Yashu Gola

Blog Info Bitcoinist.com
Blog Info CoinStats Blog
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Stats Has written 121 posts about cryptocurrency

Dec 03 2020

Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

Dec 03 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

A gloomy outlook for the US dollar is leaving Bitcoin with a potential to continue its bull run towards $20,000. The greenback's sell-off accelerated this week as its value against foreign currencies fell by another 0.21 percent in overnight trading. The US Dollar Index (DXY) reached...

Dec 02 2020

Bitcoin Rebounds as UK Authorizes Pfizer-BioNTech’s Vaccine

Bitcoin inched back into positive territory on Wednesday just as Pfizer and BioNTech's coronavirus vaccine won UK authorization. The country's Medicines and Healthcare Products Regulatory Agency announced the approval Wednesday morning. Meanwhile, Pfizer and BioNTech stated that they would start delivering doses of the two-shot vaccine to the UK in the coming days, marking the first key milestone in curbing the virus that...

Gold Market Brings Bad News for Bitcoin: A Potential Death Cross

Dec 02 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency gold

Spot gold is inching towards forming a "Death Cross" on its daily chart, which may transform its ongoing downside correction into a full-fledged bear trend. A death cross occurs when an asset's short-term moving average falls below its long-term moving average. Many analysts and strategists look at the crossover as a sign of a sell-off wave, leading to a long-term downside move....

Dec 01 2020

A Flurry of Double Top Snubs Hints Bitcoin Will Hit $21,000

Dec 01 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

Bitcoin has more fuel to continue its bullish rally. Independent analytics firm TradingShot wrote that BTC/USD could hit $21,000 in the coming sessions in a note Monday. Its upside bias took cues from a confluence of chart signals that provably assisted Bitcoin in rallying almost twofold in the fourth quarter. The same signals envision the cryptocurrency at $21,000. The Setup The bullish setup...

Gold Undergoes $2tn Market Wipe-off against Booming Bitcoin; Coincident?

The last four months saw gold trimming its market valuation by $4 trillion. Conversely, Bitcoin added about $180 billion within the same period. Both gold and bitcoin were the benefactors of aggressive monetary easing policies launched by the Federal Reserve. The precious metal reached its record...

Nov 30 2020

Bitcoin’s Weekend Bullish Rebound is “Fakeout,” Analyst Explains Why

Nov 30 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

Bitcoin rose during the weekend and continued trading upwards on Monday as traders weighed its bullish prospects against a tanking US dollar. But to one analyst, the ongoing upside move risks exhaustion as the week matures. Marc Principato, executive director at Green Bridge Investing,...

Bitcoin Weekly Outlook: A $20K Retest Likely as Dollar Hits 2018 Low

A remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date. The flagship cryptocurrency still closed the week in red, down 1.28 percent on the whole. Many factors contributed to its decline, primarily profit-taking as its price logged a three-year high at...

Nov 29 2020

Bitcoin’s Drop Has Done Little in Shaking Its Bullish Momentum

Nov 29 2020 Published at CoinStats Blog under tags  articles bitcoin btcusd cryptocurrency

Bitcoin has a crucial task ahead to determine whether its record-setting bull run in 2020 is a repeat of 2017's pump-and-dump scenario or its first step towards a long-term ascent. In the last seven days, the benchmark cryptocurrency signaled the former. Its price took a beating, falling more than 30 percent from its yearly high... The post Bitcoin's Drop Has Done Little in...

Nov 27 2020

Bitcoin Expects to Fall by Another $3,000, Asserts Veteran Trader

Nov 27 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

A flurry of historical Bitcoin fractals suggests that Bitcoin will continue its decline by another $3,000. Veteran trader Peter Brandt made the bearish call in a tweet published Thursday, hours after Bitcoin fell by up to 16.31 percent from its local high of $19,500. He added that the cryptocurrency might extend...

Bitcoin Eyes $20K Because “Excess Dollar Liquidity” is Still in System

The Bitcoin market suffered major losses mid-week as its price fell from its $19,500-top to as low as $16,200. Some analysts believe...

