Odaily Planet Daily Report: Cryptocurrency analyst Jason Pizzino’s latest research indicates that the Bitcoin price may not reach its long-term bottom until October 2026. Currently, BTC trading volume continues to decline, similar to the pattern seen from late 2022 to early 2023, reducing the likelihood of a short-term bull market return. Meanwhile, CryptoQuant data shows that the share of large investors’ exchange deposits has decreased from 47% in mid-November to the current 21%, with average deposit amounts shrinking by 36%, indicating weakening selling pressure. If this trend continues, BTC price is expected to rebound to $99,000. Analysts point out that the 200-day simple moving average acts as a strong resistance, market risk appetite remains insufficient, and Bitcoin may need to undergo a consolidation period before a new round of market activity. (Cointelegraph)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy added another 4,871 bitcoin for $330 million, with holdings nearing 767,000 BTC
Michael Saylor's Strategy (MSTR) purchased 4,871 bitcoins for $329.9 million, increasing its total holdings to 766,970 BTC. Despite significant unrealized losses, it remains the largest corporate holder of bitcoin.
CoinDesk9m ago
BitMine position update: holds over 4.8 million ETH and 198 BTC, with total assets of $11.4 billion
BitMine released a holdings update on April 6. The total value of its crypto assets and moonshots reached $11.4 billion. It holds ETH, BTC, and multiple equity positions, and has been approved to upgrade from NYSE American to the NYSE main board. The stock will begin trading in the new market on April 9.
GateNews33m ago
Strive increases its holdings by 113 BTC, bringing total holdings to 13,791 BTC and ranking ninth
Bitcoin treasury company Strive recently increased its holdings by 113 BTC, bringing its total holdings to 13,791 BTC, ranking ninth. CEO Matt Cole hinted that it will surpass a certain CEX that holds 15,389 BTC.
GateNews44m ago
