‘Textbook' is displayed in the BTC price. As Bitcoin bulls defend $25K, Wyckoff moves

Bitcoin analysts increasingly assert that this cycle's lows in BTC prices have been firmly left behind. One prominent Bitcoin analyst boldly stated, “September is not rektember,” underlining the cryptocurrency's resilience.

Timeline of Bitcoin

A recent study has revealed that Japanese investors are choosing to invest in Ripple's XRP over the world's flagship cryptocurrency, Bitcoin. XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.

In a recent YouTube analysis, the pseudonymous crypto strategist DonAlt — known for accurately predicting the 2022 crypto bottom — has revealed his new long position on Bitcoin, sharing his targets and insights on the current market scenario. DonAlt suggests that the current Bitcoin price, hovering around $26,000, presents a potential buying opportunity.

On-chain data shows the Bitcoin profit-taking has risen to a two-month high, which could provide resistance to the BTC surge. Bitcoin Profit-Taking Volume Has Shot Up With The Price Rise According to data from the on-chain analytics firm Santiment, investors have started to take profits following the latest cryptocurrency price increase.

Mark Yusko – the head executive of Morgan Creek Capital Management, a hedge fund – has stated that bitcoin could reach a price of about $300,000 per unit by the time 2028 rings in. Mark Yusko Has High Hopes for Bitcoin Right now, the gold arena has a market capitalization of about $6 trillion.

A closely followed crypto trader says Bitcoin (BTC) is showing significant strength despite concerning developments in digital assets. Pseudonymous trader Altcoin Sherpa tells his 196,300 followers on the social media platform X that Bitcoin could reach $28,000 and beyond on its current rally despite what could be considered negative news for crypto.

In a significant move amid the global expansion of cryptocurrency companies, Bull Bitcoin, a Canadian Bitcoin exchange, has announced its entry into the Costa Rican market. Bull Bitcoin has achieved a milestone by becoming the first Bitcoin enterprise to leverage SINPE Movil, the primary payment provider in Costa Rica, to offer a Bitcoin on-and-off-ramp service.

In a recent YouTube interview with TechnicalRoundup, crypto Analyst DonAlt revealed he had purchased Bitcoin after the asset fell below the $25,000 level. According to the analyst also predicted the crypto market bottom in 2022, he had two choices before opening the new BTC position DonAlt Shares Insights On Bitcoin's Next Price Moves Explaining the reasoning behind his decision to purchase Bitcoin, DonAlt told TechnicalRoundup: We're at the point where you could make an argument for buying here [around $26,000].

Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.

The world's largest crypto exchange Binance's decision to move away from BUSD and TUSD stablecoins due to regulatory hurdles has sparked positive sentiment from traders. Tether (USDT) market share on Binance is again increasing and hints at the possible start of Bitcoin and crypto market rally, according to Kaiko data.

There has been a lot of talk, in the community lately about the possibility of BlackRock, the world's asset manager with over $9 trillion in assets under management reconsidering its stance on Bitcoin (BTC) and exploring XRP as an alternative.