Bitcoin (BTC) has had a strong week so far, climbing 7% since Monday as election season ramps up the hype in the crypto market. Historically, presidential races tend to shake up crypto – and traders are ready to seize the moment. While BTC’s rally is grabbing attention, Pepe Unchained (PEPU), a new meme coin in […]
BTC price gains are seen continuing after a brief support retest, but it is the lack of interest or market overheating causing the real stir.
Recent data shows spot bitcoin ETFs pulled in a hefty $870.02 million, while spot ethereum ETFs attracted $7.65 million in inflows. Crypto ETFs Surge as Bitcoin Nears All-Time High Values Crypto ETFs have delivered solid returns over the past two weeks according to stats collected by sosovalue.xyz. On Tuesday, as bitcoin (BTC) hovered near its […]
Crypto analyst Tony Severino has said that the Bitcoin price is approaching the strongest part of the bull run. Based on his analysis, Tony provided insights into how high the flagship crypto could rise as it approaches its peak in this market cycle. Bitcoin Price Target For Strongest Part Of This Bull Run Tony revealed in an X post that the Bitcoin price could reach a market top of $133,000 in this bull run. He explained that the BTC 2-month Relative Strength Index (RSI) is approaching 70, which has ignited the strongest part of every past bull run. In 2012, this led to a price surge of 11,000%. Meanwhile, it led to a price rally of 2,700% and 437% in the 2016 and 2020 bull run, respectively. Related Reading: Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next? The analyst noted that each peak in the successive bull run has been roughly around 20% of the previous cycle peak. Therefore, 20% of the 437% rally recorded in the 2021 bull run will put the Bitcoin price at this $133,000 price target. A potential rise to this target would give those buying BTC at its current price level a return of around 87%. Crypto analyst Ali Martinez also suggested buying the Bitcoin price as this level may not be a late entry. In an X post, he explained that the Market Value To Realized Value (MVRV) ratio has crossed over its 365-SMA (Simple Moving Average), a development that often signals major bull rallies. He added that this golden cross has just happened again. The analyst’s accompanying chart showed that the Bitcoin price increased by 236% the last time this happened. Therefore, this indicates that despite the recent rally above $73,000, there is still so much upside for the flagship crypto in this market cycle. BTC Could Rise To $462,000 Ali Martinez provided a more bullish outlook for the Bitcoin price than Tony regarding how high the flagship crypto could rise in this bull run. In an X post, he noted that BTC peaked between the 1.618 and 2.272 Fibonacci retracement levels in the past bull cycles. Related Reading: Analyst Says XRP Price Is Ready For A Breakout As Metrics Turn Bullish, What To Expect If the Bitcoin price were to follow a similar pattern, Martinez remarked that the next BTC top could land between $174,000 and $462,000. Predictions on what could mark the top for Bitcoin in this market cycle continue to differ, although the consensus remains that the flagship crypto would rise above $100,000. Experts like Standard Chartered have even predicted that the Bitcoin price could rise above this $100,000 target this year if Donald Trump wins the US presidential elections. At the time of writing, the Bitcoin price is trading at around $72,300, up almost 2% in the last 24 hours according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
This week, bitcoin (BTC) is enjoying an 8.5% lift against the U.S. dollar, while ethereum (ETH), the second-largest digital currency, remains relatively quiet by comparison. Bitcoin and Ethereum: One’s Soaring While the Other’s Struggling It’s an exciting time in crypto. BTC came close to breaking its all-time high of $73,794, nearly hitting $73,600 per coin […]
John Ray, who took over as FTX CEO in November 2022, suggested Nishad Singh’s cooperation in the firm’s bankruptcy would be “important to maximize recovery” for creditors.
Frustrated users claim Off The Grid is becoming “unplayable” due to cheating, with some warning it “will die” if the problem isn’t fixed.
submitted by /u/finishos [link] [comments]
Explore World Network, World ID and how Orb protects personal data with secure biometric verification.
Imagine your retirement fund is 32 ETH, you run a solo home validator to secure the network and get staking rewards. Imagine years from now a nation state develops a worm virus targeting Ethereum validators (be it by network scanning or by infecting the PCs/Laptops/etc of people who run validators where it can then infect…
Read more
