Category: BTC

Bitcoin Technical Analysis: Steady Above $35K as Indicators Signal Growth Potential

November 6, 2023 Caden

Bitcoin’s stability appears to be holding as the price consolidates around $35,140, showing a modest 24-hour trading range. Despite recent fluctuations, market sentiment remains cautiously optimistic, with key technical indicators providing a mixed but generally favorable perspective. The neutral readings on the RSI and Stochastic oscillators, alongside bullish signals from moving averages, suggest a potential…

Analysis, Bitcoin, Bitcoin (BTC), BTC, BTC Price, Crypto, Cryptocurrency, Markets and Prices

Bitcoin, Ethereum Technical Analysis: BTC Explodes Above $35,000 as ETF Speculation Intensifies

October 24, 2023 Caden

Bitcoin rallied to its highest level since May 2022, as bullish sentiment exploded throughout the market. The surge came as traders believed a United States SEC announcement was imminent, over a bitcoin exchange-traded fund (ETF), likely from Blackrock. Ethereum also rose, climbing above $1,800. Bitcoin Bitcoin bulls pushed the cryptocurrency over the $35,000 level on…

Analysis, Bitcoin, BTC, Crypto, Cryptocurrency, ETF, ETH, Ethereum, Market Updates, SEC

Pantera Capital Predicts Bitcoin to Skyrocket to $148,000 Post-2024 Halving

August 24, 2023 Caden

In a recent “Blockchain Letter” to investors, published on August 22, Pantera Capital — a venture capital firm headed by Dan Morehead — has projected that the price of bitcoin (BTC ) could soar to $147,843 per coin following the 2024 halving. The firm employed the stock-to-flow (S2F) ratio as a price model to evaluate…

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Matrixport’s Year-End 2024 Prediction: Bitcoin to Reach $125,000 as Strong Performance Fuels Bullish Sentiment

July 10, 2023 Caden

While bitcoin has shown strong performance in the first half of 2023, Markus Thielen, the head of research at crypto firm Matrixport, released a prediction on July 5, 2023, stating that bitcoin (BTC ) will reach $125,000 by the end of 2024. Thielen’s forecast is based on a signal indicating the conclusion of the bear…

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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Lower Ahead of FOMC Meeting Minutes

July 5, 2023 Caden

Bitcoin dropped below $31,000 on Wednesday, as markets consolidated ahead of the upcoming U.S. Federal Open Market Committee (FOMC) minutes. The minutes of last month’s meeting are expected to show the Fed’s potential path to further hikes this year. Ethereum fell for a second straight session. Bitcoin Bitcoin (BTC ) consolidated on Wednesday, as markets…

Analysis, Bitcoin, BTC, ETH, Ethereum, FOMC Minutes, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC Above $28,000 as Biden Announces Debt Ceiling Deal

May 29, 2023 Caden

Bitcoin climbed above the $28,000 level on Monday, as U.S. President Joe Biden confirmed that a deal was agreed in principle. Biden labeled the agreement a “compromise,” with Republican Kevin McCarthy calling it “historic.” Ethereum was also higher on the news, hitting a three-week peak. Bitcoin Bitcoin (BTC ) rose above the $28,000 to start…

Analysis, Biden, Bitcoin, BTC, debt ceiling, ETH, Ethereum, Market Updates

Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard

April 6, 2023 Caden

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital…

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Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000

March 16, 2023 Caden

Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC ) rose back above the $25,000…

Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates

March 8, 2023 Caden

Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news. Bitcoin Bitcoin (BTC ) dropped below $22,000 on…

Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High

January 12, 2023January 27, 2023 Caden

Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin Bitcoin (BTC ) surged above $18,000 on Thursday, as…

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