Bitcoin Rangebound At $70K While Macro Cracks Deepen – Why Analyst Says It’s ...
Bitcoin is hovering around $70.000 in a relatively tight range, slightly dropping today to $69.3000. Price action looks more like consolidation rather than stress or capitulation. Related Reading: Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity Bitcoin Remains Resilient Amidst Geopolitical Unrest Today’s QCP Market Colour reports Bitcoin’s resilience against a macro backdrop that continues to be tenuous, especially in comparison with traditional risk assets. Renewed tensions in the Middle East, oil trading with a geopolitical premium, and a fragile....
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Bitcoin fast approaching towards a critical intersection of macro support, according to a crypto analyst. Critical Intersection Of Macro Support As pointed out by a Bitcoin analyst on Twitter, the cryptocurrency is coming closer to an intersection with a macro support curve. BTC macro support curve | Source: TheCryptoCactus The above chart showcases how Bitcoin […]
Bitcoin has pushed seriously higher over the past few days despite some mixed performance in the S&P 500. The leading cryptocurrency is up around $2,000 over the past seven days, having rallied as high as $13,250 after bottoming at $11,200 last Thursday. Prominent macro analyst Raoul Pal expects that BTC will continue to outperform other macro markets in the future. Bitcoin to Decouple from S&P 500, Dollar: Prominent Macro Analyst Pal recently went as far […]
Today we are starting a new feature, The Alt-Cracks. With a near endless stream of altcoins on the market, altcoin related stories are similarly endless. The Alt-Cracks, and yes, we realize the name is a little funny, will be an attempt to pick up all the stories in the altcoin space that either didn't necessitate their own story or for another reason, fell through the cracks. By no means is it intended as a comprehensive list. The altcoin space is endless. We will miss some stories, and we welcome any leads by altcoin devs, community leaders or users. Likewise, stories covered in their....
Bitcoin has been the best-performing macro asset of 2020. Dan Tapiero, a prominent macro investor and a co-founder of firms like 10T Holdings and Gold Bullion Int., thinks this will continue. He said that he can’t imagine a world where “the coin doesn’t outperform all other assets.” Bitcoin Could Be the Best Performing Asset Moving Forward, Says Macro Analyst Bitcoin has surged over 60% in the past month alone. The leading cryptocurrency has rocketed from […]
With the Bitcoin price falling below $110,000 and the crash continuing to deepen, some revelations have surfaced about why this is happening at this time. Fingers had initially pointed to the bearish macro headwinds as the crypto market got caught in the crosshairs. However, on-chain data shows that it may be much simpler than that, […]