According to Mr. Edwards, the price of the flagship cryptocurrency needs to reach at least the $9,230 level in order to confirm the bullish stage of the ‘Hash Ribbon’ cycle. The ‘Hash Ribbon’ indicator is based on a correlation between a 1-month simple moving average (1M SMA) and a 2-month simple moving average Read more…
Bitcoin price has been showing record-high levels of correlation with traditional markets and on July 9 the correlation between the S&P 500 and BTC reached a new all-time high. Data from Skew shows that the one-year realized correlation reached 0.38 on Thursday, July 9 and this came after the metric Read more…
When it comes to cryptos, Bitcoin is considered the king, and respectfully so. However, there have been talks especially by anti-Bitcoin people who think Bitcoin could one day become worthless. One of these people is the gold bug Peter Schiff who claims Gold is much more poised to win as a store of Read more…
In the first seven months of Bitcoin’s existence, Bitcoin creator Satoshi Nakamoto mined as many as 1.1 million Bitcoin. This fortune, now worth in excess of $10 billion, remains untouched to this day. Numerous individuals have been put forward as the enigmatic Satoshi, but his identity has yet to be Read more…
Max Keiser who once tore dollar notes in a bid to display the value of Bitcoin, is now seen foretelling the price of Bitcoin as $500k in future time. He reached this conclusion on a TV Show, “Keiser Report”, where he said that the US will soon go on a Read more…
The bulls continue to defend key support $94,000 is Zeberg’s bullish target In a recent tweet, macro economist and trader Henrik Zeberg noted that Bitcoin wasn’t breaking down. He claims that the Relative Strength Index (RSI), a popular technical indicator that is used for measuring the strength of the market, ‘starts to look Read more…
With Bitcoin price volatility remaining high, the opportunity exists to make trading profits during both bear and bull runs. In this article, you will be introduced to the five easiest ways to short bitcoin if you want to bet on an upcoming price decline. Bill Gates once proclaimed on CNBC’s Read more…
2020 was hyped up to be a monumental year for the world’s largest cryptocurrency – Bitcoin, primarily because of its third block reward halving. However, the doom and gloom of 2020 seem to have had a serious impact on Bitcoin, and by extension, the larger crypto-market. Uncertainty in the crypto-market and Read more…
Bitcoin has been locked in a sideways trend since the end of April, and in the last week, the dynamic became barely visible at all. During the week, the price has not changed but on the last trading day, the coin has added about a percent. The day before – Read more…
Bitcoin (BTC) may be struggling to hit $10,000, but its progress is right on track, new stock-to-flow data confirms. Adding a new update to his model on July 1, stock-to-flow model creator PlanB showed that Bitcoin is behaving exactly as its bullish history demands. Bitcoin adds second “red dot” The BTC S2F Read more…