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“# Bloomberg report calls Bitcoin ‘refreshed and discounted’ as BTC price bounces at $36K ” Bitcoin (BTC) bounced off a predicted floor on June 4 as the dust settled on the latest market collision with Elon Musk. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoiners poke fun at Musk’s “break-up” Data from Cointelegraph Markets Pro…
“# Bitcoin price slumps $2K on Musk’s ‘in the end’ tweets ” Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. The Bitcoin…
“# Here’s 3 ways the relative strength index (RSI) can be used as a sell signal ” A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they keep holding on to…
“# ‘Discounted’ Bitcoin more likely to hit $100K than $20K in 2021, says Bloomberg analyst ” Despite a massive drawdown in May, the Bitcoin (BTC) bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000, according to Mike McGlone, Bloomberg’s senior commodity strategist. $20K or $100K in…
“# AMC ‘meme stock’ frenzy may spill over to crypto as Bitcoin metric nears buy zone ” Bitcoin (BTC) is slowly but surely preparing to flash “buy,” a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle. In its latest report on June 3, Stack Funds highlighted the Puell Multiple nearing…
“# Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust? ” There is a reason why Grayscale Bitcoin Trust (GBTC) emerged as a benchmark to measure institutional interest in Bitcoin (BTC). Grayscale no longer the only option for investors The digital currency investment product was among the only ones that offered hedge funds,…
“# Bitcoin nears $40K amid warning BTC price will correct before bull market resumes ” BItcoin (BTC) edged closer to $40,000 on June 3 as bulls gathered increasing signals that the bottom is in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD to $36,000 next? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining…
“# Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom’ ” The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2. A bit of a breakout in the price of Ether (ETH) and Bitcoin (BTC) may have…
“# Market makers in ‘fear mode’ ahead of Friday’s $575M Bitcoin options expiry ” On June 4, a total of 15,530 Bitcoin (BTC) options are set to expire, which represents $575 million in open interest. At the moment, bulls are still heavily impacted by May’s 37% BTC price correction, and this has led most call…
“# Altcoins and DeFi tokens breakout as Bitcoin price nears a key resistance ” Weary cryptocurrency traders awoke to the sight of green in the markets on May 2 as bulls managed to bid the price of Bitcoin (BTC) above the crucial ‘line in the sand’ resistance at $37,500, while Ether (ETH) briefly traded at…