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JPMorgan says bitcoin remains in 'overbought territory' despite recent correction
JPMorgan says bitcoin remains in 'overbought territory' despite recent correction

Bitcoin remains in ‘overbought territory’ despite the past week’s correction, according to JPMorgan analysts.Last month, the analysts said the bitcoin price would likely drop to around $42,000 after the upcoming halving event.

The Block·2024/03/21 18:13
Bitcoin (BTC) Price Recovers But Danger Still Looms: QCP Capital
Bitcoin (BTC) Price Recovers But Danger Still Looms: QCP Capital

Bitcoin may witness a sharp correction, primarily due to the significant amount of leverage still in play within the market.

Cryptopotato·2024/03/21 17:37
Bitcoin trader says sub-$57K BTC price would help sustain bull market
Bitcoin trader says sub-$57K BTC price would help sustain bull market

Bitcoin could use a deeper dip to reset "bull market sustainability," some of the latest BTC price analysis concludes.

Cointelegraph·2024/03/21 15:46
When it comes to bitcoin's price, ETF inflows are only part of the picture
When it comes to bitcoin's price, ETF inflows are only part of the picture

This opinion piece was written by Frank Chaparro, Host of The Scoop Podcast and Director of Special Projects.The article was first seen in Chaparro’s The Scoop newsletter.

The Block·2024/03/21 15:36
Bernstein raises year-end bitcoin price target to $90,000, expects ‘mild’ halving impact on miners
Bernstein raises year-end bitcoin price target to $90,000, expects ‘mild’ halving impact on miners

Bernstein has raised its 2024 price target for bitcoin to $90,000 from $80,000.The analysts continue to see Bitcoin miners as the best equity proxy to the cryptocurrency, suggesting the halving impact seems “relatively mild.”

The Block·2024/03/21 14:38
Flash
10:19
Polymarket predicts a 36% probability on the event "Bitcoin drops to $55,000 in June."
BlockBeats News, June 10th, as Bitcoin briefly dropped below $61,000, the prediction on Polymarket for "Bitcoin dropping to $55,000 in June" had a 36% probability (4% on June 2nd). Furthermore, the probability of dropping to $50,000 was 16%, and the probability of rising to $65,000 was 57%.
10:00
"ETH Long" Buddy Faces Partial Liquidation Again, Cumulative Loss Reaches Nearly $35 Million
BlockBeats News, June 10th, according to Onchain Lens monitoring, as the market declined, "Big Brother Whale" Huang Li Cheng's 25x ETH long position was partially liquidated again. He also closed most of his position, and is currently facing a loss of approximately $35 million.
09:55
Tonight, ahead of the CPI data release, the probability of a Fed interest rate hike this year is 68.8%.
BlockBeats News, June 10th, according to CME's "FedWatch" data, the probability of a Fed rate hike within the year is 68.8% tonight before the announcement of the May CPI data in the United States. The probabilities are as follows: 43.1% for a cumulative 25 basis point hike, 21.2% for a cumulative 50 basis point hike, 4.2% for a cumulative 75 basis point hike, and 0.3% for a cumulative 100 basis point hike. The U.S. Bureau of Labor Statistics will announce the May CPI data tonight at 20:30. The market generally expects the May CPI to rise by 0.5% month-over-month, with a year-over-year growth rate of 4.2%. If this expectation is met, it will be the first time the U.S. CPI has returned to above 4% since May 2023, reaching the highest level since April 2023. As for the core CPI, the market expects a 0.3% month-over-month increase in May, with a year-over-year growth rate of 2.9%.
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