It's a Valentine's Day gift to Bitcoiners - Bitcoin has sailed through its US$52,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Bitcoin hit $52,000 today – its highest price since December 2021, giving Bitcoin Bulls a big dose of Valentine’s Day…
Bitcoin has sailed through its US$60,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Today has been an especially volatile day, in an already volatile week. The price of Bitcoin surged to $63,000 on Wednesday. While still not a new all-time-high, it…
As the Bitcoin (BTC) price momentum begins to wane, the market’s leading cryptocurrency has retraced to the $110,000 mark, raising concerns about a potential shift into a new bearish cycle. CryptoBirb, a noted trader and analyst, suggested in a recent social media analysis that Bitcoin has only about 60 days of growth left, indicating that…
In an unexpected end to the week, Bitcoin has sailed through its US$45,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Bitcoin hit $46,400 today – its highest price since December 2021. After 17 days of trading, the BlackRock iShares Bitcoin Trust…
In the past month, the Bitcoin price has experienced a significant decline after reaching a 22-month high of $49,000. Currently, the largest cryptocurrency has fallen below the crucial $40,000 mark, raising concerns about the prospects of the ongoing bull run and the overall bullish market structure. However, there are indications that the bottom of the…
Bitcoin has passed through its US$45,000 resistance - a price push driven by a wave of positive macro momentum and signs that a spot Bitcoin ETF is could be approved as early as next week. This current uptrend in Bitcoin, often seen as the bellwether of the broader cryptocurrency market, was largely fueled by growing…
In a recent Bloomberg report, it has been suggested that the rise of Bitcoin price to over $42,000 is just the beginning of a new crypto super cycle that will push the world’s largest cryptocurrency to over $500,000. According to Bloomberg, proponents of this theory argue that Bitcoin represents a new monetary order that is…
As Bitcoin (BTC) continues its upward trajectory toward $38,000, the long-awaited arrival of a US spot Bitcoin exchange-traded fund (ETF) could open the floodgates of digital currency investing for institutional and retail investors. Notably, Bloomberg Intelligence estimates that the potential spot Bitcoin ETF market could reach a staggering $100 billion, signaling a breakthrough for cryptocurrencies…
Bitcoin (BTC), the largest cryptocurrency on the market, has again failed to consolidate and reach the $38,000 level for the third time, as it is currently experiencing a 3% pullback. This has led the community to speculate that a significant retracement may occur before the bullish momentum resumes and the next uptrend begins. However, renowned…
In a significant development that could potentially impact the Bitcoin price, Arkham Intelligence data reveals that Grayscale, the manager and owner of the Grayscale Bitcoin Trust (GBTC), has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12. Grayscale Bitcoin Trust Initiates Substantial BTC…