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“# JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’ ” JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets. JP Morgan, from “Bitcoin is a fraud…
“# Bitcoin price will ‘bolt higher’ if Biden wins, rise slower with Trump — Max Keiser ” Cointelegraph Markets: Paul Tudor Jones. Did his investment into Bitcoin spark a new bull cycle? Max Keiser: First, we need to go back to the Genesis Block and understand that everything that has happened and will ever happen with Bitcoin…
“# Bitcoin whale clusters pinpoint 3 key levels for BTC price rally to continue ” According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas. In previous cycles,…
“# Price analysis 10/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV ” Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices. <p>PayPal’s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions…
“# Institutional frenzy: CME becomes 2nd biggest Bitcoin futures market ” The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of the cryptocurrency market. On Oct. 10, Skew reported that the CME…
“# 3 key metrics and disinterest from pro traders hint at Bitcoin price sell-off ” For novice traders, FOMO can be a heavy burden to bear. Resisting the urge to buy Bitcoin (BTC) after a nearly 15% rally, which saw the price break both the $12K and $13K levels in less than 24 hours, is…
“# PayPal’s crypto integration means Bitcoin could triple its user base ” Bitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near $13,100, Bitcoin price has rallied nearly 10% since the announcement and BTC is…
“# Top traders say Bitcoin log chart points to a 2017-style BTC bull run ” Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin’s strong performance. BTC/USD 1-month chart. Source: TradingView The strong high time frame technical structure of BTC, especially the weekly chart, and…
“# Bitcoin now has a 7% chance of beating $20K highs in the next 2 months ” Bitcoin (BTC) has a 7% probability of beating its $20,000 all-time highs by the end of this year, data shows. According to data from on-chain analytics resource Skew, as of Oct. 22, Bitcoin options were moving in favor…
“# Bitcoin top signal from 2017 reappears, but here’s why it may not matter this time ” In 2017, the price of Bitcoin (BTC) reached as high as $20,000 and crashed rapidly. Now the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time around, the ongoing…