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Showing posts with the label cryptocurrency analysis

Pi Cycle Top Indicator sets the date when Bitcoin will hit $170,000

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Bitcoin (BTC) briefly topped $123,000 on July 14, reaching a new all-time high amid rising institutional interest. With a lot of speculation about the token’s upside circling around, the rally has brought a lot of attention to the Pi Cycle Top Indicator. Using the 111-day and a modified 350-day moving averages to predict when the token might approach the end of the bull run, the Pi Cycle Top Indicator has historically been known as one of the most accurate market timing tools in crypto. According to market analyst Rekt Capital, the averages now suggest that Bitcoin could peak between $130,000 and $170,000 as early as late 2025. Bitcoin Pi Cycle Top Indicator. Source: Rekt Capital Bitcoin upside up to $170,000  According to Rekt Capital’s Analysis , the recent momentum is pushing the 111-day moving average up rapidly. Indeed, on June 1, the average was sitting around $92,000, but has since then jumped to approximately $98,000. Accordingly, the pr...

Analyst sets Bitcoin’s next buying opportunity after BTC ‘started to cascade south’

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Bitcoin (BTC) has entered a volatile phase, and according to cryptocurrency analyst Michaël van de Poppe, this could soon present a new buying opportunity. His outlook follows recent losses that dragged the broader market lower, triggered by escalating tensions between Israel and Iran.  After failing to hold above $106,000, Bitcoin began what Poppe described as a “cascade south,” slicing through liquidity zones and prompting a wave of sell-offs, he noted in a June 14 X post.  A brief bounce followed, but the recovery was quickly rejected at the same $106,000 level, now acting as firm resistance. The leading digital currency had regained bullish momentum earlier, only to lose it after a liquidity sweep and sharp rejection at a local high. Now, the $101,500 to $102,500 range could serve as either a launchpad for recovery or a setup for further downside.  To this end, Poppe noted that a fresh rally could take shape if Bitcoin holds above $102,500 and cons...