Bitcoin’s ($BTC) long-term valuation model, the Bitcoin Rainbow Chart, is suggesting that the cryptocurrency remains below its historical trend valuation as October begins. The outlook comes as Bitcoin failed to reclaim the $90,000 level, a move that could have opened the door to a push toward six-figure valuations. At press time, Bitcoin was trading at
Crypto analyst Dan Gambardello has announced a change in his view on the “four-year cycle” approach, long considered a fundamental point of reference in Bitcoin and the crypto market. Gambardello, who for years used the four-year cycle linked to Bitcoin halving events in his analyses, stated that he now believes the crypto market is primarily
James E. Thorne, Chief Market Strategist at Wellington-Altus, evaluating Bitcoin’s long-term technical outlook, stated that the medium-term trend in the cryptocurrency market has turned bullish again, and the current structure presents a very strong outlook. According to Thorne, Bitcoin’s weekly chart currently points to one of the strongest technical setups in the market. He notes
Matthew Sigel, Head of Digital Asset Research at VanEck, stated that Bitcoin could continue to increase its share of the investment market in the long term, but added that quantum computing is not currently a threat close enough to warrant investors selling BTC. In an interview, Sigel pointed out that the rapid growth in the
$ARK Invest CEO Cathie Wood made noteworthy statements about Bitcoin on the latest “In The Know” program, where she discussed billionaire investor Bill Ackman’s warnings about inflation. Wood argued that despite rising inflation concerns in the markets, technological advancements could create strong disinflation, or even deflation in some areas, in the coming period, while noting
Bitcoin price has slipped toward $84,000 after failing to hold its latest push above $87,000, while daily momentum has weakened and liquidation clusters have formed on both sides of the market. CoinGecko recorded Bitcoin at approximately $84,575 on Oct. 3, with a 24-hour decline of 1.7% and a seven-day gain of 0.8%. Daily trading volume
Galaxy Digital CEO Mike Novogratz believes Bitcoin could finish 2026 near the psychologically important $100,000 level. During his convesatoin wth Anthony Scaramucci on All Things Markets, Novogratz argued that the worst of Bitcoin’s latest downturn may already be over. “I think the 60 print is the low of the cycle,” Novogratz said, referring to Bitcoin’s
Bitcoin’s rally is approaching a $90,000 test as a rare accumulation pattern reappears and sell-side liquidity thins. On Oct. 2, Bitcoin registered an intraday high at $87,000 after buyers broke through a sell wall around $85,000 that had stalled several previous attempts to advance. Glassnode said some of those orders were filled and the remainder
The next 28 days or so are packed with major macro catalysts that could reshape interest-rate expectations and inject fresh volatility into bitcoin and the broader crypto market. After the PCE and jobs data released last week, focus shifts back to the Federal Reserve, which, ahead of the next FOMC meeting at the end of
Several Bitcoin [$BTC] ETF funds began October with outflows. According to Onchain Lens, five funds recorded a combined $24 million in outflows on the 1st of October. However, strong inflows into three other funds more than made up for these losses. $BTC ETFs’ net inflow hit $102M amid mixed sentiment In September, Bitcoin spot ETFs