Bitcoin Breaks $15K as Investor Numbers Peak
Bitcoin's rally is still going as investors continue to accumulate the cryptocurrency, ignoring overbought signals on technical indicators.
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Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning, and time to take the first of our two looks at the action in the bitcoin price for today. Before we do, let’s take a quick look at what happened overnight, as this is going to influence how we approach the markets this morning. Specifically, action last night formed something of a head and shoulders pattern on the five-minute chart. A head and shoulders forms when we get a peak, a dip, a higher peak, which then dips into another peak similar in height to the first, but not as high as the....
A Long Reads Sunday reading of Grayscale’s recent “Bitcoin Investor Survey.”
Blocks are the data structures Bitcoin uses to permanently record data. This is common knowledge known by the initiated and in previous articles we've covered information related to these data structures. The block chain, isn't really a chain at all. Well, logically there is a chain but it might not be what you first expect. This article breaks down the structure of a block and provides insight to the moving parts "under the hood." Hopefully, by the end, some of the underlying technology is to understand. Also read: Bitcoin Transactions for Mere Mortals. Bitcoin for Mere Mortals: Block....
A lot of new investors believe that they have missed the opportunity on bitcoin. This is simply not true. Less than 10% of the world currently know about bitcoin. That leaves over 6 billion people in the world who do not know about bitcoin. So in actuality, the investors who are getting in now who think they missed the boat are in fact, early adopters. Related Reading | Bitcoin Price Breaks $45,000 For the First Time In Over 2 Months, Is $64,000 Possible Again? That aside, dollar-cost averaging (DCA) has become an increasingly popular way for people to invest in the market.....
It’s time for another edition of “By The Numbers.” This time, we’ll use a pseudonymous analyst’s numbers to find out if Tesla is in the red when it comes to their Bitcoin holdings. The caveat here is, if bitcoin’s price loses the $30K level, could Tesla’s board pressure Elon Musk into selling? And if they […]