Latest Bitcoin News and Insights | Yellow.com

Whales don't seem to expect any troubles in the world of Bitcoin. They keep accumulating. Bitcoin's recent price action has caught the attention of market observers. The leading cryptocurrency experienced a 10% correction last Friday. It now holds above a crucial support level, which could potentially lead to a price rally. Meanwhile, analyst Ali highlighted data from Santiment, revealing significant whale activity. Over the past ten days, large holders purchased more than 50,000 BTC. This accumulation is valued at approximately $3.15 billion at current market rates. The increased whale activity suggests growing confidence in Bitcoin. It comes despite recent market volatility when sentiment has fluctuated between extreme fear and some optimism. Bitcoin is currently trading at $61,180. It recently tested the daily 200 exponential moving average (EMA) as support around $60,100. This level is considered crucial by technical analysts. For bullish momentum to resume, Bitcoin must reclaim the daily 200 moving average at $63,600 and establishing this as solid support could pave the way for further upward movement. Failure to maintain the $60,000 level could lead to a deeper correction. Analysts suggest $57,500 as a potential target in this scenario. The combination of strong support and positive whale activity has bolstered investor optimism. Many are hopeful about Bitcoin's potential for recovery and upward movement. Market participants are closely monitoring Bitcoin's ability to hold above the EMA. The next few trading sessions will be crucial in determining short-term trajectory. Whale behavior during periods of heightened volatility often anticipates market reversals as their accumulation may signal belief that the recent dip is temporary. As the crypto market remains focused on Bitcoin's performance, a sustained rally could restore broader investor confidence. This could potentially set the stage for new highs in the coming weeks.

The analyst, known as Doctor Profit, shared his bullish outlook on social media. He forecasts Bitcoin's market cap could hit $8 trillion. This would equate to a price of approximately $550,000 by 2030. Bitcoin reached $66,500 last Friday, a two-month high. This surge followed the US Federal Reserve's interest rate cut on September 18. Fresh market liquidity and renewed investor confidence in risk assets fueled the rise. But Doctor Profit predicts a much more significant growth for the cryptocurrency. He sees potential for massive increases in market capitalization and price over the coming years. Doctor Profit's analysis draws parallels with gold. Gold currently has a market cap of around $16 trillion. He bases his calculations on several factors. These include new liquidity inflows and movements in the gold market. The analyst estimates gold's market cap could rise to between $13 trillion and $19 trillion. This shift could strengthen Bitcoin's position as an alternative asset. Doctor Profit's analysis considers inflation and Bitcoin scarcity. Estimates suggest about 15 million BTC are in circulation. Approximately 6 million BTC are believed lost forever. This scarcity could drive Bitcoin's value higher. The analyst also factors in projected increases in the M2 money supply. He expects it to grow from $21 trillion to $33 trillion by 2028. This expansion should further boost BTC's price over that period. Doctor Profit anticipates periodic corrections in Bitcoin's upward trend. He views these as healthy occurrences and expects at least 3-4 significant corrections of 40-50%. These may occur as Bitcoin approaches key price milestones. These correction points could include $120,000, $160,000, and $220,000. All would notably surpass BTC's current record high of $73,700, reached in March this year. Doctor Profit emphasizes that these corrections represent opportunities for long-term investors. He clarifies that a long-term strategy can include both active trading and holding. The analyst advises viewing corrections as chances to buy at lower prices. This bold prediction comes amid ongoing volatility in the crypto market. Regulatory uncertainties and macroeconomic factors continue to influence Bitcoin's performance, investors are advised to approach such forecasts with caution and conduct thorough research.

