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$MicroStrategy (MSTR.US)$ There is no denying that it has recently achieved tremendous growth. This year, the company's stock price had risen by more than 125%. Also, over the past 12 months, MicroStrategy Up more than 442%I did it.
Of course, much of that performance$Bitcoin (BTC.CC) $It has to do with MicroStrategy is the largest Bitcoin holding company in the world, and the sharp rise in the company's stock price is mainly a result of Bitcoin's strong performance.$Bitcoin (BTC.CC) $As long as it soars rapidly, it is thought that microstrategy will follow suit. But are the reasons for buying MicroStrategy still that simple?
NEW SPOT BITCOIN ETF
First of all, investors need to keep an eye out for completely new market trends caused by the launch of a new spot Bitcoin ETF in January. The new ETF is great news for Bitcoin, and in mid-March, Bitcoin reached an all-time high...
Of course, much of that performance$Bitcoin (BTC.CC) $It has to do with MicroStrategy is the largest Bitcoin holding company in the world, and the sharp rise in the company's stock price is mainly a result of Bitcoin's strong performance.$Bitcoin (BTC.CC) $As long as it soars rapidly, it is thought that microstrategy will follow suit. But are the reasons for buying MicroStrategy still that simple?
NEW SPOT BITCOIN ETF
First of all, investors need to keep an eye out for completely new market trends caused by the launch of a new spot Bitcoin ETF in January. The new ETF is great news for Bitcoin, and in mid-March, Bitcoin reached an all-time high...
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On Friday, anonymous trader and crypto analyst Rekt Capital,$Bitcoin (BTC.CC) $It provided insight into the current situation and outlook. Analysts say Bitcoin is no longer in the “danger zone,” but from its current valuefalls 13%I warned you that there was a possibility.
In X's post, he said there is a possibility that Bitcoin will still experience a significant decline. He explained that bitcoins usually enter a “danger zone” after a half-life event, and miner rewards decrease.
After this stage, bitcoins usually transition to a “reaccumulation after half-life” period characterized by flat transactions within a specific range. Analysts pointed out that although Bitcoin surged to $71,500, it faced resistance at this level, leading to continued consolidation.
“Since the end of the 'danger zone' after Bitcoin's half-life, Bitcoin has risen to $71,500. However, around $71,500 was a high resistance range in the macro reaccumulation range, and Bitcoin was rejected from there. Consolidation continues, and history ranges from $60,000 to 70,...
In X's post, he said there is a possibility that Bitcoin will still experience a significant decline. He explained that bitcoins usually enter a “danger zone” after a half-life event, and miner rewards decrease.
After this stage, bitcoins usually transition to a “reaccumulation after half-life” period characterized by flat transactions within a specific range. Analysts pointed out that although Bitcoin surged to $71,500, it faced resistance at this level, leading to continued consolidation.
“Since the end of the 'danger zone' after Bitcoin's half-life, Bitcoin has risen to $71,500. However, around $71,500 was a high resistance range in the macro reaccumulation range, and Bitcoin was rejected from there. Consolidation continues, and history ranges from $60,000 to 70,...
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Following a significant price increase in recent days,$Bitcoin(BTC.CC)$it is once again rising towards its all-time high.
This cryptocurrency has been trading above 0.07 million dollars (0.055 million pounds) on Wednesday, rising by 10% from last week and approaching the previous record high set in March by just 3 thousand dollars.
Given the recent price surge and sustained momentum, some market analysts speculate the possibility of reaching the previous all-time high within the next few days.
Simon Peters, a virtual currency expert, stated that the good week was a result of US inflation statistics being lighter than expected.
Peters, who works as an analyst on the eToro online trading platform, mentioned in an email to The Independent that "in recent weeks, especially Bitcoin, is increasingly correlated with the US stock market."
"As we enter the second half of this year, macroeconomic conditions, particularly inflation data and the possibility of interest rate cuts, will play an important role in determining the direction of the remaining Bitcoin price this year."
Jeff Kendrick, Chief Digital Asset Surveyor at Standard Chartered Bank, told The Block...
This cryptocurrency has been trading above 0.07 million dollars (0.055 million pounds) on Wednesday, rising by 10% from last week and approaching the previous record high set in March by just 3 thousand dollars.
Given the recent price surge and sustained momentum, some market analysts speculate the possibility of reaching the previous all-time high within the next few days.
Simon Peters, a virtual currency expert, stated that the good week was a result of US inflation statistics being lighter than expected.
Peters, who works as an analyst on the eToro online trading platform, mentioned in an email to The Independent that "in recent weeks, especially Bitcoin, is increasingly correlated with the US stock market."
"As we enter the second half of this year, macroeconomic conditions, particularly inflation data and the possibility of interest rate cuts, will play an important role in determining the direction of the remaining Bitcoin price this year."
