Category: Analysis
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Analysts believe Bitcoin may see months of consolidation despite investors’ “extreme fear”
Bitcoin saw a relatively sharp decline late-yesterday that marked a bearish resolution to its multi-day bout of sideways trading within the upper-$6,000 region. This downwards movement has come about during a time of immense fear amongst cryptocurrency investors and has further compounded this uncertainty – leading the benchmark crypto’s fear and greed index to hit…
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Keep it vs. leave it: Why Binance delisting leveraged crypto assets has users divided
Binance, the world’s largest crypto exchange, has decided to delist leverage crypto tokens from its platform. The decision led to mixed reactions from users; some supportive and others wanting the leverage tokens to remain on Binance. What are leveraged crypto tokens and why is Binance delisting them? On futures exchanges like Binance Futures, FTX, Bybit,…
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Economist: Here’s how one Bitcoin call option could provide a 2,100% ROI by 2021
One economist is now noting that one simple trading strategy could provide Bitcoin believers who are receiving a $1,200 cash payout from the U.S. government’s newly passed stimulus bill with a way to maximize their money. This strategy is only effective for those who anticipate Bitcoin to climb higher by the end of the year,…
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Trading veteran says Bitcoin could be in “big trouble” if it doesn’t rally
Prominent analysts believe that Bitcoin’s fate will depend on how it performs during the ongoing financial crisis, but on-chain metrics reveal that there is significant resistance ahead. Bitcoin is on the verge of failure Many are wondering what is going to happen to Bitcoin now that President Donald Trump signed into law a historic $2…
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Forget crypto: Kiyosaki says the stock market is “manipulated”
[youtube https://www.youtube.com/watch?v=wNQnnLqFpkM&w=560&h=349] The crypto market has been relatively stable in the last four days. The Bitcoin price has generally been moving in between a five percent range, showing an unusually low level of volatility. In contrast, the U.S. stock market has demonstrated extremely large swings, moving by three to six percent on a daily basis…
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Several key metrics suggest that Bitcoin could be preparing for a power move
Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since…
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Why the Federal Reserve’s balance sheet exploding past $5 trillion is bullish for Bitcoin
Despite dramatic measures taken to stem the spread of the coronavirus, it has continued to wreak havoc on the Western world, continuing to sweep across the U.S. and Europe while shutting down thousands of businesses and forcing millions out of work. As a result, the Federal Reserve has had to pull out all the stops…
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Yesterday’s stock market rally leaves Bitcoin in the dust as critics rejoice
The U.S. stock market has had a great past few days, with all of the benchmark indices rallying as bulls attempt to establish a long-term bottom. Bitcoin has only been able to catch a portion of this momentum, however, as the cryptocurrency is currently facing insurmountable resistance just below $7,000. Bitcoin’s lack of momentum against…