Stack Funds hails Bitcoin's 'healthy correction' predicts ‘euphoria’ ahead
Bitcoin could surge towards $100,000 next year following yesterday’s “healthy pullback”, with market psychology currently in the “belief” stage says Stack Funds. Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before Bitcoin continues its upward trajectory. Bitcoin broke through $19,000 earlier this week after posting seven weeks of consecutive gains. According to the firm, the crypto has been at overbought levels since October, further supporting the need for a correction.The firm examined metrics around market psychology,....
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The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If […]
Bitcoin's market cap to thermocap ratio is primed to repeat bullish behavior, analysis from Stack Funds says. Bitcoin (BTC) investors have “not long” to accumulate before a continuation of the bull run past $20,000, a new report says.Released on Dec. 10, the Weekly Report from Asian crypto fund provider Stack Funds predicts that one indicator in particular will follow historical precedent and propel Bitcoin higher.Report: You can buy BTC, but "not for long"According to Slack, the market cap to thermo cap ratio (MCTC) is showing signs of repeating its performance in 2017, the year in which....
The Bitcoin market is shaking off the strong correction to $10,400 last week. The leading cryptocurrency currently trades for $10,700, a few percent above those lows as buyers come in ahead of the legacy market open on Sunday. In the past 24 hours, Bitcoin is up a healthy 1%, allowing it to actually outperform a […]
After a harsh correction period, the mysterious analyst known as PlanB predicts Bitcoin will reach unexplored heights. That’s what his famous and often quoted Stock-To-Flow or S2F model predicts, and so far everything seems to be going according to plan. PlanB, that is. The analyst behind the pseudonym refers to “the point of no return,” […]
Ethereum’s native token ETH fell by more than 20 percent from its session high of $1,350 on profit-taking sentiment. While technical indicators point to further correction lower, one analyst believes the second-largest cryptocurrency could hit its record high levels in the sessions ahead. The pseudonymous entity rested his bullish setup on one condition: that the […]