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…
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…
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…
The world’s leading cryptocurrency exchange, Binance, is reportedly under attack. According to a report from Coinness, the Co-founder and CMO of the exchange, Yi He, notified about the attacks in a WeChat group. On social media, a recent mailer from the exchange sent in Chinese text has had users suspect a phishing Read more…
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of fundamentals, or ties to the real economy. Bitcoin has another Read more…