Bitcoin

The post ‘Redtember’: Bitcoin Holds Steady Amid Labor Day Lull, Will it Drop Below $50,000? appeared first on Coinpedia Fintech News As September begins, Bitcoin is hovering around $59,000, a historically bearish month for the cryptocurrency. September has a reputation for being one of Bitcoin’s most bearish months, with historical data showing an average decline. However, there is hope among some market participants that a potential interest rate cut by the Federal Reserve could break this negative trend.  On the…

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected that by 2050, the Bitcoin price could solidify its position as a key international medium of exchange, potentially becoming one of the world’s reserve currencies.…

Bitcoin, after experiencing a blood bath last Month, several analysts have re-analyzed its price action to see what this new month of September might hold for the Bitcoin Market. Amongst them, a renowned crypto analyst known as Mags on X has recently shared an insightful perspective on Bitcoin’s current market behavior in one of his latest posts. Is Bitcoin Primed For A September Rally? Mags pointed out that Bitcoin has been in a long consolidation phase since March and is…

Currently trading at just under $59,000, the $BTC price has a big month ahead. September is traditionally a bad month for Bitcoin, and so it remains to be seen if the first Federal Reserve rate cut, due on 18 September, can add some upward impetus to the price. September - the worst month for Bitcoin returns Coinglass produces records of the monthly Bitcoin returns since 2013, and September has proved to be the worst month, with an average of -4.39%.…

Bitcoin traders are upbeat, expecting prices to shake off recent weakness and soar above the local resistances to as high as $73,800. Even so, before the coin breaks above these liquidation regions, buyers must have conviction. Moreover, the leg up must be sustained by a fresh influx of new capital, ideally from investors fearing they will miss the train. Currently, Bitcoin is stable and moving inside last week’s bear range. At the same time, the coin is moving inside the…

Bitcoin price started a recovery wave from the $57,200 zone. BTC is rising, but it might struggle to surpass the $60,200 and $61,150 resistance levels. Bitcoin is attempting a recovery wave above the $58,000 support zone. The price is trading above $58,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $58,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could face heavy…

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. The former of these is simply the actual tokens that the exchanges are…

The post Bitcoin Price Likely to Hit $40,000 in September Forecast Says, but the Crypto AI Could Still Bloom appeared first on Coinpedia Fintech News Bitcoin (BTC) has plunged from the 20-day EMA of $60,497 over the past few days, indicating a growing bearish force, which analysts believe might push the Bitcoin price to $40,000 in September. Meanwhile, investor interest in crypto AI tokens like RCO Finance (RCOF) has risen, meaning the sector might still rally in September.  Why do…

The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections stabilize.  Bitcoin Bull Run Still Going Strong Popular crypto analyst, CryptoCon sees Bitcoin’s recent price drop as a minor setback, suggesting that the cryptocurrency’s highly…