Bitcoin, the leader in the world of cryptocurrencies, has set a ‘Bitcoin new record’ by witnessing a price increase to $38,400. This significant achievement can be attributed to various factors, including the expected approval of the BlackRock Bitcoin Spot exchange-traded fund (ETF) and rumours surrounding BlackRock’s impact on Bitcoin’s price through substantial buying pressure on Coinbase. This record-breaking achievement has not only elevated Bitcoin’s value but also led to a rise in other pr
Bitcoin has been exhibiting a strong bullish trend, with buyers’ dominance pushing the price to a significant resistance level around $35K. This trend, evident from the start of 2023, has been marked by an ascending channel pattern of higher highs and lows. However, a temporary market correction seems plausible due to the rapid price surge.
On a daily analysis, Bitcoin’s upward momentum has seen it surpass its previous significant daily swing high at approximately $31.8K, leading to a n
In today’s cryptocurrency news, Matrixport, a cryptocurrency trading firm co-founded by Bitmain’s Wu Jihan, has reiterated its prediction that Bitcoin will surge to $45,000 by the end of 2023. This prediction was initially made earlier in 2023 and was further reinforced in a recent blog post.
Matrixport had earlier accurately predicted several market trends, including a surge in the Bitcoin market in October. The firm attributes this surge to the excitement surrounding potential approva
An anonymous cryptocurrency analyst from the YouTube channel InvestAnswer has highlighted the potential of Bitcoin (BTC) to surpass gold and silver in market capitalization within the next decade. The analyst emphasized the underlying differences between Bitcoin and these traditional safe havens, particularly the ability to verify Bitcoin holdings as opposed to the risks associated with paper versions of gold.
The analyst further highlighted the potential for price manipulation by fina
According to macro-economist Henrik Zeberg, Bitcoin and other risk assets are primed for a significant move, based on the BTC/SPX Ratio. This indicator compares Bitcoin’s performance to the S&P 500 index (SPX), and Zeberg believes that the Bitcoin uptrend is just getting started. Recent dips in September could offer opportunities for traders to accumulate.
The BTC/SPX Ratio, an indicator that evaluates the relative performance of Bitcoin and the stock market, is currently rising