Arthur Hayes, the co-founder of BitMEX, recently shared his somber prediction for the immediate future of the Bitcoin price. In a candid statement on his X profile, Hayes disclosed his market maneuver, stating that he anticipates Bitcoin to drop below $50,000 over the weekend. Without diving into specific reasons for his forecast, Hayes’ timing seems
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The summer of 2024 has seen a continuation of the historical trend of bearish behavior for the Bitcoin price. Since June, Bitcoin has experienced significant weakness, experiencing multiple flash crashes that have driven the price from over $70,000 down to below $50,000 at one point. Analyst Predictions for Recovery Despite the current downtrend, there is
Bitcoin’s price has been on a rollercoaster ride recently, with fluctuations that have left investors on edge. Just yesterday, Bitcoin was trading at $59,076 before dropping to as low as $57,127 during the early Asian trading session today. This downward trajectory has once again highlighted the challenges that lie ahead for the cryptocurrency. One of
The recent price volatility of Bitcoin, which saw a crash below $50,000 last month, has caused a significant slowdown in the momentum of the anticipated bull run. Despite this, analysts like CryptoCon remain optimistic about the future of Bitcoin, predicting a sharp rise to over $100,000 once the current price corrections stabilize. CryptoCon, a popular
Bitcoin, the leading cryptocurrency in the market, has recently experienced a significant decline in its price. Despite initial hopes of a strong bull run this year, Bitcoin has failed to maintain its price above the $60,000 threshold. In fact, some analysts are now warning that Bitcoin could crash below $40,000, painting a grim picture for
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of journalism and content creation. He initially started writing on various subjects but eventually discovered his passion for understanding the complexities of blockchains and cryptocurrency. His focus on the efficiency of digital assets in terms of storing and transferring value has led
John is a dedicated writer and enthusiast in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply engrossed in it for over two years. His passion lies in unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency realm. John’s day
An individual named Opeyemi has found himself deeply immersed in the world of cryptocurrency despite it not being his initial career path. Over the course of two years, Opeyemi has dedicated his time to understanding and unraveling the intricate complexities of blockchain technology. He is drawn to the ever-changing landscape of digital assets, often spending
Semilore Faleti is not your average cryptocurrency writer. With a background in journalism and content creation, he has quickly made a name for himself in the world of blockchain and digital assets. While many writers struggle to grasp the complexities of the cryptocurrency space, Semilore has shown a unique ability to break down these intricate
In the pursuit of predicting the best time to buy Bitcoin, crypto analyst R.N. Elliot has identified a “Double Zigzag” pattern that has formed for Bitcoin. This pattern consists of two different zigzags, both of which are expected to play out similarly. The first pattern has already been completed, marked by the BTC all-time high