Latest Bitcoin Dip Did Little In Offsetting “Wildly Bullish” Bias; Here’s Why
Bitcoin dropped immensely after setting up a record high of $64,896.75 as some traders decided to secure short-term profits. The correction nevertheless did little in offsetting the benchmark cryptocurrency’s upside bias. Analysts remained convinced that the BTC/USD exchange rate would rebound from its sessional lows to pursue its uptrend as it was. One of them […]
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A flurry of optimistic updates hitting the Bitcoin market this Monday has prompted one analyst to see a speedier price rally towards $100,000. Dr. Jeff Rose, the founder/CIO of Vailshire Capital Management, envisioned the flagship cryptocurrency at the six-digit valuation. At the core of his bullish analogy was a classic technical pattern brewing up on […]
Consolidation after fresh all-time highs means now is the time to buy BTC in “wildly bullish” conditions, argues Vailshire Capital. Bitcoin (BTC) looked set to retest previous all-time highs on Thursday as a fund manager called it a “great opportunity to buy.”BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCointelegraph Markets Pro and TradingView showed a 3.3% daily comedown for BTC/USD taking aim at new support levels on Thursday.Bitcoin outlook “wildly bullish”After surging to nearly $65,000 on Monday, Bitcoin began to consolidate in a new range as the buzz around Coinbase’s....
A relief bounce in the Bitcoin market Thursday did little in offsetting its prevailing correction bias as its price slipped inside a critical support area.
Crypto companies are doing their best to go green by offsetting Bitcoin carbon emissions, but how accurate are their estimates? Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that the crypto industry is headed toward a greener future, some academic researchers have noted that mining BTC consumes more power than that of small countries. While these arguments are still hotly debated, it has become clear that awareness of green crypto initiatives has been on the rise. For instance, some....
Here's what we are focusing on in the bitcoin price the morning out of Europe, intraday. Well, we’re here again – the final day’s trading in a what has been a pretty volatile week in the bitcoin price. Action across the last few days has given us plenty to discuss, and some decent momentum has given us plenty to pick up profits from. Whether this will continue for today’s session remains to be seen – we know that overnight action certainly implies some volatility (and with it, an upside bias), but of course, this means little in this space. Things could quickly reverse on an alteration of....