Analysis News TheBitTimes.com

Bitcoin’s (BTC) pullback from its all-time high of $124,500 is raising concerns of extended losses, with the asset’s current chart formation showing similarities to the 2021 cycle top that triggered a prolonged bear market. According to insights from popular online cryptocurrency analyst TradingShot, Bitcoin has struggled to regain momentum, with every rally attempt being sold off, and the price slipping below the 50-day moving average (MA). The setup mirrors the same sequence that unfolded four years ago when BTC entered a major downturn, the analyst noted in a TradingView post on August 29. Bitcoin price analysis chart. Source: TradingView In both 2021 and 2025, the Analysis shows lower highs followed by lower lows. The market then found support after a one-day death cross, alongside a bullish RSI divergence that marked the short-term bottom. Bitcoin rebounded, breaking above the MA50 and MA200 before forming a bull flag after a golden cross. That rally ul...

Cathie Wood, the ‘believer’ who predicted $1.5M per bitcoin, has lost billions It’s been a rough few years for Cathie Wood. Once a thought leader and Bitcoin visionary who reached dizzying heights via her ARK Invest funds, she’s now tallying losses that reach well into 11 figures. On May 27, 2021, Wood was at her peak of fame. Her starry-eyed projections of futuristic AI, healthcare, crypto, and automation technologies earned her a spot on the cover of Bloomberg’s Businessweek magazine. According to the editors of the double issue with a print circulation of 325,000, she was the “The Believer” who was selling “a future so fantastic you’ll beg her to take your money.” However, since 2021, when she predicted that bitcoin (BTC) would rally to $1 million within nine years, shares of Wood’s flagship ARK Innovation ETF (ARKK) have lost 59% of their value. As she lost money, she raised her BTC forecast to $1.5 million , but her BTC investments f...