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08/07/20 11:22 by Nick Chong
Bitcoin Is at the Apex of a Multi-Month Pattern — and Bulls Are in Control
Even taking Bitcoin’s Monday pump from $9,000 to $9,400 into account, the cryptocurrency is still in a macro consolidation.
Some traders have joked that considering the length of BTC’s con... Read More
21/06/20 02:00 by Nick Chong
One of Bitcoin’s Most Accurate Macro Signals Is About to Signal a Bull Run
After the block reward halving in May, Bitcoin’s mining ecosystem was immediately thrown into disarray.
The revenue of miners was effectively halved overnight, forcing many miners with tight pro... Read More
20/06/20 09:00 by Nick Chong
A Top Macro Analyst Just Bought Bitcoin For the First Time Ever
While Bitcoin’s uptrend has stalled, prominent names in the financial world have continued to delve into cryptocurrency.
The latest of these is Darius Dale, the Managing Director & Partner a... Read More
19/06/20 12:00 by Nick Chong
Last 2 Times This Signal Was Seen, Bitcoin Dove 50%. It’s About to Happen Again
Bitcoin’s recent consolidation has left analysts and investors alike largely puzzled as to what comes next.
Nothing is a better sign of this than the funding rates of BTC futures markets, which ... Read More
05/06/20 14:00 by Yashu Gola
Bitcoin Targets $20K against Fed and ECB’s Savage QE Policies
Bitcoin bulls eye a $20,000 yearly close against the Federal Reserve and the European Central Bank’s expansionary policies.
Dan Morehead, the CEO of Pantera Capital, noted that the bitcoin marke... Read More
05/06/20 02:00 by Nick Chong
Bitcoin Rallied 300% Last Time This Signal Appeared. It Just Happened Again
After rallying as high as $10,400 earlier this week, Bitcoin plunged by nearly $2,000 in 24 hours on BitMEX. It was a move that liquidated over one hundred million worth of derivatives positions.
Anal... Read More
04/06/20 03:00 by Nick Chong
Why an Eerily Accurate Analyst Still Expects Bitcoin to Retrace To the $7ks
After the $1,500 drop that Bitcoin sustained just the other day, analysts are reconsidering their bullish skew on the crypto market.
One analyst went as far as to suggest that the cryptocurrency is po... Read More
03/06/20 12:00 by Nick Chong
Why a Long-Time Bitcoin Proponent Thinks BTC Will Rally Over 3,000% in 5 Years
Bitcoin remains below the crucial resistances of $10,500 and $14,000 but that hasn’t stopped investors from speculating as to where BTC will top in the upcoming bull run.
One prominent executive... Read More
02/06/20 12:59 by Yashu Gola
Analysts Eye $20,000 Bitcoin as Price Breaks Major Resistance
Bitcoin leaped over $10,000 in Monday trade as a weakening dollar sentiment sent risky assets higher.
The cryptocurrency corrected lower in the early morning Tuesday but signaled strength amid an opti... Read More
20/05/20 11:32 by Nick Chong
Crucial On-Chain Metrics: Bitcoin on the Verge of Its Fourth Macro Bull Market
While Bitcoin has seen its fair shares of rallies and crashes since the 2017 highs of $20,000, the cryptocurrency has not yet entered its fourth macro market cycle. Though a crucial on-chain indicator... Read More
19/05/20 09:00 by Nick Chong
Turkey’s Economic Tumoil Shows Bitcoin Is a Better Bet Than Emerging Markets
Bitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies.
Unemployment has skyrocketed, consumer confidence i... Read More
18/05/20 03:54 by Nick Chong
Millions Worth of BitMEX Shorts Liquidated as Bitcoin Surges Towards $10,000
Just minutes ago, Bitcoin made its latest attempt at rallying to $10,000, reaching $9,950 after the close of Sunday’s candle. The cryptocurrency fell short of the key $10,000 price point, since ... Read More
17/05/20 01:00 by Cole Petersen
Ethereum Could Rally to $290 if it Holds This One Crucial Level
Ethereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region.
Analysts are now noti... Read More
16/05/20 12:00 by Nick Chong
Once In a Lifetime Money Printing Strengthens Bitcoin’s Bull Case Investor
Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally.
Many have put their faith in the Bitcoin block... Read More
12/05/20 04:00 by Nick Chong
The Last Time This Happened, Bitcoin Rallied 150%. The Signal Just Returned
Bitcoin hasn’t done too well over the past few days.
