Bitcoin price pattern suggests a potential bull trap that might lead BTC to drop below $100K.
Bitcoin (BTC) reached a peak of $110,653 on Monday, but has since dropped by 3.5%, hitting a low of $106,600 on Thursday. This decline comes amid rising tensions between Iran and Israel, with concerns that Israel might take military action against Iran, leading to a cautious market reaction. From a technical perspective, the recent changes […]
Bitcoin supporters stop $4K BTC price drop as US dollar reaches new 3-year lows
Bitcoin Sees a Bounce After Hitting Predicted Low Key Points: Bitcoin reaches an expected low of $107,000 before moving back up as US inflation data favors bullish sentiment. The US dollar weakens as inflation slows more than anticipated. Forecasts suggest Bitcoin could hit an all-time high by the end of the month. On June 12th, […]
Bitcoin Conflict Emerges As Saylor Suggests $1 Million Entry Fee For JP Morgan
Michael Saylor appears unfazed by the entry of major corporations into the Bitcoin market. In a discussion on Bloomberg Crypto with Matt Mayrier and Katie Greyfeld, the executive chairman of MicroStrategy stated he hasn’t lost any sleep over competitors like JP Morgan or Warren Buffett. In fact, he expressed a certain confidence, suggesting he could […]
Centralized Bitcoin reserves account for 31% of the BTC supply.
Survey Reveals Centralized Holding of Bitcoin Supply A recent study conducted by Gemini and Glassnode indicates that nearly one-third of the Bitcoin supply is under the control of centralized entities, with early adopters holding a notably uneven portion. The centralized Treasury—comprising government bodies, exchange-traded funds, and publicly traded companies—currently manages 30.9% of the circulating supply […]
Analyst says Peter Brandt’s prediction of a 75% Bitcoin drop is ‘very unlikely’
Crypto analysts are expressing doubt regarding veteran trader Peter Brandt’s recent predictions about Bitcoin’s performance on platform X. There’s a belief that Bitcoin might repeat its 2022 pattern and potentially decrease by 75%. Pav Hundal, lead analyst at Swyftx, shared his thoughts with Cointelegraph, stating, “Never say it. I feel very unlikely at this point.” […]
NYC Bitcoin Kidnapping Suspects Plead Not Guilty, Assert Accuser Was ‘Laughing and Smiling’
Simply put Two men claimed their code was taken and they were tortured, appearing in New York and pleading not guilty on Wednesday. Their lawyers assert that the accuser was seen moving freely on the day he was allegedly captured. This case is part of a growing trend of “wrench attacks” involving cryptocurrency this year. […]
Nobody will part with their Bitcoin when it reaches $130K, according to Bitwise CEO.
Bitcoin Sales Pressure May Drop at $130,000, Says Bitwise CEO Hunter Horsley, CEO of Bitwise, suggests that the pressure to sell Bitcoin might ease once it surpasses the $130,000 mark. “If Bitcoin pushes past $130,000 to $150,000, I doubt many will part with their holdings,” he shared on X. Mike Novogratz, the founder of Galaxy […]
Bitcoin price readies for fluctuations as available stock disappears.
Key takeaways: Data from Bitcoin’s blockchain indicates a consistent reduction in exchange and OTC balances, suggesting that accumulation and supply reduction are taking place. With Bitcoin’s prices hitting record levels and open interest near liquidity, the market is tightly woven, raising the likelihood of sudden price changes. Bitcoin (BTC) has been on a steady upward […]
Bitcoin price surge to $115K possible as US economic data surpasses expectations
Key Insights on Bitcoin Market Sentiment Investor sentiment for Bitcoin reaches a seven-month high, with forecasts suggesting a potential rally to $115,000. Recent CPI figures and lower-than-expected PPI data could contribute to rising BTC prices. Bitcoin (BTC) briefly surpassed $110,000 on Wednesday, following the release of US Consumer Price Index (CPI) data that was cooler […]
Bitcoin supporter TFTC introduces a browser extension for live BTC prices.
A media company named Commoner (TFTC), which promotes Bitcoin and Sound Money through newsletters and podcasts, introduced its “opportunity cost” browser extension on Wednesday. This tool enables users to see online prices in Bitcoin (BTC) or SAT. Marty Bent, the founder and contributor of TFTC, highlighted three main goals for expansion. He mentioned his openness […]