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“# BTC price hits $38K as Bitcoin analysts focus on weekly close ” Bitcoin (BTC) staged new retests of $38,000 resistance on Jan. 26 as optimism increased over a potential recovery to $40,000 and higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next stop a $40,000 retest? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD…
“# Bitcoin pundits split over BTC floor as Bloomberg analyst eyes bounce ” Bitcoin (BTC) could still fall under $30,000, but some prominent sources are already calling the end of the latest bearish turn on BTC/USD. In a tweet on Jan. 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, eyed Bitcoin’s position relative to…
“# NFL star’s massive tax bill highlights problems with BTC salaries ” NFL Star Odell Beckham Jr’s (OBJ) decision to take his $750,000 salary in Bitcoin appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is…
“# Bitcoin hits $37.5K, stocks recoup losses ahead of Wednesday’s FOMC statement ” The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of briefly Bitcoin (BTC) climbed to $37,500 as stock markets staged a midday rally that recovered most of the losses from Jan….
“# Is the bottom in? Data shows Bitcoin derivatives entering the ‘capitulation’ zone ” Analysts love to issue price predictions and it seems that 9 out of 10 times they are wrong. For example, how many times did analysts say “we will never see Bitcoin back at X price again,” only to see it plunge…
“# Bitcoin holds onto 10% gains ahead of crucial Fed rate hike comments ” Bitcoin (BTC) held onto fresh upside on Tuesday after a resurgent stock market took the largest cryptocurrency above $37,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView. Fed may spark fresh volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above…
“# McDonald’s jumps on Bitcoin memewagon, Crypto Twitter responds ” Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant McDonald’s — the brand infamously linked with temporary Bitcoin (BTC) market crashes. BTC price saw a steady downfall ever since…
“# ‘Stop panic selling’ — Bitcoin whales bag spare BTC as exchange balances fall ” Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers. Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their…
“# Boom or bust? Is there a way for Bitcoin price to hit $100K in 2022? ” The internet is filled with Bitcoin (BTC) price forecasts. For example, some analysts believe that the flagship crypto will hit $1 million per coin in the next 10 years, while others think BTC price will eventually drop to…
“# Analysts say Bitcoin’s bounce at $36K means ‘it’s time to start thinking about a bottom’ ” Bears remain in full control of the cryptocurrency market on Jan. 24 and to the shock of many, they managed to pound the price of Bitcoin (BTC) to a multi-month low at $32,967 during early trading hours. This…