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Showing posts with the label -time

Bitcoin sets a new all-time high at $73k: Will it rally higher ahead of the halving?

Key takeaways Bitcoin has set a new all -time high of $73k and could soar higher in the short term.  The Bitcoin Dogs presale will end in two days and the project has raised more than $10 million so far.  Bitcoin sets a new all-time high at $73k Bitcoin has set a new all-time high price for two consecutive days this week. BTC surged to a new all-time high on Tuesday after trading around the $73k region. The milestone came after BTC added more than 1% to its value on Tuesday,  The world’s leading cryptocurrency by market cap has slightly retraced. At press time, the  price of Bitcoin stands at $72,060, up by less than 1% in the last 24 hours.  Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.4 trillion mark, overtaking Silver as the eighth-largest asset in the world. BTC could soar higher ahead of the Bitcoin halving, which is roughly 38 days away.  What is Bitcoin Dogs? As Bitcoin is ...

$160K at next halving? Model counts down to new Bitcoin all-time high

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A bold prediction states that BTC price can gain 500% between now and April 2024. Bitcoin (BTC) price action may lack momentum this month, but one popular analyst is still eyeing new all -time highs. In his latest Analysis , TechDev confirmed that he believes BTC/USD will see a “parabolic top” around the 2024 block subsidy halving . Can Bitcoin p gain 500% in a year? Less than twelve months away, Bitcoin’s next halving is already the topic of debate among market participants. Some argue that the event will lay the foundations for the next all -time high, in line with previous halving cycles. For TechDev, however, the new BTC price record should come sooner rather later — specifically, in Q2 next year. The idea was originally covered in a Market Update blog post earlier in May. This week, meanwhile, it was described as his “primary time-based idea.” A chart uploaded to Twitter showed the path to the Q2 top dotted with resistance lines — Fibonacci retracement levels and the current a...