Bitcoin’s fundamental case continues to strengthen as developments regarding the next stimulus bill continue. Industry executives believe that this could act as a catalyst for this market moving forward. This comes as BTC has begun to inch higher after weeks of consolidation. As of this article’s writing, Bitcoin trades for $9,500 — the highest price…
Bitcoin’s recent jump above $9,500 has increased its probability of testing $10,000 in the coming sessions, according to an analyst. He also noted that traders would first target $9,785 as their interim resistance level. Bitcoin leaped over the $9,500-mark on Wednesday and it now eyes extended its bullish momentum into the six-figure region. The benchmark…
Many believe that the next catalyst for Bitcoin’s growth will be its positioning as a “safe haven” asset that investors turn to protect their capital from shrinking due to inflation and economic turbulence. Although there’s no doubt that Bitcoin is fundamentally positioned to fit this role, it remains somewhat unclear as to whether or not…
Bitcoin and the aggregated crypto market are currently stabilizing following the turbulence seen yesterday. This volatility allowed Bitcoin to break out of its tight trading range and secure a position above its previous range highs of $9,300. Concurrently, most altcoins shed some of their value. Now that the dust has settled and BTC is entering…
Bitcoin gained more than 2.5% and broke the main $9,300 resistance against the US Dollar. BTC is currently consolidating gains and it is likely setting up for more upsides towards $9,550. Bitcoin gained bullish momentum above the $9,200 and $9,300 resistance levels. The price is currently consolidating above $9,300 and it is well above the…
In an interview with Altcoin Daily, Binance founder, and CEO, Changpeng Zhao (CZ) answered true to Bitcoin reaching a $1 million valuation one day. However, considering that the price prediction came from a quickfire, true, or false segment at the end of the interview, it would be wise to take this valuation with skepticism. Of…
Bitcoin expects to hold its long-term bullish bias as long as it trading above $8,800, according to market analyst Mohit Sorout. Bitazu Capital’s founding partner based his analogy on three bullish technical indicators, each signifying a favorable buying sentiment in the cryptocurrency market. A modest rally in the Bitcoin market on Tuesday promised to improve…
Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash. By the standards, that means that BTC’s nascent market is at exuberant levels — especially considering the dismal state of the world economy. Chart of BTC's price action since the start of the year from TradingView.com But…
Data shows that the impacts of the recent Twitter hack were fairly limited, with a small handful of users sending just over $100,000 worth of Bitcoin to the address shilled as part of a classic crypto giveaway scam.According to recent reports, it appears that the impacts of the scam were almost far greater than this,…
Crypto investors and traders bored and frustrated with the sideways price action in Bitcoin should prepare themselves for the worst-case scenario. The worst-case and max pain scenario, in this case, isn’t a breakout or breakdown, it’s more sideways.According to past cycle data, this tight trading range could potentially last another three months before sparks fly.…