Tag: xbtusd

Oct 23 2020

The Best Place to Short Bitcoin is Above $14K, Analyst Explains Why

Bitcoin bulls will enjoy domination over the market until its price breaches the $14,000-mark, according to Eugene Loza of EXCAVO. The independent market analyst wrote in his note to investors that...

Research Boutique: Bitcoin Chart Is “Echoing” Previous Exponential Surges

Oct 23 2020 Published at Bitcoinist.com under tags  bitcoin price btcusd btcusdt xbtusd

Bitcoin has undergone a strong rally over the past few days, rallying from $11,200 to $13,100. Nautilus Research thinks that Bitcoin's chart is forming patterns and signals last seen prior to previous exponential bull runs. He isn't the only one that thinks that Bitcoin will soon see an exponential rally higher. Others that expect...

Oct 22 2020

Bitcoin Creates Strong Tailwind as Traders Rotate Capital into Altcoins

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin’s price has begun consolidating following its immense surge seen throughout the past 48 hours Yesterday afternoon, it rallied as high as $13,200 before it found any strong resistance that forced it lower Unlike the trend seen during fleeting upsurges, Bitcoin did not retrace that far into its recent rally following the rejection at these highs This indicates that bulls are in control...

Trail of Destruction: Bitcoin’s $13,000 Rally Liquidated $360m in Short Positions

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin’s price has stabilized at just below $13,000 following its immense surge seen yesterday The cryptocurrency has been flashing continued signs of strength as of late, and its ability to maintain its recent gains is decisively bullish While looking back on the aftermath of yesterday’s move, its magnitude and influence over the market grows clear According to one data platform, a total of...

Bitcoin Sets New Yearly High After PayPal Adds Crypto: What’s Next?

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin price btcusd btcusdt xbtusd

Bitcoin has surged over the past few days amid strong fundamental events. The cryptocurrency currently trades for $12,800, just shy of a new year-to-date high. The coin is up over 8% in the past 24 hours alone, outperforming most altcoins and digital assets. The latest leg higher in the price of Bitcoin seems to be related to news that PayPal is embracing crypto....

Investors are More Interested in Bitcoin Than Stocks: TD Ameritrade

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt gold paypal

A news segment on TD Ameritrade Network portrayed Bitcoin as a better investment than the US stocks. Lead anchor Oliver Renick, at the end of his six-minute-long market wrapup, claimed that investors are more interested in owning Bitcoin than the equities. He said the cryptocurrency has "a lot to go" since it is the only asset that performed bullish on the positive US...

PayPal Didn’t Shoot Bitcoin Above $13,000, Analyst Explains Why

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt paypal tether

On Wednesday, Bitcoin logged a supersonic bull run, hitting $13,000 for the first time in 15 months. The rally started after PayPal announced its foray into the cryptocurrency sector, leading analysts to believe that the $138 billion global payments firm drove the latest Bitcoin adoption....

Bitcoin Rips Higher To $13,000 on Continued Fiscal Stimulus Excitement

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin price btcusd btcusdt xbtusd

Bitcoin has continued to explode higher over the past 24 hours. The coin now trades for $12,750, around 7% higher than it was just 24 hours ago. This latest leg higher in the Bitcoin price can be pinned to two fundamental news events: PayPal adding crypto and more fiscal stimulus coming. Bitcoin Rallies Higher as Stimulus Talks Continue...

Oct 21 2020

Here’s Why This Break Above $12,000 is Different from Past Bitcoin Rallies

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin’s price has seen some significant momentum throughout the past few days The cryptocurrency is currently trading at the highest price it has been at since before the summer rally came to an end This momentum appears to be the result of a confluence of different factors, including growing BTC adoption amongst corporations Just today, PayPal announced that they are planning to rollout...

