Bitcoin

In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle The PI Cycle Top Indicator operates by tracking two key moving averages: a short-term 111-day moving average (colored orange in Rekt Capital’s visual analysis) and…

Bitcoin’s (BTC) price may have officially hit “reset” following an incredible rise in the coin’s long-term holder net position change. Historically, a rise in this metric helps the price recover. But will it be the same this time? This on-chain analysis examines the chances. $20 Billion in the Bag for Bitcoin HODLers According to Glassnode, Bitcoin’s long-term holder net position change has been increasing since July 22. However, today, the metric, which tracks the 30-day change in supply held by…

The post 75% of Bitcoin Locked Up: Is the $100K Surge Just Around the Corner? appeared first on Coinpedia Fintech News Bitcoin and its believers are staying strong no matter what market conditions they have to face. Data shows that 75% of Bitcoin’s circulating supply has not been moved in the last 6 months. This clearly represents that despite the bearish pressure on the market, bitcoin HODLERS are not afraid. So, what this means for the future of BTC, let’s…

The post Institutional Investors Flood Bitcoin ETFs in Q2 2024: Market Analysis appeared first on Coinpedia Fintech News The latest 13-F filings, released on August 14, 2024, have revealed intriguing developments in the cryptocurrency market. These reports, filed quarterly by investment managers overseeing at least $100 million in assets, highlight the top holdings in U.S. publicly traded securities, including Exchange-Traded Funds (ETFs). One standout trend from the second quarter of 2024 is the significant increase in institutional ownership of U.S.…

The post The Biggest Bitcoin Miner, Friedcat’s Shocking Bitcoin Mystery! appeared first on Coinpedia Fintech News Jiang Xinyu, popularly known as Friedcat, once ruled China and the overall Bitcoin market. He established a crypto startup in 2012 and raised $100,000 to build the earliest ASIC miner machines for Bitcoin Mining. The company distributed 140,000 BTC among shareholders as the company value reached 2 million BTC. After two years of success, the ASICMiners machine began to explode due to heating issues.…

As the Bitcoin price consolidates below the $60,000 threshold, the market has been characterized by a mix of indicators and technical levels, leading to a divided forecast and heightened uncertainty. Mixed Signals Cloud Bitcoin Price Trajectory According to Bitcoin maximalist Mark Cullen, the current Bitcoin price action presents a complex technical picture. He suggests that the $57.5,000 level will likely be tested, and the key question is whether it will hold.  Cullen believes it will, at least initially, before potentially…

A significant amount of dormant Bitcoin from 2013 has resurfaced in the market, sparking speculation about shifting investment strategies. Over 860 BTC, valued at $24 million, moved in a series of transactions last week, marking the first activity in these wallets since their creation. This movement suggests that long-term holders, often referred to as "diamond hands," might be reconsidering their positions, opting to diversify into other promising assets like Solana (SOL) and trending meme coin MoonTaurus (MNTR). Bitcoin’s Old Guard…

Bitcoin’s recent volatility has put Chainlink (LINK) at risk of an 18% drop, with negative netflows and strategic positioning by whales signaling potential further declines. As Bitcoin’s price prediction suggests a potential crash to $54,000 amid ongoing market uncertainty, investors are bracing for continued turbulence. Meanwhile, DigiHorse Empires is gaining traction in the crypto market as a premier Web3 gaming platform. Its native token, DIGI, has captivated investors during its presale phase, with experts and analysts optimistic about its growth…

The post Is Bitcoin About to Explode? Analyst Predicts a $69K Surge After Recent Drop! appeared first on Coinpedia Fintech News Bitcoin, the world’s largest cryptocurrency by market cap, recently fell to just above $58,090. This decline has led to speculation about a potential rebound. Drawing parallels with the COVID-19 crash in 2020, crypto analyst Moustache suggests that Bitcoin could follow a similar recovery pattern. If this historical trend continues, Bitcoin’s price might soon rise to new heights. Bitcoin Potential…