Macro Winds Are Changing: How Bitcoin’s Price Will Benefit
Bitcoin has been recovering from a bloody weekend in the daily chart. At the time of writing, BTC trades at $34,483 with losses in higher timeframes. The general sentiment in the market seems to be flipping bullish, but the bulls require more conviction to make a decisive push against the bears. In the short term, […]
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Bitcoin’s price action has been somewhat stagnant throughout the past few days and weeks, with bulls and bears both reaching a clear impasse The aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum One analyst is now noting that BTC has been holding above a key macro […]
Bitcoin has undergone a strong rally over recent months from the March lows to $12,500 at the August highs. Not everyone is convinced that the crypto’s macro trend is positive, though. They point to the fact that Bitcoin has yet to firmly establish itself above $11,500 and $12,000. Those two levels have been of technical importance on a macro time frame since the 2017 highs. Three crucial reasons, though, suggest that Bitcoin’s macro trend is […]
Bitcoin’s price action as of late has been driven by a combination of recent news developments, jitters within the macro-economic environment, as well as technical weakness. That being said, these factors have not been enough to push the benchmark cryptocurrency below any crucial support levels, as it is still trading within the macro trading range […]
According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional investor-led bull market. Bitcoin may hit $150,000 by November 2021 according to Raoul Pal, founder and CEO at Global Macro Investor and Real Vision — And that would be the most conservative scenario. Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the Bitcoin market.That is what, according to Pal, makes the latest Bitcoin rally fundamentally different from 2017’s crypto bubble, which is believed to have been....
As 2016 winds down, bitcoin’s price rally is ramping up. Today, Bitcoin scaled a high of $875 on the Bitstamp Price Index (BPI). January 12, 2014. It has been 35-months since bitcoin was trading at $875. The cryptocurrency’s burgeoning surge continues, as the possibility of a new 3-year-high gathers steam. After blitzing through the $800 mark yesterday, a steady period of trading throughout the day saw bitcoin price reach a high of $833.96, just before midnight (UCT). It wasn’t long before bitcoin price struck $840, within 90 minutes of trading on Thursday. The latest surge was yet to....