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Bullish for Bitcoin: Data Reveals Spike in Activity from New BTC Investors

Bitcoin’s price action hasn’t been providing investors with many insights, as it has primarily stagnated as it trades around $10,700 The cryptocurrency market is currently resting on the edge of a blade as investors closely watch to see where BTC may trend in the near-term One trend that seems to point to underlying bullishness is a spike in activity seen amongst new market participants While speaking about this, one on-chain analyst said that this spike […] дальше »

2020-10-1 02:00

Analyst: Bitcoin May Face Prolonged Accumulation Phase Around $9,000

Bitcoin is now caught within a persistent and relatively tight accumulation phase between $10,600 and $10,800 The cryptocurrency has been unable to post any type of ardent reaction to either of these levels, and has mainly traded in between them at $10,700 BTC’s ongoing bout of sideways trading has done little to offer insight into its near-term outlook, but investors are noting that a fresh trend may be approaching One trader recently put forth a […] дальше »

2020-10-1 21:00

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This Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000

Bitcoin’s price has entered a consolidation phase as it trades between $10,600 and $10,800 The cryptocurrency’s strong uptrend in recent days stalled as soon as it approached $11,000, as the selling pressure at this level has proven to be quite significant Analysts are now conflicted on where it may trend next, as it all depends on whether $11,000 proves to be a surmountable level One analytics firm is now noting that there is one indicator […] дальше »

2020-9-30 02:00

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Bitcoin Could See an Accelerated Decline to $9,500 if It Breaks One Key Level

Bitcoin’s price has been largely stagnant over the past couple of days, with its recent uptrend stopping short of leading the cryptocurrency up to highs of $11,000 BTC has been able to maintain the bulk of its recent gains despite the selloff seen yesterday afternoon This selloff caused it to wick as low as $10,500 on some exchanges, but the decline was fleeting and followed by a strong rebound Although Bitcoin has been consolidating ever […] дальше »

2020-9-30 21:00

US Dollar Will Crash “Faster and Harder,” Says Pro-Bitcoin Economist

A recent sharp pullback move in the US dollar market is insufficient to log a full-fledged upside breakout. So says Stephen Roach, the former chairman of Morgan Stanley Asia. The pro-Bitcoin economist wrote in an op-ed that the US dollar could fall by as much as 35 percent by the end of 2021 due to strengthening foreign currencies, rapid macroeconomic imbalances in the US, and the end of the American hegemony over global reserve assets. […] дальше »

2020-9-29 11:16

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Bitcoin’s Push to $11,000 Comes Following Intense Accumulation from Whales

Bitcoin is currently in the process of pushing towards $11,000, although it is facing some slight selling pressure at this level The cryptocurrency now appears to be positioned to rally higher in the near-term, as it was able to post an incredibly bullish weekly candle close yesterday Within one minute of this candle closing, BTC’s price rocketed by hundreds of dollars One interesting trend that appears to be backing this move is a pattern of […] дальше »

2020-9-29 02:00

Bitcoin Just Posted an Ultra-Bullish Weekly Close; Here’s Where It May Go Next

Bitcoin saw a notable influx of buying pressure yesterday that helped send its price rocketing towards $11,000 The strength of this movement was notable, and BTC has yet to surrender any of its recent gains to sellers Despite the technical strength currently being expressed by Bitcoin, it is imperative to note that it remains caught within its mid-term range This trading range has been formed between $10,200 and $11,200 One analyst is now noting that […] дальше »

2020-9-29 21:00

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Bitcoin Remains Stuck Below Key Technical Level as Bulls Try to Take Control

Bitcoin’s price has been stagnant throughout the past several weeks and months, with buyers and sellers being unable to gain firm control of its near-term outlook The crypto is now pushing up towards $10,800, which has proven to be a heavy resistance level throughout the past several days and weeks If this level continues holding strong as resistance, whether or not it is broken above should offer profound insights into BTC’s near-term outlook A firm […] дальше »

2020-9-27 19:00

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Here’s the Key Level Bitcoin Needs to Close Above to Kick Off an Uptrend

Bitcoin’s price action has been choppy over the past couple of weeks, with bulls and bears reaching an impasse as it consolidates between $10,200 and $11,200 These two levels have proven to be strong support and resistance, and which one is broken first could offer some significant insights into its near-term outlook As for where it may trend in the near-term, one trader is noting that it all depends on its upcoming weekly candle close […] дальше »

2020-9-27 02:00

Bitcoin’s Momentum Stalls, But Negative Funding Gives a Boost to Bulls

Bitcoin’s upwards momentum has stalled following the promising push higher seen yesterday This allowed the cryptocurrency’s price to surge up towards $10,800, which is where it met some serious resistance that slowed its uptrend Despite rejecting at this level, the subsequent downtrend has not been that intense, indicating that bulls may still have some underlying strength One analyst is noting that although BTC is beginning to look bearish, the fact that funding rates are still […] дальше »

2020-9-26 21:00