March 29, 2020 Bitcoin Rallied 80% Without Any Gov’t Bailout: Time to Get Bullish? Bitcoin doesn’t brrr money to succeed, so it could be the best time to buy as several price indicators are suggesting the BTC price bottom may be close. The Bitcoin (BTC) price remained relatively sideways last week and not once did it test resistance or support of the descending channel identified in last week's analysis. As…
March 28, 2020 Bitcoins on the Move — Is BTC Price Inversely Correlated to Mempool Size? The relationship between Bitcoin price and its mempool size was negative in most scenarios where BTC lost more than 20%. After making a strong recovery from $3,775 to $6,450, Bitcoin’s (BTC) price has traded in a tight range which has seen the price struggle to push above resistance at $6,400 and $6,850.…
March 26, 2020 Is Bitcoin a Safe Haven? 80% BTC Price Recovery Boosts Investor Appeal Sentiment analysis and week-to-date returns show investors’ confidence in the ‘Bitcoin is a safe-haven’ narrative as the correlation between both assets suggests future uncertainty. This week, as a $2 trillion economic stimulus package was put forth by U.S.…
March 26, 2020 XRP Price Set for Big 40% Drop as Bitcoin’s Dominance Climbs Higher XRP price shows a bearish trend remains intact as another massive drop could occur if the current key support level is broken. Bitcoin (BTC) has been showing strength recently, as the price surged from $3,750 to $6,650 in a matter of one week.…
March 26, 2020 Rising Wedge Breakdown Threatens $7K Bitcoin Price Target Bitcoin bulls continue to charge toward $7,000 but resistance at $6,970 and the possibility of a rising wedge breakdown are weighing on momentum. On Wednesday Bitcoin (BTC) price surged higher alongside traditional markets which were likely propelled by the Senate’s approval of the $2 trillion economic stimulus bill aimed at providing relief to businesses and workers impacted by the coronavirus pandemic.…
March 23, 2020 ‘Unlimited QE’ Pumps Bitcoin but BTC Price Remains Bearish Below $6.8K Bitcoin has rebounded back above $6,000 as the Federal Reserve announced it will inject more money into the economy to curb fallout from coronavirus. The United States Federal Reserve announced a barrage of programs aimed to help the markets, with no limit.…
March 22, 2020 Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows Bitcoin price continues to be negatively impacted by the Coronavirus pandemic but traders can prepare by watching for these important bullish and bearish signals. As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable.…
March 22, 2020 After BitMEX Meltdown, Should Shorting Be Banned on Crypto Exchanges? Bitcoin’s recent 50% drop and the issues traders experienced at BitMEX have led to a discussion on whether shorting should be banned by crypto exchanges. Bitcoin’s (BTC) rapid 50% price drop in the wake of Coronavirus concerns aroused chatter around banning the ability for traders to assume short positions in cryptocurrency markets.…
March 22, 2020 Did BTC Miners Crash Bitcoin Price With 51 Days Before the Halving? As Bitcoin price recovers from Black Thursday, is the worse behind us? Or is there more pain ahead as the global economy comes to grips with the coronavirus? Bitcoin (BTC) price has started to show strength in its recovery since the black Thursday selloff this past week, but is this something we can expect to continue?…
March 21, 2020 Bye $7K? Bitcoin Price Pull-Back Likely After Impressive 80% Rebound Bitcoin price has seen an impressive rebound in the past week of over 80% since its recent low, but is the bounce now over? It has been a tremendous week for Bitcoin (BTC), as the price of Bitcoin rebounded from $3,800 to $6,800.…
March 20, 2020 Bitcoin Price Drops $1,000 as Stocks Plummet — Bulls Quickly Buy the Dip Bitcoin price swiftly dropped by $1,000 as equities markets closed the week in the red but bulls bought the dip and quickly reclaimed $6,000. Today as the closing bell rang at Wall Street, Bitcoin (BTC) price corrected sharply, pulling back below $6,000 less than 24-hours after hitting a 7-day high at $6,900.…
March 19, 2020 Decoupling? Bitcoin Price Up 40% Since Last Week, Stocks Not So Much Bitcoin price rallied 18% after breaking through the $5,500 resistance to set a daily high at $6,359. Bitcoin (BTC) price rallied above the $5,500 resistance on March 19, overtaking $6,000 as the digital asset stampeded to $6,359.…
