Bitcoin halving analysis hints at $24K bottom before the end of 2022
Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year.
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Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year.
Samson Mow, former chief strategy officer at Blockstream, is convinced that DeFi protocols can’t compete with Bitcoin as monetary networks due to their lack of decentralization.
A Redditor from the United States cashed in on all of their Bitcoin to pay for their dog, Derby’s cancer treatment.
The story of the 28-year-old engineer who took a loan out against his Bitcoin to pay for his mom’s house.
BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.
Markets took a turn for the better after BTC reclaimed $40,000 and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price.
Mounting concerns about the state of the global economy and traders' risk-off sentiment continue to weigh on Bitcoin price.
Bitcoin’s breakout above $42,000 was short-lived, leading some analysts to suggest that swing trading BTC’s range is the smartest move for now.
On-chain data suggests that the market has “already capitulated” and traders identify a bullish technical analysis pattern with a breakout target near the $41,300 level.
$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.