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 may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
Key social metrics suggest that cryptocurrency markets may soon rebound, as the use of the term "bear market" has reached an 11-week high on social media platforms, which historically indicates that price rises are likely; additionally, deep-pocketed investors are accumulating Bitcoin again, contributing to a recent rally.
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.
Long-term holders of Bitcoin are continuing to accumulate the cryptocurrency despite recent market volatility, indicating a bullish outlook for the future, according to analysts from Bitfinex. However, newer long-term holders who acquired their positions during the bear market are showing more unease and have exited their positions during price drops.
Bitcoin could experience a major market correction in September, potentially dropping by more than 16% based on historical performance and predictions by crypto analyst Benjamin Cowen.
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.
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.
Bitcoin and other cryptocurrencies are experiencing a decline as analysts predict further decreases ahead.
Bitcoin is expected to experience a corrective move before resuming its bullish momentum and potentially surpassing its previous highs, according to a pseudonymous analyst who accurately predicted the lowest price of the cryptocurrency during the 2018 bear market.
Bitcoin's price has fallen below its 200-week moving average, indicating a bearish trend, but historical data suggests that this could be a buying opportunity for patient investors.
Bitcoin and other cryptocurrencies remain stable with low volatility, indicating a decline in investor interest in the crypto market.
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 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 (BTC) price remains stagnant and unaffected by recent macroeconomic events, leading traders to believe that it will continue to trade within a range until proven otherwise.
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 experienced a decline in prices due to the Federal Reserve's monetary policy decision, signaling an anticipated return to range-bound trading.
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 may be heading for a further price decline according to a top trader who previously predicted the cryptocurrency's 2018 bear market bottom, citing a bearish lower-high setup and an ABC corrective move that could push Bitcoin down to $23,800.
Bitcoin and other cryptocurrencies remain stable or slightly higher despite turbulence in the stock market, but this calm may not last.
Bitcoin is on the verge of reaching levels that offer accumulation opportunities and could potentially start an uptrend, according to crypto trader Michaël van de Poppe, who compares the current price action to that of a pre-halving year.
Bitcoin and other cryptocurrencies are rising as traders are optimistic about the potential of a US government shutdown, despite the risk of liquidity drainage.
Crypto strategist predicts that Bitcoin will enter a massive bull run and reach new all-time highs once it surpasses a key support level, but warns that bearish speculation from the stock market could decrease momentum.
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'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.
Bitcoin and the broader crypto market are down following the U.S. Consumer Price Index (CPI) report, which showed slowing inflation, with experts noting that investors are increasingly viewing Bitcoin as a safe-haven asset and CPI figures are becoming less relevant for the crypto market.
Bitcoin and crypto markets are following a cyclical pattern, with bull markets typically occurring after halving events, but a significant pullback is anticipated in the period leading up to the next halving event in April or May 2023, potentially causing a drop in BTC prices.
The bitcoin and wider crypto market have lost momentum after a strong start in 2023, but billionaire Warren Buffett continues to profit from bitcoin, and there are predictions of trillions of dollars entering the crypto market, leading to a massive price bull run.
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 and other cryptocurrencies are experiencing a steady surge in prices due to increasing optimism about the approval of Bitcoin exchange-traded funds by regulators.
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 (BTC) continues to rise, gaining momentum from gold and traditional rate-sensitive assets, as prices reach their highest level since July 15 and analysts predict a potential approval of a bitcoin ETF.
Bitcoin is predicted to continue its rally and potentially reach $48,000 by the end of the year, as it surpasses resistance levels and experiences increased trading volume and market dominance.
Bitcoin is expected to reach new all-time highs by Q3 2024, according to veteran trader Peter Brandt, who warns investors to prepare for a volatile period in the meantime.
Bitcoin and other cryptocurrencies remained stable amidst stock market upheaval, as investors speculate that digital assets now serve as a safe haven during geopolitical uncertainties.
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 and other cryptocurrencies experience a decline after a recent rally, but still remain close to the year's peak, as traders anticipate further advances.
