Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA
BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs. Go to Source Powered by WPeMatico
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Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support
The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range. … Read more
3 reasons why Bitcoin price has not been able to rally back above $40K
Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery. Go to Source Powered by WPeMatico
This classic trading pattern signaled that Bitcoin price had hit a top
In technical analysis, traders interpret the head and shoulders formation as a strong sign that a trend reversal is in process. Go to Source Powered by WPeMatico
Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally
In some cases, unusually high tweet volume can signal that an asset is about to soar, but traders should mind the context. Go to Source Powered by WPeMatico
Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds. Go to Source Powered by WPeMatico
Altcoin roundup: Crypto credit cards could be the missing link to mass adoption
Hodling is nice, but eventually, everyone wants to buy something. This is why crypto debit and credit cards are key to mass adoption. Go to Source Powered by WPeMatico
Coin98 gains 1,200% after Binance listing, Ampleforth soars on Aave integration
C98 rallied 1,200% from its ICO price shortly after listing on Binance and AMPL shot higher after the project integrated with AAVE. Go to Source Powered by WPeMatico
Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin and most major altcoins are meeting resistance at higher levels but the bearish sentiment of the last two months seems to be reducing. Go to Source Powered by WPeMatico
$60K is now more likely for Bitcoin than $20K, Bloomberg’s senior strategist asserts
The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar. Go to Source Powered by WPeMatico