Category: Analysis

After plunging as low as $17,600 in the middle of last week, Bitcoin has entered an uptrend. The coin currently trades for $19,200 as of this article’s writing, though moved as high as $19,400 just hours ago. This is the highest Bitcoin has traded in approximately one week. Chart of BTC’s price action over the…

The correlation between Bitcoin (BTC) and the S&P 500 reached a 10-month low, according to Santiment. Historically, this has been a bullish sign for the dominant cryptocurrency. A low correlation with the S&P 500 is an optimistic factor for Bitcoin because it means BTC is not trailing the broader risk-on market. Analysts at Santiment said:…

The correlation between Bitcoin (BTC) and the S&P 500 reached a 10-month low, according to Santiment. Historically, this has been a bullish sign for the dominant cryptocurrency. A low correlation with the S&P 500 is an optimistic factor for Bitcoin because it means BTC is not trailing the broader risk-on market. Analysts at Santiment said:…

From a technical perspective, Bitcoin is bearish, according to many traders. On-chain trends, which show that miners and other large players have begun to liquidate their holds, have also begun to show that there is reason to believe Bitcoin may retrace. But multiple analysts have commented that there’s a crucial reason why they’re hesitant to…

Bitcoin has stagnated over the past few days after peaking at $19,950 at the start of December. It currently trades for $18,200, stuck in a consolidation range between $18,000 and $19,500. Chart of BTC’s price action over the past six days. Source: BTCUSD from TradingView.com Some have begun to fear a correction due to technical…