|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Price returned to $101.5K, ending this week at a high price. Despite this rally, buy orders on social media have been surprisingly quiet, indicating cautious sentiment among traders. For those trying to time their trades, past trends and mar
Dec 17, 2024 at 02:47 pm
returned to $101.5K at the end of the crypto week. Buy orders on social media are being watched. Ahead of Bitcoin's next big move, this chart will be very helpful on when to buy (while the crowd is panicking) and when to sell (while the crowd is getting greedy). 👇https://t.co/Ub7Cb7UyqA pic.twitter.com/WmaF2YFi8Z
As Bitcoin price nears the $100,000 mark once again, crypto market participants are keeping a close eye on the next major swing in sight. While some anticipate the next market top, others believe the peak has already passed.
As Bitcoin price nears the $100,000 mark once again, crypto market participants are keeping a close eye on the next major swing in sight. While some anticipate the next market top, others believe the peak has already passed.
In a recent tweet, Ali highlighted three possible scenarios for Bitcoin's next market top. Based on the price patterns of the 2015 and 2018 cycles, the next peak could hit in October 2025. However, if Bitcoin follows the trajectory of its 2011 cycle, the market top may already be in. This scenario is determined by the varying slopes of Bitcoin's price rallies, which differ across each cycle.
If #Bitcoin follows the patterns of the 2015 and 2018 cycles, the next market top could hit in October 2025. But if $BTC mirrors the 2011 cycle, the market top is already in!
If #Bitcoin follows the patterns of the 2015 and 2018 cycles, the next market top could hit in October 2025. But if $BTC mirrors the 2011 cycle, the market top is already in!
pic.twitter.com/YSEzKKf95T
— Ali (@ali_charts) December 13, 2024
This analysis aligns with the recent discussion among crypto analysts regarding the possibility of Bitcoin's next halving event occurring in April 2024. If this timing proves accurate and Bitcoin price continues to follow its historical cycles, we might expect to see a new market top around H2 2025.
Meanwhile, Bitcoin miners are making headlines with their significant sell-offs. According to Ali's analysis, Bitcoin miners have sold over 140,000 BTC, amounting to a staggering $13.72 billion so far in December. Such large-scale miner sell-offs are known to influence short-term price movements and contribute to the overall volatility in the crypto market.
So far in December, #Bitcoin miners have sold over 140,000 $BTC, totaling to $13.72 billion!
pic.twitter.com/1g3sCo6uJM
— Ali (@ali_charts) December 14, 2024
On the other hand, Bitcoin spot ETFs are seeing massive inflows. According to Wu Blockchain, these ETFs recorded a total net inflow of $429 million on December 13, continuing a 12-day streak of net positive inflows. Notably, BlackRock's IBIT ETF saw the highest daily inflow at $393 million.
On the other hand, Bitcoin spot ETFs are seeing massive inflows. According to Wu Blockchain, these ETFs recorded a total net inflow of $429 million on December 13, continuing a 12-day streak of net positive inflows. Notably, BlackRock's IBIT ETF saw the highest daily inflow at $393 million.
Collectively, these ETFs have a total net asset value of $114.969 billion, indicating strong institutional interest in the leading cryptocurrency. This news comes amidst anticipation for the upcoming launch of Grayscale's spot Bitcoin ETF.
Bitcoin spot ETF had a total net inflow of $429 million on December 13, continuing its net inflow for 12 consecutive days.
BlackRock ETF IBIT had a net inflow of $393 million per day.
The total net asset value of Bitcoin spot ETF is $114.969 billion.https://t.co/59u0BnEqLG pic.twitter.com/dkQIYxF4Y8
— Wu Blockchain (@WuBlockchain) December 14, 2024
As Bitcoin price continues to make headlines, the crypto market is watching closely for signs of the next major price swing in sight. Whether the market top is still ahead or already behind us, understanding historical cycles and monitoring key data points will be critical for navigating the road ahead.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Christian Lindner Calls for Urgent Bitcoin Policy Reforms to Position Germany Competitively Within the Global Crypto Landscape
- Dec 17, 2024 at 06:35 pm
- In an address to the Bundestag on December 16, Christian Lindner (Free Democratic Party – FDP), the former Finance Minister of Germany, delivered a scathing critique
-
- New Bitcoin Accounting Rules Go Live, Impacting Businesses and Investors Globally
- Dec 17, 2024 at 06:35 pm
- The update, introduced by the Financial Accounting Standards Board (FASB), aims to provide greater clarity and consistency for the way Bitcoin and other cryptocurrencies are handled in financial reporting.