Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst
A “big announcement” tied to US President Donald Trump’s Bitcoin reserve is expected within weeks, according to White House crypto advisor Patrick Witt, who made the statement at the Bitcoin Conference in Las Vegas earlier this week. Related Reading: US CLARITY Act Moves Closer To Law After Surprise Stablecoin Yield Update Bitcoin: Market Momentum, Not Messaging The timing of that potential announcement comes as Bitcoin sits well below the $100,000 mark — a level it has not touched since mid-November. The cryptocurrency dropped to a yearly low of $60,000 in February....
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Fewer derivative traders are placing new bets on Bitcoin right now. Open interest has barely moved — up just 1.50% to $55 billion — and more futures positions closed than opened in the past 24 hours. Volume dropped 21% to $30 billion. The market is waiting. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst Sellers Have Had The Upper Hand For Over A Year The waiting may be approaching an end, according to on-chain data firm CryptoQuant. Analyst Moreno published findings showing Bitcoin is nearing a test of two key metrics that have defined its market....
Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst TD Sequential Highlights Critical Bitcoin Support In an X post on May 2, seasoned market analyst Ali Martinez postulates that Bitcoin could soon endure another wave of price correction, following the latest TD....
XRP is trading in a quiet range between $1.38 and $1.40, but new derivatives data indicates the calm may be masking a more unstable setup beneath the surface. A CryptoQuant analysis by Pelinay shows that XRP’s leverage structure is low and moving sideways, while its price action has been relatively higher than the leverage, and this has created a divergence that history has shown to resolve through a forceful explosive move. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst XRP Holds Strong Despite Sharp Decline In Leverage Ratio The CryptoQuant....
Bloomberg Intelligence senior commodity strategist Mike McGlone has affirmed his bitcoin price prediction of $100K, seeing $5K for ethereum as the path of least resistance. He expects the crypto market to thrive in a “refreshed bull market.”
Cryptocurrencies Poised to Thrive, Bull Market Revived
Commodity strategist Mike McGlone discussed his price predictions for bitcoin and ethereum in the September edition of Bloomberg Crypto Outlook, published Friday.
“Crypto-assets appear in a revived and refreshed bull market with the 2H benefit of a steep....
Ripple’s own top engineer has thrown cold water on one of the XRP community’s most persistent theories — that the company’s 1,700 non-disclosure agreements are hiding secret, large-scale adoption plans. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst Chief Technology Officer David Schwartz said those NDAs are standard business practice and that claims of massive undisclosed events are “almost always completely false.” No coordinated government plans. No hidden catalysts. Just routine confidentiality agreements. What....