Bitcoin has entered yet another consolidation phase, this time hovering around $9,200 as it reestablishes its position within its previously held range between $9,000 and $9,300.The cryptocurrency’s recent price action has done little to offer any significant insight into its macro outlook, as it still remains caught within its long-held range between $9,000 and $10,000.Until…
In the span of just over a decade, Bitcoin has gone from a puny asset to one worth over $170 billion. It’s a rally that has caught many off guard, evidenced by those that have long asserted the cryptocurrency is a Ponzi scheme or otherwise.Data shows, however, that BTC remains just a drop in the…
Bitcoin was once branded as an asset that was uncorrelated from the rest of the financial markets.Look no further than a survey of institutional investors by Fidelity Investments. It found that a good portion of this group want to buy cryptocurrencies because they are a valuable portfolio diversifier that is uncorrelated.Yet this has seemingly changed…
After attempting to rally through $9,500 this week, Bitcoin failed to sustain its bullish momentum yet again. As of this article’s writing, the leading cryptocurrency trades for $9,200, having sustained somewhat of a pullback.The retracement notably wasn’t caused by Bitcoin: a drop in the S&P 500 on Wednesday forced the crypto market leader.Technical analysts, regardless,…
A new study released reveals that crypto investors are underprepared for their own untimely demise. Without a plan in place, crypto assets could be lost forever, leaving loved ones without access and out of an inheritance.With so many crypto investors so woefully unprepared for their own passing, what steps can be taken to get up…
As Bitcoin becomes a serious financial asset, more top comedians are taking note of the asset. And it’s not acting as a butt of their jokes but as an addition to their investment portfolios.Crypto Rises From Far Corners Of The Internet Full of Memes and MoreBitcoin and cryptocurrencies were born unto the underbelly of the…
There have been many analysts over recent weeks arguing that Bitcoin is clearly at a market top. As NewsBTC covered two weeks ago, one trader commented that the cryptocurrency is trading in line with a textbook “distribution” pattern.“A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the verge of…
Bitcoin and gold have formed a striking correlation throughout 2020, although this has shown some signs of degrading over the past few weeks as BTC continues extending its multi-month bout of sideways trading.Gold is also starting to move lockstep with the stock market, showing that traders are increasingly treating the precious metal as a “risk-on”…
Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness.This rejection has now caused the crypto to set another “lower high” – further bolstering the bear case and causing BTC to be prone to seeing further near-term downside.One analyst is now noting that…
Bitcoin started a downside correction after it was rejected near $9,500 against the US Dollar. BTC is now trading near the main $9,200 support and it could either start a fresh increase or dive to $9,000.Bitcoin is correcting lower and approaching the $9,200 and $9,180 support levels.The price is currently trading below the $9,280 pivot…