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Bitcoin News
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Bitcoin News

Bitcoin Price Analysis: BTC Bulls Regain Control, Plenty Of Room For Growth Above $11k

Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital

Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital

bitcoin
Bitcoin News
bitcoin
Bitcoin News

How Bitcoin Price Could Explode in Late 2020

Bitcoin prices have been falling back from their 2020 peak for the past six weeks but macroeconomic and political factors could drive resurgence towards the end of the year. Since its sharp decline on the first of September, Bitcoin has found relative stability in the mid-$10k range, remaining there for the past three weeks. Investors

Bitcoin prices have been falling back from their 2020 peak for the past six weeks but macroeconomic and political factors could drive resurgence towards the end of the year. Since its sharp decline on the first of September, Bitcoin has found relative stability in the mid-$10k range, remaining there for the past three weeks. Investors

ethereum bitcoin supply schedule fight
Bitcoin News
ethereum bitcoin supply schedule fight
Bitcoin News

Bitcoin Technical Analysis: BTC Retreat Imminent After Hitting Barrier At $10,800

Bitcoins bullish momentum loses steam on encountering the 50-day EMA resistance. Declines linger as long as BTC cannot climb above the 50% Fibonacci level. Bitcoin explored levels in the key support range between $10,000 and $10,200 earlier this week. The last few days have been used by the bulls to correct the retracement from the

Bitcoins bullish momentum loses steam on encountering the 50-day EMA resistance. Declines linger as long as BTC cannot climb above the 50% Fibonacci level. Bitcoin explored levels in the key support range between $10,000 and $10,200 earlier this week. The last few days have been used by the bulls to correct the retracement from the

Bitcoin News
Bitcoin News

Bitcoin Price Prediction: BTC Upward Momentum Stalls Under $10,600 But Bulls Eye $11,000

Bitcoin bounces off support at $10,100 but hits a barrier at $10,600, delaying the uptrend. The number of new addresses joining the network is rising amid speculation that Bitcoin will soon hit $11,000. The flagship cryptocurrency suffered yet another blow, which forced it to revisit support at $10,100. The declines came after BTC was rejected

Bitcoin bounces off support at $10,100 but hits a barrier at $10,600, delaying the uptrend. The number of new addresses joining the network is rising amid speculation that Bitcoin will soon hit $11,000. The flagship cryptocurrency suffered yet another blow, which forced it to revisit support at $10,100. The declines came after BTC was rejected

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Bitcoin News
bitcoin
Bitcoin News

Bitcoin Rising Correlation With Traditional Market Undermines ‘Non-Related Asset’ Narrative

Despite the fact that Bitcoin has been long-touted as a “non-correlated asset”, there have been many instances when the largest cryptocurrency behaved similarly to the mainstream market. Altcoins undergoing another major pullback was occasioned with occurs not as drop significantly in the traditional markets and additionally in gold’s price which took a massive hit as

Despite the fact that Bitcoin has been long-touted as a “non-correlated asset”, there have been many instances when the largest cryptocurrency behaved similarly to the mainstream market. Altcoins undergoing another major pullback was occasioned with occurs not as drop significantly in the traditional markets and additionally in gold’s price which took a massive hit as

Bitcoin News
Bitcoin News

Bitcoin Price Analysis: BTC Facing The Ultimate Make Or Break Level Of $11,000

Bitcoin price is pivotal between the 50-day SMA and $11,000, suggesting possibilities of consolidation taking over. The impact of an ascending wedge is kept at by the 50-day support, breakdown back to $10,000 is still in the picture. Bitcoin has spent the last three weeks trying to recover from the dip at the beginning of

Bitcoin price is pivotal between the 50-day SMA and $11,000, suggesting possibilities of consolidation taking over. The impact of an ascending wedge is kept at by the 50-day support, breakdown back to $10,000 is still in the picture. Bitcoin has spent the last three weeks trying to recover from the dip at the beginning of

Bitcoin News
Bitcoin News

Bitcoin Trading Volume on Bakkt Peaks Again as September Expiration Approaches

Bakkt recently had witnessed a peak in the trading volume of physically-settled bitcoin futures on Tuesday, however, this was a short-lived peak. On Thursday, Bakkt’s trading volume for physically-settled bitcoin contracts surpassed previous ATH at $172 million and reached $178 million. Even though Bitcoin’s value is inching closer to $11,000 after a struggle in the

Bakkt recently had witnessed a peak in the trading volume of physically-settled bitcoin futures on Tuesday, however, this was a short-lived peak. On Thursday, Bakkt’s trading volume for physically-settled bitcoin contracts surpassed previous ATH at $172 million and reached $178 million. Even though Bitcoin’s value is inching closer to $11,000 after a struggle in the

BTC-10x-gold-inflation-hedge
Bitcoin News
BTC-10x-gold-inflation-hedge
Bitcoin News

Bitcoin To 10x From These Levels Says Analyst, Predicts Other Giants to Follow MicroStrategy