Bitcoin's price trajectory is pointing upwards. A famous crypto analyst has made a bold prediction, claiming Bitcoin could reach $400,000. This isn't going to happen tomorrow, of course, but current numbers support the bright outlook. This forecast is based on historical trends. It would require a sixfold increase from current levels. At this price, Bitcoin's market cap would exceed $7 trillion. Ali Martinez, a crypto analyst, shared his insights on social media. He noted the market sentiment has shifted to "Greed", following Bitcoin's recent surge to $64,750. Martinez's prediction relies on the Bitcoin power law. This mathematical model relates Bitcoin's price to time. It suggests Bitcoin will hit $100,000 between 2021 and 2028. The model also predicts a $1 million valuation between 2018 and 2037. The analyst presented a historical price chart dating back to 2011, and this chart projects that the $400,000 peak could occur in 2025. Martinez even identified key price levels: $392,532 as resistance, $37,146 as support, and $104,693 as the linear regression fit. Not all crypto enthusiasts agree with this prediction. Some doubt such a dramatic surge, while others suggest a more modest target between $160,000 and $200,000. Bitcoin's recent performance has been strong. It rose above $64,000 this week, marking a 2.88% increase, and this upward momentum has caught attention. Another analyst, Jelle, believes Bitcoin is close to leaving its bearish trend. He notes the cryptocurrency has locked in two higher lows and is now approaching a higher high as well. Jelle identifies $65,000 as a key resistance level. Breaking this could lead to new highs, he suggests.

Bitcoin has gained 13% in two weeks. An analyst believes it's about to surge higher. Rekt Capital, a pseudonymous trader, shared this view with his 89,500 YouTube subscribers. He states Bitcoin is at a crucial juncture and the so-called bull run is now almost imminent. "This is the current breakout moment for Bitcoin," Rekt Capital said. He believes it's transitioning from re-accumulation to a parabolic phase. The analyst suggests this shift could occur within days, however, he notes a potential dip first. Bitcoin might fall to $60,600, Rekt Capital warns. This would retest the re-accumulation range low as new support. He sees $73,800 as a key level. Breaking this could signal the start of the parabolic phase to numbers that are yet hard to imagine. Rekt Capital bases his predictions on historical patterns. He cites post-halving periods from previous cycles. After breaking past all-time highs, Bitcoin typically peaks 250 to 329 days later, and this pattern has held since 2012. If this cycle follows suit, the bull market peak could occur in late 2025. This assumes a breakout in the near future, which coincides with many other forecasts that have been made recently. Simply put, analysts are right, we will see BTC reaching $73,000 in the near future and then growth to much more significant numbers within one year.

XRP, Solana, Bitcoin and Litecoin see inflows from investors, while Ethereum continued its outflow trend. Digital asset investment products saw inflows of $321 million last week. This marks the second consecutive week of positive flows. The trend reflects strong investment interest, particularly in the United States. The Federal Open Market Committee's decision to cut interest rates by 50 basis points fueled this interest. As a result, crypto fund assets under management grew by 9%. Bitcoin led with $284 million in inflows. Notably, short Bitcoin products attracted $5.1 million, this suggests some investors are hedging against potential downside risks. Ethereum continued its outflow trend for a fifth consecutive week. Outflows totaled $28.5 million last week. The Grayscale Ethereum Trust largely drove this trend. Month-to-date outflows for Ethereum now stand at $145.7 million. XRP saw inflows of $0.1 million, this coincided with the launch of Grayscale's XRP trust. Solana maintained its appeal with $3.2 million in inflows. Litecoin also saw modest inflows of $0.1 million. Multi-asset investment products attracted $54.2 million, this effectively offset Ethereum's outflows. Cardano-based products, however, experienced $0.2 million in outflows. The crypto industry appears to be entering a bullish phase, recent multi-month corrections seem to be ending. Bitcoin, supported by key on-chain metrics, looks primed for a bull run. The prospect of further Fed interest rate cuts adds to this optimism. Institutional interest is crucial for the upcoming bull run. Large inflows from these investors will likely boost Bitcoin's price. This could lead to corresponding inflows into altcoins, and Ethereum may finally start attracting institutional inflows in the coming weeks. The diverse trends among altcoins highlight the varying strategies employed by institutional investors. As the market evolves, these preferences may continue to shift, reflecting the dynamic nature of the cryptocurrency landscape.