Bitcoin BTC$103,508.20 has faced a challenging few weeks, retreating sharply from its record highs and weighing on the broader market, including ether ETH$3,526.49, XRP$2.3078, solana SOL$162.78 and others. However, there’s a compelling reason to expect the cryptocurrency to stay above the pivotal $100,000 level and rally this week, and it’s tied to a positive shift
Economist Peter Schiff, known for his anti-cryptocurrency views, called for investors to sell Bitcoin, calling for it to trade at $100,000 as “an opportunity not to be missed.” Schiff argued that the current price is not sustainable in the long term, that these levels may not be seen again in a lifetime, and argued that
Strategy (formerly MicroStrategy) founder Michael Saylor, one of the biggest institutional advocates of Bitcoin (BTC), has once again shared Bitcoin Tracker data, posting the message “₿est Continue.” Historically, Saylor’s posts often come just a day before the company announces a new BTC purchase. This has quickly spread speculation that a new Bitcoin hoarding campaign could
As Bitcoin (BTC) struggles to maintain its price above the $100,000 mark, on-chain data indicates that the asset is likely to experience more volatility, especially considering that a long-term holder identified as Owen Gunden might be preparing to sell. Analysis of his transactions shows that Gunden transferred his remaining 3,549 BTC, valued at approximately $361.84
The long-term power-law model for Bitcoin’s price growth suggests that the digital asset appears positioned like a “coiled spring” ready to release, with the current trading range indicating potential upside ahead rather than downside risk. Writer and analyst Adam Livingston, who has also utilized the BTC power law –that places it at a “fair value”
Odious financial commentator Peter Schiff has urged Bitcoin holders to sell the leading cryptocurrency above the $100,000 level, describing this as an “incredible” opportunity. “If you own Bitcoin, hurry and sell it now, while the price is still above $100K,” Schiff said in a recent social media post. Earlier this month, as reported by U.Today,
Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash. In a post shared on X on Sunday, Kiyosaki warned of an impending economic downturn but said he’s preparing for it
Coinbase Institutional’s latest monthly market outlook report notes that significant deleveraging has occurred in the crypto market following the massive liquidation wave on October 10, which may have created a short-term bottom. According to the institution, the market “reset, not broke” and an upward trend may emerge in the coming months as the leverage structure
Alex Thorn, head of research at Galaxy Digital, one of the leading institutional investors in the cryptocurrency market, told CNBC that he significantly lowered his year-end price target for Bitcoin but maintained his long-term optimism. Thorn announced that he has lowered his year-end Bitcoin price target to $120,000, having previously set it at $185,000. This
Bitcoin’s November return currently stands at -6.55%, according to Coinglass data. This performance is well below BTC’s average November return of +42.49% since 2013. Data shows that November has historically been a strong month for Bitcoin. In eight of the last twelve years, Bitcoin has seen a November rally, while in only four years has