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The Bitcoin price may surge past $185,000 next year as top companies and nation states buy into the king of cryptos, says Galaxy Research. Driven by increasing institutional, corporate, and nation-state adoption, the firm forecasts that five Nasdaq-100 companies and five countries will add Bitcoin into their balance sheets next year, further accelerating its mainstream adoption. 🔥 BULLISH: Galaxy Research predicts #Bitcoin is set to surpass $150K in H1 2025, potentially hitting $185K by Q4, driven by institutional, corporate, and nation-state adoption, with its market cap reaching 20% of gold’s. pic.twitter.com/YdFp8FywkP — Cointelegraph (@Cointelegraph) December 28, 2024 US spot Bitcoin ETFs could surpass $250 billion in assets under management (AUM) next year, with at least one wealth management platform allocating 2% or more of its assets to Bitcoin next year, the researcher said The report is also optimistic about Bitcoin’s future in the decentralize...

The Bitcoin price surged almost 3% in the last 24 hours to trade at $62,026 as of 00:22 a.m. EST on trading volume that surged 15% to $45.6 billion. The broader market also climbed about 2% after the Federal Reserve Bank’s Federal Open Market Committee (FOMC) meeting announced an interest rate cut of 50 basis points, the first in more than four years.  Bitcoin Price Bullish – Can The Bulls Sustain The Trend? The Bitcoin price has been on a sustained trend since September 7, soaring through a markup phase, according to data from GeckoTerminal . The BTC resistance around $60,700 allowed the price of Bitcoin to form a complete cup and handle pattern. BTC price finally breached the resistance and is poised for a continued bullish trend. The Bitcoin price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish stance. Moreover, the Relative Strength Index (RSI) is soaring towards the 70-overbought region, currently at 66, show...

Bitcoin price is losing its upward momentum, but data suggests traders are gearing up to buy any significant dips. Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move. A mild correction during an uptrend does not signal a trend change. It is generally a healthy sign as it shakes out weak hands. When markets are trending higher, dips are viewed as a buying opportunity, but it is better to wait for the price to find a bottom before buying. Strong support levels could be watched as potential places where buyers step in to arrest the decline. Daily cryptocurrency market performance. Source: Coin360 MicroStrategy founder and executive chairman Michael Saylor said in an interview with CNBC that if traders hold a 12-month to 48-month time horizon, the current level is...

Bitcoin might have difficulty breaking through a key resistance zone of its own accord, end-of-week analysis predicts. Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered trader s’ radar. BTC/USD 1-hour chart. Source: TradingView Trader: Bitcoin behavior at resistance "not the best" Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend. The pair recovered from a snap retest of $27,000 on Oct. 6, this coming thanks to surprise United States employment data which diverged from policy tweaks by the Federal Reserve. Now, $28,000 resistance formed the main point of interest for market participants going into the new week. In low timeframe (LTF) Analysis of exchange order books, popular trader Skew said that major bidding power was still required in order to flip $28,000 to support. “So on LTF we can see clearly the market is still trading $28K ...

Bitcoin starts the week with a trip to $26,000 — can BTC price strength overcome sellers and a weekly “death cross?” Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists. An unimpressive weekly close sets the tone for the culmination of a traditionally lackluster month for BTC price action. Having shaken off a hectic week of macroeconomic events, Bitcoin has plenty more to weather before September is over. United States gross domestic product figures for Q2 will come on Sept. 28, with Personal Consumption Expenditures (PCE) data following the day after. The highlight, however, will likely come in the form of a speech from Jerome Powell, chair of the Federal Reserve, a week after it opted to hold U.S. interest rates at current elevated levels. Inflation remains a major talking point into Q4, and Bitcoin still lacks direction as week after week goes by without a clear upward or downward trend emerging. Will this week be different? The cou...

BTC price is at a decision point within the context of the Bollinger Bands, but only time will tell whether Bitcoin can muster a breakout, their creator says. Bitcoin (BTC) could see fresh upside volatility as BTC price strength revisits key levels, a classic metric suggests. In an X post on Sep. 18, John Bollinger, creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for a breakout decision. Bitcoin Bollinger Bands eye start of "walk up" After hitting new September highs the day prior, Bitcoin is challenging resistance levels out of reach since mid-August, data from Cointelegraph Markets Pro and TradingView shows. For Bollinger, the signs from the largest cryptocurrency are encouraging. Bollinger Bands use standard deviation around a simple moving average to determine both likely price ranges and volatility. Currently, BTC/USD is putting in daily candles which touch the upper band. When this happens, it can signal an imminet reversal back ...

Bitcoin halving data will not be reflected in the market for a year or more, says Jesse Myers. Bitcoin (BTC) will only hit six figures after its 2024 block subsidy halving , not before, Bitcoin investor and author Jesse Myers believes. In an X post on Aug. 15, Myers, who is co-founder of Bitcoin investment firm Onramp, said that the market will only “price in” the halving post factum . Markets not "efficient" with Bitcoin halving Bitcoin’s four-year halving cycles are back in focus as the next halving event looms in the first half of next year. Miners will see the reward earned per block of transactions drop from 6.25 BTC to 3.125 BTC, while the corresponding drop in emission and its impact on supply and demand is getting analysts excited. Four Myers, however, markets will only bear out those implications after the halving has happened. “Bitcoin won't surge to $100k before the next halving,” he summarized. Justification comes in the form of criticism of market intuition....

After today's Bitcoin ETF decision delay, BTC's boring price action looks set to carry on through the weekend. Bitcoin (BTC) continues to frustrate investors with its tight range consolidation, giving no clue about the possible direction of the breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it happens.  A minor positive in favor of the bulls is that they are holding on to a large part of the gains seen in 2023. That indicates a lack of urgency among the bulls to book profits as they anticipate the uptrend to resume. Daily cryptocurrency market performance. Source: Coin360 Bloomberg senior ETF analyst Eric Balchunas highlighted that 15 of the best performing equity exchange-traded funds in 2023 have been crypto-related with exposure to crypto and blockchain. Do Bitcoin and the select altcoins show any signs of a potential breakout from their respective ranges? Le...

Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped. A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares published on July 10.  This week’s inflows registered $136 million. Bitcoin (BTC) funds continued their trend of holding the anchor position, with 98% of the inflows coming from BTC. The other 2% mostly came from Ether (ETH), multi-asset holdings, and a handful of altcoins. Source: Screenshot, CoinShares  After nine weeks where digital asset outflows outpaced inflow s, this third consecutive week of positive movement brings the current streak’s total to $470 million. According to Coinshares, this total fully corrects for the previous outflow streak. This brings the last 3 consecutive weeks inflows to US$470m, fully correcting the prior 9 weeks of outflows. Trading turnover has slowed though, which might be expla...

The debt ceiling talks remain in focus and are likely to dictate the price action in the S&P 500, DXY and cryptocurrency markets in the near term. The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility. The next big question troubling crypto investors is how will Bitcoin react to such an event. Bloomberg’s latest Markets Live Pulse survey indicates that Bitcoin (BTC) could be the third most preferred asset class behind Gold and U.S. Treasuries should the U.S. government fail to prevent a debt default. Daily cryptocurrency market performance. Source: Coin360 Billionaire fund manager Paul Tudor Jones told CNBC that he is holding his Bitcoin and will always have some portion of his portfolio in it. What are the important support and resistance levels to watch ...