend of interoperability in the blockchain space, promising a more versatile and user-friendly experience for crypto enthusiasts. MetaMask Embraces Bitcoin: What to Expect Although the exact timeline remains uncertain, sources suggest users might see Bitcoin functionality within the next month. Initially, features might…

In a previous article, BeInCrypto predicted the Bitcoin price surge to $72,000, supported by our comprehensive analysis of on-chain metrics. BeInCrypto prediction is validated by the recent price movement, emphasizing the importance of continuous monitoring and analysis of these indicators. Delving Deeper Into Bitcoin on-Chain Data By analyzing key indicators such as Hash Ribbons and the 90-day Moving Average of Coin Days Destroyed (CDD), we can gain a deeper understanding of market dynamics. This continuous monitoring approach is crucial for…

Bitcoin price started a downside correction below the $70,000 level. BTC is now testing the $68,800 support and might attempt a fresh increase. Bitcoin extended its decline below the $70,000 support zone. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $70,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a close…

Bitcoin is cooling off after an impressive 25% spike from May 2024 lows. Even with this cool-off, some analysts are upbeat, predicting the coin will extend gains in future sessions. Bitcoin Finds Strong Support Between $70,180 and $70,600 In a post on X, one analyst believes Bitcoin has strong support at around $70,180 and $70,600. The analyst explained that on-chain data shows that over 450,000 addresses collectively bought over 273,000 BTC at this price range.  For this reason, the concentration of…

Analysts from leading international cross-border bank, Standard Chartered have made a bold prediction that Bitcoin could witness a significant rise to new all-time highs above $73,700. This projection, slightly higher than the cryptocurrency’s previous peak, comes with an unexpected and wholly ambitious timeline.  Bitcoin Poised To Reach New All-Time Highs Geoff Kendrick, Head of EM FX Research, West and Crypto Research, Standard Chartered, has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. In an email to TheBlock, Kendrick…

Bitcoin whales are not backing down from the market and have continued to capitalize on the pump by buying every dip. The most recent dip toward $60,000 saw these large investors gobble up BTC at an alarming rate, with their daily spending coming in at billions of dollars. Bitcoin Whales Buy $6.3 Billion Worth Of BTC In a stunning discovery, co-founder of Bitcoin-based company Apollo, Thomas Fahrer, revealed that Bitcoin whales have been rapidly buying up the tokens amid price…