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Bitcoin Cryptocurrency News

Why Has Bitcoin Become A Leading Indicator For The S&P 500?

Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing. The stock market also saw the largest single-day loss since June.  But why did Bitcoin suddenly lead the stock market almost tick for tick on price 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 Cryptocurrency News

The Market Is “Too Sober” For Bitcoin to Top At Current $11,500 Level

Analysts think that the Bitcoin market is “too sober” to top at current price levels. BTC trades at $11,600 as of this article’s writing, perpetuating the consolidation it has been in for the past three weeks. Why Bitcoin Is Unlikely to Top Here One cryptocurrency trader thinks that it’s unlikely that Bitcoin is forming a Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Here’s Why This Historically Accurate Analyst Thinks Bitcoin is In No Man’s Land

Bitcoin has flatlined in the mid-$11,000s over the past few days. Some say that this formation is bullish as BTC remains above the $10,500 support. A historically accurate analyst thinks that Bitcoin may technically be in no man’s land. He shared two scenarios, one bullish and one bearish, and noted that neither has been confirmed. 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…

Bitcoin Cryptocurrency News

Bitcoin Eyes Another Attempt at $12K amid Global PMI Releases

Bitcoin is looking to retest $12,000 in the coming daily sessions as investors await the release of crucial purchasing managers’ economic indicators. Dubbed as PMI, which stands for Purchasing Manager’s Index, the index studies the prevailing direction of the economic trends in services and manufacturing sectors. It, therefore, serves as a barometer to gauge current Read more…

Litecoin [LTC] Price Analysis: Bulls wrest control as LTC market looks to breach more short-term resistance points
Altcoin Cryptocurrency News

Analysts Are Expecting Chainlink (LINK) to Pull Back After Parabolic Advance

Chainlink (LINK) has been embroiled in a parabolic rally in recent weeks. The asset has gained hundreds of percent since the March capitulation lows. Chainlink could undergo a correction as technical signals suggest that the asset is overbought. There are also on-chain signals that show LINK investors are hesitant to believe the rally will continue. 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…

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Bitcoin Cryptocurrency News

With Value Approach, Off The Chain Capital Is Changing The Bitcoin Investment Narrative

When viewed from a traditional investing lens, bitcoin may seem like a risky bet. The technology is still relatively new, the price is notoriously volatile and it’s not uncommon to hear investors caution newcomers not to invest more than they can afford to lose in BTC. But the performance of Off The Chain Capital, a Read more…