Cole Petersen

Bitcoin

Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider

The aggregated crypto market saw a sharp rise today fueled by widespread liquidations of short positions This movement came about following an extended period of sideways trading...

Cole Petersen | 18 hours ago
Bitcoin

Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts

Bitcoin saw a sharp rise overnight that allowed it to firmly surmount the $9,000 region This upwards movement liquidated nearly $20 million in short positions, with buyers now...

Cole Petersen | 21 hours ago
Bitcoin

Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week

Bitcoin saw a sharp bounce into the $9,000 region overnight following a multi-day bout of consolidation within the $8,000 region The cryptocurrency now appears to have reached a...

Cole Petersen | 23 hours ago
bitcoin sp 500 stock market great depression
Bitcoin

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great...

A false bottom giving false hope ahead of the Great Depression is drawing comparisons to the current S&P 500, which has made the sharpest bear market recovery in history. Further...

Cole Petersen | 1 day ago
Bitcoin

Bitcoin at Risk of Collapsing to $7,000 as Selling Pressure Ramps Up

Bitcoin has been finding some slight support at $8,800 throughout the past day, but the buying pressure here appears to be quickly degrading The crypto is also on the cusp of breaking...

Cole Petersen | 2 days ago
Bitcoin
Altcoin Price

Crypto Market Faces Massive Resistance as Traders Expect Altcoins to Dive

The crypto market is flashing some overt signs of weakness as Bitcoin leads most major altcoins lower Although some smaller tokens have been able to escape these losses, the aggregated...

Cole Petersen | 2 days ago
Bitcoin

50% of Bitcoin CME Open Interest is Set to Expire Friday; What This Could Mean

The CME’s Bitcoin futures and options contracts have been seeing booming popularity in recent times This has led the open interest on the platform to rocket, with this growth being...

Cole Petersen | 2 days ago
Bitcoin

Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

Following an extended bout of sideways trading within the $9,000 region, Bitcoin has now firmly broke below this range as it trades around $8,800 Although the crypto has ardently...

Cole Petersen | 3 days ago
Altcoins

Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline

Ethereum has been able to maintain above $200 despite the recent turbulence seen within the aggregated crypto market This outperformance of Bitcoin has allowed it to gain some strength...

Cole Petersen | 3 days ago
Bitcoin

Nearly 10% of Bitcoin’s Current Supply is Dormant; Why This Matters

Data shows that nearly 10% of Bitcoin’s total circulating supply is dormant, meaning that it has not been touched for over 10 years This data boosts the narrative regarding...

Cole Petersen | 3 days ago
Altcoins

Investors are Heavily Accumulating Ethereum Despite Gloomy Outlook

Ethereum has been seeing some incredibly lackluster price action throughout the past several weeks and months, setting a series of lower lows while losing ground against Bitcoin...

Cole Petersen | 4 days ago
Bitcoin

Bitcoin at Risk of Seeing Major Downside as Buying Pressure Evaporates

Bitcoin has seen some intense selling pressure today following a bearish resolution to its long-held bout of sideways trading The cryptocurrency is now at risk of seeing further...

Cole Petersen | 4 days ago