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The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months.
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A crypto analyst has suggested that Bitcoin’s price movements were indicative of a potential surge to $300,000. The analyst has revealed key technical indicators and patterns that could signal BTC’s drive to a new target all-time high.
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The direction of where the Bitcoin price could be headed next has been a bone of contention among industry players. Numerous forecasts have been made for the pioneer cryptocurrency, but one crypto analyst maintains that Bitcoin continues to be bullish even through its current choppy movements.
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Crypto analyst Bluntz Capital has predicted a strong price surge for Bitcoin in the coming days, and a new all-time high could be in the books. Bluntz dropped his two cents on Bitcoin’s trajectory on the social media platform X, amidst various price outlooks for the cryptocurrency in recent days.
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A crypto analyst has shed light on the latest trends regarding the Bitcoin (BTC) dominance within the crypto market, suggesting a potential shift in investor sentiment as they diversify their portfolios beyond the pioneer cryptocurrency.
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Kadan Stadelmann, the Chief Technology Officer (CTO) of Komodo, an open-source technology workshop, has raised concerns about the increasing centralization of the world’s largest cryptocurrency, Bitcoin.
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On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading. This decision has been a long time in the making and has been expected by all in the crypto community.
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Grayscale’s Chief Executive Officer (CEO) Michael Sonnenshein recently revealed when his company will reduce fund fees for the Grayscale Bitcoin Trust (GBTC). His statement comes amid concerns about outflows from the fund, which have continued to overwhelm the Bitcoin ecosystem.
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Despite already possessing more Bitcoin than over half the crypto community, numerous BTC whales continue to rapidly acquire the cryptocurrency. Thus, taking advantage of any slight dips in its price as buying opportunities to purchase and HODL the pioneer cryptocurrency.
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Bitcoin (BTC) is back below $70,000 after momentarily rising above this psychological price range on April 7. This price action suggests that the bears are still in control, which could remain the case throughout this week. As the tug of war continues, here are some key events to watch out for.
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Bitcoin has continued to trade sideways since hitting a new all-time high (ATH) of $73,750. That has raised concerns that BTC’s bullish momentum in this bull run may be shortlived.
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Shiba Inu continues to defy expectations years after it first launch with its continuously growing community. The interest in the dog-themed coin has caused its trading volume to rise across exchanges, and in some cases, becoming the top traded coin.
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While many financial experts and crypto investors believe that Bitcoin could potentially surpass gold as a universal store of value, renowned economist and global strategist, Peter Schiff has consistently contrasted BTC’s potential with that of gold, asserting that the cryptocurrency pales in compar
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