Bitcoin’s pullback to $105,250 on Tuesday implies the possibility for additional price drop. After recently failing to close above $109,000 on both Sunday and Monday, fears deepened among investors as the cryptocurrency has shown signs of weakening.Technically Bitcoin’s price is trapped between a downtrend line and moving averages. All of...
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Bitcoin is exhibiting strong performance this year, outperforming traditional markets, and analysts predict further gains should it breach a critical resistance level. After being declared dead just months ago, crypto is up 15% on the year, trouncing the S&P 500’s measly 5% advance. Bullish determinants Campbell lists a number of...
As Bitcoin approaches the monthly / quarterly close, we’re seeing record amounts of order-book liquidity build up. Bitcoin plummeted to noted levels near $107,000 just after. It’s easy to see why analysts are now looking closely for a potential “short squeeze.” As Washington gears up for a possible fall search...
Bitcoin’s six-figure valuation and millions of retail investors with wealth to gain from fluctuations in its price. Currently, the overall market sentiment regarding Bitcoin is neutral. This past Tuesday, June 27, crypto analyst Maartunn made a huge splash across the industry when he revealed that… The market sentiment metric 90-day...
Bitcoin has once again demonstrated its strength, most recently breaking above the $107,000 level after forming a bull flag consolidation pattern. And analysts are watching the massive increase very closely. They’re looking out for technical patterns that would suggest a new ATH is just around the corner. Currently, Bitcoin is...
The US dollar faces mounting pressure as its strength declines, with Bitcoin emerging as a potential relief valve, according to US President Donald Trump. His statements come amid increasing angst over surging US government bond yields. They point to the ongoing massive trade deficits, which just might indicate a coming...
Bitcoin started the week with a storm of price movement. The resulting bang was a thorough restructuring of the derivatives market as well. Regardless of the ups and downs, Bitcoin is still stagnant in the $100,000–$110,000 range, with onchain activity suggestive of a cooling down period. The crypto’s price action...
Ric Edelman, head of the Digital Assets Council of Financial Advisors, is advocating for a substantial shift in investment strategies. He’s continuously advocating for financial advisors to start allocating their clients' portfolios in 10-40% of client portfolios to cryptos. This recommendation is a big step forward as an evolution in...
Early in September, Texas made history by becoming the first U.S. state to fund a “strategic” bitcoin reserve. This decision marks an important step in the long march towards officialdom’s acceptance of digital assets. In June, Gov. Greg Abbott signed the Texas Strategic Bitcoin Reserve and Investment Act into law....
