Bitcoin (BTC) Price Target at $55,000 as Price Dumps to $64,000

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Standard Chartered Raises Bitcoin Target: BTC Could Hit $150K This Year, $250K Next Year

Standard Chartered has raised its bitcoin forecast, predicting that the cryptocurrency’s price could reach $250,000 next year and $150,000 this year. The bank also adjusted its ether forecast as it anticipates the approval of a spot ether exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in May. Standard Chartered’s Revised Bitcoin Price […] Source BitcoincryptoexchangeExchanges CryptoX Portal

A Journey To $5 Million Per BTC In The Next Decade

PlanB, a popular name within the Bitcoin community, thanks to his Stock-to-Flow (S2F) model, has shared the latest discourse on X, igniting a flurry of excitement and speculation. This discourse particularly highlights BTC’s potential journey through successive halving cycles. PlanB’s analysis, deeply rooted in the S2F model, presents a narrative for Bitcoin’s future. This model scrutinizes the correlation between an asset’s existing reserves (stock) and annual production (flow) and lays the groundwork for PlanB’s bold predictions. Navigating Through Predictions: A Community Aweigh According to the model, the forthcoming halving cycle spanning…

Profit-Taking Panic? Short-Term Bitcoin Holders Sell Off – What’s Next For BTC?

Recent on-chain data highlighted a significant trend: a wave of profit-taking by investors who have held Bitcoin (BTC) for less than five months. As detailed by CryptoQuant’s latest data, this phenomenon is not just a random market movement but an echo of patterns observed at the zeniths of previous bull markets. Profit-Taking Among Short-Term Bitcoin Holders Signals Market Shift According to CryptoQuant, the Spent Output Profit Ratio (SOPR), a key metric in evaluating the profit and loss of Bitcoin transactions over a specific period, showcases a pronounced uptick indicative of…

Here’s How Much BTC They Pulled From Exchanges

The Bitcoin price movement last week revealed a series of ups and downs, from starting the week at a new all-time high of  $73,780 to crashing 12% in the days after to reach below $65,000. Crypto data analysts have spotted massive amounts of Bitcoin being withdrawn from major exchanges during the period of uncertainty, indicating that large investors anticipate further price appreciation.  According to a social media post by crypto analyst Ali Martinez, the total BTC balance on crypto exchanges fell by over 21,400 in the past week, with the…