Tag: bitcoin (btc)

Jan 21 2021

Bitcoin price breakdown targets $25,000 despite investor sentiment remaining positive

Bitcoin slides under $33,000 risking a drop under $30,000, especially if the 50 SMA support fails to hold. Grayscale Investment’s consistent purchase of Bitcoin goes unnoticed as the market falls....

Jan 18 2021

Central Bank Digital Currencies [CBDC] Are Inevitable Believes Stephen Harper, Former Canadian PM

Jan 18 2021 Published at Coingape under tags  bitcoin (btc) bitcoin news btcbrl btcbusd btcdai

During a recent interview, former prime minister of Canada Stephen Harper said that he believes Central Bank Digital Currencies [CBDC] are inevitable and he sees Bitcoin as an alternative reserve currency to the US Dollar....

Bitcoin price back to the drawing board at sub $40 but technicals suggest an explosion to $40,000

Bitcoin revisits $34,000 to allow more buyers to enter the market as upside eyes $40,000 again. BTC/USD is drawing nigh to a massive falling wedge pattern breakout. Bitcoin price revisited support at...

Jan 15 2021

Bitcoin displays strong technicals for new record high as futures open interest hit $13 billion

Bitcoin retests $40,000 after recovery almost 30% in two days. Bitcoin open interest increases 74% from the previous month, suggesting high investor optimism. Bitcoin has...

Jan 14 2021

Bitcoin price on the final stretch to $40,000 but these are the levels to watch

Bitcoin nurtures recovery eyeing $40,000 after overcoming resistance at $36,000. BTC/USD must close the day above the 61.8% Fibonacci to complete the leg up to $40,000. Bitcoin...

Jan 13 2021

Bitcoin price risks revisiting $30,000 while Goldman Sachs reckons that BTC has matured as an asset

Bitcoin bulls focus on avoiding declines to $30,000 by holding above the 100 SMA and $33,000. Bitcoin is becoming more mature as an asset but needs institutional backing to stabilize. Bitcoin is...

Jan 12 2021

Bitcoin freefalls to $30,000 but recovery to $40,000 seems imminent as on-chain metrics stay strong

Bitcoin recovery to $40,000 will not come easy despite the bounce at $30,000. On-chain metrics like the network growth remain strongly bullish suggesting that Bitcoin is still strong...

Jan 11 2021

Bitcoin price in dilemma at crucial pivotal level; will it be $42,500 or $32,500?

Bitcoin closes the week under $40,000, opening the Pandora box for a possible slide to $32,500. Closing the day above the ascending channel’s upper boundary may invalidate the breakdown but favor a recovery...

Jan 08 2021

Bitcoin price pulls back from $40,000 but speculators see it at $50,000 in the near-term

Bitcoin price rejected from the historical record at $40,000 but short term support expected at $37,500. Speculators believe that BTC has a long way to go, placing their short term goal at $50,000....

Jan 04 2021

Is Now the Right Time to Buy Bitcoin?

Bitcoin has been soaring for weeks. Should buyers wait for a market correction before jumping in?

Dec 24 2020

MicroStrategy CEO Says Flow of Money From Conventional Assets Into Bitcoin Not a Bubble

Dec 24 2020 Published at Coingape under tags  bitcoin (btc) bitcoin news btc btcbrl btcbusd

Bitcoin activist and the CEO of Nasdaq-listed MicroStrategy, Michael Saylor...

Dec 18 2020

Bitcoin end-year rally takes a hiatus under $24,000 but the journey to $30,000 just started

Bitcoin hits a wall under $24,000 but confirms support slightly above $22,000. The bullish outlook has been validated by a golden cross pattern on the 4-hour chart. Bitcoin continued with the...

Dec 17 2020

Bitcoin majestically enters price discovery above $20,000 as the moon beckons

Bitcoin’s least resistance path is upwards as the IOMAP reveals the absence of known resistance. BTC rally hits a new all-time high marginally under $22,000 but the bullish momentum is still intact....

Dec 16 2020

One River Digital Pledges $1 Billion In Bitcoin (BTC) and Ether (ETH) By Early 2021

While there's a huge uproar around institutional Bitcoin (BTC) investments, hedge fund giant One River Digital Asset Management has made a quiet and smart accumulation of more than $600 million in cryptocurrencies, reports...

Bitcoin price bulls run out of options as rejection at $19,500 threatens massive slide to $17,600

Bitcoin market indecision continues, as resistance at $19,500 remains intact. Bitcoin buyers plan to hold the fort at $19,000 as they prepare for a major liftoff to $20,000....

Dec 15 2020

MicroStrategy To Increase Bitcoin Holdings With Debt Securities

Popular business intelligence company MicroStrategy has shown a noted interest in Bitcoin in recent times. The company has disclosed plans to offer convertible senior notes (debt securities) worth $400 million and subsequently invest the proceeds in Bitcoin. Microstrategy confirmed this in a press release....

Bitcoin correction from $19,500 seems imminent as a double-top pattern comes into the picture

Bitcoin price closes in on $19,500 again but is likely to correct towards $19,000 support. A double-top pattern is a typical bearish indicator in technical analysis, highlighting an area of intense...

Dec 14 2020

Bitcoin price makes the final approach to a new yearly high as investors anticipate another rally

Bitcoin bounced off support at $17,500 and lifted towards $20,000 but hit a snag at $19,438. On-chain metrics suggest that Bitcoin is ready for gains above $20,000 while its downside is well protected. Bitcoin...

Dec 10 2020

Bitcoin downward pressure unstoppable, losses to $18,000 eyed ahead of upswing to $20,000

Bitcoin’s recovery hits a massive barrier at the 100 SMA and the descending channel’s middle boundary. BTC/USD likely to embrace consolidation based on on-chain metrics. Bitcoin...

Dec 09 2020

Bloodbath in the cryptocurrency market as Bitcoin’s overhead pressure surges – downside eyes $17,500

Bitcoin refreshes lower price levels at $18,000 as declines loom towards $17,500. BTC/USD will invalidate the bearish outlook if the price closes the day above $18,000 and perhaps steps...

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