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Bitcoin ‘ticking time bomb’ setup targets $150K by 2025

Bitcoin price technical setups, including a "cup and handle" pattern, suggest an explosive move to $100,000-$150,000 over the coming months. 

Bitcoin (BTC) is flashing signals that may indicate an explosive move to the $100,000-$150,000 range by the first quarter of 2025.

Bitcoin’s recent price action shows a confluence of technical indicators aligning with a breakout. The most notable pattern forming on the charts is the "cup and handle," a classic technical formation suggesting bullish continuation.

This pattern features a rounded bottom (cup) and a subsequent consolidation phase (handle). The handle’s formation signals a period of consolidation, often preceding a major bullish breakout.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Bitcoin headed for breakout or breakdown? Analysts weigh in

Analysts say upcoming rate cuts could be a boon for Bitcoin’s price action but the market is still in “wait and see” mode.

Crypto analysts are tipping three major events in the coming weeks that could drive up the price of Bitcoin, depending on how the market reacts to them. 

For the last seven months, Bitcoin has traded in a downtrending range between $74,000 and $52,000 and investors have grown increasingly restless about whether or not BTC will breakout to the upside or if its price will continue to crumble. 

Coinstash co-founder Mena Theodorou told Cointelegraph that the next major move for Bitcoin will hinge on how the market responds to upcoming political and regulatory shifts in the United States during election season, as well as upcoming macroeconomic data. 

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

2 key Bitcoin metrics signal steady bull cycle — ‘No bubble’ in sight

The metrics suggest that Bitcoin is unlikely to be overvalued at current levels, and its price action is developing “steadily without significant anomalies or sharp jumps.”

Although Bitcoin’s price is yet to reclaim its March all-time high, an analyst claims two key metrics show that the bull market remains strong and steady with no signs of a deep correction.

In an Aug. 18 report, CryptoQuant researcher Axel Adler looked to two key metrics — the bubble vs. crush market structure and the ratio between the difference of market cap and realized cap and the standard deviation of market cap (MVRV-Z score) — as signals that Bitcoin’s current price action is tracking a healthy path forward. 

“We can see that the current bull cycle is developing quite steadily without significant anomalies or sharp jumps,” Adler added.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Debate rages over Bitcoin power law as critics label it a ‘magic trick’

The Bitcoin power law has come under intense debate, with critics on one side and fierce advocates on the other.

The Bitcoin power law — a mathematical model that suggests continued growth in the price of Bitcoin over time — has become the subject of fierce debate, with critics slamming it as “deeply flawed” and saying it’s more like a “horoscope” than a predictive model for the cryptocurrency’s price. 

Consultant and Bitcoin advocate Adrian Morris told Cointelegraph that while the Bitcoin power law had been touted as a predictive model for the future price of Bitcoin (BTC), its legitimacy has been drastically overblown by its advocates.

On the other hand, Italian physicist Giovanni Santostasi — the man responsible for discovering the power law as it relates to Bitcoin — told Cointelegraph that the Bitcoin power law is undeniable and one only needs eyes to see it.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

BlackRock’s IBIT records biggest inflow day since March at $523M

BlackRock’s Bitcoin ETF has witnessed over half a billion dollars of inflows on the same day a flurry of spot Ether ETFs got the nod to begin trading.

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has notched its biggest day of inflows in over four months, with over $523 million entering the fund on Monday.

The iShares Bitcoin Trust (IBIT) scooped up 7,759 Bitcoin (BTC) on July 22 — worth just over $523 million at current prices — according to Hey Apollo data cited by its co-founder in a July 23 post to X.

The July 22 addition brings the total sum of inflows into BlackRock’s fund to 333,000 BTC which equates to $22 billion at current prices.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Bitcoin whales set to stack more amid ‘overestimated’ Mt. Gox FUD: Analyst

CryptoQuant CEO Ki Young Ju says Bitcoin is still vulnerable to “speculative FUDs,” giving smart money a way to buy up cheap Bitcoin.

The impact of Mt. Gox’s repayments on Bitcoin is still being overestimated and will likely be utilized by whales to pick up more BTC at a discount, says CryptoQuant CEO Ki Young Ju. 

In a July 16 post to X, Ju said that the impact of Mt. Gox sales — anywhere between $3 billion and $9 billion in BTC — is negligible compared to the total increase in the market capitalization of Bitcoin (BTC) over the last 18 months.

“Even if MtGox's $3B is sold on Kraken, it's just 1% of the realized cap increase in this bull cycle — manageable liquidity,” wrote Ju.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

With Germany’s “forced selling” over and Mt. Gox repayments all but priced in, analysts look to an easing macro environment as a driver for Bitcoin’s price in the coming months.

The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in. 

Bitcoin (BTC) has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is currently changing hands for $62,550, per TradingView data.

Ben Simpson, the founder of crypto education platform Collective Shift told Cointelegraph that he believed Bitcoin’s “local bottom” had now been formed and believes BTC is now headed for an uptrend.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

History suggests Bitcoin poised for rebound in July

Bitcoin tends toward strong performance in July, but Mt. Gox is dampening optimism for a recovery.

Bitcoin may see a strong rebound in July following a lackluster performance in June, which saw Bitcoin falling almost 7% in the month.

The price of Bitcoin (BTC) historically averaged a slump of 0.35% in June, according to data from Coinglass, which tracks the monthly returns of Bitcoin beginning in 2013.

The data shows that in previous years, whenever June ended in a downtrend, the following month saw a roaring comeback, with Bitcoin gaining an average of 7.42% historically.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

3 things that can spoil a potentially bullish July for Bitcoin

BTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a "bull pennant" breakdown on the charts.

Bitcoin (BTC) teeters on the edge of closing June with a monthly loss and clinging to the critical $60,000 support level.

Unfortunately for the bulls, the BTC/USD pair might be headed for rougher waters with a series of bearish indicators pointing towards increased selling pressure in July.

One of the most significant bearish events in the cryptocurrency market in June was related to the long-awaited Mt. Gox repayments.

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Robert Kiyosaki Frustrated by ‘Lame Excuses’ to Avoid Buying Bitcoin – Foresees Significant Price Rise

Robert Kiyosaki Frustrated by ‘Lame Excuses’ to Avoid Buying Bitcoin – Foresees Significant Price RiseRich Dad Poor Dad author Robert Kiyosaki has urged investors to buy bitcoin despite the cryptocurrency’s high prices. “I become frustrated encouraging people to buy bitcoin. I receive so many lame excuses,” he said, emphasizing that although the current price is high, it is not as high as it will be in the future. ‘I […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move