Bookmarking Crypto Insights
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The fractal setup appeared at the beginning of the Bitcoin price rallies in January 2019, January 2020, March 2020 and December 2020. Go to Source Powered by WPeMatico
An on-chain indicator, notorious for spotting fake bullish breakouts during downside corrections, flashes again. Go to Source Powered by WPeMatico
The dominance of Bitcoin transactions of values above $1mm doubled year-over-year, hinting at a rising institutional involvement in the cryptocurrency space. Go to Source Powered by WPeMatico
“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Go to Source Powered by WPeMatico
Even as Bitcoin trades almost 35% below its previous record high of about $65,000, long-term investors have not contributed actively to its decline. Go to Source Powered by WPeMatico
The flagship cryptocurrency hits its highest level in more than two months as inflation is expected to rise by another 0.5% in July. Go to Source Powered by WPeMatico
Indicators suggest that Bitcoin is looking to repeat the October 2020-like rally that sent the prices from $10,000 to $65,000. Go to Source Powered by WPeMatico
$42,000 is becoming an increasingly important battleground for Bitcoin bulls and bears. Go to Source Powered by WPeMatico
The MACD indicator hints at a potential bullish crossover as Bitcoin price retests $40,000 as support. Go to Source Powered by WPeMatico
Bitcoin is in wait-and-see mode as the dollar trades near two-month lows on warnings that the Fed could continue its stimulus programs. Go to Source Powered by WPeMatico
