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Bitcoin hodlers need to look at November 2024 for clues as to when BTC price will aim for the moon next, says CryptoCon. Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025. Countdown to BTC price “bull run launch” Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC/USD behaves at a given time. Unveiling the November 28th chart on X (formerly Twitter), he delineated the date as a key pivot point in the year, along with a three-week period either side. “Using 4-year time cycles against my Theory, produces Bitcoins exact behavior in time since its inception. Cycles are centered around the date of the first halving Nov 28th,” he explained. “Bitcoin price action began at th...

BTC price action is all about the 200-day moving average into the monthly close, with opinions on the outlook increasingly polarized. Bitcoin (BTC) is retaining this week’s gains, with some trader s doubling down on their bullish BTC price bets. BTC/USD 1-hour chart with 200-day EMA. Source: TradingView Trader: Bitcoin price may have bottomed A key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph Markets Pro and TradingView shows. Bitcoin may have retraced from its local highs above $28,000, but bears have not yet sparked a full retrace of the move. For some, this is increasingly positive news, as BTC/USD is now successfully holding a long-term trend line lost as support earlier in August. This comes in the form of the 200-day exponential moving average (EMA), currently at $27,180. Some hourly candles closing below into Aug. 31 were not enough to spark a more significant breakdown, and Bitcoin is tightly hugging...

The BTC price bottom may be in, but Bitcoin bulls are not out of the woods yet, says the Decentrader and Look Into Bitcoin founder. Bitcoin (BTC) is done with its bear market, but the coming months may see a return to $20,000. That is the outlook for Philip Swift, a veteran Bitcoin market analyst who co-founded trading suite Decentrader and data resource Look Into Bitcoin. In his latest interview with Cointelegraph, Swift takes a look at what the near to long-term future holds for BTC price action. After predicting the end of the bear market at the end of 2022, Swift is sticking by his appraisal of underlying price strength, while staying cautious on the odds of a deeper correction than last week’s 10% dip. Bulls face many obstacles on the road to new all-time highs, he says, with government policy particularly troubling when it comes to potential price suppression. Nonetheless, there is every reason to believe that for now, the bottom is in, and a solid period of growth awaits Bitco...

Research from Bloomberg Intelligence argues that liquidity conditions still do not favor a continuation of the Bitcoin rally. Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warns. In its latest research, Bloomberg Intelligence revealed cool stance on the ongoing 2023 crypto market rally. Bloomberg: Expecting BTC price to hold "may be illogical" Despite gaining 70% in Q1, Bitcoin is not convincing everyone that it will continue to climb or even maintain current levels near $30,000. Examining the macroeconomic climate, Bloomberg Intelligence became the latest voice to note the close relationship between crypto performance and global central bank liquidity levels. As inflation bites, banks have been withdrawing liquidity from the economy, with risk assets declining as a result — including crypto. The United States Federal Reserve’s quantitative tightening (QT), which began in late 2021, coincided with the c...