The crypto market has started on another recovery trend. This time, the price of bitcoin has crossed $50,000 after a slow month in September that had the entire market in a chokehold. Crashes rocked the space and cryptocurrencies succumb to the massive value loss that put the market in the red for most of the…
Bitcoin bulls are back in charge, so to speak. The headline alone makes quite a statement, and there are no doubt several readers questioning how one might draw such conclusion after only a small move and lack of new highs. The conclusion has been made for us all, depending on what the Average Directional Index…
Creator of the popular Bitcoin price prediction chart “stock-to-flow”, PlanB, puts $135k target for BTC by December 2021. What Is The Bitcoin Stock-To-Flow Model? The BTC stock-to-flow (S2F in short) method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock (current supply) and the flow (annual production).…
Bitcoin has been moving on a sideways trajectory after a decline from the $49,000 area. The first cryptocurrency by market seems to be displaying conviction, as the bears are unable to retake control of the current price action. Related Reading | Bitcoin Price Blasts Off With 10% Move, But Is This The Start Of More? At…
Bitcoin price started a strong increase above $45,000 against the US Dollar. BTC is now facing resistance near $50,000, but it might continue to rise. Bitcoin gained pace above the $45,500 and $47,500 resistance levels. The price is now trading above $47,000 and the 100 hourly simple moving average. There is a key bullish trend…
Bitcoin still remains the top crypto project in the space. But it no secret that Ethereum has been quickly catching up with the pioneer cryptocurrency. Ethereum’s decentralized finance (DeFi) use cases have been the major contributor behind this space as investors have flocked to the blockchain to earning returns on their crypto holdings. This has…
Bitcoin price in a flash is near $50,000 once again, after several retests of $40,000 rounded support holding strong. Extreme bearish sentiment due to Evergrande, a rising dollar, and more left the market in extreme fear, and expecting the worst. The sudden surge took Bitcoin price more than 10% intraday from wick to wick, but…
Bitcoin price extended its recovery above the $43,500 level against the US Dollar. BTC is now facing a major barrier near $44,200 and $44,400. Bitcoin recovered above the $42,500 and $43,500 resistance levels. The price is now trading above $43,000 and the 100 hourly simple moving average. There is a rising channel forming with support…
Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are…