Analysis Today TheBitTimes.com

Shiba Inu (SHIB) enthusiasts are looking towards the future with optimism amidst volatility. Despite the recent price decline, a tweet by SHIB team member Lucie has reignited hopes of a potential super cycle for the popular meme-inspired cryptocurrency. Lucie stated, “Zoom out. We’re still on track for a super cycle as far as I can see. It’s never a straight line to heaven. 2024/2025 will be interesting.” Zoom out. We're still on track for a super cycle as far as I can see. It's never a straight line to heaven. 2024/2025 will be interesting. $BTC x $SHIB pic.twitter.com/olvTGmjIJC — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 17, 2024 Also read: Binance Obtains Regulatory License in Dubai Changelly analysts echo this sentiment, predicting that SHIB could reach the $0.0001 mark by December 2027. While this target may seem distant, the upcoming Bitcoin halving event in 2024 has the potential to catalyze bullish market sentiment, whic...

BTC price action has yet to match one Bitcoin trader's long-term target, but "patience is key," he says nearly one year later. Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre- halving rally.” That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre- halving BTC price target of up to $50,000. Trader: $39,000 is pre-halving BTC price target range floor Bitcoin faces stiff resistance sliding back to the $40,000 mark; several attempts to crack it have failed in the past week. As Cointelegraph reported, the area immediately below also holds significance for aggregate market profitability, with $39,000 likely a breakeven point for those who bought in during the 2021 bull market. Titan of Crypto has also flagged $39,000 as an important boundary — this time, however, as the bottom of where BTC/USD should end up prior to the April 2024 block subsidy halving event. “The pre halving rally I...

Historically, the cryptocurrency market has benefited from the rise in global money supply as the majority of the bull runs in the past coincided with the rise in fiat supply. The rising M2 money supply could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in an X( formerly Twitter) post, shared a graph comparing Bitcoin’s (BTC) yearly performance against the global M2 money supply, indicating the simultaneous rise of Bitcoin and global M2 supply. Historically, the Bitcoin and cryptocurrency market has started outperforming the traditional financial market with a rise in global M2 supply. Bitcoin vs Global M2 supply. Source: Global Macro Investor The chart above shows that Bitcoin’s price is on the verge of decoupling from the traditional mark...

Bitcoin's bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management. The next crypto bull market will start sooner than most people think, according to Mark Yusko, the founder and CEO of Morgan Creek Capital Management. Yusko thinks the next crypto bull run or, as he calls it, "the crypto summer ," could kick off as soon as the second quarter of this year due to the combination of more dovish central bank policies and the anticipation of the Bitcoin (BTC) halving.  While the United States Federal Reserve is unlikely to cut interest rates anytime soon, according to Yusko, the markets tend to anticipate the Fed's decisions. That means even a slowing down or a pause in interest-rate hikes would be interpreted as the signal of an imminent pivot. That would spark a positive dynamic among all risk assets, including crypto. ...

Bitcoin has the potential to deliver gains which are stronger than "most think," market analyst Rekt Capital believes. Bitcoin (BTC) faces a “bottoming candle” in 2023, but BTC price action is still more than able to surprise the market. In a tweet on Jan. 11, popular trader and analyst Rekt Capital predicted that BTC/USD could see “decent upside” this year. Chart teases serious Bitcoin upside potential Analyzing Bitcoin’s four-year market cycles around block subsidy halving events, Rekt Capital drew attention to 2023 being the deadline for its next “bottoming candle.” With the next halving due in 2024, the coming twelve months should see a price floor, followed by a rally as the event draws nearer. 2024 thus forms the fourth candle in Bitcoin’s current cycle, and 2023 the third. “Candle 3 is a Bottoming Candle in the BTC Four Year Cycle. But it can still generate decent upside,” Rekt Capital commented. The scope for Bitcoin to take traders by surprise is clearly visible i...