With the Bitcoin halving coming closer (in about a week), more and more investors seem to be jumping on the BTC bandwagon. Despite the fact that Bitcoin failed to make the final leap to cross $10,000, one crypto trader and popular YouTuber states that reaching $20,000 is a matter of time due Read more…
Bitcoin bears were brutally shaken out by the recent pump past $9k. This is because most of them have been short on the market since mid $7k and hoping for a reversal. During that entire time, I have been bullish on the market and had been anticipating a retest of Read more…
A necessary correction – that is the best definition of what happened on April 30, which saw a setback after cryptocurrencies went too far, too fast. Nevertheless, holding onto most gains shows that the trend remains positive. Stock traders are all too familiar with wild movements at the end of Read more…
In a client note, research firm Fundstrat made a prediction that Bitcoin could skyrocket up to 193 percent over the next six months. The bullish forecast is based on the fact that the flagship cryptocurrency has once again crossed the 200-day moving average when it surged above the $8,900 level. The Read more…
After a rough start to Q2 2020, the Bitcoin market is back raging after a spike above the $8,700 resistance set the coin past the $9,000 mark. At its high in the early trading hours in the Asian market, BTC/USD hit $9,434 on Coinbase as the spot traders closed the Read more…
On April 29, Bitcoin (BTC) created a massive bullish engulfing candlestick — which, at its close, had a body of slightly more than $1000. This caused the price to break out above several resistance levels. Bitcoin’s Breakout On April 29, the bullish engulfing candlestick caused the Bitcoin price to move Read more…
Bitcoin has pumped almost twenty percent over the past twenty-four hours, adding around $1,000 to its value. At the time of writing, the world’s most prominent cryptocurrency is trading at $9,214, having retreated from the $9,300 zone. Still many, including Bitcoin educator and YouTuber IvanOnTech, believe that Bitcoin is targeting areas beyond Read more…
It is Thursday and bitcoin already surged by more than 21 percent into the week. But whales believe the ongoing bull run is fake. A prominent trader, who is sitting atop a $20 million monthly loss from his anti-rally bitcoin positions, expressed his conviction over potential bull exhaustion. He called bitcoin’s upside run as Read more…
In brief Bitcoin’s halving is coming up soon. Previous halvings have been associated with a rise in the price of Bitcoin. CryptoCompare says this one is different. A new report by CryptoCompare explains that the conditions of next month’s Bitcoin halving are completely different to the previous two Bitcoin halvings, which took place in Read more…
Bitcoin has come out roaring after starting the week without lacking any momentum. It was further off the back of days of sideways trading. The latest move sees Bitcoin break above its immediate resistance of $8K and further extend this to break its higher high of $8.5K before hitting resistance. Read more…