Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Bitcoin (BTC) faces uncertainty and fear in the market as it struggles to recover from a 10% crash, with short-term holders experiencing increasing unrealized losses and on-chain transactions setting multiyear highs. Traders are cautious about the outlook, but historical patterns and upcoming events, such as the Jackson Hole Economic Symposium, may provide opportunities for recovery.
Bitcoin and Ether rose over 3% to reach their highest prices in a week, while Solana, NEAR, Cardano, Polkadot, and Binance's altcoins also experienced gains, following a surge in traditional markets; however, experts predict that the downtrend in digital assets may continue for the next few weeks.
Following Bitcoin's recent price fluctuations and failure to meet short-term bullish expectations, the altcoin market is expected to have a substantial recovery rally in the coming week, with Ethereum, Litecoin, and Shiba Inu potentially leading the way.
Bitcoin (BTC) is showing signs of strength on the daily and weekly charts, with classic bullish divergence on the daily chart and hidden bullish divergence on the weekly chart, according to crypto analyst Credible Crypto.
Bitcoin experienced a dip in price after the U.S. Federal Reserve Chair hinted at the possibility of an interest rate hike, but an on-chain indicator suggests that Bitcoin is undervalued and presents a good opportunity for long positions in the coming week.
A potential relief rally in the stock market is expected to start the week, but the upside is limited due to uncertainties about interest rates and the recent volatility, according to a Wall Street technician. The S&P 500 and Nasdaq Composite have experienced pullbacks, but a relief rally may be possible in the near term. However, the long-term trend remains uncertain, and the risk of a downturn in the financial system is elevated.
Former Goldman Sachs executive Raoul Pal believes that Bitcoin may be on the verge of a massive rally, based on the historical volatility of the cryptocurrency dropping below 20, a level that has preceded significant price increases in the past. Pal also notes that Bitcoin's Bollinger Bands, a volatility indicator, are the tightest they have ever been, further indicating the potential for a strong upward movement. Ethereum is also highlighted as trading within a bullish pattern despite recent market corrections.
Bitcoin (BTC) falls below $26,000 as bearish sentiment persists and a lack of bullish catalysts hinders market rally.
A trader predicts that Bitcoin will reach a new all-time high before the end of 2023, with the possibility of a 157% rally from the current level.
Bitcoin (BTC) continues to experience losses as the "Grayscale hype" disappears and selling pressure remains strong, with predictions of further downside to around $23,000 and a potential relief rally topping out at $27,200, while U.S. dollar strength adds to the pressure on BTC price.
Bitcoin is likely to experience a deep corrective move in September, with a potential drop of over 10% from current levels, according to crypto strategist Benjamin Cowen, who also suggests that the altcoin markets may see a resurgence next year due to a confluence of macro tailwinds.
Crypto analyst Altcoin Sherpa believes that altcoin CyberConnect (CYBER) is not done rallying, despite a recent correction, and predicts it may eventually reach $17, representing a potential upside of over 132% from current prices.
Altcoins could potentially rally ahead of the Bitcoin halving, according to cryptocurrency analyst Michaël van de Poppe, who believes that the Bitcoin dominance chart suggests a surge in altcoin value rather than a downward market. Van de Poppe is also bullish on Ethereum against Bitcoin, predicting a rise in ETH/BTC to 0.06992 BTC.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
Despite the recent downturn in the crypto market, a key Bitcoin metric shows that 95% of the existing supply of Bitcoin has not moved in the past 30 days, indicating strong holding behavior and potential for a price rally with a buy-side catalyst.
Bitcoin (BTC) remains near a key long-term trendline as the U.S. dollar strengthens, with market participants predicting further downside for BTC and altcoins.
Bitcoin (BTC) experienced a short squeeze, leading to a rally in prices and a decline in open interest in futures and perpetual swaps trading. However, the lack of immediate bullish catalysts may cap the price recovery.
Despite the overall bearish trend, crypto strategist Benjamin Cowen believes Bitcoin could see occasional rallies, following the recent death cross formation, with three potential scenarios playing out, including a possible 12% increase from the current level.
