Bitcoin analysis

With the highly anticipated Bitcoin halving quickly closing in, crypto analysts have their eyes glued to the markets, speculating on potential price movements. One prominent voice, Rekt Capital, points to a pattern from previous cycles. According to the analyst, in just four days, Bitcoin will officially enter what they term the “Danger Zone” – a period where […]

After two weeks of consolidation, the world’s biggest cryptocurrency, Bitcoin (BTC), smashed past $57,000 earlier today in a massive breakout. As of press time, the Bitcoin price today is $ 56,141 with a 24-hour trading volume of $ 64.00B; the BTC price increased 8.98% in the last 24 hours, with its market cap going over $1.1 trillion […]

Bitcoin price prediction shows remarkable strength and significantly shrinks the chances of a major correction occurring before the much-anticipated pre-halving rally kicks in. If anything, many analysts believe BTC may have already confirmed the early stages of this pre-halving uptrend. The $52,000 mark, which has become a key support level for Bitcoin, is a level […]

Bitcoin surged past the $50,000 mark on Feb 12th, 2024, and this remarkable spike coincided with heightened institutional demand and potential interest rate cuts. The imminent Bitcoin halving marks a significant departure from the conditions observed two years ago. The last time #BTC was at $50,000: – >50% of supply held by lettuce hands– Terra/Luna […]

A pivotal shift in Bitcoin market dynamics is on the horizon, as suggested by an insightful analysis from asset management firm Grayscale. With April’s highly anticipated halving event, experts predict that fundamental changes to cryptocurrency’s demand-supply equation will profoundly influence its price trajectory. Bitcoin has historically shown significant price increases following halving events, which reduce […]

Bitcoin’s on-chain volume hit $1.21 trillion in January 2024, surpassing any month since September 2022. The volume tripled September 2023’s $400 billion total, according to data from The Block. Bitcoin’s transaction volume has risen consecutively for the fourth month since January, rebounding from a low of $550 billion in September 2023. The January 2024 total […]