“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report.
Category: bitcoin rally
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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance […]Powered by WPeMatico
Bitcoin price charges higher, but whales line up to sell BTC at $20K
Analysts claim “mega whales” will make it very difficult for BTC traders to flip $20,000 to support.
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Market Strategist Explains 4 Reasons Why BTC Is Rallying — ‘Ukraine Crisis Highlights How Bitcoin Can Act as a Support Mechanism’
On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged — “Fundamental, Sentiment, Technical, [and] Safety trade.” Northmantrader’s Founder Sven Henrich Describes Why He Thinks ‘Bitcoin Is Rallying […]Powered by WPeMatico
Institutional crypto products eye record AUM as investors pile into Bitcoin
Institutional investors piled $225 million into Bitcoin products while Ether products saw outflows of $13.6 million this past week.
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Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey
According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Bitcoin Bubble Ranking Still, a majority of the interviewed fund managers believe bitcoin […]Powered by WPeMatico
Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually test $100,000. But not before some correction. “$28,000 is in […]
The post Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser appeared first on Bitcoin News.
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Bitcoin Price Watch: Currency at $7,400
At press time, the world’s top cryptocurrency is up to $7,400. This is a massive spike over where it was during the beginning of the week (high $6,000’s). Bitcoin’s price seemingly jumped out of nowhere and within hours. It went from $6,800 to about $7,200 in 30 minutes on Tuesday amidst speculation that Coinbase would […]
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