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…
By examining the differences between Greek and Japanese deflation, one can get a better understanding of how Bitcoin would react in such an economic environment. Bitcoin’s Role as a Hedge Gold is the primary hedge against inflation, but Bitcoin is developing similar properties. Bitcoin’s monetary inflation is currently higher than that 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…
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…
Twitter and Square CEO Jack Dorsey who has made absolutely no secret of his love for cyrptocurrency over the years says Bitcoin for him is like poetry. Praising The Bitcoin whitepaper that was published in 2008 by Satoshi Nakamoto (a name used by the presumed pseudonymous person or the group who developed Read more…