Scott Melker believes that during the last halving cycle, the price of Bitcoin rose from a high of $20,000 to a high of $69,000, an appreciation of 250.86%. If a similar trend emerges, “Bitcoin will be at $240,000.”
JinseFinanceThe recent Bitcoin price decline is a concoction of CME futures outflows, spot sales, and structural shifts. However, analysts predict a swift attenuation of these effects, paving the way for a stabilizing Bitcoin price in the near future.
SanyaThe price of Bitcoin is stuck in consolidation, and the market atmosphere is in a tug-of-war state. On the one hand, increased institutional investment has brought optimism, and on the other hand, concerns about potential sell-offs by miners have posed pressure.
JinseFinanceThe current broad categories of investable assets are divided into two categories: 1. Production assets that can create cash flow by themselves; 2. Commodity assets that cannot create cash flow by themselves.
JinseFinanceBitcoin, according to CFTC Chairman Behnam, might flourish in a regulated market where institutional investors are more at ease investing in the space.
Others
NulltxBear market fractals, weak technicals and macro risks continue to signal more pain for Bitcoin ahead.
CointelegraphA casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.
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