The U.S. Federal Reserve could be the surprising suspect that gives Bitcoin a serious price boost in the months and years ahead.
Although the central bank may not directly help the benchmark cryptocurrency, their actions to save the U.S. equities market from seeing a full meltdown appear to be working, leading some analysts to note that a rebound to fresh highs could come as soon as 2021.
If the benchmark indices do recapture their previously established all-time highs next year, this would be a highly bullish occurrence for Bitcoin due to its firm status as a risk-on asset.
U.S. Equities Market Shows Subtle Signs of Strength Despite Economic Turbulence
The stock market is holding up fairly well – considering that the Coronavirus pandemic has brought the global economy to a virtual standstill.
Currently, the S&P 500 is trading down just under 12% from where it began the year, with it posting a notable 10% rebound throughout the past month.
The S&P 500’s strength is emblematic of that of the entire market and has even led smaller outlier markets like crypto to rebound as well, with Bitcoin climbing from its mid-March lows of $3,800 to highs of $7,500.
Amazon – one of the largest companies in the world – has even been able to rally to fresh all-time highs today.
This performance in the face of unprecedented unemployment has shocked some investors, but one economist noted in a recent tweet that it is important to separate unemployment – which marks a single point in time – from the financial markets, which attempt to price in present and future events.
“Unemployment numbers describe a single point in time, while financial markets are discounting mechanisms that attempt to price in *present and future events*. Unemployment numbers are data, while prices are driven by emotions, perceptions and other variables,” he explained.
Bitcoin Could be Boosted by Fed’s Attempts to Bolster Markets
This strength may also stem in part from the massive liquidity injections the Fed has undertaken to boost the economy.
These actions have led one popular analyst to note that the stock market could set fresh all-time highs as soon as 2021.
“I would be surprised at this point, given all the FED is doing, if we break market structure majorly again. Do I think we V shape? No, but my thoughts don’t move markets. I think we are looking at something more like this with new ATH in 2021,” he said while pointing to the below chart.
Image Courtesy of Cantering Clark
This possibility – should it play out – would be highly bullish for Bitcoin, as the crypto has established a striking correlation to the traditional markets throughout the past couple of months.
Featured image from Unsplash. origin »
Several US states, including Texas, Pennsylvania, and Ohio, are pushing proposals to invest public funds in cryptocurrencies or establish state-level bitcoin reserves. Asset manager VanEck analysed 20 such bills and estimated that, if implemented, they could lead to $23 billion in bitcoin purchases, equivalent to approximately 242,700 BTC.
Bitcoin Cycle Indicators (IBCI) have crossed a critical point on the chart, suggesting a fall could be on the horizon.
BTC has developed strong support levels that could influence a price jump,The post Bitcoin’s next move: Why corrective dip before new highs is likely appeared first on AMBCrypto.
An analyst has explained how Bitcoin could see a top beyond the $168,500 mark based on the historical trend in this indicator. Bitcoin Mayer Multiple Could Reveal Location Of Next Price Top In a new post on X, analyst Ali Martinez has discussed where the BTC top could lie based on the Mayer Multiple.
VanEck predicts this move could diminish national liabilities by an estimated $42 trillion by 2049, assuming consistent debt growth and a significant annual appreciation in Bitcoin's value.
The post VanEck Argues That a Strategic Bitcoin Reserve Could Slash US Debt 36% by 2050 appeared first on BeInCrypto.
On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term holder supply has been reminiscent to what was observed in the 2017 cycle.
Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency's total supply, the report said.
Bitcoin (BTC) has recorded a remarkable surge in the past 14 days, nearing the $70,000 mark earlier this week. However, some market watchers shared their worries about the recent retraces, suggesting the cryptocurrency could face another correction ahead of the US Presidential election.
BTC was trading in a symmetrical triangle pattern that could trigger a major breakout to the upside.
