Tag: xbtusd

Jan 23 2021

Bitcoin Enters Consolidation Phase as Analysts Set Their Sights on This Major Crypto

Jan 23 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some mixed price action as of late, with bulls and bears largely reaching an impasse as the crypto consolidates Following its recent plunge to below $29,000, the crypto has been seeing some sideways trading that has made it incredibly unclear as to where it will trend next One analyst noted that Bitcoin is showing few signs of clear strength or...

Jan 22 2021

Bitcoin Posts Massive Overnight Rebound, But Bulls Aren’t in the Clear Yet

Jan 22 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

It has been a wild past 24 hours for Bitcoin, with the benchmark cryptocurrency seeing one of the most intense selloffs it has seen in quite some time yesterday Following a slow grind lower that had taken place throughout the past few days, BTC eventually saw a capitulatory selloff that sent its price plunging to lows of nearly $28,000 At this point, many...

Lost And Found: Man Recovers Bitcoin From Hard Drive Burned In A Fire

Jan 22 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcust crypto

Bitcoin is once again in the news, the subject of internet chatter, and watercoolor talk. It is for the first time also the darling of Wall Street, beating out every other financial asset under the sun. The media blitz, rising price, and widespread FOMO has those who have lost Bitcoin in the past feeling the sting even harder recently, prompting them to give...

Jan 21 2021

Bitcoin Posts Massive 10% Drop as Altcoins Consolidate; What Analysts are Saying

Jan 21 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some immensely bearish price action throughout the past few days, with sellers gaining full control of its price action This has caused buyers to lose their grip over the market, being unable to spark any continued reversals It does appear that the selling pressure seen throughout the past few days may continue hampering its growth, as BTC is now at...

Global Macro Investor: The Strong Part of Bitcoin Upmove Hasn’t Even Started Yet

Jan 21 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin has blown away the expectations of almost anyone outside of the most steadfast supporters of the cryptocurrency or believers in the stock-to-flow model. The asset over the last several months has exploded from below $10,000 to over $40,000 at the current high. And although the now $11,000 decline could appear to resemble a longer-term "top," one global macro investor says that the...

Bitcoin Eyes $50,000 amid Whale-led Supply Crunch; Here’s Why

Bitcoin could hit $50,000 in the coming sessions as more and more institutions accumulate it against their fears of dollar-linked inflation. The flagship cryptocurrency, whose market capitalization recently soared above that of Facebook and Tesla, dropped lower from its record high near $42,000. Nevertheless, its...

3 Reasons Why Bitcoin Could Retest $40,000 All Over Again

Bitcoin remained under a selling pressure this Thursday as its price fell by another 1.5 percent. The benchmark cryptocurrency touched an intraday low of $34,200, making a higher high after falling below the key $34,000-support level in the previous session. Its plunge majorly appeared due to...

Jan 20 2021

Bitcoin Plunges as Bears Roar, But Here’s Why Analysts Aren’t Too Concerned

Jan 20 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some mixed price action as of late, with bulls attempting to push it higher yesterday before it saw a strong rejection that sent it tumbling lower The crypto is still trading firmly within the trading range that it has been caught within throughout the past several weeks, and not much has changed from a structural perspective Despite the apparent intensity...

Inauguration Day: Past Presidents Taking Office Has Boosted Bitcoin Bull Run

Jan 20 2021 Published at Bitcoinist.com under tags  america biden bitcoin btc btcusd

Bitcoin is struggling to hold onto $35,000 after an epic run, just as a new United States president takes office. And although things might appear suddenly bearish for the cryptocurrency in the short-term, past instances of new presidents taking the oath of office has led to the asset's most bullish impulses yet. Here's a detailed look at what could be next if the...

Jan 19 2021

Bitcoin is on the Brink of Seeing a Rally to All-Time Highs as It Taps Critical Level

Jan 19 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some relatively lackluster price action throughout the past few days and weeks, with the crypto’s price being unable to surge as it inches towards its $40k resistance This has come as its smaller counterparts all see massive momentum, with ETH seeing a monumental rally while many smaller altcoins also surge BTC’s lack of intense upside has come about due to...

