reversal – DIGIT INFO

Can Bitcoin repeat a 2017-like rally as dollar correlation reverses?

DIGIT — Wed, 05 Jul 2023 14:23:00 +0000

The Dollar Index disconnect from Bitcoin does not necessarily mean that BTC price is about to experience a big rally, historic data suggests.

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Here’s a clever options strategy for cautiously optimistic Bitcoin traders

DIGIT — Tue, 01 Mar 2022 23:05:00 +0000

Pro traders often use the risk reversal options strategy to hedge their bets and profit in the case of an unexpected rally.

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Markets Update: Crypto Analysts Remain Uncertain After 2019’s First Week of Trading

DIGIT — Sun, 06 Jan 2019 17:15:08 +0000

Since our last markets update, cryptocurrency markets consolidated within a tight range and have been less volatile over the last few days. The market capitalization of the entire cryptocurrency economy has gained about $5.7 billion and a few of the top coins have seen some price jumps this week. Also Read: Embracing Utility in 2019: […]

The post Markets Update: Crypto Analysts Remain Uncertain After 2019’s First Week of Trading appeared first on Bitcoin News.

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Short Squeeze Catapults Price of Bitcoin Past $7,600

DIGIT — Thu, 12 Apr 2018 17:37:32 +0000

Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for such a price movement was a textbook short squeeze. A short squeeze occurs when a sharp price movement forces the liquidation of short contracts, causing each losing trade to market buy their position. As a result, these market buys further push the price upwards, causing

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Following Bullish Sentiments: Price of Bitcoin Eyes $7,000, Global Markets Green

DIGIT — Wed, 11 Apr 2018 17:54:33 +0000

While it may be premature, many are suggesting that a true reversal is finally taking place. As Bitcoin establishes higher lows, and more and more altcoins are seeing huge appreciations, there seems to be evidence to suggest the bears are being driven out. Coupled with abundant, positive news recently, it’s possible that the extended red will soon turn green. Last week, Bitcoin (BTC) held support at US$6,600. More recently, floors were established at $6,700, and days later $6,800. Today, Bitcoin is holding above the $6,900 mark, and is gradually pushing towards a renewed support at $7,000. This growth has been

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