Bitcoin Price Analysis: Is a Correction Coming or Will BTC Break $120K Next?

Bitcoin has decisively broken above its previous all-time high of $111K, triggering a powerful bullish rally toward the key $120K psychological resistance. However, as BTC approaches the $120K zone, profit-taking and distribution pressure may rise, increasing the likelihood of a short-term corrective pullback. Technical Analysis By ShayanMarkets The Daily Chart After a prolonged consolidation phase, […]

No, the NSA Did Not Invent Bitcoin

There is no credible evidence that the U.S. National Security Agency (NSA) created Bitcoin, and comparisons between Bitcoin’s white paper and a 1996 NSA paper on electronic cash are extremely misleading at best. No Smoking Gun: The NSA’s 1996 Paper Is Not Bitcoin, and It’s Not Even Close Conspiracy theories flourish in the absence of […]

Renowned Analyst Predicts the ‘Most Critical Price Level’ for Bitcoin and the Highest Price BTC Price Will Reach This Cycle

Cryptocurrency analyst Joao Wedson, in his statement evaluating Bitcoin’s current price cycle, pointed out critical levels for the market. According to Wedson, the most interesting Bitcoin Power Law model suggests that the resistance zone lies in the $118.9k to $120k range. Wedson argued that for Bitcoin to break above these levels, it would need to […]

Investors have committed $16 million to Bitcoin futures, Bank of Russia report

Russian investors have bought Bitcoin futures worth more than $16 million in less than a month of trading, according to stats released by the Central Bank of Russia. Private individuals account for the majority of purchases, the monetary authority noted, reminding Russian citizens that crypto derivatives carry similar risks to their underlying assets. CBR gauges […]