Bitcoin

The post Trader Peter Brandt Raises Doubts on Bitcoin Bull Run Continuation appeared first on Coinpedia Fintech News Renowned trader Peter Brandt has raised doubts about the sustainability of Bitcoin’s ongoing bull market cycle. In a detailed analysis titled “Does history make a case that Bitcoin has topped?” Brandt highlights trends in Bitcoin’s historical price cycles that suggest diminishing momentum over time. Diminishing Momentum in Bull Cycles Brandt identifies four significant bull cycles in Bitcoin’s history, with the current surge marking…

Following a pullback, the price of Bitcoin has continued on its downward movement. The coin, after failing to break above the 100-day Simple Moving Average (SMA) and the trend line has experienced a drop of over 6% from its previous high. Will the price of BTC continue to move in a downward direction or will it reverse and start moving in an upward direction? As of the time of writing, the price of BTC was trading around $62,972 which is…

The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching…

Amidst struggles with ETF launches, Bitcoin's price has recently plunged 7% to around $62,383. BNB, despite stablecoin airdrop trends, faces a decline to $538. Meanwhile, MileiMoneda ($MEDA) has become one of the best altcoins by merging humor, politics, and blockchain to offer real-world utility and profits. Economize Like Milei: Invest in $MEDA! Bitcoin's (BTC) Price Dips Amid ETF Struggles The price of Bitcoin (BTC) has dropped approximately 7% over the past week and has fallen around the $62,383 level in…

Oklahoma lawmakers have recently approved legislation aimed at protecting citizens’ ability to own Bitcoin. This move comes amidst heightened regulatory attention from the Federal Government and its agencies toward the emerging industry. Oklahoma’s Fundamental Bitcoin Rights In an April 26 post on X, Dennis Porter, the founder of Satoshi Action Fund, revealed that Rep. Brian Hill and Senator Bill Coleman sponsored the significant Bitcoin rights bill. This legislative initiative will uphold individuals’ rights to self-custody their digital assets, engage in…

In yet another milestone for the Bitcoin network, its daily transactions peaked at 927,000, surpassing the previous record of 724,000 set in December 2023, according to findings by Intotheblock. The launch of Runes sparked a rapid increase, demonstrating growing interest and utility in cryptocurrencies, setting a new all-time high in Bitcoin’s transaction activity. Runes, a new token standard on the Bitcoin blockchain, has dominated transactions since its launch following the halving on April 20, accounting for over two-thirds of all…

The FBI stated in an April 25 public service announcement that people should only use the services of registered licensed Cryptocurrency Money Services Businesses. The Bureau pointed out recent law enforcement operations targeting cryptocurrency networks that operate without proper authorization.  The US Federal Bureau of Investigation (FBI) has issued an alert to the American public about not using unregistered cryptocurrency money transfer services. This advisory comes amid the growing legal battles in the United States between regulators and cryptocurrency firms.…

A bull flag recently formed on the Bitcoin chart, raising the possibility of a trend reversal soon enough as the flagship crypto makes significant moves to the upside. This crypto analyst suggests that the crypto could rise to as high as $100,000 when it makes that move. Bitcoin’s Bull Flag Suggests More Upside Denis Baca, Head of Product at Zivoe Finance, noted that the bull flag formation on Bitcoin’s daily chart historically suggests that the crypto token is primed for…

Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days,  the digital asset’s price has declined by 6.49%, falling below the $63,000 price mark.  As expected, such negative performance has drawn attention from investors and market speculators. In particular, renowned analyst with X handle Rekt Capital has provided a theory on Bitcoin’s price fall…