Options Trends Makes it Hard for This Analyst to Imagine a Bitcoin “Mega Pump”
Bitcoin has been consolidating within a $1,500 range over the past seven weeks. With BTC currently pushing higher and the fundamentals aligning in favor of bulls, analysts have begun to expect a strong rally into the end of a year. This may not take place, though, an analyst keeping an eye on options has noted. […]
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Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal’s latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now consolidating inside a similar technical structure, and one analyst predicts it would break bearish just like gold. “Since the COVID Crash of March 2020, it is apparent that gold has been […]
Bitcoin bull run is about to hit a hard wall of resistance, according to independent financial analyst Josh Rager.
A new service for financial options has launched a beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs. The offered currencies - euros, Australian dollars, New Zealand dollars, British pounds, yen, and Swiss francs - are all paired with the US dollar. Different than previous binary option offerings, the new service - which is called UpDown - processes payments and payouts in bitcoin only. With binary options, the trader selects the direction that the price of the underlying asset will move - either up ('call option') or down....
Bitcoin has dropped over the past few days after news revealed that OKEx had frozen withdrawals. The price of the leading cryptocurrency slipped from $11,750 to $11,450 where it is now. The leading cryptocurrency is primed to appreciate in the long run despite short-term weakness. One crypto-asset analyst noted that there is a confluence of on-chain trends showing Bitcoin is bullish. Four of those metrics are as follows. Bitcoin’s On-Chain Trends Are Bullish, Data Shows […]