$12k Bitcoin Can Unlock Prices “As High as Imagination” Will Allow: Analyst

Bitcoin has faced a rejection after surging as high as $11,500 on Monday. As of the time of this article’s writing, BTC is at $10,800. Analysts remain optimistic despite this drop from the local highs, arguing that the bearish market structure that persisted last week is now broken. One macro analyst says that if Bitcoin breaks past $12,000, the sky may be the limit for the upcoming bull run. Others say that $13,900-14,000 has more […]

Bitcoin Breakout Above $11K Should Lead to All-Time High: Analyst

Bitcoin leaped over the $11,000-level Monday for the first time since August 2019. The rally appeared as a weakening dollar injected new buying momentum in the safe-haven assets. Josh Rager, the co-founder of Blockroots, stated the latest jump should lead Bitcoin to an all-time high after recalling a similar move from 2019. A flurry of supportive fundamentals helped Bitcoin price break above $11,000, a level it last touched in August 2019. The benchmark cryptocurrency established […]

The Cost of Bitcoin Surging 15% in 24 Hours: $500 Million in Liquidations

Bitcoin has seen explosive price action over recent days. As of this article’s writing, the asset trades for $11,200 — more than 10% higher than it was 24 hours ago. The recent price action was expected by many market commentators. Though, data suggests that there were also many Bitcoin traders liquidated, suggesting they weren’t expecting the asset to move so fast. Data suggests that there was over $500 million worth of Bitcoin leveraged positions (both […]

Bitcoin Explodes Past $11,000, Liquidating Dozens of Millions Off BitMEX

Bitcoin has continued to roar higher after our last market update. As of the time of this article’s writing, the cryptocurrency trades at $11,400. This is the highest price the asset has traded in approximately a year. This latest move higher is convincing bulls that bulls are in control after months of consolidation. Minutes ago, Bitcoin crossed $11,000 for the first time in over a year. With money rushing in, the price of the asset […]

Bitcoin Price Pierces the Ultimate $10,500 Level: Will Bulls Manage to Hold?

Just minutes ago, Bitcoin pierced the crucial $10,500 level for the first time since rallies earlier this year. The level is of utmost importance for BTC bulls as previous bull trends ended at $10,500. Bitcoin’s strength comes as altcoins have crashed across the board, potentially giving validity to the ongoing uptrend. Analysts, from those on Wall Street to those in the crypto space, say that BTC must hold above $10,500 in the days ahead to […]

Gold Sets Record High Ahead Of Second US Stimulus, Will Bitcoin Follow?

Today, the United States is expected to introduce the details of its latest economic stimulus package. Ahead of the expected record bout of money printing, hard assets like Bitcoin, gold, and silver began soaring.  Overnight, gold set a new all-time high price record. Meanwhile, Bitcoin may have broken out from a multi-year triangle formation that could signal the start of a new bull run. Will the cryptocurrency follow precious metals and set a new all-time […]

Bitcoin Just Exploded Past $10,000 But Data Says Institutions Still Bearish

Bitcoin is trading at $10,250 as of this article’s writing, reaching the highest price traded since June’s highs. This recent breakout has been met with much excitement from the cryptocurrency industry. Some think it marks the start of a larger bull run that will eclipse the last one (2016-2017). Data suggests that institutional traders remain short-term bearish on Bitcoin. Surveys and other indicators, though, suggest that institutions of the “old guard” remain long-term optimistic about […]

Bitcoin Forms Striking Sell Signal After Rallying 10% Higher to $10,300

Bitcoin is moving past resistances above $10,000 after making the initial breakout some 24 hours ago. As of this article’s writing, BTC trades for $10,225, having traded as high as $10,350. Despite the rally, not everyone is convinced this is the breakout that will kickstart another massive move. This sentiment can be corroborated by a bearish signal recently formed by the tom Demark Sequential (TD Sequential). The time-based indicator has printed a series of bearish […]

Analysts Explain Why Bitcoin Price Risks Falling Below $10K

Bitcoin jumped above the $10,000-level on Sunday for the first time in almost two months. The rally appeared as falling yields on US bonds lifted demand for safe-haven assets. Nevertheless, some analysts, including gold bull Peter Schiff, expect Bitcoin to correct below $10,000 in the coming sessions. Bitcoin broke above $10,000 on Sunday after consolidating inside a sideways range for almost two months. The benchmark cryptocurrency rallied 8.19 percent in a three-day winning streak, hitting […]

Bitcoin Just Hit $10k But It May Rally Higher as More Stimulus Nears

It’s been an explosive past few days for Bitcoin. After starting last week at $9,200, the asset now trades above $9,900. BTC temporarily hit $10,200 on leading exchanges just hours ago. Some fear that the initial rejection at $10,000 is a sign that BTC has room to fall. A U.S. stimulus package set to be released on Monday may change Bitcoin’s fate, though. After all, the previous stimulus package is what many say is behind […]

