Key points: New Bitcoin price targets leverage interplay with gold to deliver $200,000 and higher this year. Bitcoin price cycles remain in focus as part of the BTC price “power curve” model. Eating gold’s market cap could propel BTC/USD to nearly $1 million by the decade’s end. Bitcoin (BTC) has a “decent chance” of hitting…
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Key points: US treasuries and foreign capital “repatriation” make a recipe for $1 million BTC, says Arthur Hayes. Europeans face tightening capital controls, inviting a recommendation to take back control of personal funds. Seven-figure BTC price targets are already gaining traction. Bitcoin (BTC) will shoot to $1 million in just three years thanks to global…
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Key points: Bitcoin has a fight for both $100,000 and a $2 trillion market cap on its hands this month. Dips below six figures are “easily possible,” analyst Filbfilb says, but the odds are stacked in bulls’ favor. ETH/BTC needs to hit the 0.03 inflection point as part of an altcoin comeback. Bitcoin (BTC) is…
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Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Fed rate cuts seem increasingly far off despite encouraging inflation data. Bitcoin (BTC) hugged familiar territory around the May 14 Wall Street open…
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Key points: Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak. Over the past month, miner wallet balances have increased by around 2,700 BTC. Hash Ribbons data shows good times continuing for both miners and BTC price strength. Bitcoin (BTC) accumulation by miners is back as…
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Key points: Bitcoin fails to capitalize on lower-than-expected US CPI data, seeing a Wall Street sell-off for a second day. Traders see BTC/USD buying time before its next move, and a trip below $100,000 is on the cards. Bitcoin is showing “undeniable” momentum against gold and stocks, Binance’s Richard Teng says. Bitcoin (BTC) saw a…
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Key points: Bitcoin has seen its largest 30-day illiquid supply increase of the current bull market. Illiquid supply now stands at 14 million BTC, more than ever before. Whales are still accumulating as the price returns to six figures. Bitcoin (BTC) investors are turning the BTC supply more illiquid than at any point in its…
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Key points: Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news. Nearby order book liquidity forms potential targets for traders, which now include $102,000. A classic moving average retest suggests that a new all-time high should result. Bitcoin (BTC) stuck to $104,000 at the May 12…
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Bitcoin (BTC) launches into US CPI week with new multimonth highs as traders dig in for volatility. BTC price action is giving increasingly bullish signals, joined by a key cross on the weekly MACD indicator. The weekly close fell just short of expectations, raising doubts over whether price discovery will return in the immediate future.…
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Key points: Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground. Some traders are expecting the bid to enter price discovery to fail. Bitcoin (BTC) preserved giant gains into the May 11 weekly close as analysis flagged the key level to hold next. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Analysis: BTC…
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