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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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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price Movement

Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price MovementGrayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of downward or sideways price movement,” the world’s largest digital asset manager detailed. Grayscale’s Crypto […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End

PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach 0K by Year-EndMajor financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm, published its “4th Annual Global […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Finder’s Panel Predicts Death of Shiba Inu Crypto — SHIB Expected to Have No Value by 2030

Finder’s Panel Predicts Death of Shiba Inu Crypto — SHIB Expected to Have No Value by 2030A panel of specialists at Finder has predicted the death of shiba inu (SHIB) cryptocurrency. The majority believes that the price of the meme crypto will eventually fall to zero. In addition, “Our panel is overwhelmingly out on SHIB, with 73% saying that now is the time to sell.” SHIB’s Price Prediction Leading price comparison […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Veteran Investor Mark Mobius Expects Bitcoin to Fall Further — Cautions Crypto Traders Against Buying the Dip

Veteran Investor Mark Mobius Expects Bitcoin to Fall Further — Cautions Crypto Traders Against Buying the DipVeteran investor Mark Mobius, the founder of Mobius Capital, has cautioned cryptocurrency traders against using the “buy the dip strategy.” He expects the price of bitcoin to plunge further with some temporary relief happening at $20K. Mark Mobius’ Warning and His Bitcoin Price Prediction The founder of Mobius Capital Partners, Mark Mobius, warned crypto traders […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Skybridge Capital Founder Doubles Down on $100K Bitcoin Prediction — Expects BTC to Reach $500K Long-Term

Skybridge Capital Founder Doubles Down on 0K Bitcoin Prediction — Expects BTC to Reach 0K Long-TermThe founder of Skybridge Capital has doubled down on his $100K bitcoin price prediction. He also believes that bitcoin could reach $500K a coin in the long run. “But we’ve got some work to do here from a regulatory perspective,” he stressed. The executive also advised how an average investor should get into bitcoin. Skybridge […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market

Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull MarketAnalyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Analyst Mike McGlone Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward $100K

Analyst Mike McGlone Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward 0KBloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.” Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025

Crypto Experts Predict Bitcoin Price Rising to 8,417 by December 2025A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050. Crypto Experts Share Bitcoin Price […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure