Bitcoin Price Soars: More Upside on the Cards?
The bitcoin price has been relatively stable over the last few days, but as per our standard trend, the action we have seen over the weekend looks to have injected some volatility into the space. The bitcoin price gained strength over the weekend, and hit overnight lows on Sunday night just shy of $400 flat - a level not seen in a little while. So with this said, and as we head into a fresh week's worth of action in the bitcoin market, what are the levels we are looking at today, and where are we looking to get in and out of the markets according to our intraday strategy? Take a quick look....
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Late last night, when we published the second of our twice daily bitcoin price watch pieces, the market was hovering around the $300 mark. Action has now matured across the Asian session, and we are heading into a fresh European session today. As we head into the session, where is the bitcoin price currently trading, what happened overnight, and how has the Asian session influenced our strategy for today's session? Take a quick look at the chart to get an idea of what we're watching. As the chart shows, the levels in focus for todays session are in term support at 304.75 and in term....
Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....
There sees to be no limit to the upside potential we are seeing in the bitcoin price at the moment. Fundamentally, there have been no real developments (nothing that differs from the usual bitcoin news updates, at least) and so the momentum we are seeing looks t be purely sentiment driven. People are finally coming around to the idea that bitcoin can serve as a risk off asset and, as a result, the bitcoin price is picking up pace. The action we have seen as late has made for an interesting few weeks for our intraday strategy, with the primary focus having been to the upside through....
April has seen a stellar run from BNB, growing 86% in less than two weeks and hitting an all-time high today. Over the same period, its market cap has near doubled from $49bn to $96bn. While this is still just over a third of Ethereum’s market cap, a stalling ETH 2.0 rollout schedule has observers […]
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin Revenue Soars Square Inc. released its Q3 2020 earnings report on Thursday. The NYSE-listed (NYSE: SQ) company with a market capitalization of $86 billion provides software and hardware payments products and small business services. Its CEO Jack Dorsey also co-founded Twitter. Square’s....