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ViewBitcoin's January surge has put the bulls into the driver's seat, opening the doors for a continued rally into five figures. A minor pullback to $9,000 could be seen in the next 24 hours or so, with intraday indicators are flashing bearish signals. The overall bull bias will remain intact
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Experts believe bitcoin’s explosive price rally is about to hit an end as a trend-defining technical indicator screams ‘sell.’Bitcoin’s Open Interest (OI) is approaching $1 billion on BitMEX. Historically, whenever the total valuation of unsettled contracts touches the said valuation, bitcoin’s price in spot markets plunge. In September 2019, for
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Bitcoin rallied more than 5% and broke key hurdles near $8,250 and $8,500 against the US Dollar. BTC price might continue to rise towards $8,780 and $8,800 in the near term.Bitcoin price is gaining bullish momentum above the $8,400 resistance against the US Dollar.There was a crucial upside break above
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Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now. Even I saw some bullish momentum as outlined in last week's analysis, but have we seen the bottom yet?
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The correlation between gold and bitcoin has reached its highest levels since August 2016, according to a new study.Arcane Research, a cryptocurrency-focused data analysis firm, noted a steep direct proportionality between the two rival assets. In a report published on Friday, the firm mentioned that the correlation was “below zero
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Those who missed the 2019’s Binance Coin (BNB) price rally can still stage profits off the cryptocurrency in 2020, hints its supreme backer Changpeng Zhao.The Binance exchange CEO theorized a potential positive correlation between BNB and its top rival Bitcoin. He noted that the current upside sentiment in the bitcoin
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Flex Yang is co-founder and CEO of Babel Finance. Babel Finance is one of China’s largest financial service providers. The firm works with crypto mining companies
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After seeing a small retracement (as predicted in one of NewBTC’s Bitcoin analysis articles), BTC continued to rocket higher on Tuesday. As of the time of writing this, the leading cryptocurrency has tapped $8,100 for the first time in literal weeks — in six weeks, to be exact — managing
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For the third or fourth day in a row, bulls have decisively taken control of the cryptocurrency market. Leading the pack wasn’t Bitcoin or Ethereum (ETH), it was XRP, the third-largest cryptocurrency by market capitalization and an asset that is either despised or loved.Related Reading: Bitcoin is On the Brink
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The cumulative sum in dormant bitcoin addresses surpassed 12.58 million BTC, worth just about $100 billion at current price. It indicates most investors are holding strong despite volatility in the market.It also demonstrates that amidst one of the steepest falls in recent history from $13,900 to $6,410, the majority of
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