Bitcoin, Ethereum, and Solana are unlikely to reach new lows in 2023, according to former ARK Invest executive Chris Burniske, who warns against "bottom vultures" calling for lower prices without intentions of going long, predicting that the long-term uptrend will continue in 2024 and 2025.
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.
The rush for Bitcoin is gradual due to its limited supply, with experts estimating that there is an availability of 14.5 BTC for every 8,000 people, and owning even a fraction of tokens could be an opportunity for the future considering the total number of BTC in existence and the international population.
Bitcoin, the top cryptocurrency, reached a two-month low due to risk aversion in global markets triggered by concerns about China's economy and U.S. interest rates, as well as a report that Elon Musk's SpaceX sold its bitcoin holdings.
Bitcoin might experience a period of stagnation followed by a potential peak at $200,000 by the end of 2025 or early 2026, according to a crypto analyst, although short-term prospects for Bitcoin appear challenging due to a comparison with the 1930s stock market and oversold condition.
Bitcoin has made a significant move upwards, approaching $27,000 after days of stagnation, although other cryptocurrencies such as SOL, ADA, TON, and MKR have outperformed it.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Crypto analyst Michaël van de Poppe believes that Ethereum's current price dip could be due to Bitcoin's upcoming halving, and suggests that BTC may follow the path of commodities, while naming certain altcoins, including ARB, OP, INJ, SUI, PEPE, and DOGE, that he's keeping an eye on.
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.
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.
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 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.
Despite the current market conditions, a crypto strategist believes that Bitcoin (BTC) could experience a significant upward movement, potentially forming a bullish higher-low setup after a possible drop to around $23,600.
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 is said to be at a crucial turning point, with a potential accumulation phase underway and an upcoming decisive move, according to the co-founders of Glassnode. They also caution against exposure to altcoins and advise waiting for Bitcoin's stability before considering investments.
Bitcoin must surpass a key price level in order to signal the end of its price stagnation, according to analyst Credible Crypto, who believes that Bitcoin dominance is rising and altcoins will suffer as a result.
Bitcoin could potentially surge over 70% in a move similar to 2015, as crypto analyst Michaël van de Poppe observes patterns that indicate a sustained trading range before a significant upside move ahead of the 2016 halving event.
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 and other cryptocurrencies have seen a rise in price as traders anticipate a potential macroeconomic catalyst that could lead to a significant movement in the market.
Bitcoin's market dominance rate has reached its strongest level in a month, rising to 50.2%, as risks rise for the rest of the cryptocurrency sector, while alternative cryptocurrencies may be on the brink of breaking lower.
Bitcoin is expected to experience a strong upward pressure on its price due to the upcoming halving mechanism, making it an attractive time for investors to consider bitcoin mining stocks like Bitfarms and Cipher Mining.
Bitcoin and other cryptocurrencies are experiencing a decline in prices due to a strengthening dollar and risk-aversion, but there is hope for a rebound.
Bitcoin and other cryptocurrencies are rising as traders are optimistic about the potential of a US government shutdown, despite the risk of liquidity drainage.
Bitcoin is expected to continue its upward trajectory, leaving behind traders who are waiting for a further correction, according to crypto analyst Credible Crypto.
Major cryptocurrencies experienced a significant increase in value as over $100 million was unexpectedly liquidated due to a surprise surge in the price of Bitcoin, coinciding with the start of "Uptober," a potentially bullish trend for cryptocurrencies in October.
Bitcoin is poised to reach new highs, according to crypto analyst Michaël van de Poppe, while Chainlink may undergo one final correction before a breakout that could extend into 2024.
Bitcoin could face difficulties in the long term due to tightening liquidity in the current macroeconomic environment, according to crypto analyst Nicholas Merten. Merten believes that Bitcoin's price is heavily influenced by monetary policy and warns that if sentiment turns bearish, investors may start cashing out.
Bitcoin's bear market may be over and an upward expansion is likely, according to a popular crypto analyst who compares the current situation to that before the 2016 and 2020 bull markets.
Bitcoin and other cryptocurrencies experienced a slight decline along with the wider market, but analysts are optimistic that the recent uptrend will persist.
Crypto strategist Benjamin Cowen believes that the crypto market is in a "brutal" stage as Bitcoin's dominance increases while altcoins drop, and he predicts that Bitcoin's dominance will likely peak at around 60%.
Crypto analyst Jason Pizzino predicts that Bitcoin could reach a new all-time high by late 2024 or early 2025, and is closely monitoring Bitcoin's price action in the short term.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 likely being the disbelief rally of the first stage, according to crypto strategist Jason Pizzino, although he acknowledges the possibility of a deep corrective move before a full-blown bull market begins.
Bitcoin is poised for another meteoric rise due to the return of money printing by the US government, according to a trader who accurately predicted the end of the crypto's bull market in 2021, with Bitcoin potentially reaching a new all-time high of $180,000.
Bitcoin's dominance rate in the overall cryptocurrency market is rising to its highest level in months, threatening the rally of alternative cryptocurrencies, and is expected to continue growing in the coming days, according to technical analysis.
Bitcoin is poised for a significant move, with Bloomberg analyst Mike McGlone suggesting that it is more likely to collapse rather than rally, as it remains stuck between its 50- and 100-week moving averages.
Summary: Bitcoin and other cryptocurrencies are on the rise, fueled by a recent rally, although some traders may be preparing for a potential pullback due to uncertain optimism surrounding a recent catalyst.
Bitcoin reached its highest level since mid-July as speculation grows over the approval of a spot Bitcoin ETF in the U.S., with the cryptocurrency up 2.2% and making up 49.6% of the overall crypto market, according to CoinGecko.
Bitcoin and other major cryptocurrencies have experienced a surge in prices as BlackRock and JPMorgan lay the groundwork for the next bitcoin bull run, with analysts suggesting that the crypto winter may finally be over and a "huge shift" in the market may be on the horizon.
Bitcoin (BTC) reached its highest level in 2023 as the possibility of a spot BTC exchange-traded fund (ETF) launching soon increases, attracting institutional money into the digital assets market, while stocks also climbed higher and analysts remain cautious about overexposure and the inverted yield curve.
Bitcoin's recent upward move confirms that it is now in a bull market cycle, with potential for significant growth due to stablecoin adoption, tokenization of real-world assets, and the changing stance of traditional financial institutions.
Bitcoin is set to end the year on a high note, with October gains approaching 30% and the cryptocurrency breaking through key resistance levels, setting the foundation for a potential uptrend in 2023, according to on-chain analytics firm Glassnode.
Bitcoin and other cryptocurrencies experience a decline after a recent rally, but still remain close to the year's peak, as traders anticipate further advances.
Crypto analyst Michaël van de Poppe believes that traders who survived the bear market are now entering the beginning of a bull market cycle, with Bitcoin potentially breaking to $37,000, while consolidation for BTC would be beneficial for altcoin markets.
The supply of available bitcoin on crypto exchanges has reached its lowest level in five years, potentially leading to a supply shock as the approval of a spot bitcoin ETF draws near, which could further increase demand and drive up the price.
