Analyst Who Correctly Predicted Bitcoin’s Surge And Crash Reveals Where Price Is Headed Next

Crypto analyst TechDev has provided insights into the Bitcoin future trajectory. The analyst suggested that the flagship crypto has yet to reach its full potential in this market cycle and that more price surges lie ahead for the crypto token.   Not Yet Time For A Bitcoin Blowoff Top TechDev remarked in an X (formerly Twitter) post that the Bitcoin blowoff tops only happen after the four-week Chaikin money flow (CMF) breaks a line he highlighted on the accompanying chart. His analysis suggests that Bitcoin is still bound to make a…

Research analyst at Fineqia discusses the impact of spot ETFs on Bitcoin’s market dynamics

Crypto.news recently sat down with Matteo Greco from Fineqia International to discuss the current state of the Bitcoin ETF market and what we can expect looking ahead. Bitcoin has emerged as one of the top-performing assets of the past decade.  It has transcended beyond its status as a lesser-known peer-to-peer payment system, catalyzing the creation of an entirely new asset class that now boasts a market capitalization exceeding $1 trillion. With the approval of 11 spot Bitcoin ETFs in January 2024, traditional investors now have an easier route to gain…

Bitcoin’s Path To $300,000 Cleared By Bullish Pattern: Analyst

According to an analysis shared by renowned crypto analyst Gert van Lagen, the Bitcoin price chart has illustrated a significant technical pattern in the 3-day chart (BTC/USD) that could potentially signal an upsurge to as high as $300,000. Known as the “Cup with Handle,” this pattern is celebrated among traders for its predictive reliability and bullish implications. Unpacking The Massive Bitcoin Cup And Handle Pattern The Cup with Handle is a bullish continuation pattern that resembles a teacup on a chart. This pattern is formed when the price initially drops…

Pompliano discusses Bitcoin’s transformative impact at Consensus 2024

At Consensus 2024, renowned Bitcoin advocate Anthony Pompliano shared his perspectives on Bitcoin’s new landscape and its far-reaching utility. The panel discussion highlighted Bitcoin’s impact on societal acceptance, the financial system, economic incentives, Wall Street’s changing stance, and educational role. Shift in Societal Acceptance “There’s been an acceleration of those people. It’s no longer celebrities, musicians, etcetera. We’re now talking about the President of the United States, some of the most powerful people on Wall Street are saying this is real,” Pompliano said. President Donald Trump has been the biggest…

You can’t argue with Bitcoin’s success

Martin expressed optimism about Bitcoin ETFs, highlighting their potential and the resources they’ve already brought to Wall Street Lynn Martin, president of the New York Stock Exchange Group, expressed this optimism at Consensus 2024 when asked about the launch of Bitcoin (BTC) ETFs and the potential they hold for Wall Street. She cited the resources they have already brought to the market. “We’ve been having conversations with the SEC for more than six years about Bitcoin ETFs,” Martin said in an interview. “I think you can’t argue with the success…

Bitcoin’s current landscape echoes mid-2020, CryptoQuant CEO says

The head of blockchain analytics firm CryptoQuant Ki Young Ju says the current volatility and on-chain activity resembles the timeframe when Bitcoin was trading at $10,000. According to Ki Young Ju, the current landscape of Bitcoin‘s price development resembles that of the mid-2020 timeframe, during which the largest cryptocurrency by market value remained around the $10,000 mark for several consecutive months before surging beyond the $60,000 mark. In an X post on May 31, the CryptoQuant CEO noted that despite the relatively low price volatility, on-chain activity remains robust, with…

Bitcoin’s Upside Momentum Fading: What’s Next for BTC?

Bitcoin price started a recovery wave from the $67,000 zone. BTC is now struggling to clear the $68,800 and $69,500 resistance levels. Bitcoin remained stable above the $67,000 zone and recovered higher. The price is trading above $68,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $67,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $68,800 level. Bitcoin Price Faces Resistance Bitcoin price…

Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles 

Amidst the backdrop of this year’s skyrocketing BTC transaction fees and a congested network, the latest Binance Research report, “The Future of Bitcoin #3 – Scaling Bitcoin,” unveils several approaches to addressing Bitcoin scalability. As average onchain fees have climbed in 2024, Binance researchers say stakeholders across the ecosystem are poised to redefine Bitcoin’s infrastructure […] Original

Analysts say Bitcoin’s hashrate surge will ‘smack miners’

Crypto mining analytics firm Hashrate Index says public Bitcoin miners are energizing their ASIC orders on schedule. Bitcoin miners are about to face a “hefty upward difficulty adjustment” in eight days as public mining giants accelerate their operations. According to analysts at Hashrate Index, top public miners have 76.6 EH/s of equipment on order for 2024, with 12.9 EH/s scheduled for delivery in Q1 and nearly 36 EH/s expected in Q2. “[…] the current surge in hashrate is going to smack miners with a hefty upward difficulty adjustment in about…

Insights into its impact on Bitcoin’s ecosystem

Andreas Brekken, founder of SideShift.ai, recently shared his insights on the emerging Runes Protocol and its implications for the Bitcoin ecosystem. Crypto.news received exclusive comments via email on Brekken’s views about the Runes Protocol, which gained hype and popularity during the recent Bitcoin Halving. The Runes Protocol, which utilizes the Bitcoin UTXO model without adding a secondary fee token, offers a streamlined approach to token standards that could improve transaction efficiency and lower costs. “The Runes standard improves on previous models by sticking to Bitcoin’s UTXO model and not adding…