Amid Dogemania, Why Bitcoin’s Bullish Case Holds Up
Bitcoin has regained momentum. At the time of writing, BTC trades at $57,225 with a 1.5% profit in the daily chart and sideways movement in the lower timeframes. The general sentiment in the market is divided, investor’s attention seems to have gone towards Ethereum (+27.3%) and Dogecoin (+88.4%), cryptocurrencies with impressive rallies in the 7-day […]
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Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result....
In the face of ongoing market volatility, Shiba Inu (SHIB) has demonstrated impressive resilience as it holds strong above the pivotal support level of $0.00002045. While fluctuations and market uncertainty have swayed many altcoins, SHIB’s ability to stay above this key level signals a growing sense of stability and bullish potential. The support at $0.00002045 […]
Bitcoin currently trades for $19,2000, having stabilized due to a lack of volume on the weekend. Some analysts remain bullish in the near term as the cryptocurrency holds the $18,500 region. $18,500 has been an important level for bulls over the past few weeks. One such analyst that drew attention to this trend is the same one that predicted late last year that Bitcoin would hit the $3,000s this year. Bitcoin Bullish on Short Term […]
The business intelligence firm has now amassed 129,699 BTC at an average price of $30,644, according to CEO Michael Saylor. Business intelligence firm MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles. In a Form 8-K filing with the United States Securities and Exchange Commission (SEC), Microstrategy disclosed that it had acquired an additional 480 BTC at an average price of roughly $20,817. The total purchase amount was $10 million in cash. With the purchase, MicroStrategy now holds....
Which direction will Bitcoin’s price choose? Bitcoin’s movement. After its downward trend, Bitcoin’s price stopped on March 17th-18th and a rebound started forming. This is only natural, some traders are closing their positions at the lowest points, while the buyers who expect a new upward trend, are buying bitcoins at the most profitable price. However, that price is also the most risky. There are no specific signs of a buyer’s advantage in a situation like this, and such signs are important for stable profits. That’s why the trend will most likely change at the $412 resistance. This....