Next Bitcoin Peak: Why It Could Still Be 2 Years Away

Bitcoin’s last all-time high was $69,000 in November 2021; as of September 2023, it’s been 22 months since that peak. While estimating what price Bitcoin could reach next can be very useful, it’s also important to estimate when a new peak could occur.

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Why Bitcoin mining may not be the power guzzler you think it is

The revised annual estimate for Bitcoin mining in 2o21 was 14% less than the earlier estimate. CBECI indicated that the option of lowering carbon emissions estimates was also on the table.

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Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars

Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.

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Cambridge Bitcoin Energy Consumption Index lowers estimate by 14%, revises methodology

The Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks global Bitcoin energy consumption, has undergone its first major update since 2019, influenced by evidence pointing to frequent overestimating Bitcoin’s electricity usage.

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By The Numbers: How Profitable Are Bitcoin Miners Right Now?

On-chain data from Glassnode has revealed how much profit Bitcoin miners are making currently. Here are the exact numbers. Bitcoin Difficulty Regression Model Puts Cost Of Production At $22,900 Per BTC In a new tweet, the on-chain analytics firm Glassnode has looked into the current profitability of the BTC miners. Naturally, to estimate the profits […]

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Tim Draper pushes bitcoin price estimate to $250k by 2025

Venture capitalist Tim Draper revised his bitcoin price prediction, extending the time frame for the cryptocurrency to reach $250,000 to June 2025.

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Bitcoin Investors May Have To Wait 8-18 Months Before New ATH: Glassnode

Glassnode has explained that Bitcoin investors might still have to wait 8 to 18 months before a new all-time high if history is anything to go by. The Current Bitcoin Transitional Period Has Gone On For 221 Days So Far In its latest weekly report, the on-chain analytics firm Glassnode has tried to estimate how […]

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Bitcoin is now above the realized price of every year other than 2021

Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate a market-wide cost basis. The post Bitcoin is now above the realized price of every year other than 2021 appeared first on CryptoSlate.

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Bitcoin is now above the realized price on all major exchanges

Definition We can monitor the average price at which coins are withdrawn from all exchanges as a tool to estimate a market-wide cost basis. The post Bitcoin is now above the realized price on all major exchanges appeared first on CryptoSlate.

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Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market

The miner's revenue for the first quarter was $27.8 million, just shy of analyst estimate of $29.5 million, according to FactSet data.

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Litecoin Price Could Rally 285% Pre-Halving Based On Historical Data

While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash’s estimate, the Litecoin halving will take place in 189 days, on July 19, 2023.

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Bitcoin volatility drops to six-year lows as the altcoin season ascends

As the crypto market recovers with the start of 2023, bitcoin’s (BTC) volatility drops to six-year lows. The index shows that the largest cryptocurrency’s price fluctuates just over 1%, per a 30-day estimate.

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Pi Cycle Bottom Is Flashing. Has Bitcoin (BTC) Bottomed Out?

The pi cycle bottom has flashed. The goal of this recently-created indicator is to try to estimate the macro bottom of the Bitcoin price. So, are we approaching the end of the bear market? The post Pi Cycle Bottom Is Flashing.

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When Will Bitcoin Bottom Out? Pi Cycle Bottom Says It Will Happen on July 9

Many cryptocurrency enthusiasts have heard of the Pi Cycle Top indicator, which has "magically" predicted the peaks of several previous bull markets. However, few know that there is also its opposite, Pi Cycle Bottom, which also has some track record in trying to estimate the bottom of a bear market.

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Bitcoin Miner Iris Energy Increases 2022 Hashrate Estimate to 4.3 EH/s

The bitcoin miner will continue to sell its bitcoin instead of taking on financing.

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Iris Energy Raises 2022 Hashrate Estimate to 4.3 EH/s

The bitcoin miner will continue to sell its bitcoin instead of taking on financing.

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Bitcoin Miner Riot First-Quarter Revenue Misses Estimate

The miner reiterates its hashrate guidance of 12.8 EH/s

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Crypto Experts Bet On Bitcoin Price To Peak At $81,000 This Year

As bullish as this sounds, it is a slightly lower estimate than the panel's previous opinion three months ago which predicted a $76,360 value for BTC by year-end. Their collective viewpoint has since then changed, owing to new circumstances and newer economic pointers.

