Michael Burry, renowned investor, and hedge fund manager, has once again made headlines with his significant short position in the traditional market, which could impact the nascent crypto industry if his bet is to materialize. Burry, known for accurately predicting the subprime mortgage crisis, recently went mega-short with over $1.6 billion in S&P 500 (SPY)…
Bitcoin price is moving lower from the $29,500 zone. BTC is showing bearish signs and might decline further below the $29,000 support zone. Bitcoin is gaining bearish momentum below the $29,500 support. The price is trading below $29,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…
Bitcoin price is moving lower from the $30,200 zone. BTC is signaling a fresh decline and there is a risk of a drop toward the $28,500 support. Bitcoin is struggling to remain in a positive zone above $29,200. The price is trading below $29,500 and the 100 hourly Simple moving average. There is a connecting…
Bitcoin price started a downside correction from $30,200. BTC is now trading near the previous breakout resistance at $29,400. Bitcoin is correcting gains and trading below the $29,800 level. The price is trading above $29,400 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near…
Bitcoin price climbed above the $29,500 resistance. BTC spiked above $30,000 and is currently consolidating gains above a connecting trend line. Bitcoin is showing positive signs above the $29,500 pivot level. The price is trading above $29,550 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near…
Bitcoin price climbed above the $29,500 resistance. BTC spiked above $30,000 and is currently consolidating gains above a connecting trend line. Bitcoin is showing positive signs above the $29,500 pivot level. The price is trading above $29,550 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near…
The cryptocurrency market has experienced a period of stagnation, with Bitcoin (BTC) trading within a narrow range for the past week. However, according to market analyst Ali Martinez, there is a glimmer of hope on the horizon as Open Interest, a key indicator of market sentiment, has skyrocketed to a year-to-date high. Correlation Between Open…
Since the Bitcoin bull market began, one discussion that has never left the crypto community is when the next bull rally will commence and if it would follow the previously established trend around the halving events. To this end, a crypto analyst, Lark Davis, has taken to X (formerly Twitter) to share his forecast around…
Bitcoin price is still facing strong resistance near $29,500. BTC is slowly moving higher and might start a steady increase above $29,500. Bitcoin is moving higher toward the $29,500 pivot level. The price is trading above $29,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with…
Bitcoin (BTC) has been no stranger to dramatic price swings in the volatile cryptocurrency world. As September approaches, market analysts closely monitor BTC’s possibility of plunging below the $25,000 mark. However, history has shown that September’s struggles often pave the way for a resurgence in October, with massive rallies that rekindle investor optimism. Potential For…