Figure 1. Bitcoin’s weekly action since the 2022 low with our preferred Elliott Wave count.Ideally, BTC should have completed the red W-iv and is about to commence the red W-v, preferably to $166K. In previous updates, we have shown why we prefer that target (spoiler alert: it is based on Fibonacci extensions). At last week’s…

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The cryptocurrency market has been suffering over the past month as multiple domestic and international factors continue to dent investor sentiment. Bitcoin (BTC), especially, has been taking a hit lately, with the cryptocurrency falling below $74,000 earlier last week on fears that the economy could slip into a recession after President Donald Trump announced sweeping…

CryptoQuant analysts have revealed that the cryptocurrency market risk remains high despite the decline in Bitcoin prices. The on-chain data analysts also noted that only 24% of BTC’s circulating supply is in an unrealized loss. The analyst noted that the unrealized loss depicted historical early-stage corrections rather than continued decline. He also said that the…

Bitcoin (BTC) eyed new April highs at the April 15 Wall Street open amid skepticism over BTC price strength. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin price faces multiple resistance hurdles Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeking to break through $86,000. Continued strength through the weekend had set up the pair for…

Bo Hines, Executive Director of the Presidential Council of Advisers on Digital Assets, has outlined how he claims the US plans to grow its newly established Strategic Bitcoin Reserve (SBR) budget-neutrally. On Anthony Pompliano’s podcast, Hines explained that the administration is exploring several budget-neutral strategies, including leveraging tariff revenue and revaluing Treasury gold certificates. Buying Bitcoin…

In our previous update (see here), we showed how our long-term crypto-trading-alert system provided staggering returns for Bitcoin (BTC): “Five trades have been executed since 2012, with a sixth underway since February 28, 2023. It is currently up ~200%. Two trades were losses (-16.1% and -31.2%); three were winners (+9,480%, +1,960%, +346%). Thus, our trading…

The cryptocurrency market has been suffering over the past month as multiple domestic and international factors continue to dent investor sentiment. Bitcoin (BTC), especially, has been taking a hit lately, with the cryptocurrency falling below $74,000 earlier last week on fears that the economy could slip into a recession after President Donald Trump announced sweeping…

Binance CEO Richard Teng recently tweeted a prediction about Bitcoin, the first and largest cryptocurrency by market capitalization. Teng anticipates “upward momentum” for Bitcoin, urging both countries and corporations to act now or “risk paying a premium later.” In a tweet posted to his official X account, Teng stated, “Countries and corporations that buy Bitcoin…

Resistance breakthroughs are key for strong and long-term bullish movement on the market. Bitcoin recently broke through a significant technical barrier, pushing above the 200-day Exponential Moving Average (EMA). With momentum growing due to improving market sentiment and rising volume, Bitcoin is currently targeting the next psychological and technical target at $86,000 when it was…