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“# ‘A flood of money and credit’ — Ray Dalio new Bitcoin praise echoes MicroStrategy ” Bitcoin (BTC) can offer protection against the “depreciating value of money,” newly-bullish investor Ray Dalio says. In a Reddit “Ask Me Anything” session on Dec. 8, Dalio, who last month abandoned his skepticism of Bitcoin, said that the cryptocurrency…
“# $17K CME gap-fill looms after Bitcoin price closes below key moving average ” After spending the last few days trading in a tightening range, Bitcoin (BTC) price dropped from its pennant structure and closed below the 20-day moving average ($18,600). Crypto market daily price chart. Source: Coin360 Since topping out at $19,888 a number…
“# DeFi and NFT tokens rally higher as Bitcoin price drops below $19,000 ” Bitcoin (BTC) and other major altcoins are either stuck in a range or are witnessing a correction. However, that is not the case with the entire crypto space because a few tokens have been outperforming major cryptocurrencies by a considerable margin….
“# Citi downgrades MicroStrategy stock after bold Bitcoin bet ” Shares of MicroStrategy fell on Tuesday after Citibank reportedly downgraded the business intelligence firm over its “disproportionate” Bitcoin focus. Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says…
“# Bitcoin price short-term pullback is very possible for 4 key reasons ” The price of Bitcoin (BTC) is now stagnating below $19,000 after four failed attempts to break out of the $19,600 resistance level. In the near term, four factors suggest that a pullback is more likely than a clean breach of the all-time-high…
“# Big move brewing for Bitcoin as trading volume drops in December ” While Bitcoin (BTC) has seen a parabolic rally since September, the momentum has stagnated, with BTC/USD unable to break through the all-time high region. This BTC price level below $20,000 has been accompanied by diminishing volatility and volume, making it increasingly difficult…
“# Bitcoin price ‘bearish alert’ as 140K BTC from Mt. Gox may move for the first time ” Bitcoin (BTC) may see a fresh “bearish signal” in the coming days as the Mt. Gox saga enters its final and possibly expensive phase. As noted by on-chain analytics resource CryptoQuant on Dec. 8, defunct exchange Mt….
“# Bitcoin price risks losing ‘critical technical level’ as stocks under pressure ” U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, theBitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView COVID-19…
“# Bulls eye the $19.5K resistance but low volume keeps Bitcoin price sideways ” As mentioned by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price spent the weekend consolidating within a bull pennant and the breakout to $19,418 was quickly stamped out by overhead resistance. After retouching the pennant trendline, the price gave way, falling below the…
“# Key Bitcoin futures metrics show traders are bullish despite flat BTC price ” Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since…