Bitcoin is on the cusp of entering price discovery, contingent on breaching the critical resistance at its previous all-time high of $69,000, according to crypto analysts. BitcoinÂ
BTC ïżŒ $68,429
 hit its peak of around $69,000 during the 2021 bull run. This level was tested again on March 5, following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year. Despite several attempts to break through, Bitcoin has remained below this threshold for approximately 10 weeks.
A widely followed crypto analyst says that Bitcoin (BTC) is on the cusp of entering the parabolic phase of the market cycle. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 474,000 followers on the social media platform X that it appears as if the crypto king is one weekly close away from going parabolic.
However, the analyst notes that most likely, it wonât be weeks until the top crypto asset by market cap makes large moves to the upside. âBitcoin rejects from the range high of its current reaccumulation range. Itâs clear that BTC is only one weekly close above the range high away from entering the parabolic phase of the cycle. But history suggests this historic breakout is still several weeks away.â
The average Bitcoin investor is a financial genius of impeccable character, according to new research. Canadian investors, anyway.
Stefano Di Demonico, a behavioral scientist and assistant professor at the University of Toronto, is finalizing a joint study on the âpsychological makeup and financial literacy of Bitcoiners.â While the results have not yet been officially released, he previewed its findings at the Canadian Bitcoin Conference earlier this month. Drawing on a sample of 500 Canadian retail crypto investors, the co-author noted that his findings contradicted common misconceptions about the demographicâoften caricatured as immature âcrypto brosâ who are irresponsible with their money. âBitcoiners tend to be intellectually curious and emotionally stable,â Di Domenico wrote on LinkedIn regarding his findings earlier this month. âThey value personal growth, relationships, community, and health over material possessions and having a âhigh-statusâ image.â The research survey included more than 350 questions intended to address more than a dozen hypotheses. Di Domenico acknowledged the input of "Bitcoin-agnostic colleagues" for âcritical and open-minded contributions,â and noted that the findings are still being prepared for peer review. âMy colleagues and I are looking forward to finishing up our paper and sharing a fuller, more detailed set of findings,â Di Domenico tweeted today. Even so, the study's early results provide a stark contrast from a high-profile study covered by the New York Post two years ago, which summarized its findings in a headline saying Bitcoiners are âpsychopaths who donât care about anyone.â That study, conducted by scientists at the Queensland University of Technology in Australia, said many crypto investors exhibited all four âdark tetradâ traits including narcissism, Machiavellianism, psychopathy, and sadism. One of the authors admitted, however, that their survey of 566 people covered âonly a subset of people interested in crypto who do have these traits.â #Megadrop $BTC
Solana Labs announced a collaboration with Google Cloud on Thursday to bring its blockchain game development platform GameShift to Google Cloud's ecosystem, aiming to drive mainstream adoption of blockchain technology in gaming.
GameShift abstracts away blockchain complexity by providing game developers an easy-to-use API for seamless user onboarding on Solana, along with in-game digital asset minting, branded in-game NFT marketplaces, credit card payments and payouts, and more. #BTC #solanasummer
$ETH There is also a short-term breakout pattern forming with resistance at $3,950 on the hourly chart of ETH/USD. If the pair stays above the $3,800 level, it could attempt another increase. Immediate resistance on the upside is near the $3,900 level.
$STORJ Ethereum co-founder Vitalik Buterin, who caused significant increases in the market with his statements, mentioned a new altcoin in a post he made on Warpcast on March 8. At this point, Buterin shared his thoughts about DePIN projects and discussed which projects in the DePIN category are most likely to be successful. Vitalik said it looks like the DePIN category is starting to rebrand concepts that have been around for a decade but never took off, like StorJ and various decentralized Uber-like platforms. Finally, Buterin asked whether there was any reason why these projects could be successful now. After this post of the ETH founder, STORJ price started to rise.
Solana price forecast: SOL has witnessed an impressive surge in its value, showcasing a robust performance in the cryptocurrency market. Since October, the value of SOL Coin has skyrocketed, registering an increase of more than 500%, indicating a bullish trend. Despite this remarkable growth, Solanaâs price has slightly adjusted downwards by 3% over the last day, settling at $129. This minor dip follows a period of significant gains.
Solana Price Forecast: Recent Surges and Market Dynamics
Currently positioned as the fifth-largest cryptocurrency by market capitalization, Solana boasts a market cap of $57 billion. This ranking highlights its substantial presence in the digital currency space. Additionally, the trading activity for Solana has seen a notable uptick.