Bitcoin

In a CNBC interview, Michael Saylor predicted a BTC Price of $13M; Peter Schiff called this “a bunch of nonsense”. Schiff trashed Bitcoin and espoused gold in a separate interview. With gold’s price on the rise and Bitcoin’s falling, Schiff defended what he called the “apex money”. Saylor Predicts $13M Bitcoin Price in 21 Years Michael Saylor made an interview appearance on NBC’s “Squawk Box” on September 9th, pushing his bullish views on Bitcoin. Although Bitcoin’s price has risen over…

After weeks of turbulence, signs are emerging that Bitcoin might be approaching a crucial turning point. US-listed Bitcoin exchange-traded funds (ETFs) posted net inflows of $28.7 million on September 9, marking a reversal after a prolonged outflow streak that saw $1.2 billion leave the market. This is the first net inflow since late August, coinciding with Bitcoin’s price rebound of 6%. Bitcoin Buy Orders Get Filled, Signaling Local Bottom The renewed inflows suggest growing interest among professional investors. While ETFs…

The post Why Bitcoin Bull Run 2024 Could Be the Biggest Crypto Event Yet! appeared first on Coinpedia Fintech News Bitcoin (BTC), the largest cryptocurrency by market cap, seems to be bouncing back after hitting a monthly low of $55,500. Despite a 10% drop in recent days, the price has surged over 5% in the past three days, indicating a potential price reversal on the horizon. In a series of X posts, VirtualBacon warns of a Bitcoin shakeout. He suggested…

The post Top Reasons Why Bitcoin (BTC) Price is Up Today appeared first on Coinpedia Fintech News Bitcoin (BTC) price rallied over 3 percent in the past 24 hours, reaching a daily high of about $57,896 before retracting towards $56.6k on Tuesday, September 10, during the early Asian session. If you’re wondering why Bitcoin price is up today, several factors contributed to the rebound, which also reverberated through the altcoin market. As a result, the total crypto market cap regained…

Bitcoin price started a decent increase above the $55,500 resistance. BTC is consolidating and might aim for more gains if it clears the $58,000 resistance. Bitcoin is rising from the $52,500 support zone. The price is trading above $55,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $55,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing resistance near the $58,000…

Michael Saylor, co-founder and Executive Chairman of the business intelligence firm MicroStrategy and a well-known Bitcoin advocate, recently reiterated his bullish stance on the leading cryptocurrency during an exclusive interview with CNBC on Monday. Saylor’s Bitcoin Price Forecast Saylor, recognized for steering his company towards significant BTC investments to capitalize on its continuous growth, projected a mind-blowing future valuation for Bitcoin. Saylor boldly forecasted that the Bitcoin price could soar to an unprecedented $13 million per coin. During the interview,…

Veteran trader Peter Brandt has suggested a potential decline in Bitcoin’s value below $40,000. He is known for applying Bayesian Probability Theory to market analysis. Brandt’s methodology involves revising the likelihood of events as new data emerges. This approach is a central tenet of Bayesian Probability Theory, which helps investors adjust their predictions based on changing information. Peter Brandt: There Are 65% Chances of Bitcoin Dropping Below $40,000 Brandt, who first began trading Bitcoin in 2016, initially believed there was…

The post Bitcoin Price Reversal Begins, Will BTC Break $58 Hurdles? appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency by market cap appears to be recovering after its price hitting a monthly low of $55,500. In recent days, the BTC price has fallen by more than 10%, but over the past three days, it has jumped more than 5%, which could be considered a sign of a price reversal.  Bitcoin Price Reversal  With a recent price…

Bitcoin has faced significant price fluctuations marked by a notable crash on August 5 that saw its value dip to $49,000. This was followed by a rebound to approximately $65,000, only to experience another decline to around $52,000 last Friday.  Despite these challenges, the largest cryptocurrency by market capitalization is undergoing crucial support retests, reminiscent of the patterns observed in September 2023 before it soared to an all-time high of $73,700 in March. Bitcoin May Hit New All-Time Highs Crypto…