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Here’s What’s Driving a Bitcoin Buying Frenzy Amongst Retail Investors

On-chain data suggests that retail Bitcoin investors are currently engaged in a buying frenzy This comes close on the heels of the crypto’s terrifying plunge from $8,000 to $3,800 – which has since been followed by an unwavering uptrend The strength Bitcoin has shown in the face of massive macroeconomic weakness may be bolstering investor sentiment The capitulatory plunge that Bitcoin took on March 12th was historic, with the cryptocurrency declining from highs of over […] дальше »

2020-4-24 02:00

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Bitcoin Enters Multi-Year Trading Range as Mixed Signals Flash

Bitcoin has stabilized above $6,800 after its recent dip below $7,000 It has now entered what appears to be a historic trading range that has been developed over many years Analysts are noting that the crypto is now sending mixed signals with regards to where it might trend next In the time following Bitcoin’s intense decline below $7,000 yesterday, the benchmark cryptocurrency has since been able to stabilize above its near-term support at $6,800. It […] дальше »

2020-4-22 21:00

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Bitcoin’s Implied Volatility Craters as Traders Eye Technical Weakness

Bitcoin’s implied volatility has been caught within a consistent downtrend throughout the past several weeks This comes as global instability mounts and as BTC’s mining rewards halving fast approaches Following the massive volatility seen in mid-March when the cryptocurrency declined from roughly $8,000 to lows of $3,800 in an unprecedented movement, Bitcoin’s implied volatility has been consistently declining. дальше »

2020-4-21 02:00

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Bitcoin on Brink of Serious Downside as Risk of Losing Support Grows

Bitcoin is at risk of seeing further downside as it tests a key descending trendline Some top traders are warning of BTC posting major losses in the coming days and weeks In the time following the tempered signs of weakness Bitcoin showed yesterday when it dipped below its key support at $7,200, the benchmark cryptocurrency has further extended this downtrend as bulls now defending against a dip below $7,000. This weakness has led BTC down […] дальше »

2020-4-21 21:00