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“# Ray Dalio believes nations will outlaw Bitcoin if BTC price keeps rising ” Ray Dalio, the billionaire hedge fund legend, doesn’t see digital currencies like Bitcoin (BTC) succeeding the way other people do. He expects authorities to clamp down on cryptocurrencies when they see “material” growth. The daily chart of Bitcoin dating back to…
“# 3 reasons Bitcoin price just hit $16,000 for the first time since 2017 ” The price of Bitcoin (BTC) surged past $16,000 today, Nov. 12, for the first time in nearly three years. The momentum of the dominant cryptocurrency is strengthening due to three key major factors. The main catalysts behind BTC’s rally are…
“# Bitcoin price peak in December 2021 as ‘main bull run’ begins — Willy Woo ” Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes. In one of many recent Twitter discussions on Nov. 11, the…
“# Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry ” On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes…
“# Fund execs offer $1M bets that Bitcoin’s S2F model won’t come true ” Chief investment officer of crypto hedge fund Arcane Assets Eric Wall has offered a $1 million bet that the Bitcoin stock-to-flow model will be proven false before 2025. In a Nov. 12 tweet to his 32,700 followers, Wall laid out the…
“# Price analysis 11/11: BTC, ETH, XRP, LINK, BCH, BNB, DOT, LTC, ADA, BSV ” Bitcoin and several altcoins are showing signs of breaking above their overhead resistance levels, which suggests bulls remain in control. <p>Billionaire investor Stanley Druckenmiller became the latest famous name to disclose a Bitcoin position. Although Druckenmiller did not specify the…
“# Bitcoin monthly candle close signals possible mega rally in December ” Historically, when a Bitcoin monthly candle closes above previous candles the digital asset has seen a prolonged rally. Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first time since 2017. Furthermore, the dominant cryptocurrency has…
“# Bitcoin burgernomics: This is how many Big Macs you can buy with 1 BTC ” Measured in Big Macs, Bitcoin’s (BTC) purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of the digital currency’s rapid appreciation. The global Bitcoin purchasing power index, or PPI, which measures how…
“# Bitcoin price reclaims $15.5K after whales sell the most BTC since March ” The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In the past cycles, the dominant cryptocurrency typically rallied after a sell-off from whales. On March 12, for instance, the…
“# Sideways Bitcoin price allows DeFi, Ethereum, and altcoins to rally higher ” For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support. A positive is BTC continues to make higher lows and at the time of writing the price…