Bitcoin price is undoubtedly in a bull market hitting $16,000 for the first time in years, but a correction may be in order as euphoria is setting in. Bitcoin (BTC) is still showing strength with multiple attempts to break through $16,000 on Nov. 12. A new yearly high was established throughout the day with BTC […]
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Comparisons with 2017 seem to be ill-advised for now. This week definitely feels calmer, more positive than the last. And there’s good reason to be optimistic for DeFi bulls too, as the market posted a decent recovery since my last newsletter. People are calling it a “blue chip” rally, which means that it’s household names […]
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A rebound in Bitcoin’s relative strength index echoes early 2017, prior to months of upward price action to all-time highs of $20,000. Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes. In one of many recent […]
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Even as $525 million in Bitcoin options expire on Friday, bulls are expected to strongly defend the $15.5K level. On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat […]
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Bitcoin and several altcoins are showing signs of breaking above their overhead resistance levels, which suggests bulls remain in control. Billionaire investor Stanley Druckenmiller became the latest famous name to disclose a Bitcoin position. Although Druckenmiller did not specify the quantity he had purchased, he did say that Bitcoin will outperform gold a lot more […]
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Bitcoin price is showing resilience above the $15K level and history suggests a broader rally may occur in December. Historically, when a Bitcoin monthly candle closes above previous candles the digital asset has seen a prolonged rally. Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first time […]
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Traders should be cautious as ETH price is facing big resistance alongside rising Bitcoin dominance. All eyes have been on Bitcoin price in recent weeks as the world’s biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum’s Ether (ETH) as it approaches the final […]
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Institutional interest in Bitcoin continues to rise as bullish sentiment around BTC prevails. With Bitcoin (BTC) price sentiment continuing to remain bullish following the uncertainty brought on by the United States presidential election, institutional investors seem to be getting more interested in betting on the markets. In the seven-day period ending on Oct. 27, Grayscale […]
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Bitcoin whales sold the highest amount of BTC since March, which is a bullish sign for BTC price based on previous market cycles. The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In the past cycles, the dominant cryptocurrency typically rallied after a […]
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Reduced mempool activity not only results in reduced fees but gives users a chance to perform transactions that may not otherwise be practical. The Bitcoin network mempool shrank to its smallest size since mid-October this week after the network’s hash power soared. The clear mempool meant that that thousands of stuck transactions pending confirmation were […]
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