Bitcoin has seen some of the most boring price action it has witnessed in over a year.After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100.The benchmark digital asset is showing few signs of breaking…
There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model. Some have argued that his work is valid while others aren’t so sure.On July 3rd, the analyst put the community to a vote, asking whether or not they believe in the model. The results…
All across the United States, American Bitcoin investors are stepping away from their trading desks to celebrate.In addition to celebrating the country’s independence, they can also celebrate the on average 268% ROI Bitcoin brings from holiday to holiday. Will the next 365 days in crypto market price action lead to even more financial independence for…
For the past few weeks, Bitcoin analysts have observed extremely low volatility in the nascent cryptocurrency market.Nothing shows this inaction quite as well as the chart below from Blockroots founder Josh Rager. It shows that for the past eight weeks now, BTC has been trapped in a ~15% range — something abnormal for this volatile…
Bitcoin saw some slight turbulence over the past few days, with its price rallying as high as $9,300 before facing a rejection that caused it to slide beneath $9,000 for a brief period.This volatility appeared to be directly linked to news regarding US payroll numbers, signaling that the cryptocurrency presently remains highly correlated to the…
To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anything until one of these lines gets hit.”That’s to say, the analyst isn’t taking a trading position in Bitcoin because he has no idea…
It’s been a tough past few weeks for the Bitcoin market. Some are skeptical that the cryptocurrency is in a bull trend after BTC has sustained multiple rejections at $10,000.Yet a trader that nailed a bold prediction remains optimistic, sharing a number of signals indicating imminent upside.Bitcoin Could Soon See a Bounce, Says Crypto TraderIn…
Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session.The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar.S&P 500 remained closed on Friday for the Independence Day holiday.The past 24 hours saw Bitcoin breaking its short-term positive correlation with the S&P…
The U.K.’s Financial Conduct Authority (FCA) says the number of British people buying Bitcoin doubled in a year. In a research paper, the authorities said 2.6 million people bought cryptocurrencies at some point.In large part, the FCA’s stance towards crypto assets remains neutral. The regulatory body said that it believes many bought Bitcoin as a…
Bitcoin was rejected once again near the $9,300 resistance against the US Dollar. BTC is currently recovering, but it remains at a risk of more downsides below $9,000.Bitcoin topped near $9,302 and declined more than $300 in the past few hours.The price is now trading well below $9,200 and the 100 hourly simple moving average.There…