CryptoMediaClub
Saturday, August 2, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin’s Next Target Stands Near $36,000: Matrixport Data

04.05.2023
A A
0
132
VIEWS
ShareShare

According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form.

A breakout could lead to a 6,100-point move higher in the price of Bitcoin, which establishes a target of $35,000-$36,000. Such an uptrend would represent nearly 20% gains from the current price.

  • Matrixport’s research highlighted the Fed raising interest rates by another 25bps, which is believed to be the last hike for this cycle. This could potentially set up the crypto market for another strong rally.
  • Simultaneously, the banking sector has been hit by a number of failures that require liquidity injections and government guarantees for any acquiring party. Many experts believe Bitcoin could prosper amid the ongoing banking crisis in the United States.
  • Moreover, in the recent earnings season for companies in the country, stock buybacks appeared to be resuming. In fact, the buybacks are expected to hit $1 trillion this year. This trend could prove beneficial for not just stocks but also risk assets such as crypto.
  • Despite reclaiming $29k, Bitcoin’s trading volume has been on a decline. However, the report also noted that “the path higher sees only limited resistance.”
  • Another important factor that suggests an uptrend is the transactions on the Bitcoin network that reached a record high. The number of active addresses on the network has also remained strong, near 1 million addresses.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up
All news

Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up

02.08.2025
0

Bitcoin plunged below $115,000 on Friday as renewed political pressure from former President Donald Trump unsettled markets. The top cryptocurrency...

Read moreDetails
Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

02.08.2025
Why The GENIUS Act May Benefit RWA Tokenization Companies The Most

Why The GENIUS Act May Benefit RWA Tokenization Companies The Most

01.08.2025
ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M

ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M

01.08.2025
Visa Expands Crypto Capabilities of Its DLT Platform

Visa Expands Crypto Capabilities of Its DLT Platform

01.08.2025
Load More
Next Post
Alchemy Launches Starknet, Set to Revolutionize Blockchain Scaling

Alchemy Launches Starknet, Set to Revolutionize Blockchain Scaling

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?

Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?

1 year ago
Bitcoin Price Nears $58,000; U.S. Retail Sales Surge and Job Data Surprise

Bitcoin Price Nears $58,000; U.S. Retail Sales Surge and Job Data Surprise

12 months ago

Roobet Cup Launches $1 Million Pick-em Contest and CS2 Skin Giveaway on Free-to-Play Roobet.fun

2 years ago
UAE signs deal to develop carbon credit system on Venom Foundation blockchain

UAE signs deal to develop carbon credit system on Venom Foundation blockchain

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

Why The GENIUS Act May Benefit RWA Tokenization Companies The Most

ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M

Visa Expands Crypto Capabilities of Its DLT Platform

WEPE Pullback Finds Strong Support Before New Test of Resistance at $0.0001249

Tourists in South Korea to Exchange USDT via Crypto ATMs

Trending

DEX trading volume tops $1T for the first time in July, Hyperliquid leads record perp surge
Analysis

DEX trading volume tops $1T for the first time in July, Hyperliquid leads record perp surge

02.08.2025
0

Decentralized exchanges (DEX) reached $1 trillion in monthly trading volume for the first time in July. According...

Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up

Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up

02.08.2025
Crypto tokens explode from 20k in 2022 to 18.9M following launchpad frenzy on Solana, Base, BSC

Crypto tokens explode from 20k in 2022 to 18.9M following launchpad frenzy on Solana, Base, BSC

02.08.2025
Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

02.08.2025
Why The GENIUS Act May Benefit RWA Tokenization Companies The Most

Why The GENIUS Act May Benefit RWA Tokenization Companies The Most

01.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz