Analysis Today TheBitTimes.com

Although Bitcoin (BTC) has continued to consolidate its previous gains, pulling the rest of the cryptocurrency market with it as it sets the current slightly bearish mood, artificial intelligence (AI) platforms have retained their bullish optimism on the price of Bitcoin by the end of this year. Indeed, not long after it surpassed the massively important psychological price level at $70,000, the largest asset in the crypto sector by market capitalization has returned below it, struggling to return above the $68,000 resistance area from where it could start to recover. Bitcoin price prediction 2024 Nonetheless, an advanced AI algorithm that relies on Bitcoin’s historical price action, chart patterns, and other relevant developments has set the price of the crypto market’s representative asset at $105,794 on December 30, 2024, which would suggest an increase of 55.77% from its price at press time. Pi...

With 2023 almost over and 2024 creeping closer, XRP (XRP) is looking green on all its charts, trading around the important price level at $0.63 and leaving cryptocurrency traders and investors to wonder at which price range(s) it could end up in the year to come. As it happens, the XRP token is showing signs of recovery despite its price still standing below its yearly high at $0.82 and the (by comparison) lower December high at $0.69, according to the most recent chart information retrieved by Finbold on December 27. $0.70 – $1 in the game That said, XRP could still be looking at a significant recovery at the start of 2024, as per the analysis shared by pseudonymous cryptocurrency expert CoinsKid in an X post on December 25, in which he noted that taking out the $0.6998 level “could spell danger to the XRP perma bears.” XRP price action analysis and prediction. Source: CoinsKid Furthermore, the positive resolution of the long-running legal battle between Ripple and the U...

Almost since its inception, the crypto market has been marked by its significant and often sudden price movements. Various crypto currencies have surged by several thousands of percent in mere months before tumbling close to $0 just as fast. Last year, 2022, saw what has largely been termed the “ crypto winter” and significant price drops across the industry – both for giants like Bitcoin (BTC) and the smallest altcoins. This year weaved an opposite story, with most crypto currencies – large and small – experiencing significant price increases. Now, with 2024 fast approaching, many investors and traders are wondering what the new year might bring for the ever-shifting industry and whether the current bullish trend is likely to continue. Will Bitcoin reach $100K in 2024? Multiple bull markets – and even some bear markets – have brought predictions that BTC is about to reach a value of $100,000. In fact, as recently as November 27, the British Standar...

As XRP’s price continues its steady ascent, we dissect the factors contributing to its sustained growth, from legal victories to strategic partnerships that shape its market standing. Ripple’s cryptocurrency, XRP, has distinguished itself as a notable performer in the digital currency market over the past month.  As of Nov. 6, XRP has experienced a substantial surge, soaring almost 40% in the last 30 days to levels not witnessed since July 2023, peaking at $0.7299. Currently, XRP is trading at around $0.72, marking a strong recovery, though it still trades well below its all-time high of $3.842 from January 2018. This recent rally is not an isolated incident but rather part of a broader bullish trend throughout 2023, with XRP’s price climbing over 100% from the beginning of the year.  This positive momentum reflects growing investor confidence, potentially linked to Ripple’s progress in enhancing cross-border payment systems and its perceived advantages in th...