Bitcoin’s price is trading at $120,677, with a market capitalization of $2.40 trillion and a 24-hour trading volume of $50.93 billion. Over the past day, the intraday range has spanned from $118,020 to $122,312, as traders navigate a technically bullish environment supported by recent breakouts and favorable momentum readings. Bitcoin On the daily chart, bitcoin […] Original
Bitcoin’s short-term price performance will largely be influenced by Friday’s U.S. jobs report and a continued increase in ETF inflows, according to Bitfinex analysts. Bitcoin (BTC) could climb to $125,000 by the end of June if macroeconomic conditions remain favorable, analysts told crypto.news on June 5. The primary catalyst in the near term is Friday’s non-farm payroll report, which is expected to show a slowdown in employment. Current forecasts for new non-farm payrolls range between 125,000 and 130,000 — down from April’s 177,000. Bitfinex analysts believe that a weaker-than-expected print…
Bitcoin recently experienced a pullback into a key support zone near $106,133, but price action remains bullish. Market structure suggests a continuation toward $125,400 if support holds firm. Despite a short-term dip in Bitcoin’s (BTC) price, the larger technical picture continues to favor bullish continuation. The current pullback appears to be a healthy retracement into a significant support zone, offering a potential springboard for the next leg upward. Traders and analysts are closely watching the $106,133 level as the battleground for bulls and bears in the near term. Key technical…
Key takeaways: Bitcoin (BTC) price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting. Over the past 24 hours, short position liquidations exceeded $137 million, with Alphractal founder Joao Wedson observing that BTC’s price momentum continues to favor bullish trends. Bitcoin aggregated liquidation heatmap. Source: X.com Peter Brandt predicts a $150K…
Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020, after its weekly chart closed above $80,000. BTC’s bullish structure has transpired from a short-term to a long-term outlook, and multiple analysts believe that an assortment of six-figure price targets will be attained sooner than later. Bitcoin could reach $125,000 by New Year’s Eve Peter Brandt, a popular market analyst, highlighted that Bitcoin tends to repeat its bullish price action trends when it decides to “mark up.” The trader addressed BTC’s current move above…
Peter Brandt projects that bitcoin could surge to $125,000 by the New Year, citing bullish trends and the cryptocurrency’s strong historical price-action patterns. Peter Brandt Sees Path to $125K Bitcoin as Market Enters Uncharted Territory Veteran trader and renowned chartist Peter Brandt shared an optimistic outlook for bitcoin on Sunday after the cryptocurrency broke its […] Original
Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday […] Original
Standard Chartered has reaffirmed its projection that bitcoin will hit new all-time highs by the end of 2024, regardless of the U.S. election outcome. The bank’s digital assets head predicts bitcoin could reach $125,000 under Trump or $75,000 under Harris, with temporary drops under a Harris presidency. Regulatory concerns loom, but other factors, like U.S. […] Original
Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3 to hit a 19-month high, according to CoinGecko data. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. It’s down around 42% from its Nov. 10, 2021, all-time high of over $69,000. The price of Bitcoin over the last 12 months, which has gone from under $17,000. Source: CoinGecko In…
The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain. The fifth Bitcoin (BTC) bull run that is expected to go parabolic after next year’s halving event has attracted notable institutional investors. More investors fleeing the market uncertainties presented by ongoing conflicts in the Middle East and the Russian invasion of Ukraine have opted for Bitcoin which has outperformed all other traditional investment instruments YTD. According to the latest market data provided through TradingView, Bitcoin price…