Bitcoin ‘bear market’ may take BTC price to $25K, says trader with stocks due...
It could still go either way for Bitcoin price action, but one analyst believes Bitcoin is already coming out on top versus equities. Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action.In his latest YouTube update on May 2, Cointelegraph contributor Michaël van de Poppe argued that USD’s current surge would not last long.Dollar strength reversal "close"Bitcoin is still under pressure as stocks and crypto alike face the reality of a major policy flip from the U.S. Federal Reserve. Due to be announced this....
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Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins. Moreover, the trader, now infamously known as the “Bear Whale,” sold the coins at $300 per unit, which put extreme pressure on the nascent bitcoin market that saw roughly $29 million a day in global trade volume. A Look at the October 2014 Bitcoin ‘Bear Whale Incident’ While bitcoin (BTC) is trading for just below the $20K region, approximately eight years ago today, bitcoin traders faced....
Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the social media platform Twitter. Peter Brandt on Dogecoin Outlook Veteran trader Peter Brandt shared his analysis of dogecoin (DOGE) Sunday. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S. dollar, and sugar. Tweeting....
New all-time highs are closer than many might think, says Credible Crypto, but so is a brutal bear market unlike any other. Bitcoin (BTC) will top $100,000 next year but a record-breaking bear market will follow, a popular trader believes.In a Twitter discussion on Oct. 22, Credible Crypto endorsed a theory that Bitcoin’s next halving will also see macro lows of just $10,000.BTC bulls need only wait a year for $100,000With consensus calling for Q4 2022 to match the end of the 2018 Bitcoin bear market, few are in the mood to call a trend change.While a bold prediction from LookIntoBitcoin....
Bitcoin has undergone a strong move higher over the past few weeks. Analysts think that current macroeconomic trends could result in a further surge in the price of the leading cryptocurrency. Bitcoin Could Surge Higher Amid U.S. Dollar Bear Market: Dan Tapiero Dan Tapiero, a co-founder of 10T Holdings and DTAP Capital, thinks that the cryptocurrency will continue higher as he expects a U.S. dollar bear market to play out. He cites “unprecedented liquidity injection,” […]
A cryptocurrency trader based in China's Hunan province is bringing a lawsuit against cryptocurrency exchange OKCoin. According to court documents, the trader deposited the cryptocurrency litecoin in an account at the exchange, only to wake up the next day to find the funds traded without his notice. The filing asserts that the trader believes he was the subject of a successful hack, and that representatives of OKCoin should bear responsibility. He further claimed that the IP address used to execute the trade was based in Hong Kong. In total, the trader estimates his total loss at $2,900.....