How the “West” Is Driving Bitcoin’s Bull Market, But Asia Is Resisting
Bitcoin’s price is moving sideways in a critical support zone. At the time of writing, BTC’s price is trading at $55.780 with 0.3% in the daily chart and 7.3% losses in the weekly chart. According to Arcane Research’s most recent report, BTC’s 2020 and 2021 bull run has been heavily affected by the dynamics from […]
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Bitcoin’s latest rebound has reached an important point on the 2-week chart, where analyst Crypflow says the next bull market confirmation will begin to take shape. His analysis focuses on the 21 WMA and 21 SMA ribbon, a moving-average structure that has repeatedly separated Bitcoin’s major bull and bear phases across past cycles. The Bitcoin […]
Today’s virtue signaling is a symptom of the morals imposed by money-printing elites. Bitcoin’s sound money system would put an end to it.
BTC price action would perform a one-off move if it were to top out at its recent $64,500, Alex Saunders believes. Bitcoin (BTC) topping out at $64,500 would mean that this bull market is unlike any other in history, one commentator argues.In a tweet on Tuesday, Alex Saunders, founder and CEO of Nuggets News, used a classic Wall Street paradigm to suggest that BTC’s price is far from its macro top.No Bitcoin bull run ends in “disbelief”Bitcoin has so far failed to crack resistance even at $40,000, languishing 50% below its recent all-time highs. As fear lingers as the driving force behind....
Fundstrat’s Tom Lee disclosed in a recent interview that last month’s flash event is still echoing through crypto markets, and that those ripples help explain Bitcoin’s recent slide. Related Reading: Over 65 Crypto Firms Unite In Letter To Trump: Lead Or Fall Behind According to Lee, the shock on October 10 damaged key market makers—firms […]
Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous bull market cycles. How Bitcoin’s Network […]