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The consolidation for the entire month of December has continued for Bitcoin as it holds above key support. If the next moves down are similar to the previous ones however it could soon be as low as $5,000 according to one analyst.Bitcoin Consolidation ContinuesFor another day BTC has held above $7,000 as its sideways trading…
There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices.Bitcoin S2F Prediction Model ‘Nonsense’According to economics reference materials, stock to flow is defined as…
Late weekend trading has resulted in another minor rally for Bitcoin which has just reached resistance at a two week high. Sentiment among traders and analysts has flipped bullish again as hopes of a ‘Santa rally’ return to crypto land.Bitcoin Adds Six PercentThe weekend has been a positive one for Bitcoin with another push upwards…
Bitcoin is leading crypto markets back into the green again today but they have a long way to go before anything can be considered ‘healthy’. The 14% bounce could simply be a bull trap or BTC may finally have been at the bottom and readying for another run.Bitcoin Bounces BackThis week has been pretty grim…
Bitcoin price has been in a steady downtrend over the last few months, however, after a sweep of local lows earlier today, Bitcoin has absolutely exploded into what may end up being a short-term trend reversal, in a massive push by bulls above $7,200.Bitcoin Price Reclaims Support Above $7,000Earlier this morning, Bitcoin price fell below…
The downtrend continues for Bitcoin price, as the leading crypto asset by market cap reached $6,600 today, showing that bears remain in complete control over the current state of the crypto market.Will bulls finally step in and bring a much-needed relief rally, or will Bitcoin continue to fall back towards its bear market bottom and…
Around $6 billion has been dumped out of crypto markets over the past few hours as the bears return again. Coincidentally it has happened again, right after Bakkt launched more institutional investment products for Bitcoin. Bitcoin Barrels Towards $7k BTC charts were looking positive during late trading yesterday but the Asian session changed all of…
Bitcoin price predictions are all over the map, with some expecting the price to reach zero, while others expect beyond a million dollars per BTC.One cryptocurrency analyst has charted the asset using a logarithmic growth curve, that could provide accurate clues as to when Bitcoin price could reach prices of $100,000 or higher.Bitcoin Price to…
Following a little momentum last week Bitcoin spent most of the weekend consolidating. It has been pretty flat for the past fortnight and analysts are now considering the unpopular premise of a final capitulation approaching which would mirror movements from this time last year.Bitcoin Bulls and Bears PoisedCrypto markets were lifted on Friday which resulted…
Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. Six hours later it dumped the same amount which was music to the ears of…