Binance Square
Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
LIVE
CryptoFeed_News
Bullish
--・295 views
#Write2earn BLOCKSTREAM CEO ADAM BACK PREDICTS UNSTOPPABLE BITCOIN PRICE RALLY #BitcoinAnalyst #BTC $BTC #BitcoinTo100K Blockstream CEO Adam Back recently shared a bullish outlook for Bitcoin on X (formerly Twitter), predicting an inevitable parabolic uptrend. His analysis comes amid significant market volatility post-Bitcoin halving. Current BTC Status Bitcoin is trading at $68,941, down 0.42% in the past 24 hours. Let's delve into why Back foresees a substantial price rally. Key Reasons for the Predicted BTC Surge Exhausted Market Bears: Back believes market bears will soon be "exhausted" and run out of coins to sell, giving bulls the upper hand and driving prices up. Strong Fundamentals: Bitcoin’s growing adoption, real-world applications, and technological advancements support a bullish outlook. The approval of spot BTC ETFs in various countries and the upcoming BTC halving event highlight this trend. Post-Halving Supply Shock: A CryptoQuant report shows a decline in BTC miner holdings due to reduced rewards, suggesting a supply shock that could drive prices higher amid rising demand. Investor Interest: Back suggests that Bitcoin's bullish long-term prospects will attract more investors, increasing capital inflow and buying pressure. Conclusion Adam Back's analysis indicates that a confluence of exhausted market bears, strong fundamentals, a post-halving supply shock, and increased investor interest could drive Bitcoin's price to new heights.

#Write2earn
BLOCKSTREAM CEO ADAM BACK PREDICTS UNSTOPPABLE BITCOIN PRICE RALLY
#BitcoinAnalyst #BTC $BTC #BitcoinTo100K

Blockstream CEO Adam Back recently shared a bullish outlook for Bitcoin on X (formerly Twitter), predicting an inevitable parabolic uptrend. His analysis comes amid significant market volatility post-Bitcoin halving.

Current BTC Status
Bitcoin is trading at $68,941, down 0.42% in the past 24 hours. Let's delve into why Back foresees a substantial price rally.

Key Reasons for the Predicted BTC Surge

Exhausted Market Bears:

Back believes market bears will soon be "exhausted" and run out of coins to sell, giving bulls the upper hand and driving prices up.

Strong Fundamentals:

Bitcoin’s growing adoption, real-world applications, and technological advancements support a bullish outlook. The approval of spot BTC ETFs in various countries and the upcoming BTC halving event highlight this trend.

Post-Halving Supply Shock:

A CryptoQuant report shows a decline in BTC miner holdings due to reduced rewards, suggesting a supply shock that could drive prices higher amid rising demand.

Investor Interest:

Back suggests that Bitcoin's bullish long-term prospects will attract more investors, increasing capital inflow and buying pressure.

Conclusion
Adam Back's analysis indicates that a confluence of exhausted market bears, strong fundamentals, a post-halving supply shock, and increased investor interest could drive Bitcoin's price to new heights.



Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
CryptoFeed_News
@cryptofeed_news

