Category: Analysis
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$1.6 billion: recent Bitcoin volatility liquidates billions, sends open interest reeling
It’s no secret that 2020 has been a crazy year for the crypto markets, with Bitcoin incurring an intense and unwavering uptrend throughout January and February, before erasing all of these gains and nearing its 2018 lows in a sharp movement seen on March 12th. Data now shows just how significant this movement was, with…
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Analyst: this simple Ethereum structure point towards a quick recovery to $200
The Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart.…
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Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why
It would be fair to say that Bitcoin didn’t perform too well in March. For those who have been living under a rock, the cryptocurrency shed more than 50 percent of its value on Mar. 12 and 13, plunging from a price just shy of $8,000 to lows at $3,800 in a dramatic fashion, liquidating…
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Model that predicts 1,300% Bitcoin price rally after halving “fortified” by new report
If you have followed the Bitcoin market for any stretch of time, you likely know of PlanB, a pseudonymous quantitative analyst that has garnered immense clout in the crypto-asset space. His claim to fame is an econometric model predicting a $100,000 Bitcoin price in the coming years. While many have laughed off this predicted price…
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Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow
One of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about the subject and the article…
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Here’s why Basic Attention Token’s on-chain metrics are exploding as Gemini prepares listing
Gemini announced that it will be listing Basic Attention Token to its retail platform for U.S. cryptocurrency investors. Following the announcement, on-chain went through the roof. Gemini to list Basic Attention Token In a recent blog post, Gemini, a New York-based regulated cryptocurrency exchange, wallet and custodian, revealed that it will be adding Basic Attention…
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Data metrics surrounding Bitcoin’s miner dynamics all point to a long-term bottom
Ever since Bitcoin’s capitulatory drop to lows of $3,800 seen in mid-March, investors and analysts alike have all been attentively watching for signs that these lows will ultimately mark a long-term bottom. The benchmark cryptocurrency’s strong rebound from these lows has certainly been a positive sign that bolsters the theory that BTC won’t dip below…
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Institutional money flooded into Bitcoin before $7,000 rally, data shows
Bitcoin saw a notable price surge late-last week that allowed it to surmount the resistance it was facing at $7,000 and run to highs of $7,300, which is the point at which it lost its momentum and incurred a notable rejection. Although this movement proved to be fleeting, data seems to elucidate an interesting trend,…
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Here’s why this grim monetary trend may be highly bullish for Bitcoin
The events occurring throughout the early-part of 2020 have rattled the global economy, with mounting COVID-19 infection rates and soaring unemployment damaging all major markets – ranging from stocks and commodities to cryptocurrencies like Bitcoin. The actions taken by central banks across the globe – but especially those by the U.S. Federal Reserve – have…
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Analyst: Ethereum is now “Bitcoin’s backbone” and big money is taking notice
There’s no doubt that Ethereum is an integral piece of the crypto market, with the massive amount of Dapps and platforms being built upon its blockchain accounting for important infrastructure within the industry. Ethereum’s importance has only increased in recent times alongside the growing Decentralized Finance (DeFi) trend that has swept through the industry, attracting…