Analysis Crypto by Thebittimes.Com

With Bitcoin (BTC) soaring above the $60,000 mark, the Bitcoin market has demonstrated a robust performance despite several supply pressures. A majority of market interest is now focused on the potential for a new record high.  In a July 18 analysis shared by CryptoCon on X (formerly Twitter), Bitcoin’s traditional four-year price pattern is being examined for a potential shift. The analysis employs halving cycles theory and Fibonacci time zones to identify key levels hinting at a possible change in the asset’s cyclical behavior. Historical patterns and recent deviations Historically, Bitcoin has adhered to a consistent four-year pattern for 14 years. The Analysis provides a clear overview of Bitcoin’s price movements from October 2009 to July 2024, focusing on halving events and Fibonacci time zones. Picks for you ...

Top10 News 1. The Fed announced a rate hike of 25 bps as scheduled link The statement has repeatedly emphasized that it will adhere to the ultimate goal of 2% inflation. Markets expect to raise interest rates again in March and May. Crypto rose briefly after the FOMC announcement. 2. Damus’ weekly summary a. Nostr, a decentralized social network , has launched an app called Damus link Nostr, a decentralized social network that Twitter co-founder Jack Dorsey previously donated BTC to, has launched an app called Damus on the Apple App Store and Google Play Store. Jack also changed his twitter bio to #bitcoin #nostr, along with his Damus address. b. Damus saw more than 40,000 new accounts created on its first day of operation link The Nostr-based Damus social network saw more than 40,000 new accounts created on its first day of operation. New accounts that generate public and private keys will follow the Damus official account. Currently, the account has more than 40,000 followers an...