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Bitcoin Miner Greenidge Q4 Revenue Matches Estimate; Reiterates Hashrate Guidance

The company also said permission for its operations to continue at its New York facility has been delayed again.

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Bitcoin On-Chain Analysis: Retail Investors Aren’t Here Yet

Today's on-chain analysis from BeInCrypto attempts to estimate the market stage based on an analysis of the number of new Bitcoin addresses and the percent of entities in profit. The post Bitcoin On-Chain Analysis: Retail Investors Aren’t Here Yet appeared first on BeInCrypto.

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Is it time for traders to worry about Bitcoin NOT climbing to $64,000

Over the past few days, the focus of the community analyzing the Bitcoin market has solely been on how or when BTC might reach $64,000. And yet, it has been difficult to estimate. Mostly due to the laThe post Is it time for traders to worry about Bitcoin NOT climbing to $64,000 appeared first on AMBCrypto.

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Billionaire Investor Tim Draper Continues to Stick to $250k BTC Prediction

Prominent early-stage venture investor Tim Draper continues to stick to his $250,000 bitcoin (BTC) estimate. Bitcoin is Still Going to $250,000 American venture capital investor and billionaire Tim Draper recently reaffirmed his bullish view on the future of bitcoin, saying that the premier cryptocurrency is poised to witness mainstream adoption as the number of usersRead More

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Bitcoin Crash Below $30,000 Expected by Peter Brandt as He Launches Twitter Poll to Estimate Risks

Trading Legend Peter Brandt has launched a Twitter poll to ask his army of followers about Bitcoin’s chances to crash below $30,000

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Bitcoin Crash Below $30,000 Expected by Peter Brandt as He Launches Twitter Poll to Estimate Chances

Trading Legend Peter Brandt has launched a Twitter poll to ask his army of followers about Bitcoin’s chances to crash below $30,000

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Bitcoin: Is there a flip side to the 'Headwinds originating from China'?

China's sweeping ban on cryptocurrency mining incapacitated an industry to a large extent, the impact of which was reflected in the drop in hashrate. According to an estimate by Adam James, a senior The post Bitcoin: Is there a flip side to the 'Headwinds originating from China'? appeared first on AMBCrypto.

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Forecasting Bitcoin price using quantitative models, Part 4

An intellectual attempt to estimate Bitcoin’s price, corrected according to the hash rate metric.

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Winklevoss Not Selling Till $500,000 Bitcoin

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Bitcoin bulls give 'conservative' 10-year estimate for hyperbitcoinization to hit

A decade to hyperbitcoinization is "most likely," says Kraken executive Dan Held, a forecast echoed by Unchained Capital's Parker Lewis.

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All that mined is not green: Bitcoin’s carbon footprint hard to estimate

The impact of BTC mining on the environment has turned into a debate — here’s what academics think and if “green Bitcoin” is possible.

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Bitcoin on the Back of the Envelope: up 63% in April?

If the April trend is combined with the emerging monthly pattern of large increases and subsequent regular corrections, it is possible to theoretically estimate the BTC price at the end of April 2021.

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Guggenheim Investments Increases Bitcoin Fair Value Estimate — Says BTC Price Could Reach $600K

Guggenheim Global Chief Investment Officer Scott Minerd has increased his bitcoin fair value estimate. He now says that the price of the cryptocurrency could reach $600K based on his firm’s fundamental research.

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Analyzing Bitcoin (BTC) Wave Counts to Estimate a Top

Despite the continuous increase, the wave count suggests that Bitcoin is quickly approaching the top of its current move. This could indicate that a corrective move could soon unfold. For BeInCrypto’s previous Bitcoin wave count article, click here.

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JPMorgan Sees $600 Billion Demand for Bitcoin From Global Institutional Adoption

JPMorgan’s analysts have predicted significant demand for bitcoin following the $100 million purchase of the cryptocurrency by Massmutual. The analysts believe that other traditional investors, including pension funds, will follow suit, leading to a conservative estimate of $600 billion demand for bitcoin.

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Blockstack releases new economic model based on Bitcoin rewards for STX holders

CEO and co-founder of Blockstack, Muneeb Ali published an earnings model in a blog today that outlined how STX holders can estimate potential earnings when Stacks 2.0 launches on mainnet. Ali added thThe post Blockstack releases new economic model based on Bitcoin rewards for STX holders appeared first on AMBCrypto.

