Veteran trader Peter Brandt predicts Bitcoin will bottom between $40,000 and $50,000 by early October 2026 before starting a multiyear rally that could push it above $250,000 by late summer 2029. Brandt bases this on a historical cycle pattern he calls the "banana model" and expects retail investors to capitulate before the bottom forms. Despite short-term bearishness, he remains bullish long-term, viewing Bitcoin as a superior store of value alongside gold. He also pushed back the timeline for Bitcoin reaching $1 million to 2031 or 2032, citing quantum computing as a bigger long-term risk than regulatory changes.
Bitmine Immersion Technologies purchased an additional 9,926 ETH, bringing its total Ethereum holdings to about 5.8 million ETH, or 4.8% of the total supply, nearing its 5% target. Chairman Tom Lee highlighted the rising ETH/BTC ratio as a sign of in...
Bitcoin price recovered above $63,600 after dipping to around $62,650, driven by conflicting reports about a US-Iran ceasefire extension. While some sources claimed the 60-day ceasefire was extended, neither government confirmed this, and the negotia...
Bitcoin recently closed a weekly candle below its 200-week moving average for the first time since June 2022, trading around $58,000 to $62,000. This moving average has historically marked bear market lows and acted as strong support during downturns...
Bitcoin showed volatility as reports surfaced about a US-Iran agreement to extend a 60-day ceasefire, which was set to expire. However, Iran's Foreign Ministry clarified there is no binding 60-day deadline in their memorandum with the US, dismissing ...
Bitcoin stabilized above $63,000, gaining 0.8% amid a rebound in U.S. equities, with Nasdaq futures hitting a high since early July. However, U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, marking the largest withdrawal in six wee...