Business Intelligence Firm MicroStrategy created a massive buzz by announcing BTC purchase worth $425 million. Earlier this week, MicroStrategy CEO Michael Saylor disclosed how the company decided to pour almost half-a-billion dollar of their cash reserves into Bitcoin. Saylor also made some interesting revelations during his hour-long podcast interview with crypto evangelist Anthony Pompliano. Making

Business Intelligence Firm MicroStrategy created a massive buzz by announcing BTC purchase worth $425 million. Earlier this week, MicroStrategy CEO Michael Saylor disclosed how the company decided to pour almost half-a-billion dollar of their cash reserves into Bitcoin. Saylor also made some interesting revelations during his hour-long podcast interview with crypto evangelist Anthony Pompliano. Making

Bitcoin-bull-Microstrategy-Michael-Saylor
Bitcoin News
Bitcoin-bull-Microstrategy-Michael-Saylor
Bitcoin News

MicroStrategy CEO Michael Saylor Pumps Bitcoins Amidst Dave Portnoy’s Flip-Flop

Michael Saylor, the CEO of business intelligence firm MicroStrategy created a massive buzz earlier this week by announcing the purchase of 16,796 additional bitcoins worth $175 million. Saylor stormed the Bitcoin market revealing that MicroStrategy holds a total of 38,250 bitcoins for $425 million including all purchase costs. Saylor is really betting big on Bitcoin

Michael Saylor, the CEO of business intelligence firm MicroStrategy created a massive buzz earlier this week by announcing the purchase of 16,796 additional bitcoins worth $175 million. Saylor stormed the Bitcoin market revealing that MicroStrategy holds a total of 38,250 bitcoins for $425 million including all purchase costs. Saylor is really betting big on Bitcoin

bitcoin etheruem
Bitcoin News
bitcoin etheruem
Bitcoin News

Bitcoin – Ethereum Correlation Witnesses 6-Month Slump

Bitcoin is the undisputed leader and all the other crypto-assets closely follow its valuation. Ethereum [ETH] might be an independent asset with completely different reason d’être from that of Bitcoin, but at times, it also happens to mimic the latter’s price action. In the digital asset market, the king coin being the front runner and

Bitcoin is the undisputed leader and all the other crypto-assets closely follow its valuation. Ethereum [ETH] might be an independent asset with completely different reason d’être from that of Bitcoin, but at times, it also happens to mimic the latter’s price action. In the digital asset market, the king coin being the front runner and

Bakkt
Bitcoin News
Bakkt
Bitcoin News

Bakkt’s Bitcoin Futures Volume Reaches an ATH, Signaling Growth In Institutional Bitcoin Investment

Bitcoin’s consolidating price has proven to be a good sign for the traders to begin accumulating. This trend is also gaining strength among Institutional players as Bakkt noted record daily trading volumes.  Institutional investors and their interest in Bitcoin futures are driving growth on derivatives exchanges like the Chicago Mercantile Exchange and Bakkt. Interestingly, the

Bitcoin’s consolidating price has proven to be a good sign for the traders to begin accumulating. This trend is also gaining strength among Institutional players as Bakkt noted record daily trading volumes.  Institutional investors and their interest in Bitcoin futures are driving growth on derivatives exchanges like the Chicago Mercantile Exchange and Bakkt. Interestingly, the

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Bitcoin News
bitcoin
Bitcoin News

Bitcoin’s Active Address Count Nears ATH; Here’s What It Means

Bulls appeared to be favouring Bitcoin (BTC)’s price movement as it continued to ride high on the charts. The largest cryptocurrency by market cap breached a crucial resistance climbing all the way up to $10,869 after surging by more than 7% over the last two days.  Onchain Switches Bullish: Surging Active Addresses The uptrend seems

Bulls appeared to be favouring Bitcoin (BTC)’s price movement as it continued to ride high on the charts. The largest cryptocurrency by market cap breached a crucial resistance climbing all the way up to $10,869 after surging by more than 7% over the last two days.  Onchain Switches Bullish: Surging Active Addresses The uptrend seems

Bitcoin News
Bitcoin News

Bitcoin Spent Output Profit Ratio Shows Bull Market Signal

There are too many Bitcoin metrics to count, but one relatively unknown one is currently flashing a big buy signal, and it has been accurate many times before. The Bitcoin Spent Output Profit Ratio (SOPR) is a metric that determines the profit ratio of BTC moved on-chain. It is calculated from spent outputs with a

There are too many Bitcoin metrics to count, but one relatively unknown one is currently flashing a big buy signal, and it has been accurate many times before. The Bitcoin Spent Output Profit Ratio (SOPR) is a metric that determines the profit ratio of BTC moved on-chain. It is calculated from spent outputs with a

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Bitcoin News
bitcoin
Bitcoin News

Bitcoin Price Prediction: BTC Symmetrical Triangle Breakout Aiming For $11,200

Bitcoin bulls remain relentless in the fight for gains above $11,000 following triangle breakout. More upward price action awaits Bitcoin, especially if the resistance between $10,678 and $10,978 is flipped into support. Bitcoin sliced through the resistance at $10,600 on Monday during the American session. The breakout took place following a breather from the gains

