In a strategic move, MicroStrategy, the business intelligence (BI) company, and its subsidiaries have made a bold financial maneuver by increasing their Bitcoin (BTC) holdings. MicroStrategy Bolsters BTC Holdings According to a recent filing with the US Securities and Exchange Commission (SEC), MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 5,445 BTC, totaling…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has faced a setback in its recent gains after failing to consolidate above the $27,000 level. With no positive macro news to drive BTC beyond upper resistance lines, industry experts are looking for a chart analysis that suggests BTC may be on the verge of a significant…
The cryptocurrency market has been trading sideways in recent weeks, with the leading token, Bitcoin, following a similar pattern. Despite numerous attempts in April, Bitcoin has struggled to break the $31,000 mark. The price is blocked by its daily Kijun at around $29,100 and by its psychological resistance at $30,000. A correction to around $25,000 could…
Despite the relative performance of altcoins in 2023, Bitcoin has seen a significant 75% bullish rally since the beginning of the year. However, Bitcoin’s price has been unable to surpass the resistance level of $30,000 for a week, and this has stirred a technical belief that there is a possibility of a retracement streak toward…
Bitcoin has managed to reclaim and break through its 20k mark after experiencing a turbulent week. The leading crypto was seen at the doors of $20,000 last Wednesday, going up to $20,200. However, it quickly dropped, ending the trading day at $19,042, a 0.49% loss from its starting price. Throughout the week, Bitcoin has tested…
A popular crypto analyst has predicted that Bitcoin (BTC) is on a bullish path to reach six figures in 2023. Known pseudonymously as Credible, the analyst made the prediction on his Twitter handle while addressing his over 300k followers. The recent bear market began in late 2021, with Bitcoin dropping over 60% from its previous…
Dave the Wave, the analyst who accurately foretold the collapse of Bitcoin in 2021, is back with another market forecast. The prominent crypto trader shared some charts on a Twitter Thread this Monday. Dave claims that the world’s foremost cryptocurrency is about to flip bullish, judging from previous cycles. The pseudonymous crypto analyst took to…
Dave the Wave, the analyst who accurately foretold the collapse of Bitcoin in 2021, is back with another market forecast. The prominent crypto trader shared some charts on a Twitter Thread this Monday. Dave claims that the world’s foremost cryptocurrency is about to flip bullish, judging from previous cycles. The pseudonymous crypto analyst took to…
The world’s top cryptocurrency by market cap, Bitcoin, has hit the $18,000 mark and is still dropping. The crypto has dipped by 6% within the last 24 hours and more in the previous week. BTC/USD breached the $19,000 triple bottom support when it crashed from $20,000 to $18,000, signaling a major selling sentiment among Investors.…
After severe draw downs that has so far clipped investor confidence, the founder of Binance Changpeng Zhao is confident of what next year holds. Of course much has been talked about entry of institutional investors and facilitators—read Fidelity, NASDAQ and others. Though next year might be the year of adoption–and that is the main reason…