Market sentiment also suggests room for Bitcoin to climb even higher, potentially reaching $The post Bitcoin could hit $71K soon, but THESE key conditions need to align appeared first on AMBCrypto.
Is a surge incoming for Bitcoin before the upcoming U.S. elections?
BTC could rally to $70K by the end of October.
On the 14th of October, Bitcoin [BTC] rallied 5% and retested $66K as analyThe post Why is Bitcoin going up today? This historical trend could be key appeared first on AMBCrypto.
Bitcoin could be on the path to a new all-time high if it breaks out of its reaccumulation phase this Saturday, according to an analyst. In a Sept. 14 X post, prominent trader Rekt Capital indicated that Bitcoin could soon…
Bitcoin could create a new all-time high in Q4 with a rally driven by multiple catalysts.
However, profit-taking activities might continue to stifle the short-term rally.
Bitcoin [BTC] tradeThe post Here's why Bitcoin’s ATH could be closer than you think appeared first on AMBCrypto.
Bitcoin shows signs of improving market confidence but short-term headwinds are still in play, influencing its performance.
Can Bitcoin drum up enough momentum amid signs of declining dominanceThe post Bitcoin struggles to hold $60K, but THESE factors could help appeared first on AMBCrypto.
Economic uncertainty and potential Fed rate cuts could either stabilize Bitcoin or lead to further declines, impacting investor sentiment and ETF flows.
The post Bitcoin could see deeper correction after payroll data release: Bitfinex head of derivatives appeared first on Crypto Briefing.
An analyst explained that the next target for Bitcoin could be $78,700 if BTC could cross this resistance level of an on-chain pricing model. Bitcoin MVRV Extreme Deviation Pricing Bands Put Resistance At $65,800 In a new post on X, analyst Ali has discussed some price levels for Bitcoin that could be important based on an on-chain pricing model.
Bitcoin's post-halving period could see up to two months of price stabilization, with potential fluctuations around $10,000, influenced by shifts towards altcoins and a quieter summer expected.
The post Bitcoin Price Could Remain Stagnant for 2 Months: Report appeared first on BeInCrypto.
Bitcoin holders were still profitable, which threatened more selling pressure should the market uncertainty continue.
The MVRV ratio's predicted dip could take Bitcoin prices below the key $59kThe post Bitcoin's post halving correction could pull BTC's price by 20% IF... appeared first on AMBCrypto.
In a compelling forecast for Bitcoin, Ali Martinez, a well-known cryptocurrency expert and trader, has pointed out a possible development that could propel the crypto asset’s price to the $86,000 threshold in the foreseeable future.
Key takeaways Bitcoin could be heading towards a new all-time high soon as it broke past the $52k mark for the first time since December 2021. The Bitcoin halving is only 66 days away and the market could provide numerous opportunities to investors.
The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in the US could actually catalyze a correction in crypto prices rather than an immediate rally, according to analysis by Cryptonary.
As the bullish sentiment around crypto solidifies, investors are eyeing what could be the next big thing and attention is on some of the trending presale projects. Could Shiba Memu (SHMU) be worth a bet in the current market? Bitcoin taps major level amid bullish predictions Bitcoin touched $42k this week, with its yearly gains […]
The price of Bitcoin presses on towards the upside and, once again, touched a critical resistance close to $38,000. The cryptocurrency could trend sideways at its current levels in the short term, leading analysts to find the support level that could withstand a spike in selling pressure.
Former BitMEX CEO Arthur Hayes voices a concern that institutional custody, spurred by potential Bitcoin ETF approvals, could derail Bitcoin's original promise of financial freedom and decentralization, turning it into just another institutionalized asset.
Morgan Stanley, a big investment bank, has just stated that the upcoming Bitcoin (BTC) halving will likely trigger a fresh bull market in 2024. This means that the price of Bitcoin could go up significantly and so will other altcoins.
