Tag Archives: Bitcoin (BTC) Price

Bitcoin (BTC) miners have suddenly begun offloading their BTC holdings to crypto exchanges, signaling a potential reversal of months of upward price momentum. Per a Sunday post from SignalQuant – an author for Bitcoin analytics firm CryptoQuant – paying attention to short-term miner behavior may be necessary for “wise investment.” The Meaning Of Miner Deposits Miners are the first recipients of all new BTC issued by the Bitcoin network, as well as all transaction fees paid by...

TL;DR Bitcoin’s Bullish Forecasts: Enthusiasts and experts, including Adam Back, envision Bitcoin surpassing gold’s market cap, with potential peaks reaching as high as $700,000 per coin. Bearish Perspectives and Risks: Contrarily, figures like Peter Schiff express skepticism, cautioning about a potential bubble and decline in Bitcoin’s value, especially with the launch of a spot Bitcoin ETF. Bitcoin’s Strong Performance in 2023: Despite challenges, including banking crises...

Bitcoin’s price has been consolidating for a while now, failing to continue the significant bullish momentum observed over the past few months. Yet, things are still looking positive for BTC in the short term. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been aggressively attacking and breaking through resistance levels one at a time. Yet, the market is currently consolidating above the $40K level as the bullish momentum has faded away....

Apple, which announced its Vision Pro headset in June, saw its share price grow by 55% in 2023. Meanwhile, Amazon stock gained 79% as its AWS division pushed for AI-focused products. But these leading “Magnificent Seven” tech stocks did not make it into the top ten by yearly returns for 2023. The tech industry stocks that did were all Bitcoin mining stocks. Moreover, Wall Street’s top ten performers this year included not one, not two or three, but four Bitcoin mining...

2023 is at its end and can be easily categorized as a positive year for the cryptocurrency sector, especially its end. Many digital assets recorded triple- and even quadruple-digit gains, which leads to the question of what could happen in the next 12 months. According to a popular AI chatbot – Perplexity – several altcoins, alongside Bitcoin, stand out as the ones to watch in 2024. Will 2024 Be the Year of Bitcoin? As reported earlier, the primary cryptocurrency outperformed...

It was another challenging year as one war continued without an evident conclusion (Russia-Ukraine), and another one broke out in the Middle East. Numerous countries are trying to fight off the increasing inflation, some with bigger success than others. With just hours left of 2023, it’s interesting to compare the performance of the world’s largest stock market indexes, gold, which typically performs better during uncertain times, and Bitcoin – an asset that has been...

As altcoins surge in various directions, it’s noteworthy that the market has not undergone a 25% drawdown in the past 12 months for 234 consecutive days, marking the lengthiest streak since 2011. Even as altcoins continued to fly across the board, Bitcoin has emerged as a winner and one of the top-performing crypto assets so far. Data also suggest that Bitcoin currently holds the top position among blockchain networks in terms of transaction fees over the past seven days....

The rise and triumph of the Ordinals in 2023 have provoked the ire of Bitcoin maximalists. The surge in transaction fees, in particular, has heightened tensions between the two factions of the Bitcoin community. In an unexpected turn of events, a contributor to Taproot Wizards, a collection featuring inscriptions by Bitcoin Ordinals, claims to have devised a method for Bitcoin enthusiasts to disapprove of Ordinals inscriptions. Script to Reject Ordnals on Bitcoin According to...

Bitcoin’s price surge has come to a halt following a consistent rally over the last couple of months. Investors and traders are uncertain whether the trend is about to reverse or is only going through a short-term consolidation. Technical Analysis By TradingRage Bitcoin Price Analysis: The Daily Chart On the daily chart, the price has been making higher highs and lows since the rebound from the $20K level back in March. Several resistance levels have been broken to the...

TL;DR Bitcoin’s Recent Surge: Bitcoin’s value increased from around $16,500 to nearly $44,000 this year, with predictions of a strong year-end based on historical Q4 performances. SEC’s Pending Decision: The US SEC’s decision on spot Bitcoin ETF applications, expected in Q1 next year, could significantly impact Bitcoin’s price. Key On-Chain Metrics: Increased BTC open interest suggests potential volatility, while positive exchange netflow indicates a possible rise in selling...