Bitcoin Weekly Forecast: BTC Crashes Ahead of ETF Approval Window, But Uptrend Not Threatened

Share: Bitcoin price on the weekly timeframe is forecasting a potential correction to $34,000. The daily chart also showed a bearish triple divergence which echoes the weekly sell signal. While the short-term outlook awaits a correction, the long-term outlook remains optimistic. The price of Bitcoin (BTC) is showing signs of slowing after Thursday’s sudden sell-off … Read more

CME Bitcoin Futures Hit All-Time High, But Uncertainty Lingers Above $36,000

Bitcoin (BTC) Futures open interest on the Chicago Mercantile Exchange (CME) reached an all-time high of $3.65 billion on November 1. This metric takes into account the value of each contract in play for the remaining calendar months, where buyers (longs) and sellers (short buyers) are continually matched. Bullish momentum on CME Bitcoin futures, but … Read more

Bitcoin beyond 35K for Christmas? Thanks to Jerome Powell if this happens

Historically, a Santa Claus rally occurs in the weeks leading up to Christmas, when a collective sense of goodwill spreads through the stock markets. This is usually a seasonal incident and nothing out of the ordinary. But this year, we could see a much more significant recovery as the US Federal Reserve, the Security and … Read more

Solana Price Climbs to Imminent $40 as AUM Inflows Hit $24 Million, Just Behind Bitcoin

Solana (SOL) price is shaping up to be one of the strongest bullish contenders in the final quarter of 2023. Although “Uptober” started with Bitcoin (BTC) surpassing $30,000 and trading at a new yearly high at $35,000, the largest cryptocurrency took a breather such that it consolidated gains above $34,000. On the other hand, Solana … Read more

In major ruling, Malaysian wins RM697,000 from crypto firm Luno for unauthorized Bitcoin purchases | Malaysian mail

KUALA LUMPUR, Nov 1 — A Malaysian man was yesterday awarded nearly RM700,000 after successfully suing cryptocurrency investment firm Luno Malaysia Sdn Bhd for negligence, following the allegedly unauthorized use of more than one half a million ringgit into his Luno account in 2021 to buy digital. Bitcoin currency. Lawyer Ong Yu Jian said Malaysian … Read more

Jasmy Coin Price Just Broke Key Record as Bitcoin in Japan Surges

The price of Jasmy Coin (JASMY) has made a dramatic comeback in recent days as investors cheer the cryptocurrency’s ongoing rally. The coin reached $0.0040, the highest level since August 15. It has increased for the last 11 consecutive days, this is the first time such a thing has happened. Japanese Bitcoin is booming Jasmy, … Read more

False Bitcoin Breakout Strategy: Exploit Opportunities in Sideways Markets

Given the recent movement of Bitcoin (BTC), which could be described as sideways, in this article we will examine the possibility of using a strategy rarely applied to this market: the false breakout. What is a false breakout? A false breakout is a situation in which a breakout occurs at a sensitive level, such as … Read more

We asked ChatGPT if the price of Bitcoin (BTC) will reach $1 million in 2024

TL;DR Recent Bitcoin Surge: A 15% week-over-week price increase, linked to a Bitcoin ETF ticker from BlackRock appearing on a key website, boosting market sentiment. Importance of Bitcoin ETF: It is considered a potential catalyst for a bull run. ChatGPT Outlook: For a Bitcoin price of $1 million by 2024, several factors, particularly the Bitcoin … Read more

SBF Speaks Out, ‘Buy Bitcoin’ Searches Skyrocket and Other News: Hodler’s Digest, October 22-28

In the news this week Sam Bankman-Fried takes a stand on the collapse of FTX Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while admitting they made “big mistakes” during the companies’ explosive growth. Highlights of his … Read more

What’s Behind Bitcoin’s Latest Rally? Little consensus and a lot of noise

The world’s largest cryptocurrency began climbing late last week after spending much of the summer stuck around $26,000. It surpassed $30,000 over the weekend, briefly topped $35,000 in recent days to reach its highest level since May 2022, and is now hovering around $33,800. As is the case with most debates in the crypto world, … Read more