Bitcoin could climb to $150,000, according to a crypto analyst
en|en|#BTC94KShowdown - Renowned crypto analyst Michael van de Poppe has predicted that Bitcoin (BTC) will reach $150,000 in 2025, a 60% increase from its current levels. This optimistic forecast is based on Bitcoin’s remarkable performance in 2024, when its price surpassed the $100,000 mark and recorded new highs, including reaching $73,000 following the approval of Bitcoin Spot ETFs in January. The analyst attributes the potential growth of BTC’s price to macroeconomic conditions, including the increase in the global money supply and the difficulties facing the US economy.
Download Binance App - Banner with#BNBLogo #BTC☀️ Binance App Safe, fast and stylish The Science Behind Cryptocurrency Misconceptions: Confirmation Bias 2024-12-27 Key points Confirmation bias causes us to seek out information that reinforces our pre-existing beliefs, often ignoring evidence that contradicts them.
Will gold and cryptocurrencies repeat the 2017-2021 scenario?
An analysis of the current movements in commodity futures and cryptocurrency prices suggests that markets appear poised to repeat the movements seen during the last period of US President Donald Trump’s term from 2017 to 2021. Some analysts may see the movement of commodity and cryptocurrency prices as being influenced by current geopolitical and domestic issues, but I believe that these movements will be more influenced by the ways and means that President-elect Donald Trump will determine this time while resolving the current prevailing issues.
Germany charges Elon Musk with election interference
Cryptonews - Elon Musk has long expressed his support for the right-wing Alternative for Germany (AfD) party. A German government spokesman has accused Donald Trump-backed co-chair of the Department of Government Efficiency (DOGE) Elon Musk of trying to interfere in the upcoming national elections on Monday. Germany accuses DOGE co-chair Elon Musk of election interference
Important statements from the Federal Reserve regarding gold and digital currencies
- San Francisco Federal Reserve Bank President Mary Daly has said she does not consider cryptocurrencies to be the same as gold, despite their sometimes shared characteristics. In an interview with Yahoo Finance, Daly pointed out the importance of abandoning prevailing beliefs about cryptocurrencies and defining what they are precisely. She said: We have to understand cryptocurrencies deeply and call them by their real name after verifying what they are, whether it is a currency, a medium of exchange, or even an asset that retains or sometimes loses value.
Trump warns: Debt ceiling decision could lead us to "1929" In a controversial statement, former US President Donald Trump described the decision to extend the debt ceiling that was taken last September during the Biden administration as 'one of the stupidest political decisions in recent years'.
Trump, in a tweet on his platform, confirmed that this decision transferred the problem from the responsibility of the Democrats to the Republicans without any significant gains, and considered it a major reason for the loss of the former Speaker of the House of Representatives from his position.
Referring to the Great Depression in 1929, Trump issued strong warnings that current policies could push the country into a similar crisis. He accused the Democrats of not caring about what the country might face, as long as the repercussions would harm the Republicans.
Trump called for immediate action to force the Democrats to vote on this file during the Biden administration, warning against holding the Republicans responsible for a potential economic disaster in the future. The coming days will be decisive in determining the fate of this thorny file.
The US dollar fell in the European market on Monday against a basket of major and minor currencies, continuing to move in the negative zone for the third consecutive day, in light of the relative slowdown in currency purchases as the best available investment, due to the current decline in the yield on US 10-year Treasury bonds.
#BTC According to the image showing the Bitcoin (BTC/USDT) price analysis with several indicators:
1. Current price: Bitcoin price is 91,749.11 USDT, down 3.12% in the last 24 hours.
2. Technical indicators:
MACD indicator: negative value (MACD: -1,143.16), indicating strong bearish momentum.
RSI indicator (Relative Strength Index): Its value is at 27.59, which means that the asset may be in an oversold zone according to conventional standards.
The price is approaching the 24-hour low at 91,530.45, indicating selling pressure.
3. Price pattern:
There is a series of red candles, indicating continued selling.
The support level seems to be near 90,500.00 USDT, which is the recent low.
4. General Recommendations:
If you are trading in the short term, there may be an expected bounce if the RSI indicator remains in the oversold zone.
If the support at 90,500.00 is broken, we may see further declines.
It is always advisable to follow the news and events that may affect the market before making trading decisions.
#BtcNewHolder XRP Forecast for the Next 24 Hours: A Deep and Detailed Look the introduction XRP, the cryptocurrency associated with Ripple, continues to attract the attention of investors and traders in the cryptocurrency market. With the ongoing market volatility, short-term price predictions, such as the next 24 hours, become vital for decision makers. In this article, we will review the XRP price prediction for the next 24 hours with a focus on technical analysis, economic factors, and legal and regulatory events.
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The Science Behind Cryptocurrency Misconceptions: Confirmation Bias 2024-12-27 Key points Confirmation bias causes us to seek out information that reinforces our pre-existing beliefs, often ignoring evidence that contradicts them.
This bias greatly reinforces false beliefs associated with everyday life and cryptocurrencies, ranging from “the moon landing was faked” to “cryptocurrencies are only used for illegal activities.”
#BitwiseBitcoinETF Japanese Candlesticks: The Language of the Silently Speaking Markets Japanese candlesticks are powerful technical analysis tools used to represent the price movement of financial assets such as stocks, commodities, real estate, and currencies over a specific period of time. These candles are more than just numbers, they tell a story of a battle between buyers and sellers, revealing market sentiment and traders’ emotions.
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