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Bitcoin Cryptocurrency News

After $2,000 Drop, Bitcoin Could Undergo a Strong Bounce For These 4 Reasons

Bitcoin has sustained a heavy correction over the past few days. At the local lows, the leading cryptocurrency was trading at $9,800. At current, BTC is trading for $10,100 as buyers have stepped back in. Millions worth of futures contracts have been liquidated over recent days; Skew.com reports that $350 million worth of longs has Read more…

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Bitcoin Cryptocurrency News

Bitcoin Analyst Who Accurately Foresaw Feb Crash Says $9.8K is Next

Bitcoin is going to fall to $9,800, according to a pseudonymous analyst. The prominent daytrader cited the formation of a Head and Shoulder pattern behind his bearish analogy. In retrospect, H&S is a technical pattern described by three peaks. The outside tips are higher in levels while the middle one is the highest. Meanwhile, they Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Institutions Just Closed a Vast Majority of Their Bitcoin Short Positions: Data

Bitcoin is pushing higher after bottoming at $11,150 last week. The asset now trades for $11,650 as of this article’s writing. BTC is trading above a pivotal support level as we come into the weekly candle close, which bodes well for bulls. Institutions are responding to the price action by closing their shorts they opened Read more…

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Bitcoin Cryptocurrency News DeFi

OKEx CEO Jay Hao: Many People Will Lose Money In DeFi (Exclusive Interview)

OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao. Hao spoke of the challenges OKEx has Read more…

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Bitcoin Cryptocurrency News

Bitcoin Reclaims $11.5K, ETH Above $400: The Sushi Farming Tokens Skyrocket (Market Watch)

Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw Read more…

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Bitcoin Cryptocurrency News

This Eerie Silver Fractal Predicts Bitcoin Will Soon Shoot Towards $20k

As evidenced by the array of opinions online, many are divided over what’s next for Bitcoin. There are some saying that a massive bull is imminent. Others believe that a correction back towards $10,500, then lower, is entirely feasible. An eerie fractal that predicted Bitcoin’s ongoing consolidation, though, suggests the trend is bullish. The analyst Read more…

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Bitcoin Cryptocurrency News

Dave Portnoy Lost 1.6% of His Crypto Investment, Then Liquidated His Bitcoin

Dave Portnoy famously entered the Bitcoin and crypto market last week with the help of the Winklevoss Twins. He originally bought $250,000 worth of digital assets, $50,000 into Chainlink and the rest into Bitcoin. The video of him buying this cryptocurrency went crypto-viral as many acknowledged the significance of his entrance into the industry. While Read more…

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Bitcoin Cryptocurrency News

Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further

Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible. Mike McGlone, the senior commodity analyst at Read more…

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Bitcoin Cryptocurrency News

Gold and Silver Start to Move Higher, Will Bitcoin Follow? (BTC Price Analysis)

Bitcoin price continues to remain inside the bullish ascending triangle, despite several attempts from bearish traders in the last three days to break through the pattern’s vital up-trending support. On the 4-Hour BTC/USD chart, we can see that bulls have successfully eaten up all 6 of the candles that wicked down beneath the support, but Read more…