Bitcoin (BTC) reached new September highs as markets reacted positively to macroeconomic and crypto industry news, with the cryptocurrency trading at around $26,300, up 5.5% from its September lows; traders have expressed optimism about Bitcoin's recent performance and potential future breakout if a Bitcoin spot price ETF is approved by U.S. regulators in the coming months, while some remain cautious and predict a potential relief rally before a further decline in on-chain volume.
Bitcoin (BTC) consolidated higher on September 15 as analysts described recent price behavior as "textbook," with hopes of a potential bullish breakout and the possibility of avoiding new lows.
A crypto analyst has shared a "cheatsheet" for predicting Bitcoin price movements ahead of the next halving, suggesting that BTC's current prices are within the expected pre-halving range and that a post-halving rally is likely.
The recent Bitcoin rally is expected to lead to a much larger upswing, potentially reaching $5,000 to $10,000 within a couple of weeks, according to a crypto strategist.
Bitcoin has the potential to rally and reach a new high in 2023, according to an analyst, who also states that the current price action looks constructive after a period of downward trend.
Bitcoin (BTC) shows optimism as it starts the week with the first green weekly candle in over a month, with price strength improving and network fundamentals reaching new records, while traders await the U.S. Federal Reserve's interest rate decision for potential volatility.
Bitcoin, ethereum, BNB, and XRP have experienced a strong price rally in 2023, but a small cryptocurrency has surpassed them, while the Federal Reserve's interest rate decisions could impact the bitcoin price.
Bitcoin attempted a rally, reaching its highest price in three weeks, but quickly faced selling pressure, while the broader crypto market saw modest gains; attention turns to the US Federal Reserve's policy meeting for potential impact on monetary policy.
Bitcoin (BTC) has shown remarkable stability above the $26,000 level despite sell-offs in equity markets and a surging US dollar, potentially signaling a bullish cycle as long-term investors continue to accumulate.
Bitcoin's rally towards $27,000 was halted by a drop in the U.S. stock market and rising interest rates, with 10-year Treasury yields surging to a 16-year high and oil prices reaching a new high, leading to concerns of stagflation and prompting CFOs to cut capital spending and operational costs.
Bitcoin (BTC) reached new weekly highs as markets anticipated news from the US Federal Reserve, with BTC reacting positively to US macroeconomic data and approaching the $27,000 mark, while traders remained cautious about potential volatility and resistance levels.
Bitcoin (BTC) experienced a cooling off in price action ahead of the September candle close, with the monthly return up nearly 4% but the quarterly performance down 11.5%; traders and analysts anticipate potential changes in the final hours of the monthly candle.
The recent rallies in Bitcoin and altcoins could reverse abruptly, according to trader DonAlt, who believes that the market is rallying based on anticipation of Ethereum-based ETFs but warns that these catalysts may not be strong enough to sustain the rallies, especially considering the historical bearishness of crypto futures products.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
Bitcoin rose nearly 1% in the past day, but altcoins like TON, AAVE, and MKR are leading the surge in the crypto market, with MKR up over 3% due to its Endgame Plan generating revenue from real-world assets.
Bitcoin experienced a brief rally above $28,000 but quickly dropped to $27,300, remaining relatively flat compared to the wider crypto market; however, it is still defying the market rout in equity and U.S. Treasury bond trading, signaling a bull market, according to ByteTree's chief investment officer.
Despite some positive announcements, the prices of Bitcoin and Ethereum remained relatively stable, indicating that cryptocurrencies are less influenced by current news compared to the past; however, Avalanche and Solana experienced notable price rallies.
Bitcoin may experience a significant rally to $42,000 if it breaks through the resistance level at $28,000, as suggested by top trader DonAlt, who remains bullish on BTC despite bearish sentiment.
The native asset of Render Network, RNDR, is predicted to experience a 33% rally, while Bitcoin's volatility could increase depending on its reaction to hitting $30,000.
Bitcoin, Chainlink, and Avalanche are predicted to experience significant rallies, with Bitcoin potentially reaching its record peak of $69,000, according to a prominent crypto analyst.
