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06/07/20 02:00 by Nick Chong
“No Position Is the Best Position,’ Says Bitcoin Trader as Price Stagnates
From a macro perspective, Bitcoin has basically flatlined. If you’ve followed the cryptocurrency market over the past few weeks, you probably know this. But BTC’s boring price action is a ... Read More
06/07/20 01:00 by Nick Chong
Why an Analyst Isn’t Convinced Bitcoin Established a Top at $10,500
Many traders have argued over recent weeks that Bitcoin’s recent price action resembles a textbook top. As NewsBTC has covered extensively, there are a number of signs to corroborate this sentim... Read More
05/07/20 22:00 by Nick Chong
Bitcoin Surged 150% After This Signal Last Appeared. It’s Almost Back Again
It’s been a slow past few weeks for the Bitcoin market. After hitting $10,500 at the start of June, the cryptocurrency has entered a short-term downtrend.
While some say that this price action i... Read More
05/07/20 19:30 by Tony Spilotro
What’s Fueling DeFi Token Compound’s Powerful 20% Intraday Rally
One of the crypto market’s hottest DeFi tokens, Compound (COMP) has gone on an over 20% intraday rally. Meanwhile, the rest of the market is seeing red due to overall Bitcoin weakness.
What’s caus... Read More
05/07/20 13:14 by Liza Mazurina
Number Of People Owning 1 BTC Nears One Million Amid Market Downturn
Two months after the Bitcoin halving event, the number of addresses holding 1+ BTC keeps rising. This trend has continued since the ‘Black Thursday’ market crash in March, which had a catastrophi... Read More
05/07/20 12:00 by Nick Chong
Macro Cardano (ADA) Chart “Highly Suggests” the Bull Run Is Over: Analyst
Despite the rhetoric on Twitter, holding Bitcoin has actually not been the best crypto investment of 2020 thus far.
The chart below shared by a cryptocurrency data analyst is a perfect case in point. ... Read More
05/07/20 06:28 by Aayush Jindal
Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Sharp Decline
Bitcoin is still holding the $9,000 support zone against the US Dollar. BTC is now approaching a crucial juncture and it could either rally above $9,200 or start a sharp decline below $9,000.
Bitcoin... Read More
05/07/20 00:00 by Nick Chong
Here Are 2 Ways to Benefit From the Impending Bitcoin Volatility Spike
Bitcoin’s price action has quickly become unbearable for many traders.
As NewsBTC has reported extensively over recent days, the crypto market has come to an absolute standstill.
In the past we... Read More
05/07/20 00:00 by Cole Petersen
Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”
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 ran... Read More
04/07/20 20:00 by Nick Chong
Nearly Half of Crypto Twitter Doesn’t Think Bitcoin Will Hit $50k in 2021
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’... Read More
04/07/20 06:00 by Nick Chong
Last Time Bitcoin Volatility Was This Low, BTC Surged by 25% in 24 Hours
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 found... Read More
04/07/20 04:00 by Cole Petersen
Economist: Bitcoin Remains a “Risk On” Asset After Reacting to Payroll Data
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 volatilit... Read More
04/07/20 01:00 by Nick Chong
A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return
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 anythi... Read More
03/07/20 23:00 by Nick Chong
Analyst Who Predicted Bitcoin’s V-Shaped Reversal at $3,700 Is Bullish
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 n... Read More
03/07/20 21:00 by Nick Chong
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021
The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year. A majority of cryptocurrency investors on Twitter see... Read More
03/07/20 19:25 by Guest Author
OKEx Adds 10 New Charts to its skewAnalytics Dashboard, Increases Transparency
The global crypto spot exchange and derivatives trading platform, OKEx has taken its partnership with one of the trusted crypto derivatives market data platform Skew to the next level. According to a ... Read More
03/07/20 11:34 by Joseph Young
Research: Bitcoin Volatility Reaches 1-Year Low, May Hint Big Move is Near
According to Skew, the implied volatility of Bitcoin reached a 1-year low at 46%. The last time BTC’s volatility reached such a low point, a big price movement followed.
