A Massive Bitcoin Bull Run Awaits as Fed Confirms 2% Inflation Target
A high inflation environment is creating more upside opportunities for Bitcoin as the cryptocurrency trades near its 11-month high. Recent statements from the Fed officials confirm...
This Newly Formed Structure Could Cause Bitcoin to See Major Losses
Bitcoin and the aggregated cryptocurrency market are currently in a precarious position following the series of strong rejections seen yesterday evening The selling pressure incurred...
Analyst: Closing Above This Crucial Level Could Catapult Bitcoin to New Highs
Bitcoin appears to have entered a clear consolidation phase as it trades within the lower-$11,000 region Overnight the crypto faced a slight rejection after buyers tried to push it up...
From Broke To Bitcoin: The Post-Pandemic Rags To Riches Story
The pandemic has brought about tough times on many. The economy is struggling, jobless claims are rocketing, yet thanks to Bitcoin, there could be a happy ending to this story...
Analyst: Bitcoin’s Recent Surge Looks Like the Start of 2019’s 250% Rally
Bitcoin’s flash crash on the weekend has thrown a wrench into the bullish outlook of some analysts. Because BTC was rejected at such a crucial level ($12,000), some have...
Bitcoin is Overvalued at $11,000, Analyst Explains Why
Bitcoin stands overvalued at $11,000 in the short-term, according to analysts at Phi Deltalytics. The statement followed a drop in net positions on Chicago Mercantile Exchange’s...
UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?
UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of...
Bitcoin Holds Above Crucial “Ichimoku Cloud” as Analysts Remain Optimistic
Bitcoin has entered a consolidation phase within the lower-$11,000 region This comes shortly after bears stepped up and catalyzed a swift rejection at $12,000 this past weekend The...
Why Analysts are Bullish on Bitcoin Despite Close Beneath Key $11,700 Level
Bitcoin has been flashing some mixed signs to investors as of late Despite seeing intense bullishness throughout the past week as it rallied from the lower-$10,000 region to highs of...
Analysts Warn of Turbulent “Dog Days” of Summer; Will Bitcoin’s Rally Survive?
Bitcoin has found itself once again the talk of the finance world, even stealing some of the luster from the gold rally. And although August is normally a slow month for markets...
Eerie Fractal Predicts Bitcoin Will Cross Above $12k Again Very Soon
Bitcoin faced a steep rejection at $12,000 just 24 hours ago. The asset fell by $1,600 in the span of five minutes, liquidating hundreds of millions worth of long positions. Some...
Macro Analyst Explains Why Shorting Bitcoin is a Bad Idea
Bitcoin is still bullish and could reverse its weekend losses in the coming sessions, according to Marc Principato of Green Bridge Investing. The macro analyst said late Sunday that...