Bitcoin ‘extreme low volatility’ to end amid new $50K BTC price target
Bitcoin’s low volatility is expected to end soon, with a $50,000 price target in sight. Traders brace for a major move.
Bitcoin’s low volatility is expected to end soon, with a $50,000 price target in sight. Traders brace for a major move.
Bitcoin slips below a key Bollinger Bands level, indicating increased volatility and suggesting that buying dips may not be the best strategy, requiring bull confidence to be re-earned.
Bitcoin faces a potential price drop to $70,000 if the Bank of Japan raises interest rates on December 19th, according to analysts citing historical trends.
Explore the underlying reasons why bullish Bitcoin price predictions remain valid despite the current range-bound market, including growing adoption, institutional investment, and favorable technical indicators.
Bitcoin’s price is predicted to drop below $70,000 due to the Bank of Japan’s expected interest rate hike, a historically bearish signal for riskier assets.
Vanguard executive likens Bitcoin to a speculative asset, while the firm opens door to crypto-tied ETFs. Other major U.S. brokers, such as Wells Fargo and Merrill, are also introducing spot Bitcoin ETFs to wealth clients.
Covered call selling by Bitcoin whales is contributing to the muted price action near $90,000, as they generate income from option premiums while holding the underlying asset.
Pierre Rochard believes banks will need to offer Bitcoin exposure to clients, driving a shift in the financial sector towards cryptocurrency adoption.
Bitcoin’s four-year cycle remains but is now driven by politics, liquidity, and elections, according to 10x Research analyst Markus Thielen, indicating a shift in the market’s dynamics.
Twenty One Capital’s first-day slide on the NYSE highlights investor caution towards BTC-backed stocks, indicating a shift towards more sober valuations in the crypto market.