, , , , ,

Top Analyst Explains Why Bitcoin Price is Up 78% amid Coronavirus Outbreak

Bitcoin resumed its roller-coaster rally even as the worsening Coronovirus pandemic discouraged investors from holding risky assets. The benchmark cryptocurrency jumped 29.11 percent in the last 24 hours, hitting a new weekly high of $6,900…
, , , , , , ,

Bitcoin Jumps as US Stock Futures Rebound after Coronavirus-induced Sell-off

Bitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week. The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders…
, , , , , ,

Bitcoin Eyes Close above $14,000, According to Textbook Technical Indicator

A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000. Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern. Investopedia defines it…
, , , , , ,

Bitcoin to Form ‘Death Cross’ For First Time since Sept 2019; Severe Correction Imminent?

Bitcoin appears to be forming a severely bearish technical indicator that analysts call a “death cross.” The grimly-named signal will kick in when bitcoin’s 20-day moving average drops below its 50-day moving average. So it…
, , , , , , , ,

Fund Manager Discusses Three Factors that Will Trigger Next Bitcoin Rally

The bitcoin price has slipped by almost 5.5 percent from its yearly high at $8,388 and could be in for a massive downside correction. But that has not deterred a prominent fund manager from projecting a bullish case for the world’s largest…
, , ,

Bitcoin Price Analysis: BTC Up 9 Percent, Bulls Aim at $4,500

Latest Bitcoin News After a damaging fall from Dec 2017 peaks, Bitcoin bulls are well positioned to recover and print above Nov 2018 highs all because of changing sentiments and bullish candlestick formation of the last three days. On the fundamental…
, , , , , ,

Bitcoin Price Analysis: BTC is a “Melting Ice Cube” Says CEO

Latest Bitcoin News Like Bitcoin prices shifting, so is Bill Gates-the founder of Microsoft who back in 2014 said Bitcoin is “used to buy drugs like synthetic opioid fentanyl” and the “anonymity of digital currencies meant they were linked…
, , , , , , , ,

Crypto Volatility Woes Over? Bitcoin and Ethereum Stable for Over a Year

Word is, Bitcoin is the new stablecoin. Indeed it has, and behind this observation are solid metrics and research findings. Recently, the Chicago Board Options Exchange (CBOE) released their findings demonstrating that Bitcoin volatility is…
, , , , , ,

Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax

Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week,…