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Crypto analyst Rekt Capital has provided insights into the Bitcoin future trajectory. Based on his analysis, the flagship crypto might not yet be ready for its next leg up, which could see it climb back above $70,000.  Bitcoin Not Yet Ready To Establish $65,000 As New Support Rekt Capital claimed in an X (formerly Twitter)…
Bitcoin is steady when writing, floating above immediate support levels and inches away from reclaiming the all-important local liquidation line at around $66,000. Even as the broader crypto community expects buyers to step in and push prices higher, there are exciting developments that buttress this outlook. Billions Worth Of BTC Pulled From Exchanges According to…
The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason for the substantial Bitcoin dump was unveiled in a recent statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. Why Germany Sold All Its Bitcoin In a blog post published on July 16, the…
In a forecast shared via a YouTube video, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, articulates a strong case for Bitcoin reaching a valuation of $750,000. According to Burnett, the market may be substantially underestimating Bitcoin’s potential this cycle, often losing sight of its broader context within the global financial ecosystem. Why Bitcoin…
Bitcoin price has rallied above the $64,000 mark. Glassnode, a market intelligence platform, has analyzed this notable increase, which attributes the current price movement to a significant easing of sell-side pressure, particularly from the German government. Exhaustion of Sell-Side Pressure According to the on-chain data provided by Glassnode, the recent uptick in Bitcoin’s price is…
Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 level last week to trading as high as above $66,000 in the early hours of Wednesday before now retracing to a current trading price of $64,433. This bullish price performance has been the…
Bitcoin price struggled to extend gains above the $66,000 resistance level. BTC is consolidating and holding gains above the $63,500 zone. Bitcoin struggled to continue higher above the $66,000 resistance zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
Bitcoin developer Samson Mow has for a while now continued to assert that BTC is going to reach $1 million. He has again reaffirmed his bullish stance and mentioned when exactly the flagship crypto will hit this unprecedented price target.  When Bitcoin Will Rise To $1 Million Mow mentioned that he is still certain that…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…