Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence...
Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress. Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge.The crypto "Fear & Greed" index, which ranges from 0 "extreme fear" to 100 "greed" reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator....
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Bitcoin price meanders near its low, apparently acquainting itself with long-term support. Chart technicals to one side today, as we consider the question “Do fundamentals drive price?” Today’s article considers the bitcoin price chart in context of similar speculative markets. The discussion focusses on the notion of fundamentals. The term fundamentals is used in its broadest sense, and not in the strict investment definition that refers to company balance sheets, work in progress, and so on. Although there are parallels between the bitcoin price market and other commodity markets, as....
Code to Inspire just launched an Indiegogo campaign for the first coding center in Afghanistan of women, for women, by women, with the goal of prepping Afghan girls for careers in programming. A chunk of the curriculum focuses on digital currencies like bitcoin. The girls learn by doing. Code to Inspire provides the girls with books, computers, and other resources to teach them how to code. The girls dream up a problem and then design mobile apps or software that can tackle it. So where does bitcoin come into play? “Crypto currencies are an amazing and empowering tool for people who are....
Let’s take a look at what some of Bitcoin’s industry insiders predict for 2017 as general sentiment is more bullish than ever and BTC is eyeing a new all-time high. Tulip? More Like Champagne Bubbles. Bitcoin is no stranger to bubbles. In fact, there’s probably a Tulip-mania inspired obituary out there already. But tulips can’t store value long-term, can’t be sent to the other side of the globe in seconds, and certainly can’t live on your mobile phone. Bitcoin is a different breed indeed. Its fluctuations come and go…and come back again stronger than ever. You see, it is becoming....
Ethereum is regaining its footing in the market with a strong recovery, drawing attention as it moves toward the critical $3,659 resistance level. This surge comes after a period of consolidation, during which ETH stabilized and built bullish momentum. Optimism is rising, bolstered by improving market conditions and growing confidence in Ethereum’s potential for further […]
Bitcoin price has come down from a surge high and the market is struggling to find support. The 4hr BTCC chart shows price heading toward the same red Fib line that we’d been referencing during the base-forming phase of the past few weeks. Potentially price will find support there and head up in another wave of advance. For confidence in continuing advance, we want to see price advance to a new high. The risk remains a triple top and a breakdown to the downside in the face of uncertainty regarding XT. Going into the 10th and 11th of January there should be some market uncertainty – however....