Despite Bitcoin’s (BTC) recent rally, some analysts still predict a price crash to $20,000. There are a number of reasons for this prediction, including: Analysts who predict a Bitcoin price crash to $20K point to a number of technical factors. One technical factor that is often cited is the 200-day moving average. The 200-day moving…
Is Bitcoin price going to crash again? Bitcoin is the world’s largest cryptocurrency by market capitalization. It has been known for its volatile price swings, which have led to both significant gains and losses for investors. In 2021, Bitcoin reached an all-time high of over $69,000. However, the price has since fallen significantly, and it…
Bitcoin halving to raise ‘efficient’ BTC mining costs to $30K Bitcoin (BTC) halving is a scheduled event that reduces the block reward for miners by 50% every 210,000 blocks. The next halving is expected to occur in April 2024. Bitcoin halvings have a significant impact on the mining industry. When the block reward is reduced,…
Bitcoin to $27K next? 1-week BTC price highs precede speech by Fed’s Powell Bitcoin (BTC) has been on a tear in recent days, reaching one-week highs of over $26,800 on September 28, 2023. This comes ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell, which could have a significant impact on the…
3 reasons why Bitcoin miners are selling BTC — and why it’s not capitulation Bitcoin miners are selling BTC for a variety of reasons, but it’s not necessarily a sign of capitulation. To cover costs Bitcoin miners sell BTC to cover their costs, such as the cost of electricity and hardware. Mining Bitcoin is an…
Bitcoin shorts keep burning as BTC price seeks to hold $27K Bitcoin shorts continue to be liquidated as the price of the cryptocurrency seeks to hold the $27,000 level. This is a positive sign for the bulls, as it suggests that there is strong demand for Bitcoin at these levels. What are Bitcoin shorts? A…
Price analysis 9/29: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC Bitcoin (BTC) Bitcoin (BTC) is trading at $26,760, up 1.2% in the past 24 hours. The bulls are trying to push the price above the $27,000 resistance level. If they succeed, it could lead to a further price rally. However, if the…