Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K
The ongoing Bitcoin downside correction is strikingly similar to its price action in June-December 2019. Go to Source Powered by WPeMatico
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Cambridge and IEA data shows bitcoin carbon intensity peaked last year
Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. Go to Source Powered by WPeMatico
3 things traders are saying about Bitcoin and the state of the bull market
Contrarian Bitcoin analysts pinpoint three reasons why they are still bullish on BTC price for the short and long-term. Go to Source Powered by WPeMatico
Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions
The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said a spokesperson for the White House. US Government to Expand Cryptocurrency Analysis The … Read more
Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders
On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. Go to Source Powered by WPeMatico
Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’
According to analysts from Decentrader, Bitcoin needs to quickly reclaim the $37,500 level and ETH needs to hold $2,300 as support to avoid bull-market-ending price action. Go to Source Powered by WPeMatico
Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000
Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Go to Source Powered by WPeMatico
Amid rising stablecoin inflow, cautious traders fear a dead cat bounce
Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. Go to Source Powered by WPeMatico
Will Woo doesn’t think Bitcoin’s overall upward run has ended
Popular Bitcoin analyst Willy Woo noted a few signs and symptoms indicating the BTC bull run still has some juice left. Go to Source Powered by WPeMatico
Exchange inflows, on-chain data show retail traders fueled Bitcoin’s selloff
Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. Go to Source Powered by WPeMatico