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An analyst who accurately called the Bitcoin top last cycle believes BTC is gearing up for new rallies toward the end of the year. Pseudonymous analyst Dave the Wave tells his 152,500 followers on the social media platform X that Bitcoin appears to be grinding higher within an ascending channel on the daily chart en route to its all-time highs above $124,000. “Range setting up for BTC fireworks 4th quarter…” Source: Dave the Wave/X Zooming in, Dave the Wave says Bitcoin has managed to take out its near-term diagonal and horizontal resistances after bouncing from $106,000 last month. “BTC shorter-term price action looking promising with two resistances broken to the upside…” Source: Dave the Wave/X The analyst had predicted that Bitcoin would surge to a price tag of $180,000 by the end of the year. At time of writing, Bitcoin is trading for $115,286. Turning to the altcoin market, Dave the Wave says he’s keeping a clos...

A historical price comparison between Bitcoin (BTC) and gold suggests that the cryptocurrency could rally by 35% in the fourth quarter. Notably, Analysis by Ted Pillows projects a major upward move for Bitcoin, suggesting the digital asset could mirror gold’s historical breakout pattern. If the analogy holds, BTC may trade above $160,000 by Q4, he said in an X post on July 26. The comparison draws on Analysis of gold and Bitcoin’s market behavior, identifying phases of accumulation, distribution, and re-accumulation before each asset entered a strong rally. Gold and Bitcoin price analysis. Source: Ted Pillows Notably, gold’s rally, from under $2,000 to over $3,300, followed a prolonged re-accumulation phase. According to Pillows, Bitcoin appears to be nearing the end of a similar structure. The analyst suggested Bitcoin’s market cycle is currently transitioning from re-accumulation to a rally phase. This final leg could significantly pu...

Bitcoin is once again gaining mainstream attention and the spotlight. The token is now climbing high on the radar, breaking new price ceilings and, at the same time, eyeing new price targets in a recent surge. This development has led the markets to bask in a bullish sentiment, watching Bitcoin rise to stabilize at $117K at press time. As Bitcoin ascends to new price highs, will it continue to soar high or tumble down again to neutralize the current surge? Let’s find out? Also Read: Strategy (MSTR) Stock Surges as Bitcoin Booms, Buys Resume Bitcoin Is Eyeing New Price Horizons Source: Watcher Guru In a new historic milestone, Bitcoin (BTC) has now broken predicted pathways to hit a major new ATH of $122K. The token is currently down 2%, stabilizing around $117K at press time. However, the current price surge has led investors to speculate on new price momentum and ceilings that BTC can now break in the near future. Per Ali Martinez, Bitcoin is already searching for a new price cei...

As Bitcoin (BTC) consolidates just below $105,000, an analyst has identified a historical trend that could propel the flagship cryptocurrency to a new all-time high in the coming weeks. Since bottoming in early April, Bitcoin has moved in a clear $10,000 step-like pattern, first breaking through $74,000, then $84,000, $94,000, and now consolidating near $104,000. This consistent progression has seen each primary level tested and breached, forming a well-defined upward channel.  According to prominent crypto analyst TradingShot in a TradingView post on May 16, this formation suggests that Bitcoin is trading within an ascending channel, indicating room for continued gains. Bitcoin price analysis chart. Source: TradingView/TradingShot If the channel holds, the next potential milestones are $114,000, $124,000, and ultimately $134,000, a key target TradingShot projects for late June or early July. However, the bullish structure comes with risks. A breakdown...

While most assets started the month of January on a great note, February wasn’t as good. Most cryptocurrencies were seen struggling in terms of price. Bitcoin’s downfall below the $100,000 level came as a major shocker. Amidst this, Chainlink (LINK) witnessed a brutal drop of 40% throughout the past month. The altcoin failed to stay put as it dropped from a high of $27.03 all the way to a low of $16.35. Also Read: Elon Musk $5,000 Tax Refund & Blasts Reporters With ‘Long Prison Sentences’ Revisiting Reasons Behind Chainlink’s Downfall Source: Binance Academy Prominent analyst Ali Martinez took to X and revealed an array of reasons behind Chainlink’s massive plummet. Firstly, Martinez addressed that the current price correlation indicates a slowdown in Chainlink activity as it coincides with a network contraction. The network has reportedly been contracting since November 30. Source: X Alongside this slowdown, LINK’s price was also impacted by the MVRV Ratio...

Bitcoin (BTC) has experienced a significant drop over the weekend , with the cryptocurrency falling below $61,000. This decline has been analyzed as part of a larger consolidation phase that has persisted for the past five months, according to a TradingView post by crypto trading expert RLinda . The analyst attributes the failure to surpass the critical $70,000 resistance and the recent drop in prices to several key factors, both fundamental and technical. Picks for you Ripple prepares to sell 200 million XRP in August, worth $110 million 1 hour ago Bitcoin flashes doom signals; Expect 'much lower' prices 2 hours ago Gold to bre...

Despite a general downturn in the cryptocurrency market, XRP Ledger (XRP) has enjoyed a bullish run in recent days, aiming to maintain gains above the critical $0.60 mark. The token has held steady above $0.617, showing a slight 3% increase over the past week. Notably, XRP has outperformed Bitcoin (BTC), with a 26% rise over the past month compared to Bitcoin’s 9% increase.  Adding to the speculation, the United States Securities and Exchange Commission (SEC) has scheduled another closed-door Sunshine Act meeting for August 1, 2024. This has fueled discussions within the crypto community about potential regulatory changes that could positively impact XRP’s performance. Picks for you 3 stocks to buy if US creates strategic Bitcoin reserve 32 mins ago ...

Samer Hasn, market analyst at asset broker XS Group, expects greater regulatory oversight in 2024. And that’s a good thing for investors, he tells crypto.news. “What we witnessed with Changpeng Zhao being convicted and stepping down from Binance management will not just stop [there],” he says. “Rather, it may make the market more compliant and transparent, which may contribute to paving the way for more confidence among lawmakers and law enforcement authorities in the U.S.” Bitcoin (BTC), as the largest crypto entity in the world, will likely be subject to dual oversight for years by the U.S. Department of Justice and the Department of the Treasury, Hasn adds. That, in turn, will “allay fears of market manipulation.” You might also like: Changpeng Zhao resigns as chair of Binance.US Crypto concerns One issue that has plagued the crypto sector is the fact that digital assets are a currency of choice for illicit activity such as m...

Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC. Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65% — due to the unanimity and decisiveness at which the United States Court of Appeals Circuit reached its decision in the recent case. “The judges unanimously repudiated the SEC’s arguments, and the agency will struggle to justify further denials as it faces deadlines,” Bloomberg analysts James Seyffart and Elliot Stein added in a separate Aug. 30 note. NEW: @JSeyff & I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of '24). While we factored Grayscale win into our prev 65% odds, the una...

The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone. The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.  Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional financial institutions is being shaken and Bitcoin is becoming more attractive as a “hedge against banking risk,” thinks McGlone.  According to McGlone, the United States Federal Reserve's unwillingness to ease monetary policy despite the banking crisis is driving the U.S. economy into a recession.  This macro environment will ultimately favor Bitcoin, which is going to outperform all other cryptocurrencies.  "The more the Bitcoin can sustain above $25,000, then the more the ...