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“# Bitcoin returns to $1T asset as BTC price blasts to $55K ” Bitcoin (BTC) surged even higher on Oct. 6 as spot price saw a sudden surge upward to over $55,000, its highest since May 12. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fully cancels out China mining rout Data from Cointelegraph Markets…
“# ‘Large pump’ coming to Bitcoin, hints BTC price metric — But maybe not until December ” Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years. In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev…
“# Bitcoin price pushes through $51K, extending bulls’ short-term target to $56K ” The early morning momentum that pushed Bitcoin (BTC) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC up near the $51,900. Data from Cointelegraph Markets Pro and TradingView shows…
“# Bitcoin price is back at $50K, but exactly how ‘bullish’ are the bulls? ” Cryptocurrency markets rallied 12.5% over the past seven days to reach a $2.44 trillion market capitalization. However, that move doesn’t seem to be inspiring confidence because the same level was tested 16 days ago when a 27% retrace followed ether’s…
“# Traders pile into altcoins after Bitcoin bulls take hold of $50K ” Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft disputed level. The strength seen in BTC has also helped kickstart momentum in the altcoins and at the time of writing, several tokens are…
“# $50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level ” Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay. In a tweet on Oct. 5, popular trader and analyst Rekt Capital described the most recent…
“# The long game: Institutional interest in crypto is just getting started ” The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative low of $1.75 trillion on Sept. 20, only to make a strong comeback….
“# Bitcoin taps $50K for first time in one month amid heavy BTC price volatility ” Bitcoin (BTC) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price hits one-month high Data from Cointelegraph Markets Pro and…
“# Bitcoin beats stocks, commodities to best performing asset of 2021 ” Bitcoin (BTC) is officially the best performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%. Bitcoin hodlers up 49% year-to-date Despite Bitcoin’s wild…
“# These 3 indicators flashed bullish ahead of the recent Bitcoin price pump ” In stock markets and the crypto sector, traders are always looking for a definite reason to explain an asset’s price action, which means it’s important to stress that correlation doesn’t imply causation. While it may be easy to connect a regulatory…