Bitcoin chases new high as analyst says ‘smart money never stopped’ buying
Increasing trading volume and demand from institutional investors have analysts expecting a new all-time high from Bitcoin price. The total cryptocurrency market capitalization is back above the $1 trillion level as Bitcoin (BTC) bulls pushed the price back to $40,000 on Jan. 14.Daily cryptocurrency market performance. Source: Coin360Bitcoin price rallied to $40,099 in the early trading hours on Jan. 14 according to data from Cointelegraph Markets and TradingView before pulling back to $39,500. This marks a rapid turnaround from the recent drop below $31,000 and shows that professional and....
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The Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC. Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the sidelines as BTC price surpassed $15,000 this month.In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably....
Crypto analyst Doctor Profit, who called the Bitcoin top, has predicted that BTC could still rally to $200,000, marking a new all-time high (ATH) for the leading crypto. However, the analyst suggested now isn’t a good time to buy as BTC is still likely to drop lower. Bitcoin Still Going To Rally To $200,000 But Will Drop Lower First In an X post, Doctor Profit indicated that Bitcoin would rally to $200,000, but that now is not a good time to buy, as BTC is likely to drop further, presenting a better buying opportunity. He explained that someone who buys at the current price would get....
In a recent X post, market analyst X Finance Bull claimed that buying XRP at its current price above $1 could be similar to purchasing Bitcoin (BTC) at just $200 in its early days, before the pioneering cryptocurrency skyrocketed. The analyst attributes his bullish outlook to a strong belief that XRP could be gearing up […]
In the last week, Bitcoin prices fell to around $65,000, resulting in a net loss of 6.74%. This recent decline underlines the asset’s struggles in March, which, despite periods of attempted price breakout, has witnessed an equal or greater pullback, producing a current net monthly loss of 4.4%. Amid this price instability, the Analytics page Easy On Chain has shared an interesting trend on smart money accumulation in the Bitcoin market. Related Reading: If Bitcoin Should Be Worth $280,000 Right Now, What’s The Real Value Of Dogecoin And XRP? Bullish Market Divergence Dominates Bitcoin....
The brain trust has blessed cryptocurrencies, with endowments for Harvard and other universities reportedly lapping up digital assets. For bitcoin marketeers, it's a new $600B money pot.