As investors scan the horizon for early signals of a Bitcoin rally to $1 million, Bloomberg analyst Eric Balchunas has predicted that God candles will become a rarity. While price spikes will be few and far between, Balchunas noted that ETFs and corporate adoption will eliminate vomit-inducing drawdowns for the largest cryptocurrency.
The Bitcoin price has been quite indecisive in its action over the past week, jumping between the $117,000 and $120,000 consolidation zone in that period. The flagship cryptocurrency, however, came tumbling toward the $115,000 mark following massive coin movements toward centralized exchanges in the past day. Interestingly, a prominent market expert has put forward an
Analysts are confident that Bitcoin is on a bullish breakout. They cite a potential uprise towards $130,000, provided it maintains a key support. In addition, subdued capital inflows imply that the rally can still gain further momentum before hitting a cycle where investor sentiment becomes overly optimistic. This cycle is known as the euphoria zone.
After surging to a record high around $123,000 in the second week of July, the Bitcoin price action for the rest of the month has been largely choppy. However, the flagship cryptocurrency dropped to a level just above $115,000 on Friday, July 25. This abrupt decline came with the expected question in the market: Is
A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling
Bitcoin (BTC) will no longer experience “parabolic” price rallies or “devastating” bear markets, because BTC exchange-traded funds (ETFs) have permanently reduced volatility and altered market dynamics, according to Blockware BTC analyst Mitchell Askew. “BTC/USD looks like two entirely different assets before and after the ETF,” the analyst wrote on Friday. The chart he shared showed
BlackRock’s latest report frames de-dollarization as a genuine trend, with gold rising and Bitcoin now entering conversations at the sovereign level. Summary BlackRock’s July report calls de-dollarization a reality, driven by geopolitical stress, inflation, and weakening confidence in U.S. debt. Central banks are accumulating gold at a record pace, with official holdings nearing levels last
Bitcoin’s trajectory is drawing heightened attention from analysts and investors alike as the king of crypto approaches a pivotal price level. Market momentum is building amid rising liquidity, historical patterns, and technical setups pointing toward a potential breakout. With the halving clock ticking and liquidity indicators flashing green, the crypto market may be heading toward
Japanese AI firm Quantum Solutions is set to start investing in bitcoin BTC$117,987.37 through its Hong Kong-based subsidiary, GPT Pals Studio, the company said in a press release. The decision, approved at a board meeting on July 23, includes plans to initially purchase up to $10 million in BTC using borrowed funds. The firm aims
The 80,000 BTC saga comes to an end: Major broker Galaxy Digital just completed the selling of the massive stake via over-the-counter (OTC) deals. CryptoQuant CEO Ki Young Ju unveils that the transaction that shook the crypto world might be associated with a hacked exchange. Satoshi-era investor or exchange hacker? CryptoQuant CEO on 80,000 BTC