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“# ‘Bullish year ahead’ — Bitcoin primed for Q1 2021 gains, strength index suggests ” The monthly relative strength index (RSI) of Bitcoin (BTC) shows the dominant cryptocurrency is primed for another rally. Is 2021 an ideal time for a Bitcoin rally? The RSI is a momentum indicator that measures whether an asset is overbought…
“# Redditor memes his way to $25K in Bitcoin profits ” A Reddit user by the name of Cryptorich13 has capitalized on the social media platform’s crypto reward system by converting his stash of free coins into Bitcoin (BTC). In a Sunday post, Cryptorich13 explained how he converted his 80,000 MOON reward for Bitcoin earlier this…
“# Cointelegraph Consulting: Dormant Bitcoin on the move as price volatility rises ” In a period filled with holidays, the cryptocurrency industry refused to take a day off. Strong market performances from Bitcoin (BTC) and some other high profile alt-coins like Ether (ETH,) was offset by the legal action against Ripple by the United States Securities and…
“# Bitcoin price rally cools down as Polkadot gains 34% in first week of ‘altseason’ ” Bitcoin (BTC) fell below $26,000 on Dec. 29 as fresh fallout from Ripple’s threatened U.S. lawsuit was felt throughout crypto markets. Cryptocurrency market overview. Source: Coin360 BTC price dips as Coinbase halts XRP trading Data from Cointelegraph Markets, Coin360…
“# Bitcoin whales are buying more aggressively since Christmas, data finds ” Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC. It is nearly impossible to segregate institutional investors from individual investors through on-chain data. However, the trend…
“# Price analysis 12/28: BTC, ETH, XRP, LTC, BCH, DOT, ADA, BNB, LINK, XLM ” Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic. Record liquidity has resulted in sharp rallies in the S&P 500, gold, and Bitcoin (BTC), which suggests…
“# Altseason and $30K in sight: 5 things to watch in Bitcoin as 2020 ends ” Bitcoin (BTC) has had a week like no other, hitting fresh record highs of $28,400 and staying near the top — what’s next. As markets return to digest a wild Christmas, Cointelegraph presents five factors set to help with…
“# Bitcoin whale clusters pinpoint key support level for the rally to continue ” Bitcoin (BTC) whale clusters show that the $23,409 level has become an area of focus for large traders. This indicates that the ongoing bull run is buoyed by whales continuing to accumulate above $23,000. Whale clusters form when whales purchase Bitcoin…
“# Top 5 cryptocurrencies to watch this week: BTC, LTC, BCH, XMR, THETA ” The supply and demand equation determines the price of an asset. In the past few months, the uptick in institutional demand for Bitcoin (BTC) has resulted in a strong bull run. This uptrend may continue until demand exceeds supply. On-chain data…
“# Bitcoin price crashes by 6.5% in minutes after hitting $28.4K sell wall ” Bitcoin (BTC) hit all-time highs of $28,400 before crashing thousands of dollars on Dec. 27 — the latest chapter in its Christmas trading frenzy. Cryptocurrency market overview. Source: Coin360 BTC price dips $1,900 in minutes Data from Cointelegraph Markets, Coin360 and…