Bitcoin Sets to Break Out of Falling Wedge Pattern, Targeting $34,000
The renowned cryptocurrency analyst Jelle, better known as CryptoJelleNL, has identified an intriguing pattern in the Bitcoin market. According to
Bitcoin (BTC) is the pioneer cryptocurrency launched by pseudonymous Satoshi Nakamoto in 2009. While Bitcoin remained an alien in the initial phase without much recognition, it soon emerged as a game changer that revolutionized the financial sector.
Bitcoin introduced the idea of a decentralized payment network that eliminates the need for a third party. Bitcoins are created, distributed, and stored on a decentralized ledger called blockchain. Leveraging the peer-to-peer (p2p) technology eliminates the presence of a central authority such as banks; bitcoin is open-source.
The smallest unit of Bitcoin is named by the inventor’s name- satoshi. Notably, 1 satoshi is 0.00000001 BTC. BTC has a maximum supply of 21 million tokens and the Bitcoin Halving event controls the rate at whch new tokens injected.
Bitcoin is not only known as a pioneer crypto, but it is also praised by many experts for its store of value and is considered a hedge against inflation. Read more on CryptoTale to learn how Bitcoin influences the crypto market and the global economy.
The renowned cryptocurrency analyst Jelle, better known as CryptoJelleNL, has identified an intriguing pattern in the Bitcoin market. According to
The crypto analytical platform, Crypto Capital Venture’s (CCV) founder Dan Gambardello has asserted that the open-source and decentralized public blockchain
Michael Saylor, the visionary crypto entrepreneur behind MicroStrategy, recently predicted that the major traditional financial institutions would eventually become custodians
The business intelligence company, MicroStrategy Inc (NASDAQ: MSTR) has responded to the Financial Accounting Standards Board (FASB)’s proposed accounting standards
Veteran trader Peter Brandt, who is popular for his technical analysis of crypto assets like Bitcoin and other conventional trading
In a promising development for cryptocurrency enthusiasts, both Bitcoin and Ethereum have been witnessing a steady migration of their existing
Crypto Michael, a digital asset trader, and YouTuber, in his recent video, analyzed the impact of the US debt ceiling
Crypto trader Rekt Capital has signaled a confirmed Bitcoin (BTC) downtrend based on a 1W close in black below $27,600.
Dark Defender, a popular analyst, has made a bold prediction that Ripple’s XRP is poised to flip Bitcoin (BTC) and
The cryptocurrency market has always been known for its volatility and unpredictability, making it a challenging landscape for traders and
Bitcoin markets are again seeing a dip in prices as a whale seems to have deposited a sizeable amount of
American billionaire and founder of Tudor Investment Corporation, Paul Tudor Jones, has warned against buying Bitcoin (BTC), in a recent
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