Bitcoin may hit $120K in 2023, says trader as BTC price gains 25% in a week
Optimism is flowing around Bitcoin price potential, but warnings also point to intense correlation with stocks. Bitcoin (BTC) touched $24,000 at the July 20 Wall Street open as the good times kept rolling for crypto markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price rally "all macro driven"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing its latest milestone after a brief consolidation.Twenty-four-hour gains for the pair remained at nearly 8% and weekly returns near 25% as Bitcoin and altcoins benefitted from a declining U.S. dollar and....
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Dogecoin’s latest two-week chart analysis suggests the cryptocurrency could be gearing up for a new explosive rally. According to trader and market analyst Trader Tardigrade, the Relative Strength Index (RSI) for Dogecoin has settled at levels similar to those seen before price rallies in the past two years or so. This technical observation is based on Dogecoin’s steady uptrend along a long-standing support line since 2023 and points to its price action currently being in a possible early stage of accumulation before another leg upward. Related Reading: Dogecoin Flashback: Mirror Move....
Quick Facts: ➡️ Bitcoin’s rebound toward $93k, driven by ETF inflows and Fed rate cut expectations, has put renewed focus on a possible $120k target. ➡️ US spot Bitcoin ETF inflows have hit $58.5M on December 2 alone, while $BTC has added $732B in new capital throughout the entire cycle. ➡️ Bitcoin Hyper ($HYPER) proposes […]
Bitcoin price just set a higher high above the current 2023 high and 52-week high. What’s next after this as Bitcoin bulls continue to march upward? Bitcoin Price Sets New 52-Week High Bitcoin price is now trading above $31,800, which was the most recent 2023 high set back in July. Not only did July hold the […]
Bitcoin has kicked off October with a strong rally, surging to a seven-week high of almost $119,450. Its price jumped 2% in just 24 hours, pushing the total crypto market capitalization to an impressive $4.08T. This huge jump has everyone excited, hoping for a repeat of the Uptober trend, a historically bullish month for Bitcoin. The rally was so big it even pushed Bitcoin’s market value past Amazon’s. It’s not just Bitcoin, either; other major coins like Ether, Solana, and Dogecoin are all riding this wave and seeing great gains. Gains are also coming in for Bitcoin Hyper ($HYPER), a....
Bitcoin is back in beast mode. After months of chop and doubt, $BTC has flipped the narrative with a powerful V-shaped recovery that has it trading above $103K. Market sentiment has turned sharply bullish, and it’s not just crypto-native voices shouting ‘to the moon.’ Big money is flowing in. Analysts are calling for a $120K […]