FOMC

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocon-predicts-bitcoins-bull-run-in-2025/" data-wpel-link="internal">CryptoCon Predicts Bitcoin’s Bull Run in 2025</a> 
Bitcoin’s price has been experiencing significant movements over the past seven days, and currently, at around $60,000, there is an intense battle between buyers and sellers. The outcome of this struggle remains uncertain. Popular <a href="https://en.coin-turk.com/crypto-currency-predictions-will-altcoins-rise-latest-analysis-on-bitcoin-btc-ethereum-eth-and-usd-index/" data-wpel-link="internal">crypto analyst</a> CryptoCon shared his thoughts on this uncertainty, stating that Bitcoin is on the brink of a major cycle. The analyst believes Bitcoin will enter a significant bull run in 2025. 
<h2 style="text-align: justify" id="strong-analyst-s-bull-run-prediction-for-2025-strong">Analyst’s Bull Run Prediction for 2025</h2> 
Analyst CryptoCon has recently made important evaluations about Bitcoin’s price movement and <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. According to him, now is not the right time to exit Bitcoin positions. The analyst predicts a bull run will occur in 2025. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382231" src="https://coin-turk.com/wp-content/uploads/2024/08/Bitcoin-Boga.jpeg" alt="" width="1531" height="984"> 
CryptoCon stated, “Exiting Bitcoin now means exiting before all the excitement begins! We are facing the same resistance and support levels in the Puell Multiple cycle and after the cycle. You are currently in the last valley before the highest mountain. It’s the calm before the storm, an upward storm!” By examining past cycles, CryptoCon believes Bitcoin will make significant price gains in 2025. 
<h2 style="text-align: justify" id="strong-explosion-in-bitcoin-s-open-interest-strong">Explosion in Bitcoin’s Open Interest</h2> 
Whether the analyst’s bull run scenario for 2025 will materialize remains to be seen, but Bitcoin’s open interest has exploded in the last 24 hours. 
Derivative traders increased their positions immediately after the FOMC meeting minutes were released yesterday, adding more than a billion dollars to their positions. 
Although open interest is not a metric used to predict future price movements, it often signals approaching volatility. In the last 24 hours, BTC regained the $60,000 level, leading to the liquidation of derivative positions worth a total of $125 million. Interestingly, the majority of these liquidations ($69 million) were from <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> holding long positions. 
<ul class="Summary"> 
 <li>Bitcoin’s price has been volatile, currently around $60,000.</li> 
 <li>Analyst CryptoCon predicts a significant bull run in 2025.</li> 
 <li>Bitcoin’s open interest surged, indicating potential upcoming volatility.</li> 
</ul> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocon-predicts-bitcoins-bull-run-in-2025/" data-wpel-link="internal">CryptoCon Predicts Bitcoin’s Bull Run in 2025</a></h5>
The post <a href="https://en.coin-turk.com/cryptocon-predicts-bitcoins-bull-run-in-2025/" data-wpel-link="internal">CryptoCon Predicts Bitcoin’s Bull Run in 2025</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

CryptoCon Predicts Bitcoin’s Bull Run in 2025

Table of Contents

COINTURK NEWS

Autres articles publiés le 22 août 2024

Just-In: Coinbase To Support 1:1 Euro to EURC Conversion Under MiCA Rules

To Exchange Predicts 7,600,000% SHIB Price Rally

SubQuery Launches Decentralized AI Inference Hosting at Web3 Summit in Berlin

Zellic Acquires Code4rena to Enhance Blockchain Security

Earn While You Play with BlockDAG’s New TG Tap Miner: See Its Sensational Entry Beating Hamster K...

Tether to Introduce UAE Dirham Stablecoin—A New Frontier in Digital Currency?

Join our free newsletter for daily crypto updates!