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Bitcoin price bouce will occur when ‘weak hands’ capitulate and hashrate recovers – Cointelegraph
Bitcoin (BTC) has been in a downtrend for over two weeks and now trades 13.8% below its all-time high of $73,835, reached on March 14. Analysts argue that BTC must recover its hashrate and shake off weak hands to end the downtrend. Independent analyst Willy Woo noted that Bitcoins price would only recover when weak miners die and the hashrate recovers.
Bitcoin price rebound may hit in 10 days as Fed liquidity rips higher – Cointelegraph
Bitcoin has around 10 days until United States macro conditions support a return to BTC price upside. That is according to financial commentator Tedtalksmacro, who tracks the correlation between BTC price action and U.S. Federal Reserve liquidity.
3 reasons why Bitcoin price struggles to reclaim $64K – Cointelegraph
Bitcoin (BTC) dropped below $64,000 for the first time in over a month on June 21. Data from Cointelegraph Markets Pro and TradingView shows that BTC dropped from an opening at $64,840 to an intra-day low of $63,451
Nasdaq just notched its seventh straight record high why hasn’t Bitcoin budged? – DLNews
The Nasdaq Composite is on a tear, having just made its seventh consecutive day of record highs.
Bernstein raises Bitcoin price target forecast to $200K, says buy the dip By Investing.com – Investing.com
Investing.com -- Analysts at research and brokerage firm Bernstein have raised their price forecast to $200,000, up from their previous target of $150,000. Bitcoin and crypto-related stocks remain underrated and are ripe for institutional inflection as pessimism from past regulatory hurdles fades, the analysts wrote in a note on Thursday.
Bitcoin analyst optimistic of buying BTC lower as 3 trendlines fail – Cointelegraph
Bitcoin (BTC) failed to reclaim $65,000 after the June 18 Wall Street open as analysts predicted further BTC price downside. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to maintain support near key trendlines.
Expert Says Shiba Inu Could Reach $0.003 if Bitcoin Hits $150K – The Crypto Basic
Wizard Crypto expects Shiba Inu (SHIB) to hit a target of $0.003 if Bitcoin trades at $150,000 per coin in the upcoming bull run.
Here’s How Much Outflows the Spot Bitcoin ETFs Saw Last Week as BTC Drops 3% – CryptoPotato
Most US-based spot Bitcoin ETFs have started to see substantial withdrawals and the total amount has shot up to more than $500 million in the past week alone, even though it was just a four-day trading week. These developments have undoubtedly harmed BTCs price movements, which have been closely related to the ETF flows. Ever since mid-January, when the US SEC reluctantly approved nearly a dozen spot Bitcoin ETFs, these financial vehicles have been at the forefront of investor adoption, especially from those who refrained from entering the landscape before this regulatory nod
Heres XRP Potential Surge If Bitcoin Achieves $1M as Predicted by Bernstein – The Crypto Basic
XRP could similarly enter unprecedented price territories if Bitcoin attains the $1 million that Bernstein analysts anticipate. XRP has been stuck in a holding pattern, lingering just shy of the $0.50 mark for days
The jury is still out on Vitalik’s account abstraction proposal – Blockworks
Its not yet clear when Ethereums next major upgrade will hit mainnet, with current estimates ranging from November this year to early 2025 although the latter now seems more likely. The first step in shoring up a timeline for Pectra is to finalize the specification of all Ethereum Improvement Proposals that are to be included. While most of that work has been done, one item was identified on Thursdays All Core Developers (ACD) call as the number one outstanding spec issue for Pectra, and thats EIP-7702: Set EOA account code for one transaction.