Understanding Bitcoin’s Potential: Analyzing Cycle Tops and Key Support Levels Bitcoin, the world-renowned cryptocurrency, has always been at the center of financial discussions, especially concerning its price volatility and potential for future growth. Recent data has piqued the interest of investors and analysts alike, signaling significant moments in Bitcoin’s trajectory, including projections for its cycle top and critical support levels. Bitcoin’s Projected Cycle Top in November 2025 The Promise of $275K Based on Quantile Regression Smithson With, a dedicated Bitcoin researcher, has introduced a novel approach to forecasting Bitcoin’s price using a quantile regression model. Different from traditional linear regression,…
Author: Charlie Taylor
Bitcoin’s Bull Flag and Future Predictions: An In-Depth Analysis After experiencing a 3.45% drop on September 30, Bitcoin (BTC) missed out on achieving a monthly bullish engulfing candle for the first time since January 2023. Nonetheless, the digital currency continues to adhere to its year-long bull flag pattern, which could potentially lead to a bullish breakout if BTC manages to close above the $68,000-$70,000 range on a monthly chart. Source: Trading View Bitcoin Cycle Top Could Be $275K in November 2025: Researcher Introduction to Quantile Regression Model Smithson With, a seasoned Bitcoin researcher, has introduced a new method for predicting…
As cryptocurrencies continue to gain popularity in Canada and around the world, it becomes essential for users to understand the best ways to store and manage these digital assets. The choice of a cryptocurrency wallet can significantly affect both the security of your funds and the user experience. This article explores the best crypto wallets available in Canada for 2024, focusing on their security features and usability. Understanding Cryptocurrency Wallets What is a Cryptocurrency Wallet? A cryptocurrency wallet is a digital tool that allows users to store and manage their cryptocurrencies securely. There are different types of wallets, each with…
The Bullish Case for Cryptocurrency Amid Macro-Economic Easing Cycles Cryptocurrency researcher and commentator Qiao Wang recently expressed his bullish outlook on the digital currency market, citing a combination of macroeconomic factors. The world’s two largest economies, the United States and China, appear to be at the start of new easing cycles, which could potentially set the stage for a significant cryptocurrency rally. This article delves into the factors contributing to this outlook, exploring the broader economic implications and expert perspectives on the potential outcomes for the cryptocurrency market. "We’ll Be Way Up in Few Months": Qiao Wang’s Optimistic View on…
Exploring Bitcoin’s Bullish Surge and Market Dynamics Bitcoin (BTC) has recently emerged from a bullish September, defying the usual market trends associated with what the community humorously refers to as “Rektember.” With an approximately 9% increase, anticipation surrounding further price gains for Bitcoin is palpable. Despite a slight sell-off as the weekly close approached, Bitcoin successfully preserved the majority of its reclaimed support levels from the preceding week. This surge comes amid significant macroeconomic developments, including statements by Fed Chair Jerome Powell and notable movements in the US unemployment data. Additionally, the resurgence of retail interest in Bitcoin, changes in…
Understanding Bitcoin Loss Bitcoin, a decentralized digital currency, has seen tremendous growth in popularity and value over recent years. However, its decentralized nature also implies certain risks, including the potential for irrevocable loss. Bitcoin losses — such as the well-known case of James Howells losing access to 7,500 Bitcoin — occur when private keys become inaccessible, effectively removing Bitcoin from circulation. The Case of James Howells When you think about “losing your Bitcoin,” you probably recall the image of James Howells, a British IT worker, rummaging through a landfill in Wales, trying to find the hard drive he accidentally threw…
Swissquote is a renowned online brokerage firm that has gained significant traction in the retail trading market. Established in 1996, the company is based in Switzerland and provides a range of financial services, from forex trading to cryptocurrency investments. As you consider investing with Swissquote, it’s crucial to examine its offerings, pros and cons, regulations, and overall reputation. This comprehensive review will guide you through these aspects to help you determine if Swissquote is the right broker for you. Overview of Swissquote Swissquote Holding Ltd. is one of Switzerland’s leading online banks specializing in trading and investment services. The firm…
Ripple’s Leadership at the Forefront: Insights from the Federal Reserve Bank of Philadelphia’s Fintech Conference Overview of the Philadelphia Fintech Conference Ripple CEO Brad Garlinghouse and Co-founder Chris Larsen are set to make significant appearances at the eighth annual fintech conference hosted by the Federal Reserve Bank of Philadelphia. This prestigious event, scheduled for October 22 and 23, will delve deeply into emerging trends such as tokenized deposits, the tokenization of real-world assets, and fintech’s impact on modern financial landscapes. Purpose and Objectives of the Conference Julapa Jagtiani, Senior Economist at the FRB Philadelphia, emphasized that the primary goal of…
Crypto Controversies and Governance Debates Dominate the Week The cryptocurrency world is never short of drama and this week has been particularly eventful. From high-profile legal cases to governance debates and regulatory concerns, the industry has seen it all. Let’s dive into the top stories, their implications, and the discussions they have sparked within the crypto community. Binance Founder CZ’s Release from US Prison Changpeng “CZ” Zhao, the founder of cryptocurrency exchange Binance, was released from a US federal prison on September 27 after completing a four-month sentence for Anti-Money Laundering (AML) violations. CZ had previously pleaded guilty to failing…
Chinese Ex-Finance Minister Lou Jiwei Highlights Cryptocurrency Risks at the 2024 Tsinghua Wudaokou Chief Economists Forum During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the urgent need for China to scrutinize the rapid advancements in the cryptocurrency sector. Lou pinpointed the risks associated with crypto, such as market volatility and money laundering, which could destabilize financial systems. He also referenced the evolving stance of the United States toward cryptocurrencies, highlighting the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Global…