Saturday, April 27, 2024
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Bitcoin to $27K next? One-week BTC price highs precede Fed’s Powell

Bitcoin (BTC) hit new weekly highs after the Sep. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve.BTC/USD 1-hour chart. Source: TradingViewBitcoin summons volatility ahead of Powell speechData from Cryptox Markets Pro and TradingView showed BTC price strength staging a comeback on the day, having

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New Bitcoin Stock-to-Flow Chart Shows Bearish Periods Precede Halvings

Since Bitcoin’s (BTC) creation in 2009, the digital asset has undergone a halving event every four years, cutting the number of coins constantly entering the ecosystem in half, making it a deflationary asset. Based on its hard-coded scarcity, and in line with its halvings, Bitcoin has risen dramatically in price

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