‘Discounted’ Bitcoin more likely to hit $100K than $20K in 2021, says Bloomberg analyst
“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone. Go to Source Powered by WPeMatico
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Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom’
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.” Go to Source Powered by WPeMatico
Altcoins and DeFi tokens breakout as Bitcoin price nears a key resistance
DOGE, KNC and KAVA are just a few of the altcoins that posted double-digit gains as Bitcoin and Ethereum price rallied to key overhead resistance levels. Go to Source Powered by WPeMatico
Popular Bitcoin ETP set to debut in UK
BTCE will begin trading on the Aquis Exchange in London and Paris next week. The product debuted on Germany’s Xetra digital stock exchange last June. Go to Source Powered by WPeMatico
Bitcoin price crash isn’t over, says JPMorgan strategist
JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000. Go to Source Powered by WPeMatico
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
How relevant is the $900M open interest on Bitcoin options above $100K?
Pro traders have been buying ultra bullish Bitcoin $100,000 to $200,000 options, but how confident are they that these targets will be achieved? Go to Source Powered by WPeMatico
3 on-chain indicators suggest the Bitcoin price sell-off is losing steam
As Bitcoin price shows new signs of bullish momentum, data from various on-chain indicators suggest that the current sell-off is reaching an end. Go to Source Powered by WPeMatico
Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model
There’s a number of tools, charts, and models traders use to help them forecast bitcoin price cycles and our last article discussed leveraging the Golden Ratio Multiplier. The following editorial discusses another method of bitcoin price prediction analysis by utilizing Logarithmic Growth Curves. In September 2019, a comprehensive paper published by Harold Christopher Burger describes … Read more
Cardano leads tepid crypto market recovery ahead of Memorial Day
Fears of a nasty pre-Memorial Day selloff in cryptocurrencies may have been overstated, early indicators suggest. Go to Source Powered by WPeMatico