Bullish Against All Odds Bitcoin Breaks $40K, Beats Coordinated FUD?
Bitcoin sits comfortably north of $40,000 after a rally propelled it beyond this key resistance mark. The first cryptocurrency by market cap even managed to break above $42,000, in its most solid attempt to reclaim new highs since May’s crash. The bullish momentum has held for the past week, BTC’s price records a 24% profit […]
Related News
The hottest topic in the Bitcoin space in 2017 is if Wall Street will get in the game through a Bitcoin ETF. As this decision is now just one week away, the odds of acceptance have shifted more in its favor than ever before. Bitcoin ETF Odds Highest Ever. Over the last couple of months, since this decision timetable became public knowledge, the odds have been long against the ETF, brought forth by the Winklevoss Twins three years ago, gaining Securities Exchange Commission approval. Odds have consistently been rated at 25% or less. However, now that you can vote on these odds, things have....
There is a 75 percent possibility that Bitcoin breaks bullish out of its ongoing consolidation pattern. According to independent analyst Vince Prince, the benchmark cryptocurrency is making “marginal” upside movements in an Ascending Channel structure. That has left it with two possible outcomes. First, Bitcoin consolidates inside the Channel while breaking below the “Ascending Trendline”; Second, it stays above the Trendline and later breaks out of the range altogether. Mr. Prince favored the second outcome. […]
Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k. Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. […]
Right about now, there’s a coordinated attack going on across crypto, but it isn’t targeting Bitcoin. It is targeting cryptocurrency industry journalists, who have little to gain from what they’re being accused of. The situation is yet another reason why crypto needs less mouthpieces like Elon Musk and others who add nothing but memes and […]
Following the court’s ruling in favor of Grayscale against the US Securities and Exchange Commission (SEC), many have begun to wonder whether or not the SEC will succumb and approve Grayscale’s ETF application. However, this looks more likely as Bloomberg ETF analysts have increased the odds in favor of the asset manager. Odds For ETF […]