Jeff Kendrick, Chief Digital Asset Surveyor at Standard Chartered Bank, told The Block...
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According to technical analysis, BTC may soon drop to as low as $0.06 million to gather liquidity before entering a significant uptrend.
The trend of the data indicates that selling BTC from small wallets to large wallets is a bullish sign.
$Bitcoin(BTC.CC)$As it continues to dominate the cryptocurrency market, recent price fluctuations of Bitcoin have caught the attention of investors and analysts. Over the past few months, Bitcoin has shown significant growth, recording over a 100% increase year-to-date, and a noteworthy increase of 9.8% just last week.
$Bitcoin(BTC.CC)$Despite reaching a new high above $73,000 in March, it is struggling to surpass the resistance level at $67,000. After reaching a recent 24-hour high of $67,697, it has slightly dropped by 0.7% and the current trading price is around $66,800.
This price fluctuation occurs within a wide market trend where analysts are closely observing Bitcoin's performance.
Rekt Capital, a renowned cryptocurrency analyst, $Bitcoin(BTC.CC)$is returning to the uptrend...
The trend of the data indicates that selling BTC from small wallets to large wallets is a bullish sign.
$Bitcoin(BTC.CC)$As it continues to dominate the cryptocurrency market, recent price fluctuations of Bitcoin have caught the attention of investors and analysts. Over the past few months, Bitcoin has shown significant growth, recording over a 100% increase year-to-date, and a noteworthy increase of 9.8% just last week.
$Bitcoin(BTC.CC)$Despite reaching a new high above $73,000 in March, it is struggling to surpass the resistance level at $67,000. After reaching a recent 24-hour high of $67,697, it has slightly dropped by 0.7% and the current trading price is around $66,800.
This price fluctuation occurs within a wide market trend where analysts are closely observing Bitcoin's performance.
Rekt Capital, a renowned cryptocurrency analyst, $Bitcoin(BTC.CC)$is returning to the uptrend...
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$Bitcoin (BTC.CC) $Europe fell below $62,000 on Tuesday morning and fell about 1.63% in 24 hours. The Coin Desk 20 Index (CD20), which is a broad indicator of the entire digital asset market, fell almost 1.1%.$Ethereum (ETH.CC) $It fell more than 2% to slightly above $2,900, while Solana remained almost unchanged at $145. Within the next 24 hours, attention will be drawn to inflation reports from the US.
The latest producer price index (PPI) and consumer price index (CPI) are scheduled to be announced within two days. Until now in the US, expectations for interest rate cuts have been disappointed due to stubborn high inflation, and it has become a risk asset such as virtual currencyThe brakes are appliedIt's possible.
$GameStop (GME.US)$ The rise has caused a sharp rise in meme coins PEPE, FLOKI, and MOG. Retail trader @TheRoaringKittyによるXへの投稿により, who was the central figure of GME Short Squeeze in 2021, video game retailer stock prices skyrocketed on Monday, and major companies...
The latest producer price index (PPI) and consumer price index (CPI) are scheduled to be announced within two days. Until now in the US, expectations for interest rate cuts have been disappointed due to stubborn high inflation, and it has become a risk asset such as virtual currencyThe brakes are appliedIt's possible.
$GameStop (GME.US)$ The rise has caused a sharp rise in meme coins PEPE, FLOKI, and MOG. Retail trader @TheRoaringKittyによるXへの投稿により, who was the central figure of GME Short Squeeze in 2021, video game retailer stock prices skyrocketed on Monday, and major companies...
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The Bitcoin network recently achieved an important milestone by processing its 1 billionth on-chain transaction. As reported by Clark Moody's Bitcoin Dashboard, this groundbreaking event occurred in the 842,241st block mined at 5:34 PM Eastern Time on May 5th. At this point, the total number of transactions on the Bitcoin network reached 1,000,323,746. This achievement highlights the enduring strength and increasing usage of this pioneering technology, more than 15 years after Bitcoin was first launched.
The recent increase in transaction volume on the bitcoin network appears to be greatly influenced by the implementation of the Rune protocol and the 4th halving of bitcoin. Both of these events took place on April 20th. The Rune protocol is a new system designed to create alternative tokens based on bitcoin and has played an important role in the recent increase in transaction volume.
In fact, on April 23rd, the number of transactions per day...
The recent increase in transaction volume on the bitcoin network appears to be greatly influenced by the implementation of the Rune protocol and the 4th halving of bitcoin. Both of these events took place on April 20th. The Rune protocol is a new system designed to create alternative tokens based on bitcoin and has played an important role in the recent increase in transaction volume.
In fact, on April 23rd, the number of transactions per day...
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$Bitcoin (BTC.CC) $and other cryptocurrencies were rising early Monday morning. There is a possibility that the virtual currency sector will benefit from increased confidence in interest rate cuts, but analysts warned that Bitcoin is still susceptible to declines.
