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Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week.Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions
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EOS began a descending trend 53 days ago and despite the recent 27% weekly gain, the altcoin is not showing any signs of a reversal. As a result, investors are questioning whether the former top-5 cryptocurrency has what it takes to turn around after Daniel Larimer, CTO of the development
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Bitcoin has surged above the overhead resistance and that
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Bitcoin (BTC) surged even higher on Oct. 6 as its spot price saw a sudden surge upward to over $55,000, its highest since May 12.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin fully cancels out China mining routData from Cryptox Markets Pro and TradingView shows BTC/USD hurtling to $55,500 on Oct. 6.The
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Bitcoin (BTC) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price hits one-month highData from Cryptox Markets Pro and TradingView showed BTC/USD adding another 5% Tuesday to briefly return to the psychologically significant price
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Bitcoin bulls have set their sights on $50,000 and this
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Creator of the popular Bitcoin price prediction chart “stock-to-flow”, PlanB, puts $135k target for BTC by December 2021. What Is The Bitcoin Stock-To-Flow Model? The BTC stock-to-flow (S2F in short) method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock (current supply) and the
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Bitcoin (BTC) is headed to what is arguably a mathematically "programmed" all-time high of $200,000 or more, the latest data hints.In a series of tweets on Oct. 4, popular Twitter commentator TechDev highlighted familiar bullish behavior in Bitcoin's relative strength index (RSI).2021 Bitcoin RSI simply follows the patternWhile still lingering
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Bitcoin (BTC) starts a new week fresh from its first attempt to crack $50,000 in over a month — what’s in store next?After an encouraging weekend, BTC/USD faces an increasingly bullish macro climate and a host of expectations from analysts who demand that October changes the game.Q4, they say, should
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Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo.Describing the news as “positive news for the pockets of Salvadorans,” the president announced the subsidy via Twitter on Sept. 30. According to a
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