Crypto Supporters Sift Through the Graveyard of Technical Indicators That Failed to Predict Bitcoin’s Bottom

Crypto Supporters Sift Through the Graveyard of Technical Indicators That Failed to Predict Bitcoin’s BottomAs the end of 2022 approaches, a great number of bitcoin proponents are questioning whether or not the bottom is in as far as the official end of the crypto winter is concerned. The current bitcoin bear run just entered the longest bottom formation since the 2013-2015 bitcoin bear market. Moreover, analysts note that most […]

Go to Source

Powered by WPeMatico

Rainbows, Log Charts, and S2F: Bitcoin’s 2022 Bear Market Has Broken the Community’s Most Popular Price Models

Rainbows, Log Charts, and S2F: Bitcoin's 2022 Bear Market Has Broken the Community's Most Popular Price ModelsThe 2022 bear market has been brutal as more than $2 trillion in value has been wiped away from the crypto economy. In addition to record values lost, the crypto winter has managed to break a number of popular bitcoin price models like the rainbow price chart and Plan B’s infamous stock-to-flow model. Moreover, since […]

Go to Source

Powered by WPeMatico

Bitwise CIO Says $100K Bitcoin a Difficult Prediction to Make, Calls Ethereum the ‘Asset of the Year’

Bitwise CIO Says $100K Bitcoin a Difficult Prediction to Make, Calls Ethereum the 'Asset of the Year'While there’s been an awful lot of calls for bitcoin to reach six-digits in value in 2021, as the end of the year draws closer, it doesn’t seem like $100K per bitcoin will happen. Bitwise Asset Management’s chief investment officer Matt Hougan told the press on Monday that “$100,000 by the end of the year […]

Go to Source

Powered by WPeMatico

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin PriceBitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K […]

Go to Source

Powered by WPeMatico

Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion

Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 TrillionThe price of bitcoin jumped over the $47K handle on Friday afternoon and at 4:15 p.m. (EDT) the price tapped $47,929 per unit. Bitcoin has jumped over 8% today and is more than 45% up over the course of the last month. Bitcoin’s Value Jumped 45% Last Month The crypto economy grew to around $1.99 […]

Go to Source

Powered by WPeMatico

S2F Creator Plan B ‘Reconfirms’ His Confidence in Bitcoin Forecast — ‘This Bull Is Not Over and $64K Was Not the Top’

Last month, the popular bitcoin analyst and creator of the stock-to-flow price model, Plan B, explained that he believed the “bull is not over.” On August, 6, Plan B is still showing confidence in his forecast and reconfirmed his message from last month. Meanwhile, bitcoin prices have been able to bounce back and on Sunday, […]

Go to Source

Powered by WPeMatico