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“# Bitcoin whale clusters signal $14.9K is the crucial level for BTC to hold ” New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not…
“# Data show traders neither bullish nor bearish over sub-$15.5K Bitcoin price ” Typically, traders become skeptical after Bitcoin (BTC) “completes” a strong performance like the stellar move from $12,000 to $15,950 seen over the past few weeks. The 35% gain over the past 30 days led some traders to conclude that BTC is over-extended…
“# Bitcoin Cash hits record lows vs. Bitcoin days before hard fork ” Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, with Bitcoin Cash (BCH) hitting new all-time lows. Data from Cointelegraph Markets and other sources shows that as of Nov. 10, BCH is worth less in BTC terms than ever before….
“# $18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base ” As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. Bitcoin market…
“# Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV ” Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow. <p>Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to…
“# 3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800 ” The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just five hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. This massive spike in volatility was likely caused by three major factors. The…
“# Bitcoin dumps on news of successful COVID-19 vaccine trials ” Bitcoin (BTC) fell sharply in price this morning as pharmaceutical company Pfizer, in collaboration with biotech company BioNTech, announced a breakthrough in its COVID-19 vaccine. Bitcoin fell approximately $1,000, over 6%, between 12:00 pm and 3:00 pm UTC today on the vaccine news, from…
“# Why a 30% Bitcoin price crash should not catch you off-guard right now ” The Bitcoin (BTC) price rally halted the moment Joe Biden was announced as the projected winner of the 2020 presidential election during the weekend with price dropping from $15,500 to $14,400. However, Bitcoin is still continuously showing strength as it’s…
“# Silicon Valley and ‘smart money’ are behind this Bitcoin rally, data suggests ” Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the…
“# S2F creator has ‘no doubt’ Bitcoin will hit $100K by December 2021 ” PlanB, the creator of the stock-to-flow (S2F) model, reiterated on Nov. 8 that Bitcoin (BTC) is well on its way to hit $100,000. The pseudonymous analyst expects the dominant cryptocurrency to achieve the $100,000 to $288,000 range by December 2021. Bitcoin…