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 and Ether both rose over 3% as the crypto market recovered from its losses last week, while alternative cryptocurrencies also saw gains; however, experts remain divided on the future of prices, with some predicting continued downtrend and others expecting a rebound.
Bitcoin price reaches a 2-month low, but crypto analyst Michaël van de Poppe predicts a positive change in the future due to market cycle theories and the upcoming Bitcoin halving in 2024, potentially reaching a price of $50-55K pre-halving.
Cryptocurrencies, including Bitcoin and Ethereum, experienced a rise in value as investors anticipated the Federal Reserve's annual meeting and Bitcoin attempted to reach $30,000.
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.
Ethereum's price has surpassed Bitcoin's in the second half of 2023, as investor sentiment towards Ethereum has improved and Bitcoin dominance has declined, indicating a shift towards altcoins; Ethereum's oversold status and resilient consolidation above $1,500 suggest a potential bullish reversal in the coming days, but a drop below $1,500 is possible if bears gain control.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
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's weak performance and its potential "double top" structure raise concerns of more downside, with predictions of new local lows; however, there are indications that Bitcoin may experience a major shakeout before rebounding to "fair value" and the 200-week EMA near $25,600 may offer some optimism; debate ensues over the possibility of Bitcoin filling the $20,000 CME futures gap; liquidity levels on BTC/USD markets continue to increase, adding to bearish predictions; ahead of the Federal Reserve meeting, the United States Consumer Price Index (CPI) data release on September 14 brings potential volatility to the market and may impact crypto market expectations.
Crypto strategist Credible Crypto suggests that Bitcoin could dip to around $24,900 but still remain on track for a bull market cycle, and he is closely monitoring Bitcoin options open interest as an indicator for the market bottom.
Ethereum is predicted to experience a surge in prices by the end of the year, with the leading smart contract protocol potentially reaching as high as $2,000, according to crypto strategist Inmortal, who also believes Bitcoin will rally back to its resistance at $27,300. Additionally, Inmortal is keeping a close watch on Radix (XRD) as it gears up for its mainnet launch of the Babylon upgrade.
Bitcoin price surged above $26,800 as bulls targeted $27,000, with analysts predicting a potential rally to $30,000 in October.
Cryptocurrency markets surged higher, with Bitcoin breaking above $27,000 and Ethereum outperforming Bitcoin due to investor hopes for a potential U.S. regulatory greenlight for a futures-based exchange-traded fund (ETF).
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 (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Bitcoin and other cryptocurrencies surged at the start of October as they broke through a previous range, with analysts optimistic about further gains in the month.
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 surged to a two-month high, reaching $28,451, and crypto-related stocks, including Coinbase and Riot Platforms, also saw significant gains.
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.
Bitcoin price is predicted to reach $750,000 to $1 million by 2026, according to Arthur Hayes, who highlights a major financial crisis and mounting debt as catalysts for the cryptocurrency's surge.
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's price surged to nearly $30,000 before falling to $28,500 after a false report about the SEC approving a bitcoin spot ETF caused $100 million in liquidations and was later debunked by BlackRock and other sources.
Bitcoin outperformed the cryptocurrency market as Ethereum and DeFi tokens slid, with BTC rising to near $28,500 and its market share reaching over 52%, the highest since April 2021.
Bitcoin's surge to $30,000 has propelled major cryptocurrencies, including altcoins, to soar, with over $65 million worth of shorts liquidated in the past 24 hours, and the approval of spot Bitcoin ETFs expected within the next few months.
Bitcoin forms a bullish pattern on the hourly chart, potentially pushing the price above $33,000 and leading to a rally towards a six-digit price tag in the long term, according to crypto strategist Credible Crypto.
The value of Bitcoin surged to around $30,000, driven by optimism for SEC approval of ETFs and positive market sentiment following the dismissal of charges against Ripple executives; comparing the performance of Bitcoin mining stocks, Marathon Digital Holdings and Riot Platforms, shows that Riot has had better returns over the past 9 months.
