A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset. A potential return of Bitcoin $69,492 to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst. Escape velocity is a…
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Adding to the bullish technical formation, Bitcoin’s distribution ‘danger zone’ has officially ended, according to popular analyst Rekt Capital. A popular Bitcoin chart formation suggests that Bitcoin’s price could break out from its current range. However, this week’s macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside? Is a Bitcoin breakout…
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Bitcoin has almost completed its prime BTC price drawdown phase after April’s halving, the latest analysis confirms. Bitcoin challenged $60,000 support into the May 10 daily close as the classic post-halving “danger zone” spooked bulls. BTC/USD 1-hour chart. Source: TradingView BTC price gives up gains above $60,000 Data from and TradingView showed intraday BTC price lows of $60,190…
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“I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction. Twitter co-founder Jack Dorsey says the price of Bitcoin could reach a price of at least $1 million by the year 2030, adding that its value could grow even further from that point onwards. Speaking in a…
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Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024. Earnings from Bitcoin mining dropped significantly in May as the effects of the fourth Bitcoin halving event set in. The Bitcoin halving mechanism was designed to increasingly limit the issuance of…
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According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade. A dormant Bitcoin address dating back to the era when Satoshi Nakamoto was still active has woken up after 10 years. The Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets…
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The long-term Bitcoin trend indicators, the 200-day and 200-week moving average, are at the highest-ever levels with Anthony Pompliano saying BTC is “as strong as ever.” Bitcoin’s 200-day moving average is at an all-time high of $50,178, a key technical indicator for predicting long-term Bitcoin price trends suggesting a bullish long-term outlook. The indicator hit…
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An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence. The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment for the network 15 years after its creation. Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 had been reached, which was mined into block 842,241 at 9:34 pm…
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Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000. Bitcoin and Ether options contracts worth a combined $2.4 billion are set to expire on May 3, which could lead to increased market volatility. A Bitcoin options contract is a derivative contract that allows…
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Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement. The Bitcoin whale entity nicknamed “Mr. 100” has bought the Bitcoin dip for the first time since the Bitcoin halving. Meanwhile, multiple market analysts suggest that…
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