Explore More From Creator

#Write2earn JOIN THE HORNETS LEGACY: WATFORD FC’S UNIQUE INVESTMENT OPPORTUNITY #WatfordFC #FootballCrypto Watford FC, a prominent club in the English Football League Championship, has historically graced the Premier League and now affords fans and investors alike a unique opportunity. The club has announced a pioneering investment prospect where 10% of Watford’s equity is up for grabs via Seedrs, Republic’s European venture. The team, famed for its valiant climb to the top echelons of English football during the ’70s and ’80s under celebrity chairman Elton John, is now targeting a £17.5 million fundraise. Shares are competitively priced at approximately £12, as revealed in a recent statement. The collaboration with Republic is set to broaden the investor horizon beyond conventional means, empowering supporters to directly partake in the team’s storied tradition and aspiring future. Watford FC is not just providing digital shares but is also planning to issue exclusive offer tokens to its investors, with future plans to facilitate token trading. This initiative by Watford is a testimony to their commitment to embrace community and fans in the club’s financial and operational growth. As they strive to ascend once more to the Premier League, this investment initiative positions Watford FC as a forward-thinking club, interlinking sport with innovative financial engagement. For those who dream of contributing to a football club’s success, this equity offering provides an opportunity to invest, not just monetarily, but with the heart of a true fan. Keep an eye on our blog for the latest updates on this exciting venture from Watford FC.
--
#Write2earn Bitcoin On-Chain Data Reveals Strong Long-Term Conviction: Market Update #bitcoin☀️ #BTC #ALTCOINS $ADA $BTC $SOL Bitcoin (BTC) has remained a topic of intense interest in the cryptocurrency market, with its recent price movements and on-chain data providing insights into the state of the ecosystem. According to recent reports, over 50% of the Bitcoin supply has remained inactive, indicating a strong long-term conviction among investors . This trend is particularly noteworthy as it comes amid the recent market volatility, with Bitcoin sliding to $69,200 early Tuesday, amid broader profit-taking after briefly crossing the $70,000 level late Monday. The price action across major cryptocurrencies has been mixed, with some meme stocks and tokens experiencing significant gains, while others, such as Ether and Dogecoin, showing slight losses . Cardano's ADA and Solana's SOL, on the other hand, rose as much as 3%, reflecting the diverse nature of the cryptocurrency market. The recent on-chain analysis by CryptoQuant revealed that 50% of the long-term Bitcoin supply was "inactive," meaning that these coins have not moved or seen any changes in their holdings across tracked wallets. This is considered a strong indicator of long-term conviction, which may suggest the potential for further price gains in the future. The bullish sentiment around Bitcoin's continued growth remains "stubbornly" present, according to Singapore-based QCP Capital, which noted an increase in trading activity.
--
#Write2earn Pepe Coin Accumulation Sparks Bullish Momentum: New Wallet Buys 202 Billion PEPE from Binance #pepe⚡ $PEPE #PepeCoinToTheMoon #memecoin The recent surge in Pepe coin accumulation has sent ripples through the crypto industry, propelling PEPE's price to new heights. Notably, a staggering 202 billion coins were scooped up from Binance, fueling anticipation of further price gains. Fresh Accumulation Ignites Optimism In a remarkable turn of events on June 3, amidst Pepe coin's already impressive bull run, a new wallet address amassed a substantial amount of PEPE from Binance. This influx of coins, totaling $3.07 million, occurred against the backdrop of a weekly pullback in PEPE price, sparking bullish sentiments among market participants. Investors interpret this accumulation as a positive sign, indicating continued confidence in the asset's potential despite speculations that PEPE may have reached its peak. The frog-themed crypto's resilience and ongoing market surge further bolster this outlook. Pepe Coin's Market Dynamics According to data from the on-chain analytics platform Whale Alert, a whopping 202.4 billion PEPE was withdrawn from Binance by the wallet address 0x5077. This substantial accumulation adds to PEPE's already impressive performance in this year's bull cycle. However, recent PEPE dumps in the market have also drawn attention, possibly driven by profit-taking behavior amidst the coin's phenomenal rally, boasting a 96% increase over the past month. Price Movement and Market Statistics Despite these fluctuations, PEPE's price surged by 2.80% in the past 24 hours, reaching $0.00001519. Market indicators paint a positive picture, with futures Open Interest (OI) and derivatives volume showing significant upticks. The Relative Strength Index (RSI) hovering near 63 suggests that PEPE has yet to reach overbought levels, indicating potential for further gains. Conclusion With substantial accumulation and promising market statistics, Pepe coin stands as a bullish contender in the global crypto market.
--
#Write2earn #Polkadot (DOT) Holds Above $7 Amid Volatility: Analysts Remain Bullish #Dot........ $DOT #altcoins Last week, Polkadot faced a bearish spell, slipping from $7.63 to $6.97. However, it managed to stay above the crucial $7 mark, finding stability as buyers re-entered the market, pushing DOT back to $7.05 by Saturday. Crucial Juncture Ahead for Polkadot (DOT) Currently, Polkadot is at a pivotal point, caught between support at $7 and resistance at $7.60. Breaking through the $7.60 barrier, aligned with the 200-day SMA, could launch DOT toward $8. Conversely, a breach of $7 support may lead to a dip to $6.40. DOT's Undervaluation Despite Technological Strides Renowned analyst Michael van de Poppe highlights Polkadot's undervaluation, particularly with recent upgrades like the JAM protocol. With a focus on real-world asset integration, Polkadot is making strategic strides, boasting six RWA-focused projects within its ecosystem. "Polkadot ($DOT) remains heavily undervalued. With the recent JAM Upgrade and a strong focus on real-world assets, DOT is set for significant growth," van de Poppe emphasized.
--
#Write2earn KEITH GILL’S GAMESTOP OPTIONS POSITION SPARKS MEME TOKEN RALLY #GAMEstop #GME #TheRoaringKitty #KeithGill Influential retail trader Keith Gill, known for the 2021 GameStop short squeeze, has reignited market excitement with a recent post on the r/superstonks subreddit. Using his “DeepF*****Value” alias, Gill revealed his substantial GameStop (GME) options positions early Monday during Asian trading hours. Gill's post showcased over $116 million in GME shares and $63 million in call options set to expire on June 21. His strategic bets have already netted him $6.8 million, sparking a speculative frenzy. Market Reactions The viral Reddit post sent ripples across both stock and crypto markets. Cat-themed meme tokens such as toshi (TOSHI), mog (MOG), keycat (KEYCAT), and wen (WEN) surged by up to 37% in the past 24 hours, as per CoinGecko data. GME, a Solana meme token, soared over 200% according to DEXTools data. GameStop shares also climbed by more than 80%, while AMC Entertainment Holdings Inc. (AMC) saw a 36% increase in premarket trading, based on MarketWatch data. This is the second time in under a month that Gill’s social media activity has influenced crypto and stock markets. His May post on the @TheRoaringKittyX account triggered similar rallies across Solana meme tokens. Keith Gill's Influence Gill earned his reputation and market authority by analyzing GameStop's financials on Reddit stock market forums starting in 2019. His insights gained traction during the COVID-19 pandemic, culminating in the viral GameStop short squeeze of January 2021. This phenomenon saw small-time traders unite to purchase options and leveraged shares, driving the stock price up significantly. Gill’s initial $53,000 investment in GameStop reached a peak value of nearly $50 million, cementing his status as a rags-to-riches success story and garnering a dedicated following.
--

Latest News

Shiba Inu Cryptocurrency Experiences 3% Drop, Investors Monitor for Signs of Recovery
--
Bitcoin Price Could Reach $150,000, Says Fundstrat Co-Founder Tom Lee
--
Spot-Based Exchange-Traded Funds Record Second-Largest Single-Day Haul
--
Base Ecosystem Tokens Witness Significant Surge
--
The Dynamics of On-Chain Liquidity Games: Developers, Snipers, and Traders
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie