BTC

This week was quite a volatile rollercoaster for the primary cryptocurrency and the rest of the market, perhaps driven by actions undertaken by the US government. Recall that BTC’s price had stalled at around $69,000 last Friday as the bulls had failed to overcome the $70,000 level. Following a relatively quiet weekend, in which BTC stayed at around the same levels, it went on the offensive once again on Monday to over $71,000. However, Bitcoin failed to overcome that resistance…

Bitcoin’s price action remained choppy this week. Its recovery to $69,000 remained brief after a massive plunge below $65,000. Nonetheless, the resurgence has sparked significant discussion within the community. The drop is largely attributed to the US government’s move to sell its BTC stash from the Silk Road seizure, with plans for four more similar sell-offs in 2024 causing significant concern among traders. However, historical data suggest that markets typically move in the opposite direction of the crowd’s expectation. Bitcoin…

After February’s strong up movement, Bitcoin has generally moved sideways through March and now into April. The longer the sideways move, potentially the bigger and more explosive move to follow.  Since the beginning of February, and into the first half of March bitcoin put on 76% in price gains. From the top at $73,800, the price has moved down and sideways. The longer this current move continues, the bigger a potential consequent upside movement could be. $BTC bull pennant takes…

Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB has identified a level which he believes Bitcoin (BTC) will never go below again. According to a tweet by the controversial analyst, BTC is “highly unlikely” to ever move below $33,000, which is also its 200-week moving average. This prediction applies to post-halving slumps and subsequent bear markets. Bitcoin to Remain Above $33K The outcome of PlanB’s latest analysis differs from his prediction in early February. At the time, he said BTC…

After a few days of trading sideways and losing value, Bitcoin finally went on the offensive yesterday evening and spiked above $69,000, where it faced a strong rejection. The altcoins have suffered in the past 24 hours, aside from TON, XRP, and BCH, all of which have posted minor gains. BTC Stopped at $69K Bitcoin’s price actions this week have been quite unfavorable for the asset. It all started on Monday with a price slump that drove the cryptocurrency from…

The post Bitcoin (BTC) Price Will Not Drop Below $60K : Predicts Crypto Analyst PlanB appeared first on Coinpedia Fintech News This is something that’s bound to interest you! A noteworthy prediction has emerged from the creator of the widely used Stock-2-Flow (S2F) model. PlanB, known for accurate market calls, confidently declares that Bitcoin’s value is on the brink of a significant surge, emphasizing that it won’t dip below $60,000 again.  Bitcoin’s recent surge to a new all-time high of…

The post Analyzing the Potential: Bitcoin (BTC) and Ethereum (ETH) Stabilize as Furrever Token (FURR) Promises Explosive 15X Presale Returns appeared first on Coinpedia Fintech News In the dynamic world of cryptocurrencies, investors constantly seek opportunities that balance stability with the potential for high returns. As Bitcoin (BTC) and Ethereum (ETH) continue to solidify their positions as the mainstays of digital finance, offering reliable growth and stability, a new contender emerges with a promise of substantial gains. The Furrever Token…

Bitcoin’s price slumped below $66,000 on a few occasions yesterday but managed to recover the losses and now sits just inches above that level once again. Most altcoins are in the red today, with SOL, DOGE, and DOT losing the most value from the larger caps. BTC Stalls at $66K Ever since the weekend, when BTC failed to overcome the $72,000 mark, the landscape around the primary cryptocurrency has been quite unfavorable. The asset began the current business week with…

Bitcoin prices are volatile, recently dropping from the peak of over $73,000 in March to the current spot levels. Analysts are turning to historical data for insights with mounting selling pressure and some investors being concerned about potential short-term losses. This historical analysis is crucial in determining whether we’ve reached a market top or if this is just a temporary pause before the trend resumes. Will The Depth Of This Correction Depend On This? In a post on X, one…