Satoshi Pumpomoto Kurs BTC

Bitcoin ($BTC ) is attempting a recovery during the ongoing session after plummeting below $100,000 this week as it looks to reverse selling pressure that dragged the price to a low of $91,298 on Thursday. BTC’s recent price fluctuations were attributed to stronger-than-expected economic data. The numbers led to profit-taking among investors and contributed to a shift in market sentiment, according to Shivam Thakral, CEO of BuyUcoin. “The recent price fluctuations have been attributed to stronger-than-expected US economic data, prompting profit-taking among investors and contributing to a shift in market sentiment. While the outlook remains bearish, many investors are optimistic about Bitcoin’s long-term prospects, suggesting the markets may stabilize and recover soon.” BTC was bullish the previous week, rebounding after dropping to an intraday low of $91,844 on Tuesday. With bullish sentiment prevailing, BTC pushed above the 50-day SMA on Thursday after registering an increase of 2.59%. Friday saw markets experience volatility as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a rise of just over 1% to go above the 20-day SMA and settle at $97,878. Buyers retained control over the weekend as BTC registered marginal increases on Saturday and Sunday to settle at $98,309. unnamed - 2025-01-10T220219.966.png BTC surged past $100,000 on Monday, registering an increase of 3.99% and moving to $102,228. However, sentiment changed on Tuesday after stronger-than-expected economic numbers. As a result, BTC dropped over 5% to go below the 50-day SMA and $100,000 to settle at $97,019. BTC continued to fall on Wednesday as sellers drove the price below the 20-day SMA to an intraday low of $92,456. However, the price recovered from this level to settle at $95,121, ultimately registering a decline of almost 2%. Markets remained bearish on Thursday, as BTC dropped to $91,298 before settling at $92,710. The current session sees BTC up by 1.44% as buyers look to push it above $95,000 and reclaim lost ground.$BTC

As we look ahead to 2025 Bitcoin's price could see significant growth driven by factors such as increased institutional adoption global regulatory clarity and potential Bitcoin halving events.$BITCOIN Analysts are predicting BTC$BTC could surpass its previous all time highs possibly reaching between $100K and $150K if market conditions remain favorable. However volatility is expected to continue so it's important for investors to stay cautious and monitor key trends that could influence the market.

Keep holding on your $Btc limit short

Following a promising start to 2024, the crypto market’s upward momentum stalled in March, giving way to a sharp 40% correction that threatened to plunge the market to new yearly lows by Aug. 5. However, in a remarkable display of resilience, the market has since rebounded, forging a series of higher lows that signal a potential turnaround. Notably, altcoins have been leading the charge, outpacing Bitcoin (BTC) in their recovery. As the market regains footing, a key question emerges: will the crypto market cap continue to rise in the latter half of 2024, and will altcoins remain the driving force behind this growth, or will Bitcoin reassert its dominance

At the core of the 2024 crypto conversation is the Bitcoin halving, a pre-programmed event that occurs approximately every four years, reducing the reward for mining Bitcoin by 50%. Historically, the halving is not only anticipated because of the technical update but also because of the significant price movements that follow.  In previous halving events (2012, 2016, and 2020), Bitcoin experienced substantial increases in value in the months following the halving. While past performance does not indicate future results, these patterns have fueled speculation about a similar upsurge in 2024. The demand and supply economic principle is the rationale most experts use to explain the positive price action that follows the halving. The halving reduces the rate at which new Bitcoins are produced, thus slowing down the inflation of Bitcoin’s supply. If the demand remains steady or increases, higher prices could result from the reduced supply growth, assuming that market fundamentals remain unchanged. This has led to major price predictions entering the new year. Here are some of the top Bitcoin (BTC) price predictions for 2024:  Antoni Trenchev, a noted bitcoin bull and co-founder of Nexo, a cryptocurrency exchange, believes bitcoin could hit $100,000 in 2024. In 2022, Carol Alexander, a finance professor at the University of Sussex, successfully predicted Bitcoin’s future price. This year, Alexander predicts that BTC will be in the $40,000 and $55,000 range.  In November 2023, Standard Chartered reiterated its $100,000 bitcoin prediction from April. Youwei Yang, the chief economist of Bit Mining, a crypto-mining company, predicts that Bitcoin could reach $75,000 by 2024. Seth Ginns, managing partner at CoinFund, told CNBC that the firm believes Bitcoin will likely be valued between $250,000 and $500,000 in 2024.