As Bitcoin (BTC) sets its sights on reclaiming the $100,000 mark, a trading expert has warned that the cryptocurrency is likely to face further correction later in the year and could potentially crash to $60,000. In this context, a TradingView analysis shared on January 16 by TradingShot was based on a long-term cycle model that
Even though Saturday has started bearishly, most of the coins are back in the green zone, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has risen by 0.8% over the last 24 hours. On the hourly chart, the rate of BTC has made a false breakout of the local resistance at $95,537. However, if
Key Takeaways Steak ‘n Shake’s Bitcoin holdings have grown to $10 million following a dramatic sales rise. The chain rolled out Bitcoin payments via the Lightning Network across all US locations last May. Steak ‘n Shake announced today that its strategic Bitcoin reserve has grown by $10 million after pledging to build its reserve using
Popular fast-food chain Steak ‘n Shake announced it added $10 million worth of bitcoin to its corporate treasury this week, continuing its push into crypto after eight months of accepting BTC payments at all its U.S. locations. The company said on social media that the move is part of a “self-reinforcing” cycle: customers pay in
Bitcoin may be replaying a market structure that historically preceded one of its most powerful rallies. A high-timeframe trader has identified a fractal that closely mirrored Bitcoin’s behavior ahead of the 2021 bull run. He argues that the current cycle is unfolding in line with a well-established structural script observed across multiple market cycles spanning
The American fast-food chain has made a $10 million Bitcoin purchase for its Strategic Reserve to deepen the integration of the cryptocurrency into its business. Steak ’n Shake made the announcement on Saturday through the company’s official X account, eight months after it began accepting Bitcoin payments in its US restaurants. The rollout began in
The CEO of Jan3 and long-time advocate for Bitcoin, Samson Mow, stirred discussions across the crypto community again following his confidence about Bitcoin’s long-term potential. On Saturday, Jan. 17, Samson Mow took to X to make a bold and ultra bullish statement for Bitcoin, underestimating the common 10x projections from analysts. Bitcoin to surpass 10x
Sentora’s terse X post on Friday cut to the chase: “This week saw a massive shift towards BTC accumulation with -$1.65 billion in net outflows from exchanges. This indicates a strong preference for cold storage holding, effectively creating a supply shock that removes significant liquidity from the sell-side order books.” The datapoint, echoed by the