Bitcoin bubbles may aid its long-term adoption, as per an analyst. Maximalists remain optimistic about BTC despite short-term concerns. Matt Huang, the co-founder of Paradigm ventures, believes that Bitcoin has been going through bubble phases that impact its overall health. According to him, bubbles are created when short-term traders start to buy BTC due to […]
Another indicator that suggests Bitcoin may be in trouble in the short term would be the large number of addresses in profit. They have reached an 11-month high of 31,579,467.387.
These factors may affect Bitcoin’s price negatively. But, it should be noted that the king coin’s adoption also increased in the past year. According to data from Glassnode Bitcoin network’s generated fees went up over the past few days.Despite all the negativity surrounding BTC, Balaji Srinivasan, the former CTO of Coinbase, remains optimistic about Bitcoin’s future. He went as far as to betThe ex-Coinbase exec believes that the U.S.
In short, the Fed has chosen to monetize the debt in the messiest way possible: an orgy of money printing and bank runs. $150B has already hit the banks and more is on the way.
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Assessing the odds of Bitcoin touching $32,000 in the near termA recent analysis revealed the possibility of BTC’s price touching $32,000. However, on-chain metrics suggested that BTC’s chart can head in any direction. Bitcoin [BTC] continues to push its price upward and it even crossed the $27,000 mark recently. At press time, BTC was up 4.5% and was trading at $27,331.13 with a market capitalization of […]
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Bitcoin bulls stand firm as short-term traders prepare for a potential dipShort-term holders have increasingly sold their BTC holdings in the last few days. However, bullish sentiment remains in the market. According to pseudonymous CryptoQuant analyst Cryptohell, Bitcoin’s [BTC] Exchange Reserve metric has spiked due to the king coin trading at a nine-month high, indicating that traders have been cashing in on the recent surge in […]
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Bitcoin makes a new high of $27K- Are shorting opportunities limitedDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Bitcoin made a new high recently. The bulls were adamant despite lingering sell pressure. Bitcoin [BTC] retested the $26K price level twice within a week. Investors partly fueled the retest, seeking alternatives following the […]
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I asked ChatGPT Bitcoin’s price prediction for 2025-2030 and it gave me…Assuming that you currently hold/trade Bitcoin [BTC] or any of the other altcoins in existence, the fact that you are reading this implies that you are well acquainted with the volatile nature of this class of assets. BTC’s journey to becoming the world’s largest cryptocurrency began in 2009, with an initial value of less than […]
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Bitcoin [BTC] to slide under $20k soon? These metrics suggest…BTC’s NVT golden cross reached 8.49, suggesting a possible market top. Most of the metrics were bearish, but whale accumulation increased. Bitcoin [BTC] managed to stay above $25,000 for a few days, which gave investors a reason to celebrate. As per CoinMarketCap, BTC was up by over 5% in the last 24 hours. At the […]
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I asked ChatGPT XRP’s Price Prediction after SEC-Ripple lawsuit and it said…ChatGPT is bullish on XRP However, its limitations need trader’s moderation to get better results XRP’s performance has been subdued since the U.S Securities and Commission’s [SEC] lawsuit against Ripple Labs in 2020. In fact, since the lawsuit, Bitcoin’s [BTC] subsequent price rallies haven’t pumped XRP like other altcoins. For example, BTC hiked by 30% […]
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