Bitcoin Could Hit $100,000 This Cycle Top: Analyst Shares Timeline for BTC to Reach $1,000,000

2024-2-1 22:30

The outlook for a sustainable Bitcoin price bottom remains uncertain, according to new analysis from trader CryptoCon, who spots unresolved technical risks despite nascent stabilization signs. CryptoCon maintains his long-term bullish outlook anchored around the BitX model, which forecasts parabolic upside cycles based on lengthening time horizons: “BitX shows how I believe #Bitcoin price moves […] The post Bitcoin Could Hit $100,000 This Cycle Top: Analyst Shares Timeline for BTC to Reach $1,000,000 appeared first on CaptainAltcoin.

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Bitcoin (BTC) на Currencies.ru

$ 97908.75 (+0.40%)
Объем 24H $95.327b
Изменеия 24h: 4.81 %, 7d: 7.27 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1937.731b Rank 1
Цена в час новости $ 42418.11 (130.82%)

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00