Bitcoin consolidates near $95,000 as traders anticipate a potential breakout toward $96,000. Key US macro data and monthly close loom, but bullish sentiment remains strong.
Tag: BTC Markets
Bitcoin Price Rallies: Identifying Patterns for Potential 50%+ Gains
Unlock the secrets behind Bitcoin’s surges! Discover the key patterns – low leverage, strong retail sales, and hawkish Fed signals – that historically precede significant BTC price rallies and what to watch for next.
Bitcoin Price: Undervalued According to Fidelity Amidst US Jobs Data and Rate Cut Expectations
Fidelity Digital Assets suggests Bitcoin is currently undervalued, citing the ‘Bitcoin Yardstick’ metric and increased illiquid supply. This comes as US jobs data sparks hopes for Federal Reserve rate cuts, potentially boosting Bitcoin’s price. BlackRock’s IBIT ETF also saw significant inflows, further supporting the bullish sentiment.
Bitcoin Price Rally: How Weak Economic Data Could Fuel a Rise to $140,000
Analyzing the correlation between weak JOLTS data and consumer confidence with potential Bitcoin price rallies, exploring historical patterns and future predictions.
Ethereum ETF Staking Impact Hinges on Sustained Rally: Expert Analysis
Bloomberg ETF analyst Eric Balchunas suggests that the approval of staking for spot Ether ETFs won’t significantly boost inflows unless Ether experiences a prolonged price rally and a compelling market narrative.