Economist: Ethereum To Repeat Bitcoin Rally To $20K, According To Metcalfe’s Law

Jan 19 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Ethereum is now the second major cryptocurrency from the last bull run to break its former all-time high. One author and economist, however, claims that this is only the beginning of the top altcoin following in Bitcoin's footsteps, and will soon rally to $20,000 mimicking the epic 2017 bull run. Here's the theory behind the lofty price target more than 10 times the...

Jan 18 2021

Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?

Jan 18 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some wild chop as of late, with the crypto’s price ranging between the lower and upper-$30,000 region It has found some strong support within the lower part of this range, with sellers attempting on multiple occasions to break it to no avail. The cryptocurrency has also been seeing large bouts of buying activity to counter selling pressure that appears to...

The Three Factors That Could Topple The Recent Bitcoin Rally

Jan 18 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin has held above $30,000 for nearly two full weeks, and the former all- time high of $20,000 seems like a distant memory. But there are three factors that are only growing in threat that could topple the epic bull run the cryptocurrency has been on. Bitcoin Holds Above $30,000 For Almost Two Weeks, But Strength Could Be Waning The leading cryptocurrency by market...

Jan 17 2021

Data Suggests Whales are Keen on Protecting One Key Bitcoin Support Level

Jan 17 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some choppy price action throughout the past couple of days, with buyers and sellers largely reaching an impasse Following a swift overnight decline, Bitcoin has posted a strong rebound that has allowed it to surge back to $36,000 Where it trends next will undoubtedly depend on whether or not buyers can flip $36,000 from resistance to support One analytics platform...

Jan 16 2021

The Countdown is on: Bitcoin has 3 Days Before It Reaches Apex of Key Formation

Jan 16 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin is seeing relatively lackluster price action today, with it consolidating within the mid-$30,000 region as altcoins all explode higher Where the entire market trends in the mid-term should depend largely on whether or not Bitcoin bulls can establish $37,000 as support The crypto has tested this level on a few occasions overnight, and it has been holding strong One analyst is now...

Jan 15 2021

Bull Case Grows: Millions of Bitcoin are Being Sent to Dormant Accumulation Addresses

Jan 15 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin’s price action has remained rather stagnant throughout the past couple of days, with bulls being unable to catalyze a break above $40,000 on the first attempt The selling pressure here remains quite significant, and whether or not this level can be firmly broken above could set the tone for its mid- term trend From a technical perspective, Bitcoin’s short-term outlook remains somewhat unclear,...

IMF Survey Overwhelmingly Supports Bitcoin As “Money”

Jan 15 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin was created to be the first ever peer-to-peer electronic cash system, and in its wake, an entire industry of digital assets has since been created. Despite the cryptocurrency's longevity and staying power, there's still debate amongst policy makers, regulators, and even investors, if the asset class should be defined as "money." A recent survey conducted by the International Monetary Fund has...

Jan 14 2021

Bitcoin is Nearing Key Resistance as Market Posts Massive Rebound

Jan 14 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some immense volatility as of late, with bulls reversing its recent losses entirely overnight as they regain control of the crypto This price action confirms that the latest selloff was one that is quite common during bull markets when the crypto retraces 30-40% before continuing its ascent BTC’s strength is creating tailwinds for the entire market, as ETH and most...

S2F Creator: Bitcoin Has Yet To Reach “Point of No Return”

Jan 14 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

After shaking off the worst selloff in months without a scratch, the current Bitcoin uptrend seems completely unstoppable. Despite the incredible momentum that took the cryptocurrency from $10,000 to $40,00o in a flash, the creator of the world's most cited valuation model says the asset has yet to reach the "point of no return." When that happens, the real parabolic advance will unfold....

Jan 13 2021

Institutional Buyers May Be Defending Bitcoin from Breaking Below $30,000

Jan 13 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen a strong rebound today, with bulls defending against a deeper selloff as the crypto neared the lower-$30,000 region overnight Where the entire market heads in the short-term will undoubtedly depend on BTC and its continued reaction to its key near-term support So far, the buying pressure seen between $30,000 and $33,000 has been promising and could indicate that further upside...

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