Bitcoin’s Bullish Boost: Crossing 21-Month Moving Average Barrier
Bitcoin surpasses the 21-month moving average, historically indicating that the cryptocurrency has never experienced a new low after this point.
Bitcoin surpasses the 21-month moving average, historically indicating that the cryptocurrency has never experienced a new low after this point.
With a minimum loss of -9.2% and a maximum loss of 61.2%, investors who keep their investments for more than a day but less than 24 months, are still losing money.
According to reports, this year’s HODLing record for Bitcoin (BTC) has been broken. 66.5% of Bitcoin, according to the statistics, has not been moved.
According to Michael Saylor, Bitcoin is now the dominant global monetary network. Despite harsh market conditions, BTC`s annual transfer volume is at its highest.
It is more difficult recently to perform a 51% attack within the Bitcoin network. A 30d EMA’s measurement of BTC`s Hashrate is at an all-time high. With a 24-hour trading volume of $15,932,234,318 USD, the price of one bitcoin is currently $19,161.35 USD. The Hashrate is hitting new highs as Bitcoin’s (BTC) values are reaching new lows due to a more substantial negative drive. As miners continue to make significant investments in the infrastructure of the Bitcoin ecosystem throughout the bear market, network fundamentals are still strong. As a result, it is more challenging to conduct a 51% assault within
Where will the price of Bitcoin (BTC) reach in the year 2030? A group of crypto users expect to see between $150K-$200K.
Since its creation on January 3, 2009, more than 13 years ago, the price of BTC, the leading crypto, has fluctuated wildly, peaking in 2011, 2015, and 2019.
Bitcoin closed at $20,059 in August 2022. From the performance of BTC price since 2010, many do not expect an ATH in 2022. Instead, the charts point at new Bitcoin price surges for the next three years. The crypto Twitter space was in a heated discussion over the future price of Bitcoin. One tweet highlights the fact that Bitcoin closed at $20,059 in the month of August, 2022. This tweet was accompanied by a Bitcoin Stock-to-Flow model chart. As we can see from the tweet above, the discussion sparked from a renowned Bitcoin and crypto trader and investor. The tweet
The Bitcoin bulls continued to stand out in the market. Addresses holding 100 to 10,000 BTC coins are at their highest level since June 11. The price had to test the bottom support of the triangle due to recent price action. The selling pressure has caused the price of Bitcoin to decline more dramatically over the last few days, which has caused an exceptionally pessimistic trend. The bulls continue to stand out as they seem to be watching for the ideal moment to reenter and seize power. As the Whales have been continuously accumulating recently, the BTC price is anticipated
Crypto Twitter is a buzz as the price of Bitcoin (BTC) is back up over $24,000. The price of Bitcoin (BTC) has gone up by 37% in just 8 weeks alone. The number of Bitcoin ATMs worldwide has increased by 40x since 2017. The crypto Twitter community is in a complete frenzy as the industry is overjoyed by Bitcoin (BTC) finally kicking into bullish gear. After a couple weeks of steady price increase, the pioneer cryptocurrency has finally broken through the $24,000 threshold. At the time of writing, the price of Bitcoin (BTC) is $24,136.7. This is an increase of
The FED announced another rate hike increase on Wednesday. The US enters a “technical” recession. Yet, Bitcoin’s price is holding at the $23k mark, up 2.65% in the last 24 hours. The crypto market was expected to be shaky this week, especially after the US entered recession and the US Federal Reserves raised interest rates by 0.75% on Wednesday. The Federal Reserve announced on Wednesday another increase of its interest rate in an effort to fight inflation. According to the government’s press release, the unemployment rate has remained low in recent months. However, the elevated inflation has caused imbalances in
Cynthia Lummis mentioned that she is still bullish on Bitcoin. The senator is not alone in her bullishness on Bitcoin. She thinks that the long-term prospects for bitcoin are excellent. Reports have arisen with a US senator, Cynthia Lummis mentioning that she is still bullish on Bitcoin because she believes in the long-term potential of the technology. While the short-term price movements are always hard to predict, She thinks that Bitcoin has a lot of upside potential in the long run. With more and more people becoming aware of Bitcoin and its benefits, the senator believes that the Bitcoin price