Bitcoin and other major cryptocurrencies are experiencing a sudden surge in price as BlackRock and JPMorgan lay the groundwork for the next bitcoin bull run, with analysts suggesting that the crypto winter may be over and a "huge shift" in the market is imminent.
Bitcoin surged past $31,000 per coin with increased optimism in the space driven by the possibility of a spot Bitcoin ETF approval, leading to institutional investors pouring money into the industry and Wall Street's biggest fund manager, BlackRock, applying for its own Bitcoin ETF.
The price of Bitcoin surged to $34,000 as excitement grew over developments in the Bitcoin ETF space, marking a 14% gain in the past 24 hours.
Bitcoin's price surged past $35,000 as the mood in the cryptocurrency market has improved, driven by the potential launch of bitcoin exchange-traded funds (ETFs) and growing interest from institutional investors like BlackRock.
Bitcoin surged 14% to reach a 2-1/2 year high of $34,283 amid speculation that the U.S. may approve a bitcoin exchange-traded fund.
Bitcoin is rallying towards $35,000 as the Bitcoin ETF inches closer to reality, with experts predicting the price could reach $75,000 in the coming months, and altcoins expected to underperform bitcoin and ether.
Bitcoin surged to its highest levels since May 2022, reaching $35,198, as excitement over the potential launch of a Bitcoin spot price ETF in the United States grew, with public Bitcoin ETFs globally seeing significant inflows over a 24-hour period.
Bitcoin prices surge to an 18-month high as hype around a potential spot exchange-traded fund (ETF) approval grows, with analysts drawing comparisons to the post-approval surge in gold prices and predicting a potential rise to over $120,000 if Bitcoin follows a similar trajectory.
Bitcoin's value reaches its highest point since May last year, surpassing $34,000 and resulting in over $310 million in liquidated short positions, while Ethereum also experiences a significant increase and the overall market capitalization of digital assets surpasses $1.3 trillion, sparking optimism about the potential launch of a spot Bitcoin ETF.
Bitcoin surged by 11.5% to top $35,000, as anticipation grows for the launch of the first spot bitcoin ETF in the U.S. led by asset management giants BlackRock and Fidelity, which could potentially open the floodgates for a new era of bitcoin investment options.
Bitcoin surged to $35,000 this week on hopes of a spot Bitcoin ETF approval and a flight to safety, with Stephan Livera predicting a massive bull run that will peak at around $500,000.
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 price rallied 15% to overcome the $30,000 level, Ethereum price shot up 12% to clear $1,727, and Ripple price rose above the $0.540 resistance level as altcoins followed Bitcoin's lead driven by the potential approval of a spot Bitcoin ETF.
Cryptocurrency prices surged as bitcoin rallied on hopes of a spot bitcoin exchange-traded fund (ETF) launching soon, with institutional demand for a spot bitcoin ETF stronger than ever before and a number of firms, including ARK Invest, VanEck, BlackRock, and Coinbase, filing for bitcoin ETFs.
Bitcoin has surged past $35,000, driven by excitement over the possibility of bitcoin funds trading on stock exchanges and the potential launch of a BlackRock bitcoin ETF, although regulatory concerns and uncertainty still loom.
Bitcoin surged past $34,000 this week, up 106% so far this year, driven by factors such as constrained supply, underinvested market participants, and its attractiveness as a safe haven from troubled traditional markets and geopolitical turmoil.
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 has surged past $35,000, reaching its highest price since May 2022, amid a bullish week for the cryptocurrency market fueled by hopes of a Bitcoin ETF approval and significant gains in other major cryptocurrencies like Ethereum, XRP, Solana, Cardano, and Dogecoin.
Summary: Bitcoin surged by over 14% in the past week, reaching a high of $35,000 and maintaining a 30% increase over the last two weeks.
