Jiang Zhuoer, founder of the China-rooted mining pool $BTC.top, has projected that Bitcoin could fall to $44,016 by late October, citing historical patterns in the cryptocurrency’s four-year market cycle. His analysis suggests that the current bear market has not yet matched previous downturns in either duration or depth, indicating further downside may be ahead. Historical
Bitcoin price approached $65,000 on Aug. 6 as easing concerns over the Strait of Hormuz and improving technical momentum supported its recovery from the low-$62,000 region. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) traded around $64,615 at the time of writing after reaching an intraday high of $64,999. The move extended
Bitcoin is breaking out of a textbook cup and handle at $64,742 on August 6, with spot ETFs already logging their best week since May and a cycle bottom signal flashing on Net Capital Flows. $BTC Breaks the Cup and Handle With RSI Above 50 $BTC Price Action (Source: TradingView) The daily chart shows $BTC
Bitcoin is testing a major resistance zone after its four-hour SuperTrend indicator produced a fresh bullish signal near $64,700. A confirmed move above $65,600 could send $BTC toward $67,000-$69,000, while another rejection would raise the risk of a decline toward $61,300. Bitcoin SuperTrend Flips Bullish Near $64,700 Bitcoin’s four-hour chart shows a fresh SuperTrend buy
Bitcoin ($BTC) institutional investment vehicles have shed 10% of their $BTC holdings since May as analysis warns of a “breaking” sector. Key points: Bitcoin institutional funds see a blanket 10% reduction in holdings over three months. Analysis says that the Bitcoin treasury model is “breaking” as company valuations fall below net asset value. Coinbase premium
One of the crypto market’s most paradoxical yet persistent signals has just flashed again. Bitcoin rose by nearly $2,500 only a few days after longtime CNBC Mad Money host Jim Cramer announced that he was completely exiting the asset because of the so-called quantum threat. While Cramer was protecting his capital, Bitcoin rebounded from a
Bitcoin is about to enter an important liquidity zone where price action and derivatives positioning indicate rising volatility. While downside liquidation pools have mostly been cleared during prior selloffs, the most recent 24-hour liquidation map indicates that liquidity is still highly concentrated above the current market price. Asymmetric setup is formed Over the upcoming sessions,
A key theme this month is not just that bitcoin $BTC$64,577.89 isn’t taking part in the risk-on rally exemplified by stocks, it’s how steady the cryptocurrency has been, to the point that 30-day implied volatility has dropped to a long-held floor of 36%. More often than not, low volatility is taken as a sign of
The leading cryptocurrency, Bitcoin, has shown renewed upward momentum in recent days. At this point, with $BTC once again surpassing $65,000, new assessments for $BTC have come from Jiang Zhuoer, the founder of the China-based mining pool $BTC.top. Accordingly, Chinese founder Jiang Zhuoer argued, based on Bitcoin’s historical four-year cycle, that the current correction has