Tag: Bullish

Bitcoin ETFs See Three Days Of Bullish Inflow

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The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further bolstered by three consecutive sessions of net inflows into these investment vehicles. Bitcoin ETF Inflows Signal Long-Term Investor Appetite A recent dip in ETF activity sparked fears that the initial excitement might be short-lived. However, those fears have been quelled by a resurgence in inflows. According to data from SoSoValue, yesterday saw a net inflow…

Bitcoin Recovery Rally: Breaking Through This Level Is Key To Bullish Momentum

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Over the past week, Bitcoin (BTC) has struggled to move significantly to the upside as the leading cryptocurrency has entered a consolidation phase below the $69,000 mark. This subdued volatility departs from Bitcoin’s usual fluctuations, raising speculation about a potential stagnation phase in its market trajectory. Anticipation Builds For Bitcoin’s Next Rally The cryptocurrency community has closely monitored Bitcoin’s movements, especially as it approaches crucial resistance levels. Insights from prominent crypto analyst Captain Faibik shed light on Bitcoin’s current outlook. Captain Faibik suggests that Bitcoin could be on the brink…

Crypto Analyst Predicts ADA Price Crash To $0.34, Why Is Cardano Founder Bullish?

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Cardano (ADA) is again in the spotlight as crypto analysts continue to deliberate on its future trajectory. This time, crypto analyst Alan Santana has laid out a bearish narrative for the crypto token, which could cause its price to drop drastically.  How ADA Could Crash To $0.34 In his analysis, Santana stated that ADA’s breakout below the $0.58 price level, which has acted as support for the crypto token for five weeks, signals a bearish sentiment toward it. In line with this, he suggested that ADA’s price could further dip…

Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation

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Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback. BTC To $82,000 Soon? In an X post uploaded earlier today, crypto analyst Jelle shared his latest view on Bitcoin. According to the analyst, the Bitcoin target “remains the same: $82,000”. It is worth noting that Jelle’s forecast is based on his observation…

Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

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Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem.  The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According to the Bitcoin ETF issuer’s report, activity in the Bitcoin…

Double or Nothing: Proshares Unveils BITU and SBIT ETFs for Bullish and Bearish Bitcoin Bets

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On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […] Original

Bitcoin gains bullish momentum amid declining open interest

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Bitcoin (BTC) has gained a slightly bullish momentum after its fall from the $70,000 mark. The small push comes as the BTC total open interest (OI) plunged by over $1 billion. BTC is up by 0.6% in the past 24 hours and is trading at $66,500 at the time of writing. The asset’s market cap surged to $1.3 trillion with a daily trading volume of $44 billion. BTC price, whale activity, open interest and RSI – April 3 | Source: Santiment According to data provided by Santiment, the total Bitcoin…

Why Is This Analyst Super Bullish?

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Altcoins like Ethereum, Cardano, Solana, and the rest might be lower at spot rates. However, according to one analyst who sees a parallel in the current formation to the 2020 market cycle, they are gearing up for a potential surge.  In a post on X, the analyst says that often, after a period of accumulation and a retest of previous highs, altcoins tend to be volatile. The crypto analyst also notes that Bitcoin has pulled back from its all-time highs and is preparing for a possible retest of this level…

12 Future Bitcoin Scenarios: From Bullish to Bearish

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Johnston gives a quick example. “Let’s say I wanted to earn native bitcoin yield, with no wrapping, no bridges, and no third parties.” This is tough for a layperson. (Not that a layperson would ever say the words “native bitcoin yield,” but you get the picture.) With AI-empowered bitcoin, says Johnston, you could just say something like, “I want my bitcoin to earn some yield in a safe and decentralized manner,” and it would do the research to find solid, reputable, non-custodial solutions, and “not some crap that a YouTube…