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“# Here’s how Bitcoin options traders might prepare for a BTC ETF approval ” Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the…
“# Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA ” There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September. Bybit data shows…
“# Betting on a Bitcoin bull run? Not in September, BTC price data says ” Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month. Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures….
“# Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K ” Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000. Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000-10,000 BTC. So, based on their…
“# Is the time right for $50K BTC? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000. After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now? Despite…
“# SOL burn? Solana price hits $100 for the first time after mysterious ‘Ignition’ event revealed ” Solana (SOL) prices rose on Aug. 30 as traders speculated on what appeared to be a key but mysterious feature launch later this week. The SOL/USD exchange rate climbed to a new record high of $103.06 following a…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, LUNA, VET, XTZ ” On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job…
“# Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data ” The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about…
“# Bitcoin’s key momentum metric just flashed bearish with BTC price pinned under $50K ” The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the…
“# Bitcoin in line for ‘phenomenal’ weekly close if BTC price holds $49K ” Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $49,300 on the weekly chart Data from Cointelegraph Markets Pro and TradingView showed…