Why One Trader is Waiting for $20,000 Before Jumping Back into Bitcoin
Bitcoin’s price is rapidly navigating back up towards its all-time highs. This comes after the crypto faced some immense turbulence throughout the past week Each rejection at roughly $19,800 has had far-reaching implications for the cryptocurrency, but it has been able to set higher-lows This is a bullish sign that suggests the selling pressure at this price level is beginning to degrade Where it trends in the mid-term may depend largely on how strong the […]
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The founder of Barstool Sports blog, Dave Portnoy, announced he purchased 29 bitcoin on January 28, spending more than a million dollars. The day trader has had his ups and downs with bitcoin over the last few years, and it seems he’s now jumping back into the market.
Day Trader Dave Portnoy Bought 29 Bitcoin on the Fly After His Ups and Downs With the Leading Crypto
In August 2020, the stock trader and the founder of Barstool Sports blog, Dave Portnoy, told his Twitter followers that he currently owned “zero bitcoins.” “I will wait and watch,”....
As a young blogger in the Bitcoin world, my job consists of a lot of waiting. Waiting for that dude to email me back, waiting for my articles to be published so I can get paid, just waiting. A few weeks ago while waiting, however, I got an interesting email. My friend John Scianna hit me up one night, telling me we're going to Cryptolina, the first ever bitcoin conference in the Carolinas. The brief message read "Yo K Cruz we goin' to Cryptolina in North Carolina with the College Cryptocurrency Network". TheCollege Cryptocurrency Network (CCN) is a student advocacy and outreach group that....
Trading sideways for a while could be healthy for Bitcoin. After its rise past $40,000, and a correction back to nearly $30,000, Bitcoin (BTC) has rebounded once again. Stalling before jumping back up past highs near $42,000 could be good for the asset, however, according to Brian Krogsgard, a trader and podcaster going by the name LedgerStatus on Twitter. “Bitcoin's correction was healthy in a strong bullish environment, mean reverting back to the 20 day moving average,” Krogsgard told Cointelegraph on Thursday. “With a strong bounce now, it is time to see if it will immediately continue....
Bitcoin price is back at local highs, but still struggling to set a new record beyond $61,800. The lack of a further push by bulls even with positive news out of PayPal, has caused one iconic trader to warn of the possibility of a topping pattern forming. The theory is based on a set of […]
Bitcoin zipped past $20,000 per coin this morning, pushing the asset into uncharted waters. After toying with all-time price highs in recent weeks, Bitcoin (BTC) finally crossed $20,000 for the first time on Wednesday. The digital currency hovered around $20,800 at time of publication. “We have been waiting for this moment for years, and now that $BTC #Bitcoin has finally broken 20k, all bets are off,” Cheds, a crypto trader and analyst on Twitter, told Cointelegraph. “What happens next could make history,” he said, adding:“Do we blast to 30k? Or do we pull back to 14k and form a cup and....