Price Prediction

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The National Bank of the United Arab Emirates has opened the possibility of allocating Bitcoin in the investment process.

An executive at the National Bank of the United Arab Emirates stated that the bank is considering incorporating Bitcoin into its investment process, viewing it as a store of value and "digital gold." They believe Bitcoin's current valuation is more attractive and predict its fair price will approach $100,000. However, due to its high volatility, the allocation will remain limited to pursue portfolio diversification.
BTC-3,04%
GateNewsBot·3h ago

When will Bitcoin rebound? Historical data reveals key prices and potential buying opportunities

February 24 News, Bitcoin has recently been on a continuous decline, sparking market attention on the recovery timing. According to Glassnode data, the 90-day realized profit and loss ratio has fallen below 1 for the first time since 2022, indicating that the market has entered an oversold phase. Historical experience shows that this state typically lasts about six months, suggesting that Bitcoin may remain at low levels until the end of the third quarter of this year. The realized profit and loss ratio reflects the proportion of profits and losses in on-chain transactions. When the ratio is below 1, losses dominate, and investors are mostly capitulating. Past bear market cycles—2015, 2018, and 2022—have all shown this pattern. During these lows, market panic is common, but it also presents potential buying opportunities.
BTC-3,04%
GateNewsBot·5h ago

Will Bitcoin drop to $50,000? Strategy adds $40 million, Citrini AI report triggers market turbulence

February 24 News, Strategy announced an additional $40 million investment in Bitcoin, despite the current market being somewhat pessimistic about Bitcoin price forecasts. The company currently holds Bitcoin worth $55 billion, with an average cost of approximately $76,020. At Bitcoin's current price of $63,000, unrealized losses amount to nearly $10 billion. Executive Chairman Michael Saylor stated that the company employs a dollar-cost averaging strategy and is not concerned about short-term price fluctuations. Recently, Bitcoin has been affected by geopolitical tensions, economic uncertainties triggered by developments in artificial intelligence, and policy changes by the Trump administration, leading to consecutive price declines. Matt Howells-Barby, Vice President of Growth at CEX, pointed out that Bitcoin could potentially drop to $50,000 in the short term. Data from DefiLlama shows that investors sold over $1 billion worth of Bitcoin ETFs in February, bringing the total ETF decline since November last year to $7 billion. Data from CF Benchmark indicates that major hedge funds reduced their Bitcoin ETF holdings by 28% between the third and fourth quarters.
BTC-3,04%
GateNewsBot·5h ago

Bitcoin falls below $63,000, analysts warn: it may soon drop to $60,000 or even lower

Bitcoin continued to weaken in February, falling below $63,000 and approaching half of its all-time high. The market was affected by leverage liquidations, ETF capital outflows, and miner sell-offs, causing the Fear Index to drop to extreme panic levels. Analysts predict that in the short term, prices may drop to $60,000 or lower, but some bulls remain optimistic about a future reversal opportunity.
ETH-3,17%
BTC-3,04%
動區BlockTempo·10h ago

Bitcoin falls below $63,000, analysts warn: it may soon drop to $60,000 or even lower

Bitcoin continued to weaken in February, falling below $63,000 and approaching half of its all-time high. The market was affected by leverage liquidations, ETF capital outflows, and miner sell-offs, causing the Fear Index to drop to extreme panic levels. Analysts predict that in the short term, prices may drop to $60,000 or lower, but some bulls remain optimistic about a future reversal opportunity.
BTC-3,04%
動區BlockTempo·10h ago

Forecast of "Bitcoin dropping to $10,000" causes backlash! Bloomberg analyst changes tune: $28,000 is more reasonable

Bloomberg analyst Mike McGlone previously predicted that Bitcoin could drop to $10,000, triggering a strong rebound in the crypto community. After facing criticism, he revised his target to $28,000 as a more realistic goal and pointed out that now is not the time to buy Bitcoin. Market analysts, however, questioned the basis of his prediction, believing that without a systemic crisis, Bitcoin's fair value should be between $40,000 and $50,000.
区块客·11h ago

The probability of Ethereum falling below 1500 USD is 76%! Vitalik sold about 18 million USD in February, in line with the Foundation's policies and funding projects.

Ethereum co-founder V神 sold 8,651 ETH in February, cashing out approximately $18 million to fund projects related to privacy and public health. The market is concerned about the speed of his sales, with a 76% probability predicted for ETH dropping below $1,500. V神 emphasized that the funds are intended to support long-term projects, but investors remain cautious about the pace of his selling.
ETH-3,17%
CryptoCity·14h ago

MicroStrategy's Bitcoin losses reach $7.9 billion; Saylor: as long as BTC doesn't go to zero, it will head toward a million!

MicroStrategy has purchased an additional 592 Bitcoins, bringing the total holdings to 717,722 Bitcoins, with unrealized losses reaching $7.9 billion. Founder Saylor believes that the current crypto winter is milder than before, and the market has conditions for recovery, optimistic that Bitcoin will reach one million dollars.
BTC-3,04%
ChainNewsAbmedia·14h ago
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