Author: Ali Raza

Bitcoin, the leading cryptocurrency market, has recently surpassed a critical resistance level, and its potential for further ascent has been the subject of multiple commentaries. According to a recent technical analysis, Breakout from a descending triangle is already underway. This is highly bullish because previous instances of this pattern have coincided with large price gains. Now that Bitcoin’s price has risen beyond this crucial mark, people are watching to see whether it can maintain its recent surge. Bitcoin’s Breakout and Key Support Levels The descending triangle is another chart pattern that shows a series of falling highs along a horizontal…

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Permabull Tom Lee recently made an interview on CNBC, where he predicted that by 2024, the price of Bitcoin might skyrocket to $250,000. The regulatory environment is becoming considerably better in 2025, according to Lee, therefore investors should think about a substantially larger Bitcoin exposure then. Furthermore, Lee has forecasted that Ethereum (ETH), the cryptocurrency with the second-largest market cap, might experience a jump up to $6,000. It would suggest that the analyst strongly believes that 2025 could witness an all-season, with Solana and other alternative cryptocurrencies possibly achieving “extremely well.” Bitcoin to Reach $250K by 2025 Lee was quoted…

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The netflows of Bitcoin ETFs in the US have been negative over the past three days running up to Christmas. Furthermore, these exchange-traded funds (ETFs) temporarily dampened Bitcoin’s upward momentum by setting a new record for single-day outflows. Nonetheless, there was a net inflow of capital into Ethereum ETFs in the US, which is a positive indicator. $1.2B Bitcoin ETF Outflow Raises Concerns The last three trading days saw a nearly $1.2 billion drain from Bitcoin ETFs, according to data from SoSoValue. The most notable outflow since the approval of Bitcoin ETFs occurred on December 19, when $680 million was…

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In 2024, many cryptocurrencies, notably Bitcoin, reached new record highs, and the United States government approved Bitcoin spot ETFs. Following this, Ethereum ETFs were introduced.  With a 145% increase so far in 2024 and a record high of $108,268 reached on December 17th, Bitcoin has been a wild ride. Not only that, but Solana, BNB, and PEPE all hit new all-time highs afterward. USDT Rise as MicroStrategy Joins Nasdaq The demand for USDT, Tether’s dollar-pegged stablecoin, has surged as the price of Bitcoin and other cryptocurrencies has reached fresh record highs. Bitcoin Hits Record: This year, the token’s market value…

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The biggest bitcoin options expiry ever, the price of bitcoin (BTC) has been dramatically changing over the past few hours, reaching a low of $92,800 earlier today. The expiration of $14 billion worth of bitcoin options open interest (OI) is scheduled for this coming Friday. $14 billion BTC options expire in 2024 The CEO of Deribit, Luuk Strijers, informed Bitcoin.com News that there are seven puts for every ten calls, for an expiration put-call ratio of 0.69. He said that with 146,000 contracts outstanding, December’s expiry is far larger than any other. The next highest expiry, in March 2025, holds…

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Earlier today, a tremendous Bitcoin (BTC) change disrupted the tranquility of Sunday morning. Two anonymous wallets allegedly transferred 8,427 BTC, or $818.69 million, according to a report by Whales Alert. In the cryptocurrency world, significant transactions often make headlines, significantly when large amounts of Bitcoin (BTC) change hands. Recently, a staggering $818 million worth of Bitcoin has been transferred, but the identity of the individuals or entities involved remains a mystery. $818M Bitcoin Mystery Linked to Fortress Trust There may be links in the sender’s wallet that could lead to the identity of the valid owner if the “bc1q5x” address…

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Bitcoin’s price exceeded popular assets like the Nasdaq 100 and the S&P 500 indices, jumping 120%. Bitcoin’s Price Drop: Following the Federal Reserve’s hint at just two interest rate cuts in 2025, Bitcoin’s (BTC) price tumbled below $97,000 from an all-time high of $108,427. MVRV score indicates a low Bitcoin price Bitcoin spot ETF flows indicate investors were affected by the drop. On Friday, SoSoValue reported $276 million in fund outflows a day after losing $680 million. Bitcoin may have peaked, say investors. The Market Value to Realized Value indicator implies Bitcoin is still inexpensive after last week’s record high.…

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Bitcoin’s price crashed back down to $97,000; its detractors celebrated a 10% decline from its all-time high. A single Bitcoin still costs over $100,000. The fact that the “dip” has returned to just below that significant mark demonstrates the incredible growth of this asset over the past fifteen, almost sixteen, years; the thought alone is mind-boggling. Bitcoin has gained more than 128% so far this year. Based on past patterns, there will likely be a significant correction after three years of price increases. Accordingly, I conclude that Bitcoin isn’t finished pumping just yet; rather, it is merely resting until its…

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Bitcoin traders have probably peaked, which would indicate that the present sell-off in BTC prices has reached its lowest point. Since the first week of November coincidentally, just before Donald Trump’s US election victory—the daily chart of Bitcoin has not shown three consecutive red candles. When three or more red candles appeared on the daily chart last, Bitcoin retested the 50-day exponential moving average level, which is another commonality. Bitcoin Sell-Off Nears: The biggest cryptocurrency may have passed the worst of the slump, according to one analyst, as the price of Bitcoin has fallen by more than 15% from its…

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One Bitcoin is still being purchased by the government every day, according to Stacy Herbert, director of the National Bitcoin Office.  El Salvador will maintain its Bitcoin purchase policy but at a slower pace, the country said Thursday. The World Monetary Fund had already asked the government to lower its crypto exposure as part of a funding agreement it finalized the day before, so this move came as no surprise. Buying Bitcoin Despite IMF Deal As part of the loan arrangement, the government has committed to lowering Bitcoin-related risks and maintaining the voluntary nature of private sector adoption. Finally, it…

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