Double Top Warning in S&P 500 Pressures Bitcoin Lower
Bitcoin is entering a period of uncertainty amid a growing conflict between its fundamental bullish mood and bearish technical setup.
Bitcoin Escapes Stock Market Sell-Off on Booming Safe-Haven Appeal
An overnight attempt to crash Bitcoin alongside the US stock market met with extreme resistance as the cryptocurrency bounced back handsomely.
Always On: Bitcoin To Surpass S&P 500 Trading Time Within Two Years
Recently, the discussion around Bitcoin “maturing” and becoming a respected mainstream asset, has prompted comparisons to the stock market, gold, currencies, commodities...
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...
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...
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...
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...
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...
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...
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...
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. Here are the top three risks the...
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...