With each month, the Bitcoin performance can vary widely depending on how investors are feeling toward the market. Years of monthly return data available for the cryptocurrency have led to investors and analysts trying to pinpoint the cryptocurrency’s next move based on historical performance. As the month of August draws to a close, Bitcoin investors…
Travis Kling, the founder and Chief Investment Officer of Ikigai Asset Management, is proposing a direct link between the US presidential election outcomes and the Bitcoin price. Via X, Kling delves into the political dynamics and their perceived implications for crypto markets, particularly focusing on the potential re-election of Donald Trump. Why September 10 Could…
Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle…
Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered…
Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After…
In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing…
In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle…
Another transfer by the US government of originally seized Bitcoin from the notorious Silk Road has sparked widespread speculation on Wednesday, August 14. Blockchain analytics firm Arkham reported yesterday that 10,000 Silk Road BTC, valued at approximately $593.5 million, were transferred to Coinbase Prime, a platform used primarily for institutional investors. According to Arkham’s post…
A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement. Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) post on August 15, a crypto analyst identified as ‘Mags,’…
The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. What Could Make Bitcoin Drop To As…