China News by Thebittimes.Com

An analyst known for nailing the end of the 2021 crypto cycle believes that Bitcoin’s drop below $80,000 is designed to lure BTC bears into thinking that the bull market is over. Pseudonymous analyst Capo tells his 942,200 followers on the social media platform X that he thinks Bitcoin is now process of carving a mid-bull cycle bottom following a substantial correction from its all-time high of around $110,000. According to the trader, BTC’s plummet to a 2025 low of $76,000 is a bear trap or a false breakdown that would lead to a sharp bullish reversal with altcoins leading the charge. “Bear trap went lower than expected, but the local bottom should be in or very close. A strong relief bounce is likely over the next few days, with altcoins expected to outperform Bitcoin.” On the instant messaging platform Telegram, Capo says that he’s starting to see signs of strength for Bitcoin and altcoins in the lower time frames. “Ideal...

BitMEX founder and crypto industry veteran Arthur Hayes says there’s a massive trade to play as the digital asset market edges higher. In a new interview on the CryptoBanter YouTube Channel, Hayes says that the crypto bull market started in March of 2023 when the Federal Reserve printed trillions of dollars to support the struggling US banking sector. Hayes refers to the move as a “stealth” printing of money that ultimately triggered Bitcoin’s (BTC) move into a new bull market. “Every bull market feels good in the beginning and then it gets overextended and then we fall. We’ve started the bull market. We started in March 2023 when the Fed stealth printed $4 trillion, Bitcoin went from $20,000 to $74,000 and now we have the president and all of his people lined up saying ‘We are going to print as much money as possible to try to undo 30 years of Chinafication of global manufacturing,’ and so that is a massive trade.  ...

Economic analyst Jim Cramer asserts that Bitcoin’s recent resilience and technological prowess signal its permanence as it surges past $45,000 amid anticipation of a spot Bitcoin ETF approval. He confidently stated, “You can’t kill Bitcoin,” and emphasized its permanence, declaring it “here to stay.” Cramer further commended Bitcoin (BTC) as a “technological marvel” due to its perseverance despite challenges. JIM CRAMER CAPITULATES️: You can't KILL Bitcoin. It's here to stay.#Bitcoin pic.twitter.com/DQ6dlj0kDf — Swan Media (@Swan) January 2, 2024 You might also like: Polymarket investors confident of spot Bitcoin ETF nod by Jan. 15 The context for Cramer’s comments lies in Bitcoin’s recent surge above $45,000, a milestone not reached since 2022. The anticipation of imminent approval for a spot Bitcoin ETF is seen as a potential catalyst that could drive the cryptocurrency’s price even higher, ...

Cryptocurrency hedge funds are making a significant comeback after suffering massive setbacks in 2022. Several of these funds are recovering and seeing remarkable growth, with optimistic projections for 2024. Pantera Capital, a leading name in the cryptocurrency fund sector, is a prime example of this resurgence. Despite a steep 80% decline in 2022, according to Bloomberg reports, Pantera Capital’s Liquid Token Fund has rebounded impressively, boasting an increase of nearly 80% as of mid-December. You might also like: Crypto hackers managed to steal $2b in 2023 The fund’s current investment strategy includes a significant stake in dYdX, while its combined investments in Bitcoin and Ethereum constitute less than 40% of the portfolio. Another notable performer is Stoka Global LP, a fund focusing primarily on alternative cryptocurrencies called altcoins. As of the end of November, Stoka Global LP reported a substantial gain of 268% for the year. This resurgence...

The Bitcoin price prediction shows that BTC is likely to follow the bearish movement as the price remains below the moving averages . Bitcoin Prediction Statistics Data: Bitcoin price now – $19,173 Bitcoin market cap – $367.7 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $22,000, $24,000, $26,000 Support Levels: $17,000, $15,000, $13,000 Buy Bitcoin Now Your capital is at risk According to the daily chart, BTC/USD is could experience an unexpected selloff as far as the market price remains below the 9-day and 21-day moving averages . The first digital asset touches the support of $19,021 today. A reversal is been played out, and it could send the king coin above the resistance level of $20,000 if the buyers increase the buying pressure within the market. Bitcoin Price Prediction: Bitcoin ...