Despite recently reaching a new all-time high of over $70,000, crypto analyst Michaël van de Poppe is confident that there is still room for significant upside moves in the price of Bitcoin. He believes that the current value of Bitcoin is heavily undervalued and that there is potential for even higher numbers in this cycle.
Bitcoin
Bitcoin price recently experienced a 10% drop after hitting an all-time high of $69,000, thanks to the influx of money from investors into BTC Spot Exchange-Traded Funds (ETFs). However, the volatility in the cryptocurrency’s value led to a rebound to $68,000, sparking positive sentiment and predictions of a potential rally. Cryptocurrency analyst Matthew Hyland has
A recent report has shed light on the total amount of Bitcoin assets held by Elon Musk’s companies, Tesla and SpaceX, as well as the profits they have generated thus far. Arkham Intelligence, an AI-based blockchain analytics platform, disclosed the Bitcoin holdings of both SpaceX and Tesla, two companies co-founded by Elon Musk. The report
Cryptocurrency enthusiasts are abuzz with excitement following the optimistic prediction made by well-known analyst Willy Woo regarding the future of Bitcoin (BTC). Woo, who has a track record of accurate forecasts, believes that a significant surge in the value of Bitcoin is imminent. This prediction is based on the recent approval of spot Bitcoin ETFs,
The recent surge in the price of Bitcoin sparked excitement among crypto traders as the cryptocurrency surpassed its previous all-time high. However, this euphoria was short-lived as Bitcoin experienced a significant dip shortly after reaching new heights. On-chain data has revealed an interesting scenario that contributed to the selling pressure leading to the crash. The
The price of Bitcoin experienced a pullback recently after reaching the $69,000 mark, causing bearish sentiment in the crypto market. Several predictions from top analysts suggest a further decline in the price of Bitcoin. Crypto analyst and trader Ali Martinez highlighted indicators that point towards a continuous retracement in price. Martinez shared his projections on
In recent days, Bitcoin has experienced an unprecedented surge in value, reaching a two-year high and approaching its all-time record of $69,000. The cryptocurrency peaked at $68,800, with the current trading price hovering around $67,980. This surge has been fueled by a flood of capital entering the market, driving Bitcoin up by 6.6% daily and
In recent days, Bitcoin has been on an upward trajectory, with its price crossing the $64,000 mark. Cryptocurrency analyst Ali Martinez has shared some insights on the short-term price action of Bitcoin, specifically highlighting a crucial support level between $61,100 and $61,800. This support area, created by more than half a million Bitcoins being transacted
The month of February was monumental for Bitcoin, with its value surging by over $18,000. This impressive performance has spilled over into March, pushing the Bitcoin price past the $65,000 mark for the first time since 2021. Many analysts, including Markus Thielen, the head of research at Matrixport, are optimistic about Bitcoin’s future price trajectory.
The recent reports indicating a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have sent shockwaves through the market. With only about 40 BTC reportedly available for sale at one point, this scarcity has raised concerns and sparked discussions within the crypto community. Noted figures like Caitlin Long and Samuel Andrew
Hunter Horsley, the CEO of Bitwise, has recently made a bold prediction about the future of Bitcoin. He believes that the cryptocurrency has the potential to reach $250,000, which is more than four times its current price of $62,000. Horsley is highly optimistic about Bitcoin’s bullish outlook and foresees that it could rival gold in
Bitcoin (BTC) has surged by 5% in the past day, bringing it closer to the highly sought-after $60,000 mark. This rapid increase in price is attributed to a surge in investor interest, reaching levels not seen since the 2021 boom in the cryptocurrency market. The demand for spot bitcoin exchange-traded funds (ETFs) has also played
The Bitcoin Fear & Greed Index has recently surged to its highest level in almost three years, reaching Extreme Greed at a rapid pace. This index serves as a tool to measure investor sentiment and their outlook on the market. It helps to determine whether investors are injecting funds into the market or pulling them
As the price of Bitcoin seems to be stabilizing and the markets show signs of uncertainty, there is a divide in the community regarding the future of BTC. Some predict an impending crash, while others foresee a potential for further upward movement. One notable figure, Crypto Jelle, recently made a bold prediction on social media