Tag: s&p 500

Oct 20 2020

Always On: Bitcoin To Surpass S&P 500 Trading Time Within Two Years

Oct 20 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Recently, the discussion around Bitcoin "maturing" and becoming a respected mainstream asset, has prompted comparisons to the stock market, gold, currencies, commodities, and more. One notable difference between the stock market and Bitcoin is that the crypto market is always on, and because this exists, the leading cryptocurrency by market cap will have traded more hours than the S&P 500 since its debut...

Oct 15 2020

More Pain for Bitcoin Ahead as Price Breaks “Legacy Trendline,” Says Analyst

Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called "legacy trendline." As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance. The pair lately tested...

Oct 14 2020

Troubles for Bitcoin as Hedge Funds Bet Against Stock Market Winners

Bitcoin faces the prospects of undergoing broader downside corrections as hedge funds rush to short stocks that surged impressively during the coronavirus pandemic. According to the Financial Times, some fund managers have increased their bets against the shares linked to technology, home gym equipment, grocery...

Oct 13 2020

Bitcoin Hits 5-Week High Ahead of Q3 Earnings Season; What’s Next?

There was no major stimulus announcement, but Bitcoin was still able to hit a five-week high on the first day of the week. The benchmark cryptocurrency established an intraday high of $11,736 before profit-taking sentiment pushed its exchange rate lower. Its price landed around a concrete support...

Oct 01 2020

3 Reasons Why Bitcoin Price Could Fall in Q4/2020

2020 has been a rollercoaster year for Bitcoin. The lockdowns caused by the coronavirus pandemic earlier in the year pushed the crypto lower by almost 60 percent. Its crash shortly followed an equally aggressive rebound that took its price up by 220 percent. It is safe to say that Bitcoin is sitting in a...

Sep 29 2020

Bitcoin Decouples from Gold, Stocks after Overnight Sell-Off, What’s Next?

Bitcoin did its own thing during the late Monday trading session. The benchmark cryptocurrency plunged suddenly towards $10,600 after maintaining intraday gains above the $10,800-support all day. The sell-off appeared despite a healthier macroeconomic outlook led by signs of progress...

Sep 27 2020

On-Chain Data Shows Bitcoin’s Decoupling From S&P 500 Is “Upcoming”

For the past few months, Bitcoin's price action has largely been beholden to legacy markets like the S&P 500, the U.S. dollar index, and gold. The cryptocurrency has crashed and surge intandem with these markets, suggesting it is not uncorrelated as many once said. While this may be true in the short term, analysts think that the markets will decouple eventually. Bitcoin Is...

Sep 24 2020

Bitcoin May Break Below $9K on Wall Street Correlation: Stock Analyst

Any attempts from Bitcoin to secure higher price levels may fall short as long as its correlation with the US stocks sustains. So predicts Ronnie Moas, a stock market analyst heading Florida-based research firm Standpoint Research. He said in an early Thursday tweet that Bitcoin might fall by another $400 (or more) in the coming sessions. The expected downside move should come if...

Sep 23 2020

3 Crucial Reasons Why Bitcoin Could Fall Below $10K This Fall

Bitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its price up by 70 percent earlier this year....

Sep 22 2020

Analysts Explain Why Bitcoin Bearish Correction Could Turn Worse

Bitcoin is trading almost 17 percent below its year-to-date high near $12,500. And, according to analysts at TradingShot, the downside bias is about to turn a lot worse. The independent market analysis portal spotted the benchmark cryptocurrency testing the support of a...

Sep 14 2020

S&P 500 Price Forecast: Ready For A Bounce to the 3,440 Level

Sep 14 2020 Published at CryptoTicker under tags  crypto s&p s&p 500 s&p 500 open spx

The S&P 500 closed at 3,340 after defending the 50-SMA on the daily chart. The bounce was notable, from 3,310 to 3,369 and bulls are now hoping to see a continuation move from this bounce. The last candlestick is fairly close to a bullish reversal hammer, however, bulls needed a bit more strength. [caption id="attachment_77687" align="aligncenter" width="2223"]...

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