Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’
Analysts say Bitcoin whale wallet accumulation and persistent dip-buying by institutional investors signal that BTC price has plenty of room to appreciate. Bitcoin (BTC) bulls finally mustered enough strength to push the top-ranked cryptocurrency through the $60,000 level and citing key on-chain metrics, analysts believe the bull run has a ways to go before reaching any considerable resistance.Since pushing back above $50,000 on March 9, every dip in Bitcoin price has been quickly purchased by institutional investors and the BTC balance of whales has also continued to grow over the past....
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On March 11th, Bitcoin reached $57k, just below its all-time high, after falling to a low of $43k in February. Today, the coin hit $62,000. With Bitcoin managing to regain the lost ground in such a short period of time, analysts remain bullish on the future of the asset’s price. While after the initial 2017 crash, Bitcoin regained much of its price loss quickly – only to lose more than 80% of its value in […]
Crypto expert Willy Woo has predicted that Bitcoin will still make significant moves to the upside. He made this claim based on an indicator that suggests crypto investors are still willing to buy the flagship crypto at higher prices. Related Reading: Filecoin On Fire: Analyst Torches Doubters With $15 Target Bitcoin Still Has “A Lot Of Room To Run” Woo mentioned in an X (formerly Twitter) post that Bitcoin still has a lot of room to run before the flagship crypto experiences a reversal or consolidation. To support his bullish sentiment, he shared a chart highlighting Bitcoin VWAP....
Bitcoin has consolidated around $10,700 over the past number of days after hitting $10,200 early this week. The coin just surged higher in tandem with a positive open in legacy markets. The price of BTC is now $10,900, the highest price in around a week for the leading cryptocurrency. Analysts think that Bitcoin may have room to extend to the upside as it recaptures resistances in the high-$10,000s. During the move higher, millions were liquidated […]
Gold might be the next milestone for Bitcoin as there appears to be little that can stop the current ‘bull run’ as price has broken the $1,100 mark. Yet Another Milestone. And the beat goes on! It is clear that there is little that can stop the ‘bull run’ Bitcoin is on right now, as Bitcoin price has passed $1,100 just 72 hours after reaching four figures on New Year’s Day. This epic push towards new all-highs has been in the makings for a long time. The first major push began on Election Night, November 8th, 2016, in the United States. When it became clear that Nationalist Donald Trump....
The investment round, which was led by Runa Capital and RTP Global, will go toward funding its decentralized blockchain network. TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital. The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding mechanisms. Dmitry Chikhachev, a general partner at Runa Capital, said TON Labs is the only blockchain company to receive....