Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Bitcoin Eyes $124,000 As Golden Ratio Signals More Gains Ahead – Details

28 April 2025
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure

Distinguished crypto analyst Burak Kesmeci has tipped Bitcoin (BTC) to hit a worth goal of $124,000 primarily based on knowledge from the Golden Ratio Multiplier worth mannequin. This bullish prediction comes after a formidable worth surge prior to now week, hinting that the premier cryptocurrency might have extra room for fast worth progress.

Can Bitcoin Return To 1.6x Accumulation Peak Goal? 

In an X publish on April 26, Burak Kesmeci shared the most recent updates on the Bitcoin Golden Ratio Multiplier worth mannequin, referencing knowledge from Bitcoin Journal Professional. For context, the Golden Ratio Multiplier mannequin makes use of transferring averages and Fibonacci ratios to assist determine when BTC is likely to be overvalued or undervalued, thereby signaling doable market tops or good accumulation alternatives. 

In keeping with the chart under, Bitcoin has not too long ago retested the 350 day by day transferring common (350DMA) at $77,000. Because the title implies, the 350DMA tracks BTC’s common worth over the past 350 days and acts as a key help zone. Touching or briefly dipping under this stage typically alerts a possible long-term shopping for alternative.

Bitcoin not too long ago rebounded off its 350DMA, after a worth dip to $75,000 was adopted by two subsequent worth rallies to commerce as excessive as $96,000.

Bitcoin
Supply: @burak_kesmeci on

In step with the value bands on the Golden Multiplier ratio, BTC is now headed for 1.6x Accumulation Excessive, i.e, 1.6 occasions the 350 DMA, which is presently at $124,000. Due to this fact, regardless of the continued worth consolidation, BTC is more likely to produce one other worth rally primarily based on the Golden Multiplier ratio worth mannequin. 

Apparently, when Bitcoin strikes close to or above this stage, it typically alerts the top of an accumulation part and the beginning of a stronger bullish development. Due to this fact, BTC reaching the $124,000 would solely pave the way in which for additional worth positive aspects in step with the lofty targets of some market analysts.

BTC Miners Achieve $18.60 Million In Revenue

In different information, one other high crypto analyst, Ali Martinez, reviews that miners have not too long ago capitalized on Bitcoin’s spectacular worth rally, realizing almost $18.60 million in earnings as costs surged previous $94,000. 

This realized revenue spike highlights that early miners are strategically taking earnings at these excessive worth ranges. Nevertheless, it’s value noting that Bitcoin retains a powerful bullish momentum regardless of this promote stress, fueled by a number of components, together with robust inflows into spot ETFs.

On the time of writing, BTC is valued at $94,393, reflecting a worth decline of 0.76% prior to now day.

Bitcoin
BTC buying and selling at $94,234 on the day by day chart | Supply: BTCUSDT chart on Tradingview.com

Featured picture from Investopedia, chart from Tradingview

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our crew of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



Source link

Tags: AheadBitcoinDetailseyesGainsGoldenRatioSignals
Previous Post

How to Buy Meme Coins: A Beginner’s Guide to What and Where to Buy in 2025

Next Post

Cryptocurrency Market Pushes Forward as Lightchain AI Presale Nears End – Press release Bitcoin News

Related Posts

Kraken Eyes $500M Funding Round at $15B Valuation as IPO Plans Take Shape
Crypto Updates

Kraken Eyes $500M Funding Round at $15B Valuation as IPO Plans Take Shape

30 July 2025
Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News
Crypto Updates

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

30 July 2025
Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com
Crypto Updates

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

29 July 2025
HKMA Sets Stablecoin Rules, Registry Launch August 1
Crypto Updates

HKMA Sets Stablecoin Rules, Registry Launch August 1

29 July 2025
RAKBANK Becomes the First Traditional UAE Bank to Launch Regulated Crypto Trading
Crypto Updates

RAKBANK Becomes the First Traditional UAE Bank to Launch Regulated Crypto Trading

30 July 2025
Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX – Press release Bitcoin News
Crypto Updates

Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX – Press release Bitcoin News

29 July 2025
Next Post
Cryptocurrency Market Pushes Forward as Lightchain AI Presale Nears End – Press release Bitcoin News

Cryptocurrency Market Pushes Forward as Lightchain AI Presale Nears End – Press release Bitcoin News

Ethereum: Are fundamentals there?

Ethereum: Are fundamentals there?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
Etoro Unveils 24/5 Trading and Launches US-Listed Equities as ERC20 Tokens – News Bytes Bitcoin News

Etoro Unveils 24/5 Trading and Launches US-Listed Equities as ERC20 Tokens – News Bytes Bitcoin News

30 July 2025
Kraken Eyes $500M Funding Round at $15B Valuation as IPO Plans Take Shape

Kraken Eyes $500M Funding Round at $15B Valuation as IPO Plans Take Shape

30 July 2025
BNB Price Corrects Gains After Strong Rally – Is It Just a Healthy Pullback?

BNB Price Corrects Gains After Strong Rally – Is It Just a Healthy Pullback?

30 July 2025
XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

30 July 2025
Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

30 July 2025
Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

30 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$118,068.00-0.30%
  • ethereumEthereum(ETH)$3,780.06-1.32%
  • rippleXRP(XRP)$3.10-1.05%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$794.00-3.57%
  • solanaSolana(SOL)$178.27-2.63%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$3,776.20-1.12%
  • dogecoinDogecoin(DOGE)$0.219290-3.15%
  • tronTRON(TRX)$0.335236-3.82%