Bitcoin Bottom Fractal Predicts 130% Rally
Bitcoin ($BTC) has flashed a bottom signal again, logging 25 days in “extreme high risk,” but buying demand remains weak amid negative ETF flows and macroeconomic concerns. #Update #Crypto $BTC
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin ($BTC) has flashed a bottom signal again, logging 25 days in “extreme high risk,” but buying demand remains weak amid negative ETF flows and macroeconomic concerns. #Update #Crypto $BTC
Crypto markets remain stagnant, with Bitcoin around $60K and ether at $2K. JPMorgan cites the Clarity Act as a potential catalyst for regulatory clarity. #Update #Crypto $BTC $ETH
Block Inc (@Block) plans to cut over 4,000 jobs, more than 40% of its workforce, amid restructuring efforts due to slower growth and tighter capital conditions. #Update #Fintech
Bitcoin ETFs saw a $27.5M outflow, breaking their inflow streak, while ether funds lost $43M. XRP and Solana ETFs attracted modest inflows. #Update #Crypto $BTC
Lyn Alden highlights Bitcoin’s evolving four-year cycle, emphasizing muted retail participation and the need for financial integration for global adoption. #Update #Crypto $BTC
Bitcoin struggles to surpass $70K, risking a deeper correction. Analyst Yonsei_dent predicts a potential 75% drawdown, with Bitcoin possibly bottoming at $31,500-$38,000. #Update #Crypto $BTC
Former Mt. Gox CEO @MagicalTux proposed a Bitcoin Core hard fork to recover 79,956 BTC ($5B) from a theft address, but the pull request was closed after 17 hours due to community rejection. #Update #Crypto $BTC
Bitcoin enters bearish territory after breaking support at $107,000, with projections suggesting a decline to $35,000 by 2026 based on Fibonacci retracement levels. Crypto $BTC
Dormant Bitcoin wallets from 2010-2017 moved 1,908.21 BTC worth over $125M in February through 69 transactions, amid lower prices. #Update #Crypto $BTC
Traders who purchased $BTC three to five years ago are still up approximately 90% on average, despite recent market corrections. #Update #Crypto $BTC
U.S. bitcoin $BTC ETFs saw $1.1 billion in inflows over three days, ending five weeks of outflows, with total holdings at 1.29 million BTC, indicating renewed institutional demand. #Update #Crypto $BTC
South Korean police lost access to 22 $BTC worth $1.4M due to custody mishandling; two suspects arrested. Investigation ongoing into the crypto theft. #Breaking #Legal $BTC
$BTC could bottom at $51,000 based on pricing bands analysis, highlighting potential market stabilization. #Update #Crypto $BTC
Crypto’s true value lies in its enabling power, not just price gains. A recent piece highlights this perspective. #Update #Crypto