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Swissblock

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cryptocurrency1 year ago•1 min saved

Bitcoin's 'V-Shape' Recovery Signals $76K Price Target Amidst Ongoing Volatility

Swissblock and QCP Capital predict a new rally for Bitcoin, targeting $76,000, following its rapid recovery from a recent plunge. Swissblock analysts noted that the rebound indicates a V-shaped recovery and a potential move towards new all-time highs. U.S.-listed spot Bitcoin ETFs saw significant inflows during the dip, suggesting investor confidence in buying the dip. At the time of reporting, Bitcoin was trading at $67,200, showing a 7% increase in the past 24 hours.

via CoinDesk|

#bitcoin #cryptocurrency #etfs

cryptocurrency1 year ago•1 min saved

Bitcoin's $52K Stall Signals Imminent Pullback Amid Rising Crypto Hacks

Swissblock analysts suggest that Bitcoin's recent stall at the $52,000 resistance level may indicate an imminent pullback due to its unsustainable 33% rise in a few weeks, but the uptrend could still continue with a $57,500 price target set by 10x Research. Despite the potential for a short-term dip, the market appears poised for higher prices, and any correction could present a buying opportunity as long as Bitcoin holds support near $47,500. Institutional exchange FalconX also noted exceptional trading volumes supporting the uptrend, while 10x Research sees strong liquidity and increasing demand for bitcoin futures as factors that could drive the cryptocurrency towards the $57,500 resistance level.

via CoinDesk|

#bitcoin #cryptocurrency #price-target