In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725 billion significantly elevated its price target for Bitcoin, predicting the premier cryptocurrency will reach $1 million by 2033. This bullish outlook is underscored by a new wave of adoption via US spot Bitcoin exchange-traded funds (ETFs) managed by heavyweight…
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Bitcoin price struggled to recover above the $68,000 resistance zone. BTC is again moving lower and might even decline below the $66,000 support zone. Bitcoin started another decline from the $68,200 resistance zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with…
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The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite…
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The winds of change are blowing in the Bitcoin market, bringing a fresh wave of short-term traders while veteran holders remain steadfast in their convictions. A recent report by Bitfinex Alpha reveals a fascinating dichotomy in investor behavior, with new players chasing quick profits and seasoned hodlers (hold on for dear life) accumulating for the…
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According to an analysis shared by renowned crypto analyst Gert van Lagen, the Bitcoin price chart has illustrated a significant technical pattern in the 3-day chart (BTC/USD) that could potentially signal an upsurge to as high as $300,000. Known as the “Cup with Handle,” this pattern is celebrated among traders for its predictive reliability and…
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Bitcoin price started a strong increase above $68,500. BTC even tested $70,000, but post-fed there was a major bearish reaction. Bitcoin started another decline from the $70,000 resistance zone. The price is trading below $68,550 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $67,500 on…
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The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements. ICBC Sees Bitcoin as Digital Gold, Ethereum as…
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Recent reports from CryptoQuant analysts on the QuickTake platform highlight a notable decline in market sentiment across Bitcoin and altcoin investors. According to Crypto Dan, a leading analyst at CryptoQuant, “After Bitcoin’s recent failure to breach the $72,000 mark, there is a noticeable cooling off of investor enthusiasm.” Bitcoin Slump In Activity Signals Market Adjustment…
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Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make…
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Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin despite the flagship crypto’s recent setback. As part of his analysis, he suggested how high Bitcoin could rise in the short and long term. Bitcoin To Rise To As High As $300,000 Dave the Wave suggested in an X (formerly Twitter) post…
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