Data on Bitcoin futures from the Chicago Mercantile Exchange (CME), on the Commitments of Traders (CoT), shows a sharp decline in aggregate holdings by institutional traders for June. Bitcoin price with open interest on CME. Source: TradingView.comIn early February this year, which was the previous instance of this happening, a downturn in the Bitcoin price…
Bitcoin has made an attempt at recovering the losses it incurred late last week. On Sunday, the cryptocurrency rallied as high as $9,200 as buyers stepped in and shorts were squeezed.Yet order book data indicates that BTC may have a tough time rallying any further.Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins…
Bitcoin is currently correcting higher from the $8,813 swing low against the US Dollar. BTC is trading above $9,000, but it is facing many hurdles near $9,200 and $9,300.Bitcoin started an upside correction after trading to a new monthly low at $8,813.The price is recovering nicely and it is trading above the $9,000 level.There is…
In May, after building a following of tens of thousands by making millions trading Bitcoin, “Joe007” threw in the towel. At the time, the pseudonymous trader cited his inability to “afford Twitter.”“Trading is a dangerous, adversarial, high-stakes info game. It’s played against best-in-class, looking for any advantage. Your trade results and views being public gives…
Bitcoin has recovered most of the losses it posted yesterday. After facing some immense turbulence that sent it reeling below its crucial support, the crypto has since been able to climb back into its long-held trading range.This recent price action has been far from bullish, with the continued tests of $9,000 leading many to suspect…
Bitcoin started a major decline after it broke the $9,500 support against the US Dollar. BTC is now trading below $9,000 and it remains at a risk of more losses below $8,800.Bitcoin is gaining bearish momentum below the $9,500 and $9,200 support levels.The price traded as low as $8,813 and it is currently correcting higher.There…
After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX.BTC price chart of the drop from TradingView.comThis move caught many traders off guard, according to derivatives data.Skew.com reported that more than $20 million worth…
Bitcoin has continued to extend its multi-month bout of sideways trading as it hovers within the lower-$9,000 region.It does appear to be growing increasingly weak in recent times, as it has frequently been testing the support established around $9,000, without being able to post any ardent surge from this price level.Where it trends next may…
It’s been a tough past few days for Bitcoin.After holding $9,300 for days on end, the cryptocurrency on Saturday slipped under $9,000. The leading cryptocurrency reached a local low of $8,840 on many leading spot and margin exchanges.Many traders were caught off guard by this move to the downside.At least $20 million worth of longs…
There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency markets enter a full-blown bull phase.Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPalBitcoin May Have…