Tags : Suggests

Bitcoin

Technical Signal Suggests Gold Is Ready For Revenge Against Bitcoin

The digital gold narrative and fears of hyperinflation looming as the economy weakens and more fiat money is printed, has driven Bitcoin to incredible heights and done so quickly. But considering the cryptocurrency’s history of frightening drawdowns, things could turn at a moment’s notice. One sign that Bitcoin could soon be in some trouble comes […]Read More

Bitcoin

Bitcoin Bull Flag Suggests Price Will Explode Beyond $70,000

A classic technical indicator suggests that Bitcoin, the world’s leading cryptocurrency by market cap, would become more valuable than it already is. $70,000 Next? Dubbed as Bull Flag, the chart pattern forms when an asset consolidates downwards for a brief period after undergoing a massive price surge. It looks like a downside-sloping channel, denoted by […]Read More

Bitcoin

A Decrease In Bitcoin Whales Suggests A Bear Market Is

Bitcoin price is sinking slowly from highs set over a week ago now, and bullish momentum is showing signs of waning. The peak of the bull market isn’t expected by most analysts for some time, however, a sizable reduction in BTC wallets with a balance of 1K or more coins, could be signaling a bear […]Read More

Bitcoin

Bitcoin may suffer several corrections on its way to $200k,

Peter Brandt, veteran trader and author of “Diary of a Professional Commodity Trader,” pointed out that while Bitcoin’s (BTC) price could reach $200,000, history shows that it’s prone to massive corrections of 30% or more. “In the 2015-2017 bull market in $BTC, there were nine corrections exceeding 30%. Since the Mar 2020 low, there has […]Read More

Bitcoin

Data Suggests Whales are Keen on Protecting One Key Bitcoin

Bitcoin has seen some choppy price action throughout the past couple of days, with buyers and sellers largely reaching an impasse Following a swift overnight decline, Bitcoin has posted a strong rebound that has allowed it to surge back to $36,000 Where it trends next will undoubtedly depend on whether or not buyers can flip […]Read More