Bitcoin in the past 24 hours2. 4% increaseThen it was 65,185 dollars, and the largest virtual currency remained at its highest price for nearly 2 weeks. Since employment statistics announced last week fell short of expectations, the outlook for interest rate cuts by the US Federal Reserve (Fed) has increased. Risk assets such as Bitcoin tend to be more attractive in environments where interest rates are low.
Bitcoin recorded a record high of close to 74,000 dollars in mid-March in response to heightened interest from new spot bitcoin exchange-traded funds (ETFs), but the price has declined since then.
“The adjustment process that has been going on since March will continue until the price exceeds the level of 72,000 dollars. Currently, initial support is $62,000. We will only consider major adjustments if $59,000 is lost,” eToro market analyst Javier Molina said in his research...
Bitcoin in the past 24 hours2. 4% increaseThen it was 65,185 dollars, and the largest virtual currency remained at its highest price for nearly 2 weeks. Since employment statistics announced last week fell short of expectations, the outlook for interest rate cuts by the US Federal Reserve (Fed) has increased. Risk assets such as Bitcoin tend to be more attractive in environments where interest rates are low.
Bitcoin recorded a record high of close to 74,000 dollars in mid-March in response to heightened interest from new spot bitcoin exchange-traded funds (ETFs), but the price has declined since then.
“The adjustment process that has been going on since March will continue until the price exceeds the level of 72,000 dollars. Currently, initial support is $62,000. We will only consider major adjustments if $59,000 is lost,” eToro market analyst Javier Molina said in his research...
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$Bitcoin(BTC.CC)$Trading positively at $63,667.93, analysts suggest a potential move to $73,000 in the coming weeks. Cryptocurrencies that corrected sharply are recovering steadily, prompting a return of the bullish sentiment. Investors and traders are anticipating further price rebounds.
Technical analysis indicators show a bullish trend in Bitcoin
Technical analysis has favorable aspects for Bitcoin, with indicators such as Bollinger Bands highlighting bullish moments. The volatility behavior of cryptocurrencies on the 4-hour chart may indicate a potential tilted movement. To understand the significance of Bitcoin surpassing the $61,999 50-day EMA, it is necessary to understand that historically it has been a sign of continued bullish market and volatility.
Levels of support and resistance.
Predicting a trend reversal in the current market environment is difficult, and the importance of support and resistance when determining price movements is becoming increasingly clear. Bitcoin faces hurdles at $66,796 and $69,328.First stage...
Technical analysis indicators show a bullish trend in Bitcoin
Technical analysis has favorable aspects for Bitcoin, with indicators such as Bollinger Bands highlighting bullish moments. The volatility behavior of cryptocurrencies on the 4-hour chart may indicate a potential tilted movement. To understand the significance of Bitcoin surpassing the $61,999 50-day EMA, it is necessary to understand that historically it has been a sign of continued bullish market and volatility.
Levels of support and resistance.
Predicting a trend reversal in the current market environment is difficult, and the importance of support and resistance when determining price movements is becoming increasingly clear. Bitcoin faces hurdles at $66,796 and $69,328.First stage...
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In the dynamic domain of virtual currency,$Bitcoin (BTC.CC) $Few events attract as much attention and have a potential impact as the half-life of April 19Bitcoin for the fourth timehalf-lifeWe have arrived, and we have reached an extremely important moment in that journey.
Past performance does not always predict future results, but when the half-life is examined in detail, the resilience of Bitcoin and the possibility of a significant price increase become clear.
What is halving?
Approximately every 4 years, that is, every time 210,000 blocks are added to the blockchain, a half-life occurs, and payments given to miners for block resolution known as proof of work are reduced.
Since this is the main means for new bitcoins to circulate, a reduction in minor rewards will effectively lower the Bitcoin inflation rate. Now that the fourth half-life has passed, Bitcoin's inflation rate is only 0.85%, and the inflation rate is as low as gold. This process of lowering the inflation rate will continue until 2140, when the last Bitcoin is scheduled to be mined, and a strong monetary policy that prioritizes scarcity and finiteness...
Past performance does not always predict future results, but when the half-life is examined in detail, the resilience of Bitcoin and the possibility of a significant price increase become clear.
What is halving?
Approximately every 4 years, that is, every time 210,000 blocks are added to the blockchain, a half-life occurs, and payments given to miners for block resolution known as proof of work are reduced.
Since this is the main means for new bitcoins to circulate, a reduction in minor rewards will effectively lower the Bitcoin inflation rate. Now that the fourth half-life has passed, Bitcoin's inflation rate is only 0.85%, and the inflation rate is as low as gold. This process of lowering the inflation rate will continue until 2140, when the last Bitcoin is scheduled to be mined, and a strong monetary policy that prioritizes scarcity and finiteness...
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