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Bitcoin’s Price Outlook: Uncertainty Looms Despite Bullish Potential

The price of Bitcoin keeps creating excitement, swinging wildly between major support and resistance levels as watchers in the crypto world and beyond keep their eyes peeled for signs that the broader market is moving in one direction or another. Fresh data from CryptoRank serves to pump up the already elevated atmosphere of anticipation. The data shows October 2025 as a highly likely timeframe for Bitcoin to hit its next all-time high. That forecast is right in line with what some of Bitcoin's most devoted forecasters have been saying for quite some time. Bitcoin’s Potential Bull Run and the Halving Cycle In historical terms, when considered as a series of cycles, the price of Bitcoin has tended to peak approximately 550 days following each halving event. This has been the case in each of the previous two cycles. So, the […]

Will Izuchukwu April 9, 2025

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Bitcoin Faces Pressure Below $80K: A Crucial Support Zone or a Precursor to Further Decline?

Bitcoin (BTC), the flagship digital currency, has been under substantial stress in the last several weeks, presently positioned around 30% below its all-time high (ATH). Yet, amid a market that seems to be continuously slumping, there are emerging signs of demand, particularly within the $76,000–$85,000 range. The question is, can this support level hold? Or, are there more downside risks to consider? As the market absorbs these price shifts, there are several factors that keep contributing to the relentless volatility. First, it is important to note that the profit and loss ratio has taken a nosedive and is now well below the key level of 1.0. This was a drop that I had signaled as potentially significant a few weeks back. A P/L ratio below 1.0 is indicative of less pressure to sell; it doesn’t mean that no one is […]

Will Izuchukwu April 6, 2025

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Bitcoin’s Market Landscape: A Mix of Optimism and Caution as Macro Indicators Weigh on Growth

While global financial markets remain uncertain, the cryptocurrency sphere—Bitcoin in particular—seems to be stirring an unusual blend of positive on-chain metrics and negative macroeconomic conditions into what might be a compelling growth story. On the major exchanges—Binance, ByBit, OKX, and Deribit—the most recent market developments have suggested a shift in sentiment toward Bitcoin. The average funding rate across these platforms was just above zero, indicating a very cautious market. But funding rates have dropped into the negative for a number of stretches in the past. And what happens next has been somewhat mixed: Price increases for Bitcoin have followed four of those negative stretches, while the only occasion that it dropped into negative funding territory and then moved back to zero was followed by a pretty steep decline in price. https://twitter.com/AxelAdlerJr/status/1907289208827654336?t=pligaT4-1s2_8bMtHZ3AVw&s=19 A Stabilizing Market with Positive Long-Term Signals The spot […]

Will Izuchukwu April 4, 2025

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News

Tether Expands Bitcoin Reserves with $735 Million Purchase, Now Holds $7.64 Billion in BTC

A big step toward building its reserves, Tether—the issuer of the world’s most widely used stablecoin, USDT—has bought an additional 8,888 BTC, worth about $735 million, in the first quarter of this year. This purchase makes Tether one of the largest holders of Bitcoin in the world, with 92,647 BTC, worth approximately $7.64 billion. Buying that much Bitcoin in such a short time didn’t affect the price substantially, which is important for stablecoins—fiat-pegged currencies that are supposed to be worth something even when the value of other cryptocurrencies goes up and down. Tether’s Strategy: Regular Bitcoin Purchases to Strengthen Reserves Tether has decided to increase its Bitcoin holdings as part of a larger strategy to strengthen its reserves. In May 2023, the company made a public announcement outlining its plan to allocate a substantial portion of its profits toward the […]

Will Izuchukwu April 2, 2025

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (April 2) – BTC Resumes Drops But Found Temporal Ground as it Hold Above 81k

The first quarter of this year has been rough for Bitcoin following an over 20% correction. While there's still hope for a recovery, we can expect a positive turnaround if the bulls show strong commitment.  Last month came with a lot of relief following a bounce off the $76.6k level, but things later turned ugly as Bitcoin short-lived the momentum under the $89k level due to a bearish interception. It lost steam afterward and closed that month on a weak note. However, the $81k level has temporarily provided support, and it’s now trading calmly on the first day of the new month. While negotiating the next major move, the bears may mount pressure to attack the $80k level. This level corresponds with the rising support trendline, which has been forming since August 2024. A breakdown there could bring us back […]

Michael Fasogbon April 1, 2025

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MicroStrategy Expands Bitcoin Holdings by $1.92 Billion: A Bet on Digital Gold’s Future

