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Tag Archives: Forecasts

JPMorgan Sees Institutional Opportunity Due to Falling Bitcoin Volatility

A drop in volatility in Bitcoin (BTC) can have a good effect on attracting large players. At least analysts of the American bank JPMorgan think so, writes Bloomberg. According to experts, the recent decrease in cryptocurrency volatility creates conditions for the arrival of institutional investors. JPMorgan said: We believe that a potential normalization of bitcoin volatility is likely to help revive...

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Bitcoin Hits $60K, Edges Closer to Breakout

On Friday, Bitcoin briefly hit $60,000 and surged above the psychological hurdle. This is the fourth time the coin is retesting $60k in a slow grind back to its all-time high of $61,000. TradingView showed bullish tendencies remaining overnight for the BTC/USD pair. A correction below $60k pushed the king cryptocurrency back to $59,000. At 11:19 GMT on Friday, the coin was exchanging hands at $59,810, only about $200 away from $60,000...

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As the Second Quarter Begins, Bitcoin Is in Its Best Year Yet

As the second quarter begins, Bitcoin price is looking at its strongest three-month gain than any quarter since 2013. With a 103% gain in the first 3 months of 2021, the coin looks primed for more. Typically, March has been a bad month historically for Bitcoin. However, the king cryptocurrency saw a  massive increase of nearly 30% over the month is strong evidence that this year is different. Moreover, it was during this year that Bitcoin tested an all-time high of $61,000, a record high...

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$73K Is the Next Key Level As PayPal Begins Bitcoin Payments

Bitcoin price began a rebound since the start of the week. It is once again approaching current record highs, handing the price baton back to the bulls. At 17:06 GMT on Tuesday, the price of a Bitcoin was trading at $58,791, a gain of 1.8% over the last 24 hours. In the run-up to the options expiry last Friday, Bitcoin saw price corrections throughout the week. While a rebound is not new in the cryptocurrency market, Bitcoin is currently about $1,000 away from $60,000. The consolidation...

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These 5 Factors Will Affect Bitcoin Price This Week

Bitcoin (BTC) price enters the new week with only a short distance left to reach an all-time high. After overcoming the weekend in a fairly positive way, the price remained higher without experiencing a deeper price drop than last week. $50,000 worked as net support. What’s next for Bitcoin now? EarnForex discussed five factors that could shape the Bitcoin price action in the coming days. Stocks volatility a knock-on effect for BTC An unusual opening is likely for US stocks...

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Bitcoin Subjected to Increased Bearish Pressure

Bitcoin price has been under a lot of bearish pressure lately as the coin fell to the $52,000 level during the week. At 14:15 GMT on Saturday, the coin was trading at $54,747, a 2.9% increase in the last 24 hours. While the king cryptocurrency is looking to recover, how soon can it get above the previous all-time high of $62,000? During the last week, BTC witnessed a drop of over 5%. However, the gradual uptrend in the price movement looks encouraging. Since the start of the month,...

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What to Expect As $6 Billion Bitcoin Options Will Expire Today

According to cryptocurrency company Bybt, the $6 billion worth of Bitcoin options contracts is due on Friday. This gigantic amount arose from the steady growth of open interest in the Bitcoin options market. When the first cryptocurrency rose above the $13.5 billion mark, open interest skyrocketed to $13.5 billion. In two months, the figure rose by more than 60%. Open interest in bitcoin options. Source: Bybt According to the data...

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Bitcoin Price Takes a Massive Hit, Pushes Market Cap Below $1 Trillion

After enjoying a good run in the second week of March, Bitcoin price has taken a massive hit this week as the price continues to bleed. Yesterday, there seemed to be some relief after the price touched $57,230. The price soon melted. At 12:58 GMT on Thursday, the price was trading at $51,528, a loss of almost 10% in the last 24 hours. As the digital asset corrects, investors have not taking this lightly. Many have resorted to taking profit. Cumulatively, BTC investors have...

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Analysts Predict Bitcoin’s Price at $80,000 by April As Tesla Allows BTC Payment

As Bitcoin price continues to trade at the mid-$50,000, indicators are turning more bullish. At 18:23 GMT on Wednesday, Bitcoin was exchanging hands at $55,696, up 0.57% over the last 24 hours. Despite the strained movement of the coin as it barely holds above its support level, Glassnode co-founders, Yann Allemann and Jan Happen have shared data from the analytics firm that shows that Bitcoin could be poised...

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Bitcoin Could Drop to $25,000, Timothy Peterson Predicts

After the recent decline in the Bitcoin (BTC) price, predictions that more declines could be seen began to be made. On March 21, investment expert Timothy Peterson, who shared a market assessment on Twitter, talked about the sales made by Bitcoin whales and stated that a deeper correction should be expected. According to his assessment, BTC wallet addresses with a large amount are decreasing and that is associated with bear markets. The number of addresses that contain more than 1,000 BTC....

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