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BitcoinIn the short term, there is an upward trend, indicating that investors are looking for an upward trend.The mid-term analysis of the cryptocurrency shows that it has overcome resistance to a downward trend, indicating potential sideways movement or stability

Senior cryptocurrency analyst Nicholas Merten stated that many investors and analysts expect Bitcoin's next halving to trigger a new bull market, but this is not the case. This is a critical statement from analysts!Bitcoin halving process!CryptocurrencySenior analyst Nicholas Merten stated in a recent statement that, unlike many other analysts, he does not believe that halving BTC in 2024 will lead to a significant rebound, as the impact of new supply will not be a sufficient catalyst

BitMEX founder Arthur Hayes seems more optimistic about 2026. As a guest on Tom Bilyeu's Impact Theory program, Hayes stated that by 2026,The price of Bitcoin may reach $750000 to $1 million

Although the Bitcoin market is currently in a sideways consolidation state, with price volatility gradually decreasing and maintaining around $27000, long-term Bitcoin ($BTC) holders are still actively accumulating this major cryptocurrency asset.According to data provided by blockchain analysis company Glassnode, long-term Bitcoin holders have added at least 50000 Bitcoins per month, with a total value exceeding $1

The total holdings of large and medium-sized Bitcoin holders have increased to 15.2 million, the highest level since January 2022

Last Thursday (21st), the Federal Reserve decided to suspend interest rate hikes in September, and Bitcoin briefly broke through $27000. However, multiple officials expect to raise interest rates by another one yard before the end of the year, and the magnitude of next year's interest rate reduction will slow down

Cryptocurrency continues to spend the weekend peacefully. BTC found buyers at a level of $28000

Cryptographic analysis company Santiment stated that on chain activities indicate that Ethereum (ETH) and two counterfeit currencies may experience short-term price increases.Santiment pointed out that ETH, ShibaInu (SHIB), and SushiSwap (SUSHI) traders showed "slight signs of panic" on Thursday

Multiple ETH signals indicate the possibility of a mitigating rebound. On the contrary, it has been striving to maintain a bullish momentum, which may bring the risk of surrender

Ethereum (ETH) prices are approaching the long-term support line of a 450 day high.Although the price trend has declined, RSI has given an upward signal, which previously helped ETH rise by 145%

Over the past year, Bitcoin has been the top news in the financial and technology industries. From its short-term surge in price to the influx of large institutions and investors, Bitcoin has transformed from a peripheral technology into an important part of the global economy

At 09:00 on September 16, 2023 (UTC+8), the BTC price is around $26600.Trend: ShortJudgment:Continuing the previous analysis, prices rebounded weakly at the pressure line of 31000