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…
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…
On Apr. 29, the Bitcoin (BTC) hit an intraday high of $8,970 on the Bitstamp exchange before erasing a substantial portion of its gains. However, former Wall Street trader Tone Vays expects this rally to run out of steam, which is why he has already sold his long position to buy another 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…
After recovering from the March 12 collapse, Bitcoin has jumped above and below the $7,000 threshold several times. However, on April 23, the flagship cryptocurrency actually started its price action, leaving $7,092 behind. On April 28, Tuesday, Bitcoin started moving up from the $7,777 level and has now reached $7,925. $7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$ Read more…
As much as many say Bitcoin is uncorrelated, even the crypto industry hasn’t been spared in the recent outbreak of COVID-19. Like a majority of other asset classes, cryptocurrencies tanked on “Black Thursday,” experiencing their worst crash in years. And like most other industries, a number of leading firms laid Read more…
In brief Tether has now minted $1 billion in USDT this month. Tether is now gaining on XRP as the third-largest cryptocurrency. The price of Bitcoin has gone up 20% this month. The Tether treasury has minted just shy of $1 billion in USDT stablecoins this month, pushing its market Read more…
Bloomberg Intelligence researcher Mike McGlone has opined that Bitcoin is maturing as a store of value after a plunge in the asset’s level volatility. After fully recovering from its 48 percent collapse on March 12, McGlone expects Bitcoin to continue its uptrend together with gold. In this tumultuous year, Bitcoin is gaining Read more…
Bitcoin starts the week following a bullish weekend. Just as anticipated, Bitcoin broke above the $7600 to a new price high since the devastating collapse on March 12. As of writing these lines, Bitcoin marks $7800 (Bitstamp) as the new high. Following our previous BTC analysis from Saturday, we can see that Read more…