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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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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Ethereum, DeFi tokens, and altcoins capitalized on Bitcoin’s consolidation by rallying strongly in the past 48-hours. For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support. A positive is BTC continues to make higher lows and at the time of […]
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Bitcoin whale clusters show that $14,914 is critical for the ongoing rally to see continuation. New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not […]
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Following highly volatile Bitcoin price action in the aftermath of its vaccine-induced drop, crypto traders explain where BTC is headed next. The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold. Within […]
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Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow. Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to that, most retail traders only keep an eye on the possible profits and disregard the […]
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A strengthening dollar and unexpected stock market rally occurred as Bitcoin price sharply dropped by 6%. The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just 5 hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. Thi massive spike in volatility was likely caused by three […]
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The price of Bitcoin is facing the last major barrier at $16,000 before a potential run to new all-time highs but a 30% correction is also on the table. The Bitcoin (BTC) price rally halted the moment Joe Biden was announced as the projected winner of the 2020 presidential election during the weekend with price […]
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Select altcoins are moving higher as Bitcoin prepares for a renewed push to $16,000 This week Bitcoin (BTC) price nearly hit a new multi-year high at $16,000 and legendary investor Bill Miller told CNBC that the law of supply and demand favors BTC. While the supply is increasing by about 2.5% a year, “the demand […]
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