After a strong rise over the last several months, momentum in Bitcoin has been waning, prompting one analyst that has thus far been long BTCUSD, to flip neutral.A break in sideways price action and a return to volatility is expected soon, but which way will the first-ever cryptocurrency head next?Hedge Fund Manager Prepares to Short…
Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB.The creator of the popular stock-to-flow model highlighted a 95 percent r-squared correlation between the two assets.He added that the global central banks’ unprecedented quantitative easing policy serves as a basis of rallies in both…
Bitcoin could breach above its historic high of $20,000 on rising inflation fears.Russell Napier, the founder of research platform ERIC, warned that inflation could rise above 4 percent next year in developed countries.The unprecedented surge could lead investors to the safety of scarcer assets, thereby benefiting Bitcoin.A veteran strategist’s eerie inflation prediction is setting Bitcoin…
Bitcoin is trading well above key supports on the daily chart against the US Dollar. BTC seems to be preparing for a crucial bullish breakout above the $10,000 resistance zone.Bitcoin traded as high as $10,390 before it started a minor downside correction.The price is currently trading well above the $9,000 support and the 100-day simple…
The multi-year bear market Bitcoin has been caught within in the time following its decline from highs of nearly $20,000 has shown few signs of ending anytime soon, as BTC has struggled to gain any solid footing within the five-figure price region.It is important to note that on-chain data shows that using Bitcoin’s all-time highs…
With Bitcoin failing to break past the highs it established earlier this year, there have been some commentators seriously considering a steep correction.Ross Ulbricht, the founder of the Silk Road and one of the cryptocurrency’s earliest adopters, postulated that there’s a serious chance Bitcoin could revisit the $3,000s and maybe even lower. Ulbricht cited Elliot…
Bitcoin’s on-chain indicators are flashing some signs of weakness despite the cryptocurrency’s sharp rebound from its recent lows.BTC has been subjected to some heavy volatility over the past several days, plunging to lows of $8,900 yesterday before rebounding up to the mid-$9,000 region.This price action has simply marked an extension of the multi-month bout of…
A new forecast from a chief Morgan Stanley executive claims the dollar is due for a severe crash that could benefit Bitcoin in a major way.What’s fueling this “inevitable” dollar collapse, and why does it make for a perfect storm for the first-ever cryptocurrency?Morgan Stanley Asia Chairman: The Dollar Is Inevitably Doomed For 35% CrashMorgan…
On December 17, 2017, Bitcoin price set a record for its all-time high, touching just under $20,000 before a reversal into a bear market took place.Since then, over 900 days have passed and with each new day, Bitcoin inches closer to setting a new record. According to past data, there may be another year or…
Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards $9,800.Bitcoin rallied Tuesday in sync…