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How BTC, ETH, and LINK Are Likely To Perform Following Huge Price Retracements

Despite analysts’ bullish sentiment, the recent dump in the crypto market has seen Bitcoin and key altcoins making lower highs and lows. This week’s most-watched coins include Bitcoin, Ethereum, and Chainlink, whose trend reversals will have a fairly accurate estimate on the direction of the crypto market.

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Bitcoin SV long-term Price Analysis: 07 August

Disclaimer: The following price prediction estimates Bitcoin SV's imminent bearish pullback. Over the past week, it is becoming increasingly difficult to estimate the breakout pattern of Bitcoin SVThe post Bitcoin SV long-term Price Analysis: 07 August appeared first on AMBCrypto.

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Bitcoin has only 30 percent chance of breaking $17,000 this year, according to this “estimate”

Cane Island Alternative Advisors’ Timothy Peterson is placing the probability of Bitcoin reaching $17,000 by the end of 2020 at 30%, now that it has broken through $10,000. It will take roughly a 70% rally from the current price of Bitcoin to attain that height.

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New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin

On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.

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$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale

Analysts estimate Satoshi mined $10.9 billion worth of Bitcoin to keep the network safe but will these BTC ever be spent?

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Bitcoin’s Whale Population Is Growing Once Again, But They’re Not Getting Richer

A blockchain data intelligence firm Glassnode recently published a report analyzing the whale activity and investigating the source of their ever-growing influence. The report tried to estimate the power of whales in Bitcoin terms, analyze individual activity, and find out where whales, on the whole, are emanating from.

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Bitcoin short-term price analysis: June 21

For an asset notorious for its volatility, bitcoin has had a quiet a low volatile period. The 30-day estimate showed volatility of 2.41%, a level seen before the Black Thursday drop. Bitcoin: 1 HourThe post Bitcoin short-term price analysis: June 21 appeared first on AMBCrypto.

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Bitcoin miners generating fewer coins than what’s being sold: Is BTC at risk of severe capitulation?

Momentarily, as Bitcoin halving took place on May 11, the optics of all spectators are fixed on Bitcoin even closer than before in an attempt to predict or estimate how it is going to behave in the future.

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Here’s How Big BTC Whales Are Preparing For Bitcoin’s Halving

The transparency of blockchain technology can be used to determine investors’ sentiment towards a given asset. By evaluating what large Bitcoin holders are doing, for instance, it is possible to estimate future price slumps or bullish impulses.

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Bitcoin Volatility as 50K BTC Options Contracts Expire

Bitcoin may soon go through high levels of volatility as a significant number of outstanding derivative contracts are scheduled to expire tomorrow. Multiple technical indexes and renowned analysts estimate that...The post Bitcoin Volatility as 50K BTC Options Contracts Expire appeared first on Crypto Briefing.

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How Much $100 of Bitcoin Could Be Worth When the Last Coin is Mined

Everybody knows that one day Bitcoin mining will eventually cease, and the last coin will be mined. The date for this is expected to be around the year 2140. So what could an investment of $100 now be worth in 120 years time?  Bitcoin to the Moon To estimate the price of Bitcoin well into the future we need to take a look at growth models for the cryptocurrency. The two most well-known are Parabolic […]

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Bitcoin Plummets as Investors Wonder Where to Buy the Dip

Bitcoin took an 8% nosedive following the rejection from a major resistance level. Despite the significant downturn, multiple technical indicators estimate that the carnage is not over yet.  Bitcoin Could...The post Bitcoin Plummets as Investors Wonder Where to Buy the Dip appeared first on Crypto Briefing.

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Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators

For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free.

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Technical indicators estimate that Bitcoin may drop below $9,000

Bitcoin is once again testing the $9,000 resistance level. As the flagship cryptocurrency attempts to break above this significant price hurdle, several technical indicators are turning bearish estimating that a retracement could be underway.

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Bitcoin Is Back Above $9,000, What’s Next?

Bitcoin is back above $9,000 and several technical indicators estimate that it could soon enter a parabolic move.   A Bull Rally Is on the Horizon Following the recent price rejection off the 200-day moving average on Jan.

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