After the powerful rally unfolding across the crypto market over the last several weeks, Bitcoin price failed to breach cleanly above $10,000 and hold. The move pushed the first-ever cryptocurrency into a supply zone dating back to the start of the bear market where it was rejected.The failure will likely result in Bitcoin price returning…
A global macro economist and well-known investor, has shared not one, or two, but three of what he refers to as “perfect” Bitcoin price charts.Two out of the three charts point to realistic upside targets of $1 million per BTC. Can Bitcoin truly reach a valuation so high?Realizing Bitcoin’s Long-Term Disruptive PotentialBitcoin has incredible disruptive…
Bitcoin’s halving is only a mere seven days away, and the bulls are already out in full force.However, according to an eerily similar price fractal that preceded oil’s recent, record-breaking fall into negative territory playing out on Bitcoin price charts, the halving may have the opposite effect than people are expecting.V-Shaped Bitcoin Recovery May Be…
Bitcoin’s halving is here in just one week, and the first-ever cryptocurrency is widely expected to rally as a result.But Bitcoin dominance has been consolidating at a key level. This could indicate that altcoins will soon outperform BTC with a sustained rally over the next several years.BTC Dominance Reached 0.5 Fib Level, Key Area for…
Interest on the Chicago Merchantile Exchange – otherwise known as CME Group – in Bitcoin futures contracts, has reached a record high.However, each time this has happened in the past it’s marked a local top. Will this latest achievement in open interest on CME cause yet another price drop across the crypto market?CME Bitcoin Futures…
Bitcoin and the rest of the cryptocurrency space is currently a sea of green after today’s rally added over $20 billion in market cap to the total cryptocurrency market.In less than 24 hours, the total market cap across all cryptocurrencies combined, grew by over 10% thanks to a massive surge from Bitcoin and continued growth…
Bitcoin’s rebound from its mid-March lows has led the cryptocurrency to climb up towards $8,000 – a price point that is proving to be a major resistance level for BTC.This resistance has led the crypto to face multiple harsh rejections here, although buyers have remained largely unphased due to the strength of this recent uptrend.It…
Bitcoin‘s halving is in less than three weeks away, and the biggest event in crypto has everyone talking and speculating once again. But while things are potentially looking bullish for Bitcoin, altcoins could get crushed during the explosive volatility expected when the BTC block reward halves in just a couple short weeks from now.Here’s why…
Bitcoin is entering uncharted waters as it trades against a backdrop of global economic turbulence, and so far it has held up surprisingly well – posting year-to-date gains while the equities market continues trading well below where it started the year.It now appears that the “perfect storm” for Bitcoin could be brewing, as two rapidly…
Cryptocurrency investors were quite disturbed to see Bitcoin trade as a firmly risk-on asset when it closely mirrored the weakness seen by the traditional markets as investors began to understand the depth of the Coronavirus pandemic’s implications.Bitcoin’s weakness reached a boiling point in early-March, when the poor performance seen by the S&P 500 and other…