BTC

In the wake of Bitcoin’s halving event that happened in the middle of April, a significant number of investors are still hoping that a bullish sentiment will follow in the not-distant future. This article will discuss how soon the potential bull will trigger a price gain for Bitcoin and whether it will be early enough to propel the token above the $75k mark before July. Meanwhile, an emerging crypto coin in Rollblock (RBLK) is showing strong potential to embark on…

In a recent analysis shared via X, Peter Brandt, regarded as one of the leading experts globally in applying classical charting techniques to trading futures, foreign exchange, and crypto markets, suggested that the XRP to Bitcoin (XRP/BTC) exchange rate could potentially hit zero. Brandt’s analysis applies traditional techniques inspired by pioneers such as Schabacker, Edwards, and Magee to forecast this drastic trend. Brandt stated, “From a pure classical charting point of view (that is, Schabacker, Edwards, Magee) this chart looks…

After a trying week for bitcoin holders, as the bears made yet another attempt to break through the strong $61,000 support, Monday has opened the week with a bang for the king of the cryptocurrencies. Is this rally likely to continue, and is the bottom now in? Are the bulls about to step back in? Following on from the big reversal at the end of April, which saw the $BTC price go down to around $56,600, and then quickly surge…

The post Why $64,300 is a Pivotal Range for Bitcoin’s (BTC) Price Rally: Here’s What to Expect! appeared first on Coinpedia Fintech News The Bitcoin bears display significant strength as they continue suppressing the price levels within a pre-defined range. The longs were quickly pulled down as they appeared to be poised to find new monthly highs above $64,000, which would have changed the entire scenario of the BTC price rally in the short term. While the long-term trade remains…

Bitcoin price started a fresh decline from the $62,000 resistance zone. BTC is declining and remains at a risk of more losses below the $60,000 level. Bitcoin started a fresh decline after it failed near $62,000. The price is trading below $61,000 and the 100 hourly Simple moving average. There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum…

As the crypto market matures, it becomes more predictable. But sometimes, the markets turn the opposite way to expectations. Recently, Bitcoin ETFs have seen a massive buy-in from the lucrative Hong Kong market, and the price was supposed to rise. However, the Bitcoin price dipped 5% despite the buy-ins, which had a knock-on effect on the Ethereum price as well, with ETH losing closer to 7% of value.  Bitcoin (BTC): Bitcoin ETFs precursor to price dip  According to a recent…

The price of Bitcoin has continued to move within a consolidation range since hitting a new all-time high in mid-March. This sluggish price action has been a source of worry to most investors, especially when the premier cryptocurrency recently lost its support at the $60,000 level. Interestingly, price is not the only Bitcoin metric that has cooled off since the first quarter of the year. Data analytics firm Santiment has revealed that on-chain activity on the Bitcoin network has also…

JP Morgan and Wells Fargo, two of the largest banks in the United States, have announced their investments into Spot Bitcoin ETFs, unveiling their exposure to BTC, the world’s largest cryptocurrency. This significant development comes amidst the persistent downturn in the crypto market, resulting in BTC’s price dipping slightly above $60,000.  US Financial Banks Expose Spot Bitcoin ETF Holdings American financial services companies, Wells Fargo and JP Morgan, have revealed their exposure to BTC by disclosing their adoption of Spot…

The post ChatGPT Predicts Bitcoin Price : When Will BTC Price Initiate Bull Run? appeared first on Coinpedia Fintech News After a massive dump in April of 15%, the Bitcoin price is struggling to kick off the next bull run. As the market anticipates a massive jump after the fourth Bitcoin halving, the BTC price struggles near the $60,000 level.  The market grows fearful with the halving moth turning red and the growing supply. Further, the 9 Bitcoin ETFs in…