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Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish
3.6.2020
The conventional wisdom could be challenged because miners mainly operate on cash, meaning they need to liquidate their holdings almost daily to fund the cost of mining
Options Market Keeps Sending Bullish Signs to Bitcoin Investors
2.6.2020
After a day of strong price gains that sent bitcoin (BTC) up by nearly 6% over the past 24 hours to breach the important USD 10,000 level, the options market may have even more good news in store for hopeful investors.
According to data from Skew, a provider of crypto derivatives analytics,...
Bitcoin Hits above $10k and Appears Strongly Bullish in the intraday
2.6.2020
Bitcoin price hits above $10k yesterday, just at the onset of the month after an almost flattish trend in the previous month. Moreover, the currency in the previous month was trading on a mixed note and had breached above $10k briefly in the first week of the previous month. Just when the price...
Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values
1.6.2020
The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market...
Bitcoin and Altcoins Signaling Bullish Continuation
1.6.2020
This past week, bitcoin gained traction above the USD 9,000 and USD 9,200 levels. BTC even broke the USD 9,550 resistance zone, but it struggled to surpass the USD 9,800 barrier. It is currently (08:30 UTC) consolidating gains and it might attempt to clear the USD 9,800 and USD 10,000 resistance...
Bitcoin and Altcoins Trend Turns Bullish
29.5.2020
In the past two sessions, there was a strong rise in bitcoin price above the USD 9,200 and USD 9,300 levels. BTC even broke the USD 9,500 resistance and it might continue higher towards the USD 9,800 and USD 9,950 levels in the near term.
Similarly, there was a steady rise in most major altcoins...
Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels
27.5.2020
Traders were feeling good about bitcoin’s upward trend and pushed it over $9,100 Wednesday
Bitcoin and Altcoins Struggle To Gain Bullish Momentum
27.5.2020
After a short-term upside correction, bitcoin price resumed its decline towards the USD 8,800 level. BTC is currently (08:30 UTC) trading in a broad range and it seems to be struggling to clear the USD 9,050 and USD 9,200 resistance levels.
Looking at most major altcoins, there were mostly range...
Report: Africa Is Bullish on Crypto Despite Infrastructure and Regulatory Hurdles
20.5.2020
According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world
Spike in User Activity Drives Bullish Divergence for Maker
20.5.2020
Santiment has spotted bullish divergence between the price action and daily average users for MakerDAO’s token
Record CME BTC Open Interest Shows Institutions Bullish on Bitcoin Price
18.5.2020
Data suggests institutional investors are bullish on BTC as CME Bitcoin options open interest rose to $140 million, but what should retail traders expect?
Bitcoin Hashrate Drops 30% — A Bullish Sign, Say Insiders
14.5.2020
A 30% drop in hashrate was predicted by industry insiders, who believe it to be bullish for Bitcoin
XRP Marches Towards Next Target; Long Term Outlook Seems Bullish
14.5.2020
Admittedly, Ripple is noting a very slow, minimal, and a bit disappointing price growth lately, as compared to Ethereum and Bitcoin. Notably, BTC has again reclaimed the $9200 price range while XRP is struggling to stay above $0.20. Ethereum and Bitcoin, both the topmost crypto coins, have...
2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment
13.5.2020
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially....
Twitter Remains Bullish on Bitcoin Price Despite Muted BTC Halving
12.5.2020
Bitcoin halved successfully and even though BTC failed to rally investor sentiment remains bullish
Bitcoin Price Volatile 24 Hours Before Halving, Key Indicators Bullish
10.5.2020
While the fear and uncertainty surrounding BTC has decreased quite substantially before the upcoming halving, experts have noted that the greed aspect of the F&G Index has increased greatly over the past couple of days
Here’s Why Altcoins Bouncing as Bitcoin Retraced From $10K Is Bullish
9.5.2020
Tezos, Chainlink and Ethereum are just some of the altcoins playing catch up while Bitcoin price takes a breather from $10,000
Neo (NEO) Hits a 2-Month High Above $11.5; Draws a Bullish Divergence
9.5.2020
Neo, at the time of penning down this analysis, was trading above $10 at $11.18 after marking an intraday low at $10.7 in the initial trading hours on May 9, 2020 A quick rebound helped NEO/USD gain 4.4% in the intraday with massive volatility as projected by the 20-day Bollinger Bands The pair...
Bitcoin Miners Send Bullish Signs Ahead of Halving
8.5.2020
There's some bullish news from the mining industry ahead of Bitcoin (BTC) halving. Miners are hoarding BTC, expecting higher prices and buying rigs in the thousands, while the recent rally has made older rigs profitable once more, thus pulling many miners away from the exit door.
The miners have...
Hedge Fund Pioneer Turns Bullish on Bitcoin Amid ‘Unprecedented’ Monetary Inflation
7.5.2020
Paul Tudor Jones, a pioneer of the modern hedge fund industry, is reportedly betting on bitcoin’s price as an inflation hedge. Exactly how is unclear