Bitcoin-bull Michael Saylor of MicroStrategy gives his expectations for the next round of institutional buyers coming into the space. What’s surprising is that Saylor believes governments, via sovereign wealth funds, are next in line to buy. Saylor Believes Bitcoin Over Gold is The Smart Play When it comes to the question of wealth preservation, parallels…
Bitcoin has had its most profitable quarter on record dollar for dollar, rising more than $25,000 in Q1 alone. But despite the enormous bullish impulse, the price action has left behind the first ever bearish divergence on quarterly timeframes in the asset’s history. Making matters worse, March is historically be worst month on record for…
Bitcoin price is showing positive signs above $55,000 against the US Dollar. BTC is likely to surpass $58,000 and trade to a new all-time high in the near term. Bitcoin climbed further above the $55,500 and $57,000 resistance levels. The price is now consolidating above $55,000 and it is well above the 100 hourly simple…
Bitcoin price is once again soaring, retesting resistance near the current all-time high. According to a top expert on the leading cryptocurrency, the asset’s price chart has become a sort of “manipulation gauge” that measures ongoing economic growth “engineering” by governments. If that’s the case, resistance won’t be able to hold Bitcoin back much longer,…
A textbook bullish indicator whose last appearance in mid-February contributed to Bitcoin’s price rise to its record high has flashed again. Dubbed as MACD Bull Cross, the signal develops when the output of the difference between an asset’s 26-period and 12-period exponential coverage surges above its 9-period exponential moving average known as a signal line.…
Bitcoin price extended its rise above the $55,000 resistance against the US Dollar. BTC is correcting lower from $55,800 and it could find bids near the $52,500 zone. Bitcoin climbed further above the $54,500 and $55,000 resistance levels. The price is now trading well above $52,500 and the 100 hourly simple moving average. There is…
Bitcoin price is well above $50,000, but there’s no denying that some of the momentum that the asset had to start the year has been lost. Volatility lowering also could suggest that the “hype run” might have “passed” for the time being. But rather than see a sizable correction, Bitcoin price action could instead trade…
Litecoin was among the top performers of the last bull market, but during this market cycle the cryptocurrency that once led altcoin seasons, is now lagging far behind. However, according to one crypto analyst’s take on the LTCBTC chart, the altcoin will be the next to follow in the footsteps of Dogecoin and “teleport” higher…
Bitcoin has the potential to hit $56,000 in the coming sessions, asserted independent market analyst Josh Rager. The Blockroot.com founder said in a tweet published Tuesday that BTC/USD could keep on rallying higher based on two reasons. First, the recent approval of US President Joe Biden’s $1.9 trillion stimulus package in the Senate could assist…
Bitcoin price rallied over 5% and it even broke the $52,000 resistance against the US Dollar. BTC is now above $53,000 and it is likely to continue higher towards $54,500 and $55,000. Bitcoin extended its rise above the $51,500 and $52,000 resistance levels. The price is now trading well above $52,000 and the 100 hourly…