Bitcoin Price Is Pushed Higher By Institutional Demand: 5 Clear Signs
In recent times, the Bitcoin market is witnessing a seismic shift, with BTC’s price ascent deeply rooted in burgeoning institutional demand. Expert commentary and market data are coming together to unveil a comprehensive picture of this profound institutional activity. Institutional Demand Is Driving The Bitcoin Price A profound insight came from Miles Deutscher, a seasoned […]
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Global investment bank Goldman Sachs is seeing huge institutional demand for bitcoin with no signs of abating. A survey of Goldman’s institutional clients shows that 61% expect to increase their cryptocurrency holdings. Meanwhile, 76% say the price of bitcoin could reach $100,000 this year. Goldman Sachs Sees No Signs of Institutional Demand for Bitcoin Abating In a podcast published Friday, Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division, discusses the cryptocurrency trading environment for institutional investors. He explained that his team....
Bitcoin Price Key Highlights. The Bitcoin price after finding bids around the 200.00 level traded higher and breached an important resistance area. A bearish trend line was broken, which might ignite more gains in the near term. Bitcoin price is showing positive signs of a bullish break, which could push it higher moving ahead. Trend Line Break. The Bitcoin price found support recently around the 200.00 level, as sellers failed to take the price below the mentioned level. Buyers gained traction and managed to take the price higher. There was a bearish trend line formed on the hourly chart....
Cardano’s price declined heavily towards $0.1300 before correcting higher, similar to bitcoin. ADA must clear the $0.1500 resistance and the 100 SMA (H4) to start a strong increase. ADA remained well bid above the $0.1300 level and corrected higher against the US dollar. The price is struggling to clear the $0.1500 resistance and the 100 […]
MATIC, EOS, XMR and AAVE could rally higher over the coming days if Bitcoin price can sustain within the $30,000 to $33,000 support zone. Bitcoin (BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and the institutional investors are abandoning the crypto markets?No! It is the other way around. Glassnode’s weekly newsletter pointed out that the Grayscale Bitcoin Trust (GBTC) premium is rising, suggesting that institutional investors are accumulating at lower levels.GBTC is not....
Key Highlights. Dogecoin price continued to struggle to break higher, but it looks like it might surge moving ahead. There is a bullish flag formed on the hourly chart, which if valid might push prices higher in the near term. The price is struggling to settle above 76.0 Satoshis, which is a warning sign on the other hand. Dogecoin price traded higher recently, but there was a failure noted around 76.0-78.0 Satoshis which pushed it back lower. Bull Flag? Dogecoin price after trading towards 65.0 Satoshis one more time traded back higher, but failed to settle above an important level of....