Bitcoin Bulls and Bears Face Off At $9k – BTC On The Threshold Of A Make-or-Break Moment

Bitcoin Bulls and Bears Face Off At $9k – BTC On The Threshold Of A Make-or-Break Moment
фото показано с : zycrypto.com

2020-7-19 00:21

Contrary to expectations that Bitcoin’s price will become more volatile for an upward push after the third halving event, the digital asset’s price has instead been unusually stable, hardly stepping outside boundaries of $9,000-$9,500. While there is a number of possible explanations of such performance, the crypto community is hanging back in anticipation of the next rally.

Crypto pundit @TheCryptoDog, recently expressed his mood caused by the prolonged expectation of the new dramatic price movements.

Current state of Bitcoin

While Bitcoin volatility has decreased sharply since May, this makes it a positive environment for altcoins to thrive. As the ‘HODLing’ interest heats up, more investors are now increasing their Bitcoin stack in the projection of promising future price movements of the digital asset.

Nowadays, this characteristic of stability has made Bitcoin come really close to the ‘digital gold’ status. It acts as a sound store of value against the coming wave of inflation, thus being a hedging tool in times of economic uncertainty. Its growing scarcity also adds up to the image, making Bitcoin more exclusive after each consequent halving event.

Is the next bull run around the corner?

Despite a high degree of correlation with the S&P 500 index, Bitcoin is still expected to blast off as it embraces much broader territory. For example, the economic crisis in Venezuela and China’s booming mining activity all affect the price of BTC, which could eventually lead to universal adoption. Notably, the African continent may be the one that spearheads the next major bull rally.

Besides, investors are longing for the post-halving Bitcoin price push which hasn’t arrived yet. So far, it only stimulates wild speculations – according to some pundits, the community may see it at the end of this year, with Bloomberg analysts predicting that its price mark will soar to $20,000.

On the whole, the crypto space is seeing the rise of decentralized finance which justifies their collective boom in market cap. More organizations are now following the trend of adoption of blockchain-based technologies, showing an increased interest in the features of digital currencies. This will most likely kindle the enthusiasm to Bitcoin, which, despite repeatedly being named a speculative asset, now sees an influx of solemnly-oriented long-term investors.

origin »

Bitcoin (BTC) на Currencies.ru

$ 96382.85 (+0.01%)
Объем 24H $30.058b
Изменеия 24h: 1.46 %, 7d: -1.18 %
Cегодня L: $96101.31 - H: $96399.3
Капитализация $1910.937b Rank 1
Цена в час новости $ 9117.61 (957.11%)

bitcoin price boundaries third halving event 000-

bitcoin price → Результатов: 126


The Fed is expected to cut interest rates twice in 2025, what might this mean for the Bitcoin price?

The cryptocurrency market has gone mainstream. It is no longer retail investors’ assets as institutions globally are investing in Bitcoin and other major cryptocurrencies.   As a risk-based asset, Bitcoin’s price is affected by central bank policies, especially those from the United States Federal Reserve.

2025-2-18 15:05


Bitcoin Price Remains Bullish As Monthly Stochastic Sits Above 80, Here’s Why

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]

2025-1-15 18:30


Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH

The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.

2024-12-16 11:30


Are Bitcoin Whales Still Holding For Higher Profit? This On-Chain Signal Suggests So

The Bitcoin price performance in 2024 is one for the history books, with the premier cryptocurrency crossing the $100,000 mark for the first time ever. However, hitting this milestone opened the door to another conversation — when will the market top be in? As a result, several predictions of the Bitcoin price top have emerged […]

2024-12-15 12:30