On-Chain Expert Predicts $162K Bitcoin Peak This Cycle
Bitcoin continues to beat expectations this year. Despite most investors speculating the bull market was already over, the digital asset has posted another rally that shows that the market might in fact still be in a bull cycle. The last two weekends have seen bitcoin prices adding at least $4,000 in the span of three days. Breaking what has been a slow and brutal downtrend cycle in the market for the last month. Now, on-chain expert Willy Woo was on the podcast What Bitcoin Did to talk about the price of bitcoin and give his predictions regarding the price. Woo, for one, does not believe....
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Bitcoin has recently lost momentum following the rally that occurred over the past week. The digital asset had seen gains of over 20% while the entire market followed suit and showed massive gains all across the board. Bitcoin had spent 9 consecutive days closing in the green for the first time in a decade. As the cryptocurrency sees slowing momentum, the price has experienced various dips that have driven the price down. After the asset had jumped over $42,000 for the first time in over a month. With this slowdown, it seems that the rally has come to its end. But on-chain data shows that....
Pantera CEO Dan Morehead has recently revealed his predictions for the price of bitcoin going forward. The CEO runs Pantera Capital, which runs the first bitcoin fund that was launched in the United States. Pantera’s bitcoin fund was launched in 2013, back when the digital asset was worth only $65 per coin. Given the impeccable timing of when the fund got into bitcoin, it is not surprising that the founder’s thoughts are taken seriously in the cryptocurrency space. The fund continues to see continued support as more institutional investors are getting into the digital asset. Seeing the....
November has kicked off on a negative note for crypto prices, with Bitcoin (BTC) briefly dipping toward $105,000 on Monday. This decline has sparked a renewed sense of bearish sentiment among investors, and experts caution that conditions could worsen in the coming days. November Deadline Approaches Market expert CryptoBirb recently expressed concerns on social media platform X (formerly Twitter), noting that the market is already ten days into a bearish cycle. According to CryptoBirb, diving into on-chain data, the more alarming the picture appears. Related Reading: Solana Price Drops....
A crypto analyst has presented a new analysis, forecasting Bitcoin’s (BTC) next all-time high and potential market bottom. According to the analyst, BTC’s long-term price outlook could depend heavily on where its current market bottom forms. The analysis draws on historical cycle patterns and bear markets that preceded BTC’s explosive upward rallies. Based on these patterns, the expert projects that if BTC has found a bottom near $60,000, then the next likely top could be around $200,000. Bitcoin Cycle Analysis Points To Final Market Bottom Crypto market expert Ardi has shared a new....
Popular Bitcoin model Stock-to-Flow (S2F) shows BTC has touched a trend line that has historically sent the crypto flying. Bitcoin Touches S2F Deflection Trend Line As pointed out by a crypto analyst on Twitter, BTC seems to have just touched a lower S2F deflection trend line. The S2F or Stock-to-flow Bitcoin model helps in predicting the price of BTC. The method has proved to be remarkably accurate so far, besides a few points of deviation. S2F model is based on the ratio between the stock (supply) and the flow (annual production). The model can be applied to any asset, not just BTC. A....