Bitcoin Fundamental Tool Produces Worst Reading Since the Bull Run Began
Bitcoin has given the worst Puell Multiple since this bull run began. The coin has been on a downward spiral lately. News of crackdowns out of China. Miners having to find alternate locations for their activities. Mining facilities are airlifting their mining rigs out of China to the U.S. China also issued a ban […]
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Indicators point to the moon as an ailing macro economy provides a mass influx of retail investors into Bitcoin. Bitcoin (BTC) is looking increasingly like it is in a “supercycle,” not just a bull cycle, statistician Willy Woo suggests.In a Twitter exchange on Feb. 12, the popular analyst joined Dan Held, growth lead at U.S. exchange Kraken, calling the current BTC market a bull run like no other.Woo: Retail has arrivedHeld had previously explained his theory about the state of Bitcoin in 2021 — that price gains cannot be compared to past bull phases, and do not even match the end of 2017....
As the world prepares to say goodbye to another year and Bitcoin nears its sixth birthday, we look back at one of the more memorable and eventful year of Bitcoin's history. A year in which Bitcoin began to mature and, just like a six year old child going to school for the first time, left his home to meet the world and learn how to deal with hostile strangers, authoritative teacher regulators and make many, many new friends. 2014 is the year when Bitcoin was thrown into the sea to sink or swim and was tested to its limits to only come back stronger than ever before. The shark of MT Gox and....
An important fundamental health signal of the Bitcoin network just crossed into “capitulation” territory, which in the past was associated with downside risk. However, the tool’s creator says that it wasn’t designed to give sell signals, and shouldn’t be interpreted that way. But because of how profitable its been used as a buy signal over […]
Amongst the fundamental values of crypto, an important point is having financial freedom for all. Crypto is meant to be an unbiased tool, untied to the strings of governments and banks, a tool against oppression and authoritarianism. If your money can be taken away from you by regimes and governments, is it truly your money? […]
Last week, when the June monthly candle came to a close in Bitcoin, it also signaled the end to the second quarter of the year and its first half. The top cryptocurrency suffered its worst quarterly decline since 2011, but it ultimately held above a key support level. Here is a closer look at the quarterly support level currently holding in BTCUSD and how it has put in nearly ever major bottom in the past. Bitcoin Crash Falls To Level Where Bear Markets Bottom Throughout the 2018 bear market, a primary narrative giving hope to bag holders, was the fact that institutions would eventually....