Analyst Who Predicted BItcoin’s 2018 Bottom Thinks $10k Is Imminent

Bitcoin has been strongly underperforming Ethereum over recent days. The former is up around 6% while the latter has gained in excess of 30%. While some commentators see BTC’s inability to rally in pace with ETH as a bearish sign, some beg to differ. The same analyst who predicted the price at which Bitcoin would bottom in 2018 is now saying a breakout to $10,000 is highly possible. This rally would be part of his […]

Bitcoin Is Readying for “Big Move,” Says Fund Manager Who Predicts $50k BTC

Bitcoin has seen immense strength over the past few days relative to its price action over the past few weeks. As of this article’s writing, the asset trades for $9,700 — up more than 5% since the start of the week. Analysts remain certain that a larger breakout is coming as BTC lags Ethereum and other altcoins while volatility indicators stay low. A fund manager and commentator in the space who predicted Bitcoin will hit […]

These 3 Metrics Suggest Bitcoin Is Building Up Bullish Momentum

Bitcoin is finally rallying after weeks of flatlining in the low-$9,000s and high-$8,000s. As of this article’s writing, the asset trades for $9,750 — the highest price in about a month. Volatility remains low on a macro scale, according to analysts and volatility indicators. This indicates the asset will soon see a strong breakout. A senior analyst at Into The Block, a blockchain analytics and data firm, says there are signs that this breakout will […]

Bitcoin Just Surged Past $9,700: What Do Analysts Think Comes Next?

Bulls seem to be decisively back in control, with Bitcoin retaking $9,700 just minutes ago for the first time in weeks. At the current price of $9,700, the asset is trading at highs not seen since the end of June. Analysts are trying to determine what’s next for this market as it inches above crucial resistance levels. Bitcoin has just broken above $9,700 for the first time in weeks. This comes on the back of […]

Wall Street Giants Expect Gold to Rally Further: How Bitcoin May React

Bitcoin’s price action over recent days has been impressive, but even more so is that of gold. The price of the precious metal has cracked nine-year highs on the back of a confluence of macro trends. It now trades for $1,901. A gold ounce is a few percentage points short of the all-time high around $1,920, though many remain certain it can move higher. Bitcoin stands to benefit from a surge in the price of […]

Analyst Who Predicted Bitcoin’s V-Shaped Reversal Expects Rally to $17k

Analysts are wondering what comes next for the Bitcoin market as volatility has continued to tighten to multi-year lows. Traders are divided, with BTC’s futures markets having largely neutral funding rates. A cryptocurrency analyst who predicted that Bitcoin would see a V-shaped reversal from the March lows expects the consolidation to resolve upward. This analyst said that there’s a good likelihood the leading cryptocurrency can trade as high as $17,000 in 2020. That would mark […]

Banks Putting 1% of Assets Into Bitcoin Could Send BTC Past $20k: Analyst

U.S. banks can now hold cryptographic keys, meaning they can store Bitcoin, Ethereum, and other digital assets. Analysts say that this move is extremely positive for this space. One commentator says that a move by U.S. banks to hedge and invest in Bitcoin, even with 1% of their assets, could send this market skyrocketing. A growing number of Wall Street investors have revealed they’re holding Bitcoin as a hedge after considering the asset’s macro performance. Their […]

Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider

For the past month, Bitcoin has effectively flatlined in an extremely tight consolidation pattern. Prices have been locked in a ~7% range between $8,900 and $9,400. Earlier this week, the cryptocurrency began to resolve the consolidation by inching higher. This culminated in a strong surge higher that peaked on Thursday, when BTC hit $9,650 on leading exchanges. Analysts say Bitcoin has room to rally despite the fact the asset remains below key resistance levels. Bitcoin […]

Bitcoin Analyst Warns of “Insane Shakeout” as Price Breaks Below $9.6K

Bitcoin rallied above $9,600 during the afternoon hours of the New York session Thursday. But it corrected lower on profit-taking sentiment among daytraders. Market analyst Ryan Scott warned that Bitcoin could undergo an “insane shakeout wick.” Bitcoin price held steady on Friday despite correcting below $9,600 following a supersonic rally yesterday. The benchmark cryptocurrency established a quarter-to-date top at $9,686 as bids for safe-haven assets, including gold, picked momentum against rising unemployment claims, and US-China […]

Why a Trader Is “Cautious” in Longing Altcoins as Bitcoin Pushes $9,600

Altcoins have seen explosive growth over the past few weeks, but Bitcoin has recently regained the spotlight. With BTC and Ethereum (ETH) seemingly poised to begin to trend, investors are hesitant to go long on altcoins. Certain altcoins are already seeing harrowing pullbacks, dropping dozens of percent from their local highs established earlier July. As of this article’s writing, Bitcoin trades for $9,650 and Ethereum trades for $275. This is far above the prices seen […]