Bitcoin price action over the last few weeks as turned from bullish, to bearish, and crypto investors are torn as to what happens next. Most expect Bitcoin to go on a bull run from here, while others think a correction until the end of the year is in the cards. However, one prominent crypto analyst…
For the umpteenth time Bitcoin has dumped double digits in a single day … again. Yet the FUD and panic still pervades the scene like a bleak cloud of despair that will be blown away and forgotten within a week. A Fourth Dip to Four Figures Since the big rally begun in early April, Bitcoin…
Bitcoin price remained in a bearish zone and even dropped below $10,000 against the US Dollar. The price is now trading well below the $10,200 level and it could continue to slide. There is a key bearish trend line forming with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin (BTC) has been facing a steep sell-off over the past few days that has sent the cryptocurrency into the $10,000 region, which has led many analysts and investors alike to fear the possibility that Bitcoin revisits the four-figure price region in the near-future. Now, analysts are explaining that Bitcoin may soon incur a decent…
According to the co-founder of DataTrek Research, current global instability is making Bitcoin a popular choice of safe-haven asset. Nicolas Colas believes that the leading crypto asset’s price swings can be used as an indicator for other markets and global events. He also argues that Bitcoin’s relative immaturity compared with traditional asset classes will mean…
The global economy has been facing increasing downwards pressure as of late that has sparked significant fear amongst traditional investors, and now one historically accurate indicator is flashing warning signs of an imminent recession, which could prove to be a positive thing for Bitcoin (BTC). Importantly, analysts are also noting that the sheer amount of…
The United Kingdom’s widely circulated Metro news publication has published a surprisingly bullish article explaining Bitcoin for its millions of readers. The article is scant in its detail but does feature a full Bitcoin explanation video. The overall tone of the clip is incredibly optimistic for Bitcoin’s long term. Rather than caution against its use,…
A majority of Austrians are skeptic about decentralized cryptocurrencies like bitcoin, according to a new ING International survey. Only 13 percent of the participants from Austria expressed optimism towards cryptocurrencies, making the country of one of the world’s most prominent anti-bitcoin regions in terms of public sentiment. On the other hand, ING found that people…
Demand for Bitcoin in Argentina and Hong Kong is such that locals are paying up to 10% above market price. The ongoing unrest in both regions has led to soaring Bitcoin demand, as investors look to hedge against the system. And once again, Bitcoin has shown itself to be the default option when times get…
A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.14 for the…