Bitcoin bulls remain relentless in the fight for gains above $11,000 following triangle breakout. More upward price action awaits Bitcoin, especially if the resistance between $10,678 and $10,978 is flipped into support. Bitcoin sliced through the resistance at $10,600 on Monday during the American session. The breakout took place following a breather from the gains

bitcoin block stable block
Bitcoin News
bitcoin block stable block
Bitcoin News

Bitcoin’s Falling Price Pushes Traders In The Buying Zone

The Bitcoin market’s roller-coaster movement has left a majority of the community on the edge as its price fell on a 45-day low. Experts and traders in the industry had earlier expected the prices to climb to new records, however, the new immediate supports say otherwise. Despite the Bitcoin price fluctuations, an analysis of the

The Bitcoin market’s roller-coaster movement has left a majority of the community on the edge as its price fell on a 45-day low. Experts and traders in the industry had earlier expected the prices to climb to new records, however, the new immediate supports say otherwise. Despite the Bitcoin price fluctuations, an analysis of the

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Bitcoin News
bitcoin
Bitcoin News

Bitcoin’s Deflection To S2F Model Suggests An Undervalued Coin

The Bitcoin market along with the remaining spot is undergoing a seesaw-like movement. This has resulted in the undervaluation of Bitcoin, however, the digital asset was already set on the recovery path. Bitcoin price declined under $10.5k on 13 September, but like its previous trends, the market was currently recovering. The digital asset is being

The Bitcoin market along with the remaining spot is undergoing a seesaw-like movement. This has resulted in the undervaluation of Bitcoin, however, the digital asset was already set on the recovery path. Bitcoin price declined under $10.5k on 13 September, but like its previous trends, the market was currently recovering. The digital asset is being

bitcoin altcoins
Bitcoin News
bitcoin altcoins
Bitcoin News

Bitcoin Price Prediction: BTC free-falls from weekend highs, can the 50 SMA hold?

Bitcoin price fails to sustain the weekend breakout above $10,400, hitting a barrier at $10,600. BTC/USD continues to trend within the toughest seller congestion zone between $10,311 and $10,620 according to on-chain metrics. The flagship cryptocurrency briefly stepped above the stubborn resistance at $10,400 over the weekend where it traded very close to $10,600. Unfortunately,

Bitcoin price fails to sustain the weekend breakout above $10,400, hitting a barrier at $10,600. BTC/USD continues to trend within the toughest seller congestion zone between $10,311 and $10,620 according to on-chain metrics. The flagship cryptocurrency briefly stepped above the stubborn resistance at $10,400 over the weekend where it traded very close to $10,600. Unfortunately,

bitcoin p2p volumes
Bitcoin News
bitcoin p2p volumes
Bitcoin News

Bitcoin Price Analysis: BTC/USD Hunting For Explosive Breakout, Is $11,200 The Rendezvous?

Bitcoin price recovers slightly from a setback to $10,250 support; more upside expected in the near term. If Bitcoin flips the 50 SMA into support; a symmetrical triangle breakout could propel it to $11,200. Bitcoin price continues to trade in consolidation between the support at $10,000 and the resistance at $10,400. Following the initial breakdown

Bitcoin price recovers slightly from a setback to $10,250 support; more upside expected in the near term. If Bitcoin flips the 50 SMA into support; a symmetrical triangle breakout could propel it to $11,200. Bitcoin price continues to trade in consolidation between the support at $10,000 and the resistance at $10,400. Following the initial breakdown

ethereum bitcoin supply schedule fight
Bitcoin News
ethereum bitcoin supply schedule fight
Bitcoin News

 Bitcoin Technical Analysis: BTC Blasts Through Triangle Resistance, All Eyes On $10,800

Bitcoin bulls are working hard to nurture momentum above $10,300. BTC/USD is focused on climbing above $10,400 resistance and grinding to $10,800 after triangle breakout. Following Bitcoin price breakdown from levels marginally above $12,000, the flagship cryptocurrency has been stuck below $10,400. On the downside, $10,000 is mostly strong support but there are occasions where

Bitcoin bulls are working hard to nurture momentum above $10,300. BTC/USD is focused on climbing above $10,400 resistance and grinding to $10,800 after triangle breakout. Following Bitcoin price breakdown from levels marginally above $12,000, the flagship cryptocurrency has been stuck below $10,400. On the downside, $10,000 is mostly strong support but there are occasions where

bitcoin price
Bitcoin News
bitcoin price
Bitcoin News

Bitcoin Buying Pressure Increasing as Exchanges Hold More Stablecoins

Bitcoin may still be correcting from its 2020 high, but analytics indicate that there is still a lot of buying pressure and the bull run may not be over just yet. Bitcoin prices have been hovering around the $10,250 level for the past three days, down around 17% from their 2020 highs. A weekly candle

Bitcoin may still be correcting from its 2020 high, but analytics indicate that there is still a lot of buying pressure and the bull run may not be over just yet. Bitcoin prices have been hovering around the $10,250 level for the past three days, down around 17% from their 2020 highs. A weekly candle