Tag: BTC

Cathie Wood Reiterates $500K Bitcoin Call, Reveals Ethereum Rebalancing

Ark Invest’s chief executive officer and chief investment office Cathie Wood, is backing up her bold claim that Bitcoin will reach $500,000. In the same interview, Wood revealed her firm’s increasing confidence in Ethereum following the 2.0 update, along with potential plans to rebalance between the two top cryptocurrencies. Ark Invest’s Cathie Wood On Rebalancing…
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09/14/2021 0

TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $46K

Bitcoin price is facing hurdles near the $46,000 zone against the US Dollar. BTC could start a major decline if it continues to struggle near the $46,000 zone. Bitcoin is facing a major resistance near $45,600 and $46,200 levels. The price is now trading below $45,500 and the 100 hourly simple moving average. There is…
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09/13/2021 0

Forget Walmart, Here’s The Real Reason Why Bitcoin Crashed

Just another Monday for Bitcoin as the market rallied and immediately crashed over a fake Litecoin partnership with Walmart. BTC’s price turned green quickly after as it came out of a sideways weekend. At the time of writing, Bitcoin and other major cryptocurrencies record small losses. BTC’s price trades at $44,669 with a 2.5% and…
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09/13/2021 0

Bitcoin Exchange Reserves Lowest In 3 Years, What Does It Mean For The Price?

On-chain data shows Bitcoin exchange reserves have hit the lowest value in 3 years, here’s what it might mean for BTC’s price. Bitcoin Exchange Reserves Lowest In 3 Years As Negative Netflows Continue As pointed out by a CryptoQuant post, exchange reserves have been continuing their downtrend, and have now reached lows not seen since…
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09/13/2021 0

Return of Darth Maul: Bitcoin Price Pumps And Dumps In 5% Shakeout

Bitcoin price today has been more volatile than normal, and that’s a statement in and of itself. The normally notoriously explosive cryptocurrency rocketed more than $2,000 and nearly 5% this morning, only to then plummet and wipe out the entire rally and then some. The fall took the cryptocurrency down by more than 7% and…
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09/13/2021 0

TA: Bitcoin Struggles Below $46K, What Could Trigger Nasty Decline

Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average.…
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09/12/2021 0

U.K. Post Office Now Allows Users Purchase Bitcoin Through Its App

Bitcoin adoption is indeed ramping up in recent months. From retail outlets announcing users can checkout using their bitcoins to El Salvador officially accepting bitcoin as a legal tender, there is no doubt that bitcoin is headed for mainstream adoption. Coming hot on the heels of recent news of adoption is a peculiar situation with…
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09/10/2021 0

Indicators Show Bitcoin Might Be Gearing Up For One Last Push Up

Some Bitcoin indicators show similarities between the post-ATH price action and current trend, implying that there will be one last push up before a bigger drop. Indicators Might Show Today’s Price Action Is Similar To That After $64.5k ATH As explained by a CryptoQuant analyst, there seem to be many similarities between the Bitcoin indicators…
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09/10/2021 0

TA: Bitcoin Stable Above $46K, Why $48K Holds The Key In Near Term

Bitcoin price is consolidating above the $46,000 zone against the US Dollar. BTC is must clear $47,500 and $48,000 to start a steady increase in the near term. Bitcoin is facing a major resistance near $47,500 and $48,000 levels. The price is still trading well below $48,000 and the 100 hourly simple moving average. There…
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09/09/2021 0

Why This Investor Fled His Bitcoin Position, Should You Do The Same?

Bitcoin has been moving sideways in the past day after a 20% dropped at the start of the week. The first cryptocurrency by market was showing strong conviction to the upside, but ultimately the excessive greed in the market could have played against the bulls. At the time of writing, Bitcoin trades at $46,875 with…
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09/09/2021 0

Bitcoin Price “Pitchfork Channel” Could Pin-Point The Last Dip Ever

After this week’s flash crash in Bitcoin and altcoins, sentiment is back to being bearish just like that. Bears are taking an “I told ya so” tone all over social media, pointing to early 2018’s “dead cat bounce” as evidence of the bear market to come. But according to a pitchfork channel tool drawn across…
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09/09/2021 0

Bitcoin On-Chain Data Reveals Why This Selloff Is Different From May’s Crash

Bitcoin on-chain data shows the exchange reserve indicator looks different for the current selloff when compared to the May crash. Bitcoin Spot Exchange Reserve Continues To Decline Despite The Huge Dip As pointed out by a CryptoQuant post, the BTC reserve on spot exchanges has actually declined amidst the current price dip. The Bitcoin all…
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09/09/2021 0

The September Curse And How It’s Preparing Bitcoin For Another Rally

Bitcoin has suffered heavy losses along with most of the crypto market following the flash crash that happened on El Salvador’s “Bitcoin Day”. The digital asset has been trying to recover from this loss since it occurred two days ago on September 7th. Part of the cause of the crash has been attributed to a…
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09/09/2021 0