Should Bitcoin Have Trading Halts or Circuit Breakers?

October 19, 1987. Better known as Black Monday (now a Showtime original series), it was the worst market crash in US history since Black Tuesday on October 29, 1929, which triggered the Great Depression. On Black Monday, the Dow Jones Industrial Average fell 22.6%, while S&P 500 futures contracts plummeted 29%.  With trading volumes sky-high and systems overwhelmed all over the world in October 1987, a solution was finally put in place known as “trading […]

What to Expect from Bitcoin After Fed’s Two-Day Policy Meeting

Bitcoin rallied above $11,000 ahead of the Federal Reserve’s two-day meeting. Policymakers will decide whether or not to maintain their benchmark interest rate near zero. A general market consensus notes that the Fed will refrain from making any changes to its easing program. In the short-term, the news can help Bitcoin to continue its bull run. Bitcoin logged a surprising bull run at the start of this week, breaking above $11,000 for the first time […]

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 […]

Troubling Signs: Why One Analyst is Concerned About Bitcoin’s Latest Rally

Bitcoin has been caught within the throes of an intense uptrend throughout the past several days and weeks This has allowed it to post notable gains, despite previously showing signs of weakness as it consolidated at the lower end of its macro trading range The cryptocurrency is now vying for a test of its high time frame resistance at $10,500 One analyst is cautioning investors against growing too bullish when it comes to this latest […]

Bitcoin Just Broke a Descending Trendline from 2017; Is the Bull Market Here?

It has been a wild 24-hours for Bitcoin and the aggregated cryptocurrency market Following a long-held bout of consolidation, the benchmark digital asset is now breaking out and appears to be aiming for a test of its yearly high at $10,500 BTC’s latest break above $10,000 is different from those seen previously and has so far proven to be far more sustainable Analysts are now noting that this movement has also allowed Bitcoin to shatter […]

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 […]

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 Looks Beyond $10.5K as Global Bond Yields Collapse Below 1%

Bitcoin eyes a close above $10,500 as investors hunt for better profits in precarious markets. The analogy appears as a little over 60 percent of the global bond market now yields less than 1 percent. Bitcoin has started the new week with an incredible jump above $10,000. The benchmark cryptocurrency rose by as much as 3.94 percent ahead of the European trading session. As it did, the price established an intraday high at $10,333 – […]

Bitcoin’s Dominance is Signaling That “Altseason” May Be in Grave Jeopardy

Bitcoin’s dominance has been seeing a sharp decline over the past few days and weeks as altcoins have captured the majority of investors’ attention Yesterday, however, this metric hit a historically important region, and shortly after the benchmark cryptocurrency’s price began rebounding Some analysts are now noting that it may be “pullback time” for altcoins, with this potential decline being perpetuated if Bitcoin can smash above $10,000 Ethereum could also play a big role in […]

Here’s Why Bitcoin is Poised to Hit $11,500 Following Overnight Rally

Bitcoin and the entire cryptocurrency market witnessed an intense upswing overnight, with BTC and Ethereum outshining altcoins for the first time in many weeks This sharp upwards movement came about suddenly, and for a brief moment allowed Bitcoin to shatter the resistance it previously faced at $10,000 The selling pressure above this level was heavy, however, and caused the cryptocurrency’s price to decline after it hit highs of $10,200 Despite the rejection here, analysts are […]

Why Bitcoin’s Bullish Accumulation Pattern Could Still Result in a Move to $7k

Bitcoin and the aggregated cryptocurrency market are continuing to flash some signs of strength BTC is now pushing up towards $9,600, with its slow grind higher allowing it to surmount the slight resistance it faced around this price region This recent price action does appear to confirm the existence of a bullish accumulation pattern, which is a positive sign for its outlook One analyst is explaining that the crypto could still decline towards $7,000 despite […]

This Technical Sequence Could Propel Bitcoin to Fresh All-Time Highs

Bitcoin is flashing signs of overt strength at the present moment as it trades above $9,500 This marks the first time in many weeks that the cryptocurrency has been able to post a sustained movement higher Analysts are now closely watching whether or not it can surmount the resistance laced within the upper-$9,000 region It is important to note that the selling pressure here is quite significant This region also coincides with some crucial technical […]

Here’s How Low Bitcoin May Drop Before It Can Rally Even Higher

To the surprise of some investors, Bitcoin has been able to find some relative stability above $9,500 The cryptocurrency has now been trading above this level for over a day, and bears have not been able to catalyze any type of sharp selloff It now appears that BTC may need to see a pullback before it can push any higher, as buyers seem to be losing their momentum One analyst is closely watching one crucial […]

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 […]

Bitcoin’s Break Above $9,500 Could Fuel a Massive Push Higher; Claims Analyst

Bitcoin saw a notable upswing yesterday that allowed it to break through the resistance that it had formed in the mid-$9,000 region This came about shortly after the breakout rally posted by Ethereum, which sent the crypto from the lower-$240 region to highs of $270 It now appears that Bitcoin’s mid-term outlook is significantly brighter as a result of this latest movement One analyst is noting that the benchmark crypto could be well-positioned to rally […]

Why a Growing Risk Appetite Could Send Bitcoin to $14,000

Bitcoin’s price saw an explosive movement higher yesterday that allowed it to surmount its multi-week resistance at $9,500 This movement was technically significant because it allowed the crypto to smash a crucial resistance that it is now being flipped into a support level How BTC trends next will be important for determining its mid-term outlook, as a decline beneath this level would point to weakness amongst bulls Holding above this level, however, could point to […]

Will the Stock Market “Cobra Effect” Economists Warn Of Also Strike Bitcoin?

A Wall Street veteran is warning the “biggest cobra effect in the history of economics” is about to hit the stock market. And it could have a dramatic impact on Bitcoin and the rest of crypto. But what exactly is the “cobra effect” and in what ways will this impact the cryptocurrency market? Cobra Effect Could Crush The Stock Market, Wall Street Vet Warns Larry McDonald is a Wall Street veteran, CNBC contributor, and New […]

Not a Bitcoin Breakout: Fractal Suggests Crypto At Risk of Plunging

Bitcoin climbed higher in the last 24 hours, breaking above the $9,500-mark for the first time in a month. The jump helped improve the cryptocurrency’s short-term bullish sentiment after weeks of a sideways trend. Nevertheless, a convincing fractal from 2019 shows that the upside enthusiasm may live shorter than expected. This week saw Bitcoin breaking out of its narrow trading range to leap over $9,500, a level it last touched on June 23. The benchmark […]

A 4-Month High Bitcoin-Gold Correlation Hints at a Bullish Market Sentiment

The correlation between Bitcoin and its traditional rival Gold reached a four-month high on July 22. At the same time, the cryptocurrency’s correlation with the S&P 500 index plunged to its one-month low. The readings appeared as the US 10-year Treasury real yield sank to a record low last seen in 2012. The proximity between Bitcoin and Gold is growing as investors look for havens against an underperforming US bonds market. A report fetched by […]