Tag Archives: Bitcoin (BTC) Price

2023 is here, and with that comes an influx of predictions regarding the price of Bitcoin during the year. The past 12 months have been particularly devastating for the cryptocurrency, which lost upwards of 70% of its dollar value. That said, many seem to be quite optimistic about the short-term future of BTC. Here are four great and one not-so-much predictions for 2023. Tim Draper Says BTC to $250K Tim Draper is perhaps one of the most outspoken and prominent Bitcoin...

The price of bitcoin took a massive hit in 2022, dropping by more than 50% in 12 months. However, the crypto analytics platform Santiment believes there’s more bad news incoming in the new year. The company based its rather bearish prediction on the BTC whales’ activity. BTC Whales Are Net Sellers Santiment began its 2023 prediction analysis by highlighting the significance of BTC whales’ behavior for the asset’s price movements. This is somewhat expected since these types of...

The last week of 2022 ends with a bang but not in terms of price action, which remains as dull as possible. However, it was marked by multiple events, so let’s dive in. First things first, Michael Saylor’s MicroStrategy seems far from being done with buying BTC. The company revealed another purchase of more than 2,000 bitcoins, bringing its total to more than 132K. It’s also worth noting, though, that the company also sold around 700 BTC for the first time ever – for tax...

Bitcoin’s price has been confided by a very tight price range between the 50-day moving average and the ascending trendline. Considering the importance of this price range, the breakout’s direction should determine the mid-term perspective of the cryptocurrency’s path. Technical Analysis By Shayan The Daily Chart Bitcoin’s price started recovering after the significant crash toward $15K in mid-November. However, the rally didn’t last long and was halted at the $18K resistance...

Bitcoin’s price has been oscillating in a very tight range heading into the new year’s holidays, offering little clue on the direction of the next significant move. Nevertheless, the market remains in a very decisive area, and its fate could be revealed in the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been grappling with the 50-day moving average around the $16,700 mark for a while now but is yet to break it in any...

Bitcoin continues to print minor daily fluctuations as the price consolidates inside a tight range with low volatility. Currently, the price is testing a significant resistance area, and in case a rejection takes place – BTC is likely to retest lower-price areas. On the other hand, a breakout could lead to a mini-rally. Technical Analysis By Shayan The Daily Chart Bitcoin has failed to sustain above the 50-day and 100-day moving averages over the last few months. Most...

Valuations in the cryptocurrency market have dropped significantly from their all-time highs, with the total market capitalization losing around $2.2 trillion – a decline of around 73%. Many altcoins, including some from the large caps, have lost over 90% of their value since their all-time highs, and industry participants are scrambling to time the bottom. In light of the above, crypto analytics resource Nansen released a report that identifies systematic patterns in crypto...

Quite a lot has been going on in the cryptocurrency industry over the past seven days, but most of it failed to impact the price action,Week’s remains rather dull. Can’toin is trading below $17K, down about 2.9% in the past seven dParents’ble to recover the coveted level. The volatility has seemingly disappeared from the market, but that’s not necessarily truparents’e altcoins. All of them are trading in the red, with the most considerable loss being that of Cardano which...

The US Personal Consumption Expenditures price index (PCE) increased by 0.1% in November compared to October and by 4.7% compared to a year ago. As the world’s most powerful economy made the announcement, BTC reacted with minor price volatility. The US Commerce Department outlined the PCE increase on Friday. The metric is typically the go-to point for the Federal Reserve, as it provides a clearer picture of consumer prices. The 5.5% jump in the Core PCE (which includes food...

DataDash founder a veteran crypto analyst Nicholas Merten predicts more pain ahead for Bitcoin’s price based on a combination of technical indicators and macroeconomic pressures.  The analyst referenced price charts for three different assets to back up his claim: BTC, ETH, and AAPL.  Where Bitcoin’s Price Will Crumble In a video published on Wednesday, Merten began by pointing out how Bitcoin remains suspended well below its 200-week moving averages (WMA) and 200-day moving...