Since the daily close 20 minutes ago, Bitcoin has fallen off a cliff. The cryptocurrency has collapsed from $9,800 where it spent most of Saturday to $8,000 — a drop of more than 15% — since the daily close, shedding support level after support level as if they were not notable at all. TradingView.com Few…
DetailsAltcoins have been severely underperforming Bitcoin throughout the course of its latest push higher. This has caused many cryptos to form bearish technical structures against their BTC trading pairs that could force them lower in the days and weeks ahead. Analysts are now noting that this trend of underperformance is unlikely to subside anytime soon.…
DetailsWhile 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 that purportedly has an 8/8 or 100% strike rate, just appeared on Bitcoin’s chart, a top analyst has…
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A long-held theory in the Bitcoin market is, the launch of CME futures popped the cryptocurrency bubble. When the established derivatives exchange launched the product, BTC surged dozens of percent higher in the days that followed, only to crash from $20,000 to around $6,000 within two months. The timelines suggested that it was the futures…
DetailsBitcoin has made immense progress since the lows seen in March. As the chart below depicts, from the lows of $3,700, the cryptocurrency has gained in excess of 150%. This rally comes in spite of the global economy, heading into recession — a recession that the Federal Reserve, the Bank of England, and the International…
DetailsAfter the powerful rally unfolding across the crypto market over the last several weeks, Bitcoin price failed to breach cleanly above $10,000 and hold. The move pushed the first-ever cryptocurrency into a supply zone dating back to the start of the bear market where it was rejected. The failure will likely result in Bitcoin price…
DetailsThe devastating day now known as Black Thursday took Bitcoin price down to $3,800. The sharp collapse also knocked the asset out of a logarithmic growth curve it had been following its entire history. This latest, over 160% rally has now reclaimed that generational log curve, making it the greatest shake out the cryptocurrency market…
DetailsEver since the CME launched futures for Bitcoin, investors have been asking for Wall Street-centric Ethereum futures. The reason: cryptocurrency investors believe these derivatives will catalyze ETH buying by an institutional audience. Analyst Expects Ethereum Futures to Send Price Flying According to a prominent crypto trader, “it won’t be long before we see [Ethereum] futures…
DetailsTo soften the critical blow dealt by the coronavirus to the United States economy, the government issued stimulus checks on last month, and according to data, much of these stimulus checks made their way into Bitcoin and other crypto assets. The boost in economic activity and spare cash may be partly responsible for the recent…
DetailsA 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 realistic upside targets of $1 million per BTC. Can Bitcoin truly reach a valuation so high? Realizing Bitcoin’s Long-Term Disruptive Potential Bitcoin…
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