“BTC 1mo... Read More
03/07/20 05:58 by Aayush Jindal
Bitcoin Faces Another Rejection And It’s Vulnerable to a Drop Below $9K
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 ... Read More
03/07/20 04:00 by Cole Petersen
This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor
Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading range since the start of May.
The equiti... Read More
03/07/20 03:00 by Nick Chong
If the S&P 500 Passes 3,200, Then Bitcoin Can Retake $9,500: Analyst
If you’ve followed Bitcoin analysts over recent weeks, you likely know of the importance of $9,500 to the cryptocurrency.
As the chart below indicates, $9,500 has been a crucial price point for ... Read More
03/07/20 01:00 by Cole Petersen
History Shows That Bitcoin’s Consolidation Phase is Likely to Result in Fireworks
Bitcoin has been caught within a tight trading range between $9,000 and $10,000 for two months now. This trading range is still showing few signs of degrading as buyers continue guarding against a dip... Read More
02/07/20 19:23 by Cole Petersen
Bitcoin Breaks Below $9,000 as Sellers Invalidate Bullish Technical Pattern
Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago.
This breakdown has come about following a recent rejection posted ... Read More
02/07/20 17:33 by Joseph Young
Peter Schiff: Bitcoin HODLers Delusional as Gold Outperformed BTC, But Did It?
Peter Schiff, the CEO of Euro Pacific Capital, says “HODLers” of Bitcoin “remain delusional” because gold outperformed Bitcoin since 2019. But, BTC actually outperformed the pr... Read More
02/07/20 14:46 by Samuel Wan
The Tide is Turning, No-Coiner Bill Burr Convinced Over Merits of Bitcoin
Bitcoin bull Anthony Pompliano recently took part in the Bill Bert Podcast, hosted by comedians Bill Burr and Bert Kreischer.
The hour and a half long episode had Pompliano selling the merits of Bitc... Read More
02/07/20 12:24 by Nick Chong
This Eerie Nasdaq Fractal Predicts Bitcoin Will Rocket to $15,000 in 2020
In May and June, Bitcoin sustained multiple consecutive rejections at $10,000.
Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockr... Read More
02/07/20 08:20 by Erie Maxwell
Bitcoin Price Stalls At $9.2k, But Bulls Are Still Eying Gigantic Move Towards $13,000
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence thinks Bitcoin is headed on a bull run towards $13K. But possibly, more importantly, he mentioned the declining volatility of the d... Read More
02/07/20 05:58 by Aayush Jindal
Bitcoin Hesitates But Indicators Suggest BTC Could Surge Above $9,300
Bitcoin is slowly moving higher and it recently tested $9,300 against the US Dollar. BTC is now trading well above the 100 hourly SMA, and it is likely to surge above $9,300.
Bitcoin is showing a few... Read More
02/07/20 05:19 by Nick Chong
“Perfect Storm” of Technicals Indicates Bitcoin May Plunge After Hitting $9,500
After holding the low-$9,000s for days on end, Bitcoin has attempted to break out over recent hours. The cryptocurrency trades at $9,250 as of the time of this article’s writing, having establis... Read More
02/07/20 02:00 by Nick Chong
The Last Time This Metric Was This Low, Bitcoin Bottomed at $3,200
The past two months have been a confusing time for Bitcoin investors. The cryptocurrency has traded between a rock and a hard place, barely deviating from the range lows of $8,500 and the highs of $10... Read More
01/07/20 19:30 by Tony Spilotro
Bitcoin Supply Metric Reaches Low Last Seen Ahead of Historic Bull Market
Momentum is building in Bitcoin. The asset has never been healthier fundamentally, and its most important indicators are all screaming buy.
On-chain activity, hash rates, and BTC supply metrics also s... Read More