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.
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.
The Federal Reserve's plan to raise interest rates could lead to increased sell pressure on Bitcoin, potentially pushing its price down to the $25,000 range, although the impact may be limited due to consolidation and caution among traders.
Concerns arise that the struggling Chinese economy and volatility in the stock market may negatively impact Bitcoin's price and hinder its role as an alternative store of value in the face of a strengthening U.S. dollar.
Bitcoin and other cryptocurrencies are experiencing a slip in price after key inflation data, causing concerns for the upcoming month of September, which has historically been challenging for Bitcoin.
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.
US-based institutional investors are showing increasing bullish pressure on Bitcoin, as indicated by rising buy pressure and spot trading volumes, potentially leading to a price rally towards $28,000 if the trend continues.
The recent decline in the price of Bitcoin has raised concerns of a larger market downtrend, with Ethereum and Ripple also at risk of falling if Bitcoin weakens further.
Popular analyst Arthur Hayes argues that traditional economic theories about Bitcoin's relationship with interest rates will fail due to the US government's substantial debt, as inflation may become "sticky" and bond yields may not keep up with GDP growth, leading bondholders to seek higher yielding "risk assets" like Bitcoin.
Bitcoin, ethereum, and other top cryptocurrencies have been struggling recently despite the market conditions, as the bitcoin price drops and Coinbase plans to integrate bitcoin's lightning network, potentially causing crypto price chaos.
Bitcoin's vulnerability to contracting global liquidity is highlighted by Bloomberg Intelligence's crypto market analyst Jamie Coutts, who suggests that the cryptocurrency will only turn bullish when global liquidity levels expand, warning that it is unlikely to rise until liquidity reverses and anticipating that institutional investors will only show significant demand for digital assets once liquidity rises.
Bitcoin and other cryptocurrencies experienced a positive day, but the formation of a "death cross" raises concerns about potential selling pressure.
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.
Crypto analyst Will Clemente suggests that the US economy's need to issue more dollars to service its debt will inevitably lead to significant currency debasement, making Bitcoin the most promising asset for investors looking to protect their wealth. With the growing digital trend and a wave of Bitcoin adoption, Clemente believes that alternative monetary systems will become increasingly favorable.
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 could experience significant inflows from China in the coming months due to a weakening Chinese yuan and increasing capital flight, with Chinese investors turning to Bitcoin as a familiar investment in times of economic uncertainty, according to experts. The recent data shows that China's capital outflow reached its highest level since 2015 in August, potentially putting further pressure on the yuan. While Chinese capital controls may limit investment options, cryptocurrency, particularly Bitcoin, is seen as a viable alternative. However, analysts caution that the impact of Chinese capital flight on Bitcoin may not be as significant as it was in 2017 due to changes in regulations and crackdowns on certain practices.
The Federal Reserve's decision to hold interest rates at their highest in over 20 years is posing a "nightmare" scenario for bitcoin and crypto companies, potentially leading to price chaos and further decline in the bitcoin price.
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.
Concerns over a possible U.S. government shutdown, rising oil prices, and a heavy schedule of Treasury debt sales are adding pressure to the markets, along with the ongoing property crisis in China and the effects of last week's hawkish Federal Reserve projections.
Bitcoin and other cryptocurrencies are seeing a slight increase, but they are still facing pressure due to rising bond yields and uncertainty over interest rates and Federal Reserve policy.
Major cryptocurrencies like Bitcoin, Ethereum, and XRP are anticipating a potential surge in price due to a "worst-case" scenario from the Federal Reserve, according to JPMorgan CEO Jamie Dimon.
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.
The U.S. economy is experiencing turbulence, as inflation rates rise and U.S. Treasuries lose value, leading to concerns about whether Bitcoin and risk-on assets will be negatively impacted by higher interest rates and a cooling monetary policy.
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.
The recent uncertainty regarding the United States debt limit and the subsequent signing of the spending bill by President Joe Biden led investors to question the momentum for cryptocurrencies, but with an extension in place, lawmakers need to find a solution before November 17 to avoid further economic risks. Bitcoin has experienced a price increase, prompting investors to anticipate volatility as the debt ceiling decision approaches, and a recommended neutral-market strategy involving options trading is suggested for investors looking to mitigate potential losses and profits.
Bitcoin's price is increasing despite a mixed market for cryptocurrencies and spiking bond yields.
Bitcoin could potentially face a 60% price drop, as liquidity remains negative and global rates continue to rise, according to Bloomberg Intelligence senior macro strategist Mike McGlone. He also suggests that a stock market drawdown related to a recession poses the biggest risk for the overall cryptocurrency sector.
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 is facing resistance at the $28,000 level but is rebounding after strong U.S. employment data and is decoupling from long-duration bonds and equities, solidifying its "digital gold" narrative.
Bitcoin and other major cryptocurrencies are struggling to maintain their early 2023 gains due to the U.S. government's crackdown on crypto, prompting billionaire hedge fund manager Paul Tudor Jones to stockpile bitcoin and gold amid the "cataclysmic" fiscal situation in the country.
Financial markets are under pressure after wholesale inflation data came in higher than expected, raising the likelihood of additional interest rate hikes by the Federal Reserve, while Bitcoin faces selling pressure and shows signs of a potential downward trend according to analysts.
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.
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, along with other major cryptocurrencies, has been impacted by the unstable U.S. fiscal situation and the potential collapse of the U.S. dollar, while Wall Street giants like BlackRock are poised to embrace bitcoin and revolutionize finance.
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.
Crypto finance, despite its claims of decentralization and independence from state-backed money, is heavily dependent on centralized platforms and is a vehicle for financial speculation rather than a means of escape from state control, according to Ramaa Vasudevan, professor of economics. Moreover, the growth of crypto will compound the volatility of global capitalism and its environmental impact is significant due to the energy-intensive process of mining and validating crypto tokens. The rise of stablecoins has been crucial in the development of crypto finance, but it is ultimately dependent on conventional currencies for stability. The recent crash of crypto finance has revealed its fragility and the absence of central banks as lenders of last resort exacerbates financial instability. Crypto finance fits into the wider picture of financialization and asset-price bubbles, promoting inequality and concentration of wealth. Ultimately, the politics of money and its relationship with the state are contested in the crypto sphere, as it neither depoliticizes nor democratizes money. Finally, crypto finance has become a battleground in the economic competition between the United States and China, with both countries striving for dominance in the digital currency space.
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.
The impact of the Bitcoin halving event on crypto prices is often overestimated, as the reduced supply of new Bitcoin must be accompanied by significant demand for prices to surge, and each halving's impact on supply decreases over time, with changes in demand becoming the dominant factor influencing Bitcoin's price.
Cryptocurrency markets are facing challenges in 2023 due to tightening monetary policies, the resurgence of the U.S. dollar, and concerns about inflation, leading to decreased trading volumes and reduced risk appetite among investors.
Bitcoin (BTC) is experiencing a resistance battle as it approaches 2023 highs and traders are cautious about lofty price predictions and the potential impact of macroeconomic data and geopolitical events on the cryptocurrency.
The bitcoin price has surged past $35,000, reaching its highest level in over a year due to excitement over BlackRock's bitcoin spot ETF application and speculation that the U.S. wealth management industry could gain access to the crypto market.
Bitcoin's supply is becoming increasingly constrained as exchange balances reach a five-year low, indicating a potential supply shock that could drive prices higher due to lower supply and increased demand.
Bitcoin's bullish momentum has extended to the wider crypto market, with all sectors experiencing gains, while US equities, particularly big tech, have underperformed, suggesting a shift in the investment landscape.
