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“# Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K ” Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in…
“# Bitcoin spring? Wyckoff ‘groundhog’ indicates crypto winter may last another 6 weeks ” The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be…
“# Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K ” A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator. RSI forming higher lows Dubbed as Relative Strength Index, or RSI, the indicator measures the…
“# 44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey ” Throughout Bitcoin’s historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to understand…
“# $200M hedge fund pauses crypto arbitrage trading amid market downturn ” Crypto hedge fund Nickel Digital Asset Management cycled into a cash position following the crypto market collapse of May. According to Bloomberg, the $200 million crypto hedge fund led by JPMorgan and Goldman Sachs alumni redeployed its capital in anticipation of another explosive price…
“# Bitcoin bounces at key range amid hope BTC price will avoid ‘big nuke’ ” Bitcoin (BTC) retained a key support area on July 2 as bidders stepped in to avert another test of $30,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “Leg down” vs. “big nuke” Data from Cointelegraph Markets Pro and TradingView showed…
“# Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms ” Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in…
“# ‘Negative’ Bitcoin daily chart means bulls must defend $29K — Peter Brandt ” Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned…
“# Elon Musk’s latest attempt to pump Dogecoin fails miserably ” Dogecoin (DOGE) prices surged but did not skyrocket after receiving another endorsement from Elon Musk on Twitter this Thursday morning. The billionaire entrepreneur published a tweet at around 0843 UTC—a Godfather meme that showed Marlon Brando’s iconic character, Don Vito Corleone, with a text…
“# Bitcoin posts third monthly red candle with Stock-to-Flow price model echoing early 2019 ” Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from…