Bitcoin Price Fumbled by Heavy Hands
Early Monday trade has Bitcoin price still consolidating below $400. At around 02h00 UTC a now familiar set of hands showed itself in a coordinated sell-off across exchanges. We look at their interesting attempts to preempt a sell-off and examine the effects in the Bitcoin price chart. Bitcoin Price Dunked by Heavy Hands. Global Economy. Bitcoin Price Analysis. Summary. Comments. Bitcoin Price Dunked by Heavy Hands. Heavy hands in the exchanges are fumbling price action by selling against a rising trend. The misconception that current price action is at a similar junction to previous price....
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Let’s have a look at this week’s UFC fight card and recap the NFL playoff picks from last week to see how we did with our Bitcoin bets. Last week, the NFL playoffs came to an end. Now, the Atlanta Falcons will face the New England Patriots in the Super Bowl. To Meryl Streep’s delight there are no NFL games this weekend, but to her disgust, there is a UFC card, and it is stacked. But first, let’s review our last week’s NFL picks… Last Week’s NFL Picks Recap. The Atlanta Falcons destroyed the Green Bay Packers with a final score of 21-44. The Packers had too many dropped balls and turnovers.....
What a week! The cryptosphere is buzzing. Did a single tweet from Elon Musk tanked Bitcoin’s price? Or did weak hands surrender their coins to strong hands at a discount? Even though Elon’s motives are in question, and probably have nothing to do with the environment, MicroStrategy’s CEO came to the rescue. In a recent […]
Bitcoin enters a macro-heavy week with the Federal Reserve’s September policy meeting, updated economic projections and a Powell press conference all landing on Wednesday, September 17—events that have historically set the tone for risk assets into quarter-end. As of early Monday in Europe, Bitcoin trades near $116,500 while Ether changes hands around $4,660, with positioning […]
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Another rise in the bitcoin price — since our last price piece, bitcoin has jumped up by about $3, and is hovering around $673 at press time. With the highly-anticipated block reward halving drawing ever-near, this bump might be an indicator for an even larger rally in the coming days. The Halving: What’s Going to Happen? The halving month has finally arrived, and this could potentially be the first of several jumps in the coming days and weeks. While no one is making any real predictions yet, the fact is that there is no going back. Bitcoin has reached ‘the point of no return,’ and....