PayPal Forays into Crypto Market as Bitcoin Price Explodes Past $12,400

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin is now trading at the highest price seen in well over a year, with bulls aiming for $13,000 as its strong uptrend gains momentum Today, news regarding PayPal’s foray into the crypto market provided the benchmark cryptocurrency with a serious boost Its price surged all the way up to highs of nearly $12,500 before meeting some resistance, but it does appear to...

Bitcoin’s Latest Leg Higher Brings It Above a Crucial Macro Level

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin price btcusd btcusdt xbtusd

After bottoming at $10,200 earlier this month, the cryptocurrency has ripped higher. Bitcoin now trades just shy of $12,000. Bitcoin will need to close above $11,828 on a weekly time frame if it is to confirm its macro bullish trend Bitcoin Crosses Pivotal Macro Level Bitcoin has pushed strongly higher over the past two weeks. After bottoming at $10,200 earlier this month, the...

Bitcoin Overbought Above $12K But Analysts Understate Drop Fears

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt rsi xbtusd

Bitcoin rose above $12,000 on Wednesday for the first time since August 2020 but signaled an imminent price correction as it entered a so-called "overbought" area. The readings on Bitcoin's 14-day Relative Strength Index pushed above 70, a level above which an asset's...

Bitcoin Crosses $12K as Pelosi and Mnuchin Near Stimulus Deal

Bitcoin rose on renewed optimism for the second coronavirus stimulus package, while the US dollar plunged. House Speaker Nanci Pelosi said a bill for the compromised aid is on the way after confirming a fruitful, 45-minute telephonic conversation with Treasury Secretary Steven...

Oct 20 2020

Bitcoin Reaches Multiple Key Resistance Levels; Will They Spark a Selloff?

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

Bitcoin’s price has reached multiple key levels as a result of its latest push higher This rally came about rather unexpectedly overnight and drove many altcoins to see immense losses This is one of the rare days where Bitcoin is trading up significantly while altcoins all reel lower It remains unclear as to whether or not this will be the new norm for...

Bitcoin Explodes Towards $12,000 as Altcoins Plunge; What Analysts are Saying

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

Bitcoin has been sucking the air out of altcoins for the past few hours, with its price rallying significantly as Ethereum and other altcoins all sell-off This rally has sent it up towards $12,000, which mark fresh highs since its decline from its $12,400 yearly highs first began It does appear that bulls are currently setting their sights on a move past $12,000...

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...

Top Fund Managers Think Bitcoin May Seriously Outperform Altcoins

Many investors flipped bullish on Bitcoin relative to altcoins over the past few days. This culminated on Monday when BTC gained 3% while the price of top altcoins dropped by 1-10%. Analysts think this trend may continue for the forseeable future. Bitcoin Could Outperform Altcoins in the Months Ahead Many investors flipped bullish on Bitcoin relative to altcoins over the past few days...

Bitcoin Price Breaks $400 Higher While S&P 500 Drops

Oct 20 2020 Published at Bitcoinist.com under tags  bitcoin price btcusd btcusdt xbtusd

Bitcoin has undergone a strong rally over the past day, gaining $300 as it pushes to $11,750. It topped out at $11,820 today as the dollar underwent a slight rally higher. TradingView.com data indicates that Bitcoin is outpacing a swath of other assets over the past day's trading session. It is outperforming the S&P 500, gold, along with altcoins. Bitcoin Outpaces S&P 500,...

One More Crash Required Before Bitcoin Hits $20K: Analyst

Bitcoin remains at risk of crashing below $10,000 even as its long-term fundamentals look incredibly bullish. The benchmark cryptocurrency could fall into the $8,000-8,500 area, according to a trade setup presented by a TradingView-based analyst. It showed BTC/USD in a "breakout zone"...

Bitcoin Breaks $11.8K on Jerome Powell Speech; Is Rally Sustainable?

A Jerome Powell speech on central bank digital currencies (CBDC) was enough to decouple Bitcoin from traditional asset markets. The benchmark cryptocurrency surged above $11,800 in the hours leading up to the...

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