Bitcoin

TL;DR BTC has been hovering between $59,000 and $65,000 in the past several days, settling around $61,700. Optimistic forecasts suggest a potential rise to $74,000 due to technical patterns and recent halving effects. The legal conflict between Ripple and the SEC continues, focusing on whether XRP is an unregistered security. Solana’s SOL has climbed by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the asset’s strong market performance. BTC’s Price Swings The primary…

Tron price is gaining pace above the $0.1220 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1250. Tron is moving higher above the $0.120 resistance level against the US dollar. The price is trading above $0.1220 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.120 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue…

Bitcoin price extended losses and traded below the $62,500 zone. BTC is showing bearish signs and might turn bearish if it settles below $60,000. Bitcoin followed a bearish path and traded below $62,500. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $62,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the $60,000 support…

The CEO of analytics firm CryptoQuant has explained how the Bitcoin network fundamentals could support a market cap three times the current size. Bitcoin Hashrate/Market Cap Ratio Could Reveal Ceiling For Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about what the network fundamentals could reveal about how much more market cap Bitcoin can sustain. BTC is a cryptocurrency that runs on the proof-of-work (PoW) consensus mechanism, meaning that validators called miners…

A Standard Chartered report suggests Bitcoin could perform well if Trump wins the US election due to clearer regulations and as a hedge against inflation. Bitcoin’s adoption by traditional investors is increasing due to unfavorable economic conditions and uncertainty in the Treasury market. According to a recent research report by Standard Chartered, cryptocurrency markets are eyeing a potential surge as fears of U.S. fiscal dominance loom large. The investment bank suggests that the Federal Reserve monetizing government debt could drive…

The post Bitcoin Price Predictions Soar: CryptoQuant CEO Forecasts $265K Surge  appeared first on Coinpedia Fintech News The year 2024 has seen significant momentum for Bitcoin, as prices reached impressive highs but also witnessed recent downturns. In spite of challenges like market volatility and regulatory scrutiny, Bitcoin continued to show resilience and promising growth. Despite Bitcoin’s recent downturn below $62,000, industry experts remain bullish on its future trajectory. CryptoQuant CEO Ki Young Ju is among those optimistic voices. He predicts…

The post Whales Jump in to Accumulate Bitcoin; Will BTC Price Make It to $65,000 This Week? appeared first on Coinpedia Fintech News The start of the year was pretty bullish for the star crypto, Bitcoin, but with the beginning of the second fortnight of April, the market dynamics changed to a large extent. The BTC price plunged by more than 10% and remains consolidated within a range. Although the bears are trying hard to lift the levels above the…

The post Why Does Bitcoin Still Require Correction After ETF and Halving? Why Are Markets Perplexed Following a Bullish Event? appeared first on Coinpedia Fintech News A fresh wave of volatility has hit the crypto markets as the prices of the majority of the cryptos have been fluctuating close to their support levels. Meanwhile, the Bitcoin price is also facing equal bullish and bearish pressure, which suggests a major price action is on the horizon. However, the question remains why…

Thomas Jong Lee, the Chief Executive Officer (CEO) of Fundstrat, an independent financial research boutique, has maintained a bullish stance on Bitcoin. The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach $150,000 during the 2024 crypto market cycle.  Bitcoin Could Go Parabolic In 2024 During a recent interview on Squawk Box, CNBC on May 7, Lee doubled down on his previous Bitcoin forecast, expressing strong confidence that the pioneering cryptocurrency…