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PortuguêsDownward volatility hits the market on Sunday, as market participants argue that most of the drop is already complete. Bitcoin (BTC) dropped to local lows of $33,750 on June 20…
Continue ReadingAnalysts and traders are linking Bitcoin‘s bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise. At the moment, there seems to be a general assumption…
Continue ReadingSupport at $36,000 may also be temporary, one trader warns, after a major Binance buy wall is obliterated. Bitcoin (BTC) broke below $37,000 during trading on June 18 in the…
Continue ReadingAnother slight decline sees Bitcoin at a crossroads as sellers erode a major exchange buy wall. Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid…
Continue ReadingAnalysts search for bearish signals after the June BTC futures trade below spot exchange pricing. An unusual phenomenon called ‘backwardation’ is taking place in Bitcoin (BTC) futures trading, mainly the…
Continue ReadingIt’s been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed’s outlook. Bitcoin (BTC) edged closer to $38,000 support on June 17…
Continue ReadingThe U.S. dollar appeared to benefit from fresh comments by Jerome Powell, while Bitcoin remains frustrated. Bitcoin (BTC) stayed below $40,000 on June 17 as a surging U.S. dollar added…
Continue ReadingBillionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022. Draper first made this prediction in 2018 when Bitcoin’s price was…
Continue ReadingAnalysts anticipate Bitcoin to continue its recovery rally above $40,000 on increasing anti-inflation bets. But a looming death cross could spoil the upside outlook. Bitcoin (BTC) wobbled around $40,000 as…
Continue ReadingThose who bought Bitcoin this bull market are in no hurry to sell, says Glassnode, as small-time investor numbers also grow. Bitcoin (BTC) investors continue to hodl BTC at $40,000,…
Continue ReadingThe survey results coincide with U.S. inflation climbing to the highest levels since 1992. Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over…
Continue ReadingMacro comparisons suggest that there’s no more room for dips on BTC/USD, suggests Jurrien Timmer. Bitcoin (BTC) has already hit its price bottom, one of the industry‘s top executives believes…
Continue ReadingTraders who are unsure about Bitcoin’s chance of continuation above $40,000 can use a combination of protective put options to generate profit. Investors tend to define the market as either…
Continue ReadingA stunning BTC price surge accompanies concerns over the United States Federal Reserve’s “institutional credibility.” Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a…
Continue ReadingMusk leaves the door open for Tesla to accept Bitcoin again, sparking a run to near $40,000 — but will it hold? Bitcoin (BTC) starts a new week on a…
Continue ReadingBitcoin would “surprise” the stock-to-flow creator if it fails to return to its forecast trajectory, with three years still to go until crunch time. Bitcoin (BTC) can still hit an…
Continue ReadingSustained higher levels mean a retreat to $30,000 is looking less and less essential to preserve the bull market. Bitcoin (BTC) traded in a higher range on Friday, with analysts…
Continue ReadingDeviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Bitcoin (BTC) spending over three weeks in the $30,000 range is proving a…
Continue ReadingBitcoin market sentiments remain skewed to the downside even after it becomes a legal tender in El Salvador following a parliamentary nod. Bitcoin (BTC) logged its best daily performance on…
Continue ReadingThe good times will be temporarily over once again on Thursday, one trader predicts, despite this week’s 20% gains. Bitcoin (BTC) neared $38,000 in a strong comeback on June 10,…
Continue ReadingEconomists expect the annual Consumer Price Index (CPI) to climb to 4.7%. Bitcoin (BTC) price reclaimed $36,000 heading into the New York session Wednesday as investors awaited fresh data on…
Continue ReadingThe odds are on for a continuation to $40,000, Mike McGlone argues, but not everyone is so sure. Bitcoin (BTC) is “more likely” to hit $40,000 than $20,000, Bloomberg argues,…
Continue ReadingBitcoin is now officially legal tender in a sovereign state for the first time, but can it exit its bearish price phase? Bitcoin (BTC) headed towards $35,000 on June 9,…
Continue ReadingBreaking $19,000 will be “very hard” for bears, say analysts at Whalemap, with this still allowing Bitcoin to dive below the $20,000 highs from 2017. Bitcoin (BTC) edged closer to…
Continue ReadingCommentators are calling for a deeper crypto dive which would see BTC price action close to $20,000, not $30,000 in the short term. Bitcoin (BTC) is heading for “absolute carnage”…
Continue ReadingA breakout to avoid a fresh price dip would be a “miracle,” says Crypto Ed as storm clouds gather for Bitcoin bulls. Bitcoin (BTC) traded worryingly near $30,000 support on…
Continue ReadingA growing number of analysts have flipped bearish on Bitcoin and expect a significant price drop, but analyzing data from the perpetual futures and options markets uncovers a contrasting narrative.…
Continue ReadingNews of a major adoption move has no impact on lackluster BTC price action prior to government approval — can anything lift Bitcoin out of its range? Bitcoin (BTC) begins…
Continue ReadingA push to $40,000-$42,000 won’t protect Bitcoin from risks of undergoing a major price decline later, suggests a century-old price prediction model created by technical analyst titan Richard Wyckoff. Overconfident…
Continue ReadingThe U.S. dollar index recorded its best daily performance in almost nine months just as the BTC/USD exchange rate fell following Elon Musk’s cryptic tweet. Bitcoin (BTC) prices fell by…
Continue ReadingBTC price action is already in recovery after a modest drop, and traders are favoring upside. Bitcoin (BTC) bounced off a predicted floor on June 4 as the dust settled…
Continue ReadingIt could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes. Bitcoin (BTC) is slowly…
Continue ReadingAnother price dip is required before continuation, one trader says, giving a short-term target of $36,000 for BTC/USD. BItcoin (BTC) edged closer to $40,000 on June 3 as bulls gathered…
Continue ReadingBears’ misplaced belief that Bitcoin‘s price would drop to $32,000 allowed Friday’s BTC options expiry to become unexpectedly balanced. On June 4, a total of 15,530 Bitcoin (BTC) options are…
Continue ReadingBitcoin is forming a textbook downside continuation structure called Bearish Pennant whose ultimate breakout target lurks near $16,000. Bitcoin (BTC) has rebounded by more than 25% after bottoming out at…
Continue ReadingAll eyes are on whether Bitcoin can flip $37,500 to support for a continuation of bullish momentum. Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility…
Continue ReadingDespite the May sell-off, strong hands are mostly holding firm at prices which seemed impossible two years ago. Bitcoin (BTC) is less active than at any time this year, new…
Continue ReadingThis week is when volatility returns and a make-or-break moment for BTC/USD hits, traders believe. Bitcoin (BTC) is nearing the end of a consolidation period, which traders are betting will…
Continue ReadingLong-term price forecasts based on stock-to-flow remain “intact,” said PlanB after last month’s record red candle. Bitcoin (BTC) may have just had its worst monthly candle in 10 years, but…
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