Nov 26 2020

Bitcoin Expects to Resume Price Rally on Foggy FOMC Minutes

Nov 26 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency fomc

Bitcoin underwent a major downside correction hours after the Federal Open Market Committee (FOMC) released the minutes of its November 5-6 meeting on Wednesday. The benchmark cryptocurrency fell by almost $1,000 in the late New York trading session, following up to an incredible price rally that...

Bitcoin Falls as Mnuchin [Reportedly] Plans to Regulate Private Wallets

Nov 26 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

Bitcoin prices crashed by almost $1,000 on Thanksgiving eve, logging their worst declines in three weeks as traders grappled with overbought conditions and rumors of tighter regulations. The flagship cryptocurrency hit an intraday low of $17,150 in early Asian hours Monday, down more...

Nov 25 2020

Bitcoin’s Lagging Correlation with Gold Could Push Price to $25K: Analyst

Nov 25 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

Bitcoin tails the gold market but with a delay. And the lagging correlation now suggests that the cryptocurrency would rise to $25,000. Analysts at independent analyst firm TradingShot highlighted the bullish fractal in their note Tuesday. They noted that Gold...

Bitcoin Looks at COVID-19 Vaccine As Its Next Potential Bullish Narrative

A COVID-19 vaccine appears like bad news for Bitcoin until it does not. The arrival of the novel coronavirus pandemic was initially worse for every market, including cryptocurrency. The BTC/USD exchange rate fell more than 60 percent in just two days of trading in March 2020, its decline coinciding with a crash across the global financial market. Later, central banks...

Nov 24 2020

A $20K Bitcoin Likely as Trump Authorizes Biden Transition

Nov 24 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

Bitcoin is looking to retest its all-time high, near $20,000, as Donald Trump authorizes his administration to cooperate with president-elect Joe Biden's transition team. The flagship cryptocurrency rose cautiously on Tuesday, hours after the General...

35% Possibility Bitcoin is in Bearish Reversal, Analyst Explains Why

A paused Bitcoin price rally has increased its probability of undergoing a major pullback, as per independent analyst Vince Prince. The TradingView.com contributor said Monday that there is a 35 percent chance that the Bitcoin price falls in the coming sessions,...

Nov 23 2020

Bitcoin Analyst Foresees Bearish Correction as Price Struggles Near $18.5K

Nov 23 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

A surprise sell-off in the Bitcoin market on Sunday that crashed the price to $17,610 met with an equally strong buying wall. The cryptocurrency recover later, jumping above $18,500, a level it held as support before the weekend plunge. But to Marc Principato, Bitcoin really has not brushed aside its bearish risks. The Green Bridge Investing's Executive Director contemplated the possibilities of more...

Bitcoin Weekly Outlook: PayPal FOMO 2.0 Validates $20K Target

Bitcoin's bullish fundamentals continue to overshadow its bearish technicals. The last week saw the cryptocurrency on a tear even as it traded way above its actual current rates. It established another year-to-date high — and retested a three-year peak — at $18,980. Meanwhile, its...

Nov 21 2020

Even Steven Mnuchin Couldn’t Crash Bitcoin

BTC/USD finally showed strengthening signs of becoming an independent asset. The cryptocurrency's lack of responsiveness to Mr. Mnuchin's anti-economy proved its resilience. The post Even Steven Mnuchin Couldn't Crash Bitcoin appeared first on CoinStats Blog.

Nov 20 2020

Bitcoin Holds $18K Even as Mnuchin Ends Some of Pandemic-Related Funds

Bitcoin rose on Friday as traders refused to bow down before Steven Mnuchin decided to end some of the Federal Reserve's crisis-fighting facilities. The US Treasury Secretary closed two schemes set up to buy corporate debt, five other programs launched to lend to medium-sized businesses, otherwise known as Main Street Lending Program, one facility that loaned to state and local municipalities, and another...

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