Bitcoin Just “Won the Game” Against Other Assets; Here’s What’s Next
It has been a wild past few days and weeks for Bitcoin and the entire crypto market The benchmark digital asset’s price has gone parabolic, rallying from recent lows of $17,600 to highs of $23,700 Although it faced a rejection at these highs, its outlook is still incredibly bullish and it has recovered most of […]
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Here's a look at what we are focusing on in the bitcoin price this morning. Okay then. The middle of the week is here, and it’s time to take stock of what’s happened so far, and what is likely to roll out across the next couple of days. Things have been pretty up and down so far. We started out the week with some relatively flat action, but this matured into some volatility pretty quickly. The volatility, we were able to take advantage of, and we have managed to get in and out of the markets according to the rules of our strategy (primarily breakout) on a number of occasions so far. With....
Here's what's on for the weekend in the bitcoin price, in the wake of the referendum out of the UK. The dominating topic for the day has been the British referendum, and the ensuing decoupling of the UK from its European Union counterparts. Chances are that this topic will dominate global economic news (and in turn, equities and other financial asset market sentiment) for the next few days, making it difficult to predict what’s going to happen in the price of (what are essentially speculative, when it comes to this sort of underlying fundamental) assets such as bitcoin. Having said this,....
Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.