Last week, the bulls successfully maintained closes above $85,000, effectively fending off the bears. Last week, Bitcoin’s price fell to support once more, but the bulls stepped in effectively, driving the price back up to finish the week at $88,656. The weekly chart shows that the price has been consistently rejecting from the lower trend … Read more
Elon Musk, the Tesla billionaire poised to become the world’s first trillionaire with a net worth exceeding $750 billion, made a surprising money prediction earlier this month, coupled with a serious warning regarding the future of the U.S. dollar. Musk, while not directly involved in the Trump administration’s efforts to promote bitcoin and crypto adoption, … Read more
In the financial landscape, Bitcoin remains one of the few major assets that has not managed to keep up with the broader market gains. This underperformance occurs even with robust underlying fundamentals, as its price is influenced more by the mechanics of hedging and synthetic leverage than by the conviction of its holders. Network security … Read more
Latest forecast suggests that the bitcoin price may surge to $143,000 next year, driven by ongoing adoption via exchange-traded funds and a more favorable regulatory environment in the U.S., which is expected to attract new capital into the market. Analysts have established a base-case target of $143,000 for the bitcoin price within the next 12 … Read more
Bitcoin is currently maneuvering through a tough market environment, marked by a delicate range and considerable overhead supply. The cryptocurrency’s price has encountered resistance close to $93,000, while support has been pinpointed around $81,000, establishing a critical battleground characterized by these significant levels, as reported. Bitcoin’s present trading range indicates a structurally delicate market, with … Read more
Bitcoin’s Lightning Network, the layer-2 payments system aimed at enhancing the speed and cost-effectiveness of Bitcoin transactions, has achieved a new all-time high in capacity. This development indicates a resurgence of institutional interest, despite the slower pace of grassroots adoption. According to data, the Lightning Network’s capacity reached 5,637 BTC yesterday, exceeding its prior high … Read more
Bitcoin’s price remained steady above $87,000, while market sentiment took a hit, with the Crypto Fear and Greed Index dropping to 11 out of 100, indicating a state of extreme fear among investors. As of this moment, bitcoin is priced at $87,696, reflecting an approximate 2% increase, based on market data. Despite the modest rebound, … Read more
Bitcoin’s price appears to be sluggish as we move into this week. Last week, prices faced another rejection at the $94,000 resistance level. The bulls struggled to find any momentum as the price continued to decline into Sunday, ultimately closing at $88,170. This week, the bears are aiming to breach the $84,000 support level, potentially … Read more
Michael Saylor indicated that his firm might increase its Bitcoin holdings as the market experienced another downturn on Sunday, a development that left traders anxious and sparked renewed discussions about the factors behind the declines. In a recent post on X, Saylor unveiled a chart featuring the phrase “Back to More Orange Dots,” which investors … Read more
Bitcoin has shown resilience, bouncing back from the $80,000 mark following a significant correction from its all-time high in October, with the price maintaining levels above the average entry points of crucial metrics. The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range … Read more