Despite the fact that the block reward halving came to pass just hours ago, the cryptocurrency is actually down since last week’s highs... Read More
09/05/20 21:00 by Nick Chong
Top Strike Rate Bitcoin Signal That Preceded a 2,000% Rally Just Returned
While it was just eight weeks ago that Bitcoin was trading at $3,700 in the depths of a bear market, key signals are already showing BTC is just entering a bull market.
One such signal, an indicator t... Read More
09/05/20 02:00 by Nick Chong
There’s a $30 Million Bitcoin Sell Wall That May Halt Any Rally Past $10k
The price action over the past few days has undoubtedly been positive for Bitcoin. After building momentum for weeks, the cryptocurrency finally burst past $10,000 this week, hitting a $10,100 high.
... Read More
08/05/20 22:00 by Tony Spilotro
Global Macro Economist Shares 3 Perfect Bitcoin Charts With $1M BTC Targets
A global macro economist and well-known investor, has shared not one, or two, but three of what he refers to as “perfect” Bitcoin price charts.
Two out of the three charts point to realist... Read More
08/05/20 03:00 by Cole Petersen
Here Are the Macro Factors Driving Bitcoin’s Explosive Uptrend
Bitcoin has been caught within the throes of an explosive uptrend throughout the past several days and weeks.
Buyers have allowed the cryptocurrency to put some serious distance between its recent low... Read More
08/05/20 01:28 by Nick Chong
Bitcoin Just Surged to $10,000: Here’s What Analysts Think Comes Next
Just hours after our last market update, Bitcoin has topped $10,000. This is the first time the cryptocurrency has done this in over seven weeks.
After holding $9,400 for all of Wednesday, the cryptoc... Read More
20/04/20 23:00 by Cole Petersen
This Major Crypto is Poised for New Lows in 2020 as Macro Structure Degrades
2020 has been a particularly rough year for Litecoin, with the crypto closely tracking Bitcoin’s price action and trading right around where it started the year at.
Although LTC has been able to avo... Read More
18/04/20 06:00 by Nick Chong
Bitcoin Could Soon Plunge From $7,000: 2 Key Technical Trends Prove This
In the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning rec... Read More
07/04/20 13:16 by Brenda Ngari
Sorry BTC Bulls: Analyst Says Ongoing Miner Capitulation Could Trigger A 2018-Esque ‘Death Drop’
As the bitcoin price climbs back above $7,300, the question on everyone’s mind is whether the most recent bottom is in, or whether another big drop is in the offing.
One analyst in the crypto co... Read More
23/03/20 12:16 by Brenda Ngari
Billionaire Bull Mike Novogratz Perfectly Explains Why He Believes 2020 Will Be Bitcoin’s Year
After hovering just below $6500 yesterday (March 22), the bears won the day as BTC price crumbled below $6,000. Bitcoin is trading at $5825.42 at press time and some traders expect further correction... Read More
17/12/19 13:00 by Nick Chong
Why a Top Analyst Thinks Bitcoin Price Could Fall By 20% Before Bottoming
On Monday, the Bitcoin (BTC) price started to falter. After trading above $7,000 for days on end — a consolidation that forced volatility levels to hit multi-month lows— the cryptocurrency slipped... Read More
15/12/19 22:30 by Cole Petersen
Bitcoin Week in Review: Bears Attack Key Support, But Irresponsible Monetary Policy May Bolster Macro Outlook
As we draw near the end of 2019, the events surrounding Bitcoin on a weekly basis are growing increasingly important, as how BTC trades within the next couple of weeks could set the tone for where it ... Read More
15/12/19 21:30 by Nick Chong
Bitcoin’s “Supertrend” Flips Red as Price Fails to Surmount Low-$7,000s
According to a recent analysis done by Byzantine General, the SuperTrend indicator for the one-week Bitcoin chart has flipped red, meaning bearish, after a multi-month bullish period seen earlier this... Read More
15/12/19 07:18 by Nick Chong
Bitcoin Price Still Has Potential to Dive to $5,500, Yet Macro Uptrend Still Intact
Last week, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a... Read More
14/12/19 02:40 by Nick Chong
Why Bitcoin Price Crossing $10,000 is so Important: Top Investor Explains
For some reason or another, Bitcoin investors have long gravitated to round numbers. $1, that’s important. $100, make sure you watch that level. $1,000, all hands on deck. According to a promine... Read More
09/12/19 00:00 by Nick Chong
Current Bitcoin Price Trajectory Similar to May 2018, Prior to $3,000 Drop: Analyst
Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While... Read More