In a decisive step that emphasizes its burgeoning certainty in Bitcoin as a prolonged treasure, MicroStrategy, under the direction of its chairman, Michael Saylor, has acquired a hefty 22,048 BTC to its existing pile. The company's recent buying spree, which ran from March 24 to 30, 2025, saw it part with an eye-watering $1.92 billion. That's about $86,969 per Bitcoin, making this the largest single acquisition by MicroStrategy to date. Its total holding of 528,185 BTC is now worth approximately $35.63 billion. This most recent step taken by Saylor is another indication of his unwavering belief in Bitcoin's potential. It shows that MicroStrategy is not just playing with house money but is using a highly volatile asset in a treasury management strategy. Unlike other firms that issue convertible debt or engage in share repurchase programs, MicroStrategy is making Bitcoin a […]

Will Izuchukwu March 31, 2025

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News

Bitcoin’s Cost Basis Distribution Reveals Key Levels of Support and Resistance Amidst Market Shifts

Even as Bitcoin moves through the volatile cryptocurrency landscape, investor behavior and trading activity yield important near-term structural market insights. One of the best indicators in this regard is the cost basis distribution of Bitcoin—essentially, where different groups of investors hold their positions in relation to price. By analyzing these cost basis clusters, we get a much clearer picture of the supports and resistance Bitcoin is working off of. And then, of course, there's the picture of what could happen next. Support and Resistance Levels Driven by Investor Cost Basis Recent analytics in Bitcoin's cost basis distribution have revealed some fascinating (and perhaps unforeseen) formations that are now being associated with key price points. For instance, on March 10, some of the most efficient traders that one can find in this market somehow managed to access nearly 15,000 BTC at […]

Will Izuchukwu March 31, 2025

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News

Bitcoin Dominance Reaches 58.8%, Dashing Hopes for Altcoin Season

Bitcoin's dominance is at a robust 58.8%, the loftiest level reached since 2021, affirming once more that the original cryptocurrency is right at the head of the digital asset market. A surge in Bitcoin dominance generally casts shadows over the hoped-for altcoin seasons that many investors seem to wish for. Favorable conditions would seem to be ripe for an altcoin season: Bitcoin's year-to-date gains have been substantial, yet those have been outpaced by a few other digital assets. Nonetheless, even in the face of those altcoin assays, Bitcoin has remained comfortably at the helm, dominating the cryptocurrency market. The Forces Keeping Bitcoin in Control In recent months, signals have appeared that an altcoin rally could be just around the corner. These signals include: Anticipation of institutional adoption. Numerous new tokens being launched. Shift after shift in focus from market participants. […]

Will Izuchukwu March 31, 2025

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News

Bitcoin Market Sees Massive Liquidations as Bearish Momentum Drives $2.57B in Short Liquidations

The #Bitcoin Exchange Liquidation Map for the past week shows a stunning amount of liquidations in the cryptocurrency market. Long liquidations came in at an astounding $887.96 million, while short liquidations were even higher at an incredible $2.57 billion. This huge imbalance indicates that traders are predominantly placing bearish bets and that, if anything, the downtrend in the market is being intensified. https://twitter.com/CoinEdition/status/1905997878310351044?t=nS9pmo_QPLd-ssTiUBFtMA&s=19 The liquidations occur as Bitcoin and the larger cryptocurrency market keep having a downturn that seems never-ending, which is causing traders who are on the wrong side of the market a whole lot of grief. Long traders have suffered some relatively huge liquidations, but it's the short traders who have taken the biggest hits. And here's where it gets juicy: the liquidation charts for short traders, which are reaching record levels, suggest that even the traders who […]

Will Izuchukwu March 31, 2025

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News

Bitcoin Market Cooling Off: Shift Towards Moderate Losses and Profits

Bitcoin (BTC) holder reshuffling in 2025 has seen a notable change in supply across various profit and loss bands, revealed the latest data from Glassnode. Their Relative Supply by Profit and Loss metric shows key adjustments in the positioning of Bitcoin holders. Seems like Glassnode isn't calling for a market capitulation just yet. This all points to an increasingly concentrated Bitcoin supply in the LLC—"Louie, Larry, Chica" middle ground, as far as P&L is concerned—where holders are neither at major losses nor extreme profits. That's perhaps a more stable foundation for a potential Bitcoin bull market. A Shift in Market Sentiment The information points to an increasingly divergent distribution of Bitcoin's supply among the various profit and loss brackets. One of the most pronounced developments in this new affinity for divergence is something we're calling 'Losslandia.' In 2025, this is […]

Will Izuchukwu March 25, 2025

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