Observation from LTC Halving
The anticipated HALVING date for LTC is August 5, 2023.
LTC peaked 7 weeks prior, according to historical data from the two previous occurrences.
Will the past be repeated this time?
This time, June 12–18 falls 7 weeks before the expected LTC HALVING date. The dates of the last bullish wave might be June 5–11.
Source: Coin Lab
The anticipated HALVING date for LTC is August 5, 2023.
LTC peaked 7 weeks prior, according to historical data from the two previous occurrences.
Will the past be repeated this time?
This time, June 12–18 falls 7 weeks before the expected LTC HALVING date. The dates of the last bullish wave might be June 5–11.
Source: Coin Lab
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This metric - Transaction Count Momentum - compares the monthly average 🔴 transaction count against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for network activity.
As monthly 🔴 > yearly 🔵, this indicates an expansion in on-chain activity, typical of improving network fundamentals, and growing network utilization.
As monthly 🔴 > yearly 🔵, this indicates an expansion in on-chain activity, typical of improving network fundamentals, and growing network utilization.
Bitcoin could hit $100,000 by end-2024, Standard Chartered says
The leading cryptocurrency bitcoin could reach a price of $100,000 by the end of 2024, Standard Chartered said, noting that the so-called "crypto-winter" is over.
Bitcoin could benefit from factors such as the recent turmoil in the banking sector, the stabilization of risky assets as the U.S. Federal Reserve completes its rate hike cycle, and increased profitability of crypto-mining, said Jeff Kendrick, head of digital asset research at Standard Chartered.
Bitcoin has already shown a rally this year, rising above $30,000 in April for the first time in ten months.
© Reuters
The leading cryptocurrency bitcoin could reach a price of $100,000 by the end of 2024, Standard Chartered said, noting that the so-called "crypto-winter" is over.
Bitcoin could benefit from factors such as the recent turmoil in the banking sector, the stabilization of risky assets as the U.S. Federal Reserve completes its rate hike cycle, and increased profitability of crypto-mining, said Jeff Kendrick, head of digital asset research at Standard Chartered.
Bitcoin has already shown a rally this year, rising above $30,000 in April for the first time in ten months.
© Reuters
Bitcoin About to Pop – Where Next for the Bitcoin Price?
While Bitcoin remains well within recent ranges, the cryptocurrency could be about to pop higher again towards $31,000.
That because, if the cryptocurrency maintains its current short-term momentum, it could be about to break to the north of a pennant pattern it has formed over the last few weeks.
Source: Crypto News
While Bitcoin remains well within recent ranges, the cryptocurrency could be about to pop higher again towards $31,000.
That because, if the cryptocurrency maintains its current short-term momentum, it could be about to break to the north of a pennant pattern it has formed over the last few weeks.
Source: Crypto News
Bitcoin continues to trade inside the symmetrical triangle pattern, indicating indecision among the bulls and the bears. Usually, the trend that was in force before the formation of the triangle tends to resume. That means the price is likely to break out to the upside.
If the price closes above the triangle, the BTC/USDT pair could rally to $32,400. The bears are expected to mount a strong defense at this level because if the bulls drive the price above $32,400, the rally could reach $40,000.
If the price closes above the triangle, the BTC/USDT pair could rally to $32,400. The bears are expected to mount a strong defense at this level because if the bulls drive the price above $32,400, the rally could reach $40,000.