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“# Trump vs. Biden: $4K gold target as Brandt eyes Bitcoin ‘big buy signal’ ” Gold will gain regardless of whether Donald Trump or Joe Biden wins the election, one analyst says as Bitcoin (BTC) targets $11,000. In an interview with the media division of precious metals giant Kitco on Oct. 7, Frank Holmes, CEO…
“# 3 key indicators suggest Bitcoin price is preparing to retest $11,000 ” The price of Bitcoin (BTC) is nearing $11,000 once again after a shaky start to October. Last week BTC fell below $10,500 but on Oct. 9 the price swifty recovered to $10,940. In the short term, there are three factors that could…
“# A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’ ” A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides a very optimistic forecast for Bitcoin, claiming that a year from now we should see price…
“# Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops ” Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to…
“# Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next? ” The number of Institutional investors stepping in to Bitcoin continues to increase and this appears to be inspiring some newfound confidence in Bitcoin price. Just today Square announced that it had purchased 4,709 Bitcoin (BTC) for $50 million. Square is not…
“# Key Bitcoin price metric at 10 week low after traders close long positions ” October has barely started and the price action in the crypto markets has been both exciting and worrisome. Bitcoin (BTC) has seen a strong $10.9K rejection and a quick $10.2K bottom over the past week. The whipsaw price action has…