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Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin X Dear reader, some third-party applications like Twitter, Youtube and Google Analytics are utilizing cookies. By rejecting this cookie consent, you might not be able to read the full article due to embeds.Privacy Policy AcceptPrivacy & Cookies Policy Source
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Bitcoin (BTC) stayed around $7,500 on Nov. 27 after a surprise bullish reversal took markets $700 higher the previous day.Cryptocurrency market daily overview. Source: Coin360Bitcoin clings to surprise gainsData from Coin360 showed BTC/USD come down slightly from Wednesday’s local highs of $7,640 to trade just over $7,500 at press
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Normally, this ongoing drop in prices, which comes only a month after a 42% expansion in a day, pushed the bulls to their limit. An eminent Twitter trader, Bitlord, said he had left the Bitcoin business due to the ongoing tumult in the market, denoting an indication of capitulation.Over the
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Bitcoin (BTC) closed the week down at $6,900 having lost around $1,400 or 18.72%. Monday got off to a disastrous start for the bulls, with a selloff in the Asian market session, losing another 5.5% finding lows of $6,500 before the bulls responded with a 13% swing back over
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As the price of Bitcoin (BTC) was retracing from the massive rally four weeks ago, no clear indications were seen on the charts of a potential reversal. Thus, the price started to accelerate downwards to the next support areas, causing the price to drop $1,000 within one day.Crypto market
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In recent months, Bitcoin price has slowly descended from the 2019 high of $13,880 to the current levels of just above $8,130. This plunge is beginning to put weak miners out of business. In the past week, Bitcoin’s mining difficulty plunged 7% abruptly. That drop enabled miners to easily solve
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Bitcoin’s mining difficulty suddenly dropped. The move down indicates that inefficient miners are going out of business. The capitulation of weak miners is long-term bullish for the dominant cryptocurrency. Bitcoin’s slow descent from the 2019 high of $13,880 to its current level of $8,130 is starting to put weak miners out of business.
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Bitcoin (BTC) closed the week down almost 6% at $8,500. Altcoins performed slightly better than BTC but collectively also closed lower for the week, down 3.5% against the dollar. Bitcoin dominance remains relatively flat and continues to hold 68% of the total share of the cryptocurrency market.Monday has brought
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BNB has been maintaining a bullish move for the past few weeks, but the price is now retracing near $20.5 support level.Binance Coin remains bullish on the hourly chart, but the bears may take over if the price drops below the ascending broadening wedge.Over the past few weeks, Binance Coin
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David Marcus believes that Bitcoin can be considered to be digital gold and has given bullish indications as to where Bitcoin is going.In what seems to be both a conflict-of-interest and also an effort to promote his cryptocurrency, the head of cryptocurrency projects at Facebook David Marcus has given bullish
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