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Crypto Analyst Says Bitcoin Price Still Depends on Stock Market as Correlation still Intact

Bitcoin experienced a severe crash last week alongside the stock market which was responding to the COVID-19 pandemic that has led to record crashes in stock prices. The crash in BTC price suggested its correlation with the stock market although some have argued that this is not the case. The number one cryptocurrency was on […] дальше »

2020-3-23 00:42


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Bitcoin Still Months Away From Recovery, Fundstrat Analyst

Bitcoin might need several months to recover from its recent crash, according to a recent report published by Fundstrat Global Advisors. Bitcoin Needs Time to Repair Serious Damage The technicals behind the Bitcoin price are not in good shape, as per Fundstrat’s report published yesterday, though the cryptocurrency has already surged over 13% since then. дальше »

2020-3-21 19:00


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Bitcoin Price Plunge To $2K Just Weeks Before Halving Expected, Prominent Analyst Claims

The bitcoin miners reward halving is slated for around May 9, basically 54 days away. This event is supposed to be a bullish catalyst based on the fact that bitcoin’s supply will reduce. However, before this event occurs, there’s a possibility that bitcoin could see a drop to the $2K level – which should not […] дальше »

2020-3-19 22:14


Statistician Who Predicted Bitcoin Crash Says Its Price Will Moon

A statistician who accurately predicted that bitcoin will flash dump amidst a global economic crisis now hopes for a significant price rebound. Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking for a bottom. “Dump... дальше »

2020-3-18 15:00


The Next Few Weeks Will “Define the Future” of Bitcoin After Breaking Multi-Year Trendline

Bitcoin has risen today in tandem with the traditional markets, finding what appears to be a secure foothold within the lower-$5,000 region. This has allowed the benchmark crypto to begin confirming its recent lows as a mid-term bottom, but it still remains unclear as to where it will trend next. One prominent analyst is now... дальше »

2020-3-18 00:30


Here’s Why Bitcoin Didn’t Bottom at $3,800 According to a Top Analyst

While Bitcoin seemingly remains in a bear trend, sentiment has spread over the past few days that the cryptocurrency market has bottomed; analysts cite the fact that BitMEX funding rates are decisively negative, suggesting an extreme bottom, along with other technical analysis-based evidence to back their lofty opinion. But according to a top analyst, there... дальше »

2020-3-15 22:30


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Despite 25% Correction From Bitcoin’s Peak, Top Analyst Still Expects a Great 2020

Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. дальше »

2020-3-11 05:56


Investor Activity in Bitcoin Is ‘Fizzing Out’ As Market Undergoes A Black Swan Event

Earlier last month, Bitcoin broke above $10,000 that on-chain analyst Willy Woo said was the “real deal”. “Fundamental investment activity is backing this $10k breakout,” said Woo at that time. However, as we saw in the past few weeks, bitcoin has been acting like a risky asset following the stock market, going from above $10,500 […] дальше »

2020-3-10 17:14