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.
Tag: Market Analysis
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.
XRP Price Analysis: Will the Rally Last or Is a Crash Imminent?
XRP has seen a significant price increase, but technical indicators suggest a potential correction. This analysis examines key factors influencing XRP’s price, including rising wedge patterns, realized price metrics, and long-term support levels.
Bitcoin ‘Hot Supply’ Nears $40B Amidst New Investor Influx at $95K: A Detailed Analysis
Explore the recent surge in Bitcoin’s ‘hot supply’ as new investors enter the market, driving prices towards $95,000. This analysis delves into the implications of increased speculative capital and network activity.
Bitcoin’s Critical Zone: Triple Breakout Meets $93.5K Support Test – A Comprehensive Analysis
Bitcoin recently achieved a triple breakout, surpassing key resistance levels, but now faces a crucial test around the $93,500 support level. This analysis explores the factors influencing BTC’s price action and what to expect next.