An analyst who accurately predicted Bitcoin's 2025 peak suggests BTC will likely consolidate sideways for the next few months before a significant upward trend. Historical patterns show Bitcoin tends to range and consolidate in bear markets rather than recover sharply. The analyst points to Bitcoin's supply in profit metrics indicating a bottom is near, with BTC potentially reaching around $52,000 before rallying. Current price is about $61,557, down slightly on the day.
Mike McGlone, a Bloomberg Intelligence strategist, warns that US stocks and Bitcoin may face a significant correction due to extreme valuations. The ratio of US stock market capitalization to GDP has reached about 2.5 times, a near 100-year high, sig...
Bitcoin price odds for June 10 and June 15 have dropped significantly, reflecting reduced confidence in Bitcoin reaching higher price levels amid broader market declines. This shift aligns with investor caution ahead of the US Consumer Price Index (C...
More than 8.33 million Bitcoin are now held at an unrealized loss following a market correction that pushed prices below $60,000. Data from Glassnode shows a sharp rise in Bitcoin supply in loss, reflecting many investors buying near recent highs now...
Bitcoin is trading near $61,000 ahead of U.S. May inflation data expected to show a 4.2% year-on-year rise, the highest in three years. This inflation figure, well above the Fed's 2% target, could increase expectations for interest rate hikes, pressu...
Crypto markets are under pressure with bitcoin dropping below $61,500 and trading under its 200-week moving average, signaling a potential prolonged bear market. Traders are increasingly shorting major tokens like bitcoin, ether, and XRP, reflecting ...
