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Showing posts with the label predictions

'Pop or drop?' Bitcoin analysts decide if BTC price will beat $30K

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Bitcoin is giving off fresh signals that it is soon time for a BTC price surge, but old support may need a retest first. Bitcoin (BTC) continues to tread water at the April 10 Wall Street open, but crypto market participants are betting on a serious breakout next. After a late surge took BTC/USD to its highest weekly close since June 2022, there is new optimism over an attack on $30,000. Data from Cointelegraph Markets Pro and TradingView shows a cool start to the macro trading week, with $28,200 currently forming a focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView With formidable resistance overhead, however, Bitcoin has spent much of the last week in a firmly established but increasingly narrow trading range. The longer this holds, the theory goes, the more intense the eventual breakout should be — whether up or down. Cointelegraph takes a look at some popular analysts’ outlooks when it comes to what BTC price action will do next. Material Indicators: Will Bitcoin “p...

NFTs have a brighter future on Instagram than on Twitter

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While Twitter users may be more crypto-native, that doesn’t mean they’re going to win in the NFT arena. The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.  This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram currently has more in its favor than Twitter when it comes to NFT integration. The value of integrating on Instagram One of the key determining factors for upholding Instagram as having more NFT potential than Twitter is its unique value proposition. When looking at Twitter’s core ...