With Bitcoin ETFs round the corner, financial institutions are gearing up to promote BTC investing. The message is likely to obscure Bitcoin’s origins but could be useful for native-crypto companies, argue Dave Birnbaum and David Waugh, from Coinbits.
Bitcoin price attempted a fresh increase above the $34,500. BTC could start a major downside correction if there is a close below the 100 hourly SMA. Bitcoin is still struggling to clear the $35,000 resistance.
The flagship cryptocurrency, Bitcoin, is fast approaching $31,000 following its gains over the weekend. Analyzing this price action, crypto analyst Ali Martinez has predicted Bitcoin’s future trajectory as he suggests that the bears could regain dominance soon enough.
The Nasdaq (NDX) retreated last week, leaving behind a nasty looking candle. However, when measuring the underlying trend strength, tech stocks could have a lot more to go. And if that’s the case, it could be bullish for Bitcoin according to a new historical comparison.
An explosive upward trajectory, triggered by the Livermore trendline, could help Bitcoin reach $48,000.
While there were signs of correction, an entry point could be BTC's press time price.
Quick Take Bitcoin is hovering around $28,500 and has proven significant resistance in the past few weeks.
The post Long-term holders capitulating to the tune of 100k Bitcoin after SVB collapse could mark a stronger market rebound appeared first on CryptoSlate.
According to new data by CryptoQuant, the upcoming Bitcoin halving could trigger a relief rally for Bitcoin.
Miner revenue declined as holders sold their BTC for a loss.
Bitcoin [BTC] holderThe post The upcoming Bitcoin halving could have this effect on your holdings appeared first on AMBCrypto.
What next after Bitcoin (BTC/USD) broke below its long-term psychological level at $19,000? According to a crypto analyst who predicted the 2021 crash, Bitcoin is headed to $13,000. The pseudonymous analyst tells his 618,400 Twitter followers to expect one “last nuke” that could see altcoins also tank by 30-40%.
Bitcoin [BTC] managed to surpass the $19,000 level towards the end of October. The king coin was constrained to this level for the longest time and made several attempts to move past it. Both holders The post Could Bitcoin’s security be at risk as a result of this update? Decoding details appeared first on AMBCrypto.
DePIN io. net has introduced Co-Staking, a new feature that allows network users to share block rewards by staking their $IO tokens. The Co-Staking Marketplace connects token holders with suppliers, enabling broader participation in validation without the need to operate hardware.
On-chain analytics firm, Nansen recently announced a partnership with Viction, a people-focused Layer-1 blockchain, to enhance analytics capabilities within the Viction ecosystem. The collaboration seeks to provide investors and developers with tools to maximize the benefits of building on the Viction platform.
The best meme coins are cryptocurrencies that began as jokes but now gained massive popularity, community, and some real-world value. Today, many new coins hitting the crypto world, and finding
The post 10 Best Meme Coins To Buy Now That Will Explode In 2025 appeared first on CryptoNinjas.
Lawmakers in Maryland, Iowa, and Kentucky have introduced legislation proposing the creation of Bitcoin (BTC) strategic reserves in their respective states. The latest bills bring the number of US states considering Bitcoin reserves to 17.
Blockchain technology is revolutionizing industries such as financial markets, global trade, insurance, and gaming, with the potential to bring hundreds of trillions of dollars worth of assets onchain.
The VIRTUAL price rose to highs of $2. 45 after Upbit, Korea’s largest exchange, announced trading support. Upbit planned to add VIRTUAL pairs against Korean Won, BTC and USDT. Virtuals Protocol is also among tokens in Injective’s AI index AIX.
Securitize and Apollo have teamed up to launch a diversified credit fund. The Apollo Diversified Credit Securitize Fund, ACRED, goes live on Aptos, Avalanche, Ethereum, and Solana blockchains. Tokenization platform Securitize has partnered with $730 billion alternative asset manager Apollo to bring a new tokenized credit fund on-chain.