Noise Free, Here’s Why Bitcoin’s Fundamentals Remain Intact
Bitcoin has been hit by another succession of FUD. At the time of writing, the first cryptocurrency by market cap sits at the higher area of $30,000. Price action is still choppy and uncertainty about a persistent downside trend appears to be taking a toll on the bulls. A report published by investment firm Coinshares, […]
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It is the worst of times. It is the best of times. It is the age of fear, uncertainty, and doubt. Nevertheless, Bitcoin’s fundamentals remain intact. The project’s value is still there, despite the disastrous drop in price. It was all going so well. How did we get here? Actually, there are a lot of […]
Bitcoin has faced a slight retracement since the $16,500 highs set a few days ago. The leading cryptocurrency has dropped to $16,000 as of this article’s writing and fell as low as $15,700 on Saturday morning. Despite this, Willy Woo said that the on-chain fundamentals remain bullish. Bitcoin Remains Bullish: Willy Woo Bitcoin has faced a slight retracement since the $16,500 highs set a few days ago. The leading cryptocurrency has dropped to $16,000 as […]
Bitcoin price is currently reeling due to a series of rejections above $60,000. After such a powerful impulse upward, technicals are severely overheated and beginning to turn down. But regardless of any technical-driven selloff that might result, such continued bullish fundamentals in the leading cryptocurrency by market cap could keep prices from going too low, […]
The movement of Bitcoin’s price continues within the limits of the weekly flat. A new upward surge could be a false one, and the price will return back inside the flat. What is needed for the growth to continue? The movement, which is forming at the level of $518, could turn out to be a wave of the flat. Such a probability will be there until a fortification happens. In order to determine which side has the advantage, we need to analyze the nature of Bitcoin’s price movement. The continuation of the upward trend will become the most probable after the scenario of a continued weekly flat....
Needham & Company has revised its bitcoin price projection as well as its outlook on the Bitcoin Investment Trust (OTCQX: GBTC). The firm sees improvement in bitcoin’s fundamentals, but not in GBTC, downgrading the firm’s rating from “Buy” to “Hold.” Needham Sees Improved Bitcoin Fundamentals. Needham & Company is the investment banking and asset....