Bitcoin price still struggles to overcome the $12K hurdle but 3 key metrics show bulls are in control. Bitcoin (BTC) price dropped by as much as 10% this week and while this might be scary for day traders, the 3-day chart shows the downside move hardly made a dent on the current market structure. This […]
Continue Reading
The price of Bitcoin has shown resilience after the bears failed to push the price down below $11,200, which means the overall uptrend is still intact. As the price of Bitcoin (BTC) showed weakness in the past week, the crucial support zone around $11,200, nevertheless, held. Several arguments were given for the volatility throughout the […]
Continue Reading
Bitcoin approaches the last weekly candle for the month of August. Traders discuss where BTC might be headed next in the short to long term. The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its […]
Continue Reading
Bitcoin barely reacted to today’s CME futures expiry, but is this a bullish or bearish signal? Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark. As CoinTelegraph correctly predicted yesterday, this most recent CME […]
Continue Reading
Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC. Bitcoin derivatives witnessed a major expiry event with a notional value of over $1 billion. Today, $272 million of Bitcoin futures expired on the Chicago Mercantile Exchange, while over 65,000 Bitcoin options contracts expired across Deribit, CME and OKEx, having a notional […]
Continue Reading
This week the Fed signaled that further monetary expansion is planned, meanwhile interest in Bitcoin and DeFi continues to skyrocket. This week was quite eventful for crypto and traditional markets and investors will note that as central banks introduce new monetary expansion policy, Bitcoin (BTC) and altcoins have begun to forge their own path. Before […]
Continue Reading
Will altcoins rally as Bitcoin price stagnates, and is DeFi producing a bubble? Here’s what’s driving the altcoin season. With Bitcoin dropping below the $12,000 level and pulling back to $11,400 in the last few days, altcoins also seem to have lost their momentum, even after their impressive gains since the start of 2020. However, […]
Continue Reading
Bulls are still king as market signs point up, not down, says filbfilb — but Friday’s futures expiry could spell trouble. Bitcoin (BTC) can still top $13,000 and higher as a series of “non-events” still leave bulls in a powerful position. Data from Coin360 and Cointelegraph Markets showed BTC/USD climbing towards $11,500 on Aug. 28, […]
Continue Reading
As Bitcoin price corrects, traders debate whether BTC will visit $9.6K or $16K first. The price of Bitcoin (BTC) has declined by more than 6% in the last three days and with the $276 million CME Bitcoin futures expiry approaching on Aug. 28, traders are nervous that additional downside could be in store. Following Bitcoin’s […]
Continue Reading
Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if it overtakes gold. Tyler Winklevoss, one of the first reported Bitcoin (BTC) billionaires and the co-founder of Gemini, believes the ultimate bull case for Bitcoin means reaching a target of $500,000. The theory for a $500,000 long-term Bitcoin price is straightforward. […]
Continue Reading