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news-imageJanuary 23, 2025

Bitcoin Price Prediction for Jan 23rd: Is a Drop to $91K on the Horizon?

After the Bitcoin (BTC) price closed Wednesday in a black Marubozu candlestick, it is evident that the bearish outlook is gradually gaining ground. The flagship coin was rejected at a crucial resistance range between $107k and $109k, thus forming a short-term reversal pattern.
Publisher: CoinPedia
Sentiment: Negative
BTC

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Positive
cover-imageThe Daily Hodl
January 23, 2025

‘We're Going Higher for Longer': Crypto Analyst Says Bitcoin Primed for Another Major Leg Up – Here's His Target

Cryptocurrency analyst Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship digital asset hovers slightly below the all-time high reached earlier this week. In a new video, Svenson tells his 82,200 YouTube subscribers that Bitcoin is in a parabolic trend and has more upside potential before a correction can occur.

Positive
cover-imageThe Currency Analytics
January 23, 2025

Bitcoin Mining Revenue Hits $45M – What It Means for the Market

Bitcoin mining has recently reached a notable milestone with daily revenues hitting $45 million, highlighting an uptick in network activity and signaling potential future growth. This surge has fueled curiosity among traders and investors alike, with many questioning whether it marks the beginning of a new bull cycle or a phase of steady, sustained growth.

Neutral
cover-imageAltcoin Buzz
January 23, 2025

Goldman Sachs CEO: Bitcoin Isn't a Dollar Threat

Despite the growing popularity of cryptocurrencies, Solomon believes that BTC is not a threat to the US Dollar. Solomon's statement comes at a time when digital currencies are becoming more mainstream, with many investors seeing Bitcoin as a store of value and hedge against inflation.

Neutral
cover-imageNewsBTC
January 23, 2025

Is A US Bitcoin Reserve Priced In? Analyst Shares Eye-Opening Facts

The market finds itself at a pivotal crossroads as US President Donald Trump has not issued a crypto or strategic Bitcoin reserve (SBR) related executive order yet. Renowned crypto analyst MacroScope (@MacroScope17) has reignited the debate via X, questioning whether such a reserve is already “priced in” by current market valuations.

Negative
cover-imageCointribune
January 23, 2025

Bitcoin Sows Discord At The World Economic Forum!

During the World Economic Forum in Davos in 2025, the idea of a strategic bitcoin reserve in the United States sparked a lively debate about the future of cryptocurrencies. This proposal, supported by President Donald Trump, was discussed during the session titled "Crypto at a Crossroads.

Negative
cover-imageThe Currency Analytics
January 23, 2025

Bitcoin Short-Term Holders Sell at a Loss-Impact on BTC

Bitcoin (BTC) has recently seen a concerning shift in its market dynamics as short-term holders (STHs) begin selling their holdings at a loss. This trend has raised concerns among investors and analysts, particularly given that the Short-Term Holder Spent Output Profit Ratio (STH SOPR) has turned negative.

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