Bitcoin has found itself stuck in the $9,000s for weeks on end. Save for a few flashes of volatility, the cryptocurrency has traded within 10% of $9,000 for nearly two months now.Historical odds say that BTC has an extremely high chance of breaking out of this consolidation, but market data shows that institutions are betting…
A long-held theory in the Bitcoin market is, the launch of CME futures popped the cryptocurrency bubble.When the established derivatives exchange launched the product, BTC surged dozens of percent higher in the days that followed, only to crash from $20,000 to around $6,000 within two months. The timelines suggested that it was the futures market…
Last week, Bitcoin plummeted from $7,500 to $3,800 at the extreme point of the low, as a result of a coronavirus panic-induced selloff combined with a liquidity crisis and potential DDoS attack on BitMEX that created a cascade of liquidations driving the price of Bitcoin down at a rapid rate.But rather than clean up their…
Over the past 60 days, Bitcoin has found itself rocketing higher, rallying from a low of $6,400 to a local top of $10,500 in the span of two months.Related Reading: Ethereum Explodes 15% Higher to $250 in 1 Day: Are More Gains Imminent?Bitcoin’s Booming Open Interest May Set Stage for SurgeOver the past few years,…
Ever since Bitcoin (BTC) started declining last July, falling as low as $6,400 by the middle of December, analysts have been wondering when bulls are going to step in and push cryptocurrencies higher once again.Related Reading: Why Analysts Think Bitcoin Price On Verge of Crash to $6,000According to institutional investment data in the form of the…
Recently, a study was released that suggests that gaps left on CME Bitcoin futures charts are filled with as much as 95% accuracy, and often fill during the first week trading resumes.Because of how accurate the data appears to be, pair of gaps remaining on CME Bitcoin futures charts could hint at where Bitcoin price…
This Monday, a Bitcoin price gap opened in the CME futures between $7,200 and $7,450 due to weekend volatility in the cryptocurrency market. The thing is, on Monday, the leading cryptocurrency was trading at $7,600, even as high as $7,700, leading some to suggest that the asset was going to leave the CME futures gap…
Statistics show that the Bitcoin price may be on the verge of seeing a red week. No, by red I don’t mean Christmas, I mean a week in which the cryptocurrency falls, potentially to enter back in the range of the $6,000s.Related Reading: Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTCBitcoin Futures’ Imply BTC…
If you’ve been on Crypto Twitter at all during 2019, you’ve likely heard the term “Bitcoin futures gap” mentioned again and again.For some context, a “gap” in a financial market is when an asset doesn’t trade at a certain price, leaving a gap in the order books and charts which is highly irregular. While gaps…
Around $6 billion has been dumped out of crypto markets over the past few hours as the bears return again. Coincidentally it has happened again, right after Bakkt launched more institutional investment products for Bitcoin. Bitcoin Barrels Towards $7k BTC charts were looking positive during late trading yesterday but the Asian session changed all of…