Mainstream media isn’t known for its accurate, in-depth, or optimistic coverage of Bitcoin (BTC) and cryptocurrencies at large. Earlier this month, as BTC popped above $5,000 for the first time since November 2018, respected business news outlets falsely covered this industry en-masse. Some publications, like CNBC, attributed the move to an April Fools’ joke, in…
Since Bitcoin (BTC) surmounted $5,000 last week, the cryptocurrency market has slowed, expressing signs of indecisiveness at every turn. However, technicians and chartists have begun to agree that a case for a further rally to the upside is growing, as bulls have yet to abate, and bears are losing grip on a market they controlled…
Bitcoin and most of crypto is surging once again. The entire market capitalisation for all digital assets has risen from a daily low of $171.33 billion to over $176.5 billion at the time of writing. Whilst this week has certainly been a dramatic one in terms of news events, there is nothing immediately apparent that…
The inevitable pullback has started and crypto markets are beating a retreat at the moment. Bitcoin is leading them down as it drops back below $5,000 dumping 6 percent on the day. The question now is how low will it go? Minor Pullback or Major Correction? A number of analysts had predicted a major capitulation…
Bottom this, bottom that. At long last, prominent crypto analysts across the board are convinced that Bitcoin (BTC) has finally bottomed in this cycle, and will not see fresh lows for years, if at all. While this may sound like wanton wishless thinking, a strong case has been made for this theory. In fact, the…
Bitcoin has passed a major milestone amid a remarkable price surge, recording its 400 millionth transaction since its 2009 inception. The cryptocurrency's value has risen by more than a third over the last month, with most of the gains coming during a major price spike at the beginning of April. Currently trading at around $5,250 (£4,000),…
China is considering a ban on bitcoin mining in the country in response to environmental concerns about the creation process of the cryptocurrency. The National Development and Reform Commission (NDRC) in China, which acts as the country's economic planning agency, announced a revised list of 450 industrial activities that it hopes to either encourage or…
Bitcoin (BTC) has continued its bullish assault late into the weekend. After rallying to and past $4,200 on Tuesday, the cryptocurrency continued higher throughout the week, currently sitting at a $5,150 valuation. While some analysts have been adamant that this is where Bitcoin’s winning streak ends, as what some call “Bloody Monday” approaches, others have…
It isn’t a secret that last week’s price action has some convinced that the year-long crypto bear trend is coming to a head. In fact, Fundstrat’s in-house Bitcoin (BTC) optimist, Tom Lee, recently told Bloomberg that he adamantly believes that the cryptocurrency market can now be classified as a bull market, looking to the 200-day…
The best time to accumulate is when prices are low. Even though Bitcoin has had a huge rally this week the digital asset is still 75% down from its all-time high. Looking at previous accumulation periods may offer some insight into the current market situation. 200 Days of Accumulation Last time Bitcoin went through a…