Category: BTCUSD

Bitcoin Price Analysis: BTC To Reclaim $10.7K as Whale Shakeout Pattern Completes?

Bitcoin Price Analysis: BTC To Reclaim $10.7K as Whale Shakeout Pattern Completes?

Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders […]

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Bitcoin Helps Me Sleep Soundly at Night: Social Capital CEO Chamath Palihapitiya

Bitcoin Helps Me Sleep Soundly at Night: Social Capital CEO Chamath Palihapitiya

Social Capital CEO Chamath Palihapitiya doubled-down on his belief that Bitcoin investors should separate themselves from short-term price actions. He asserted that BTC operates in opposite to other financial assets and helps him sleep “soundly” at night. Palihapitiya: Bitcoin Is Fundamentally Different The former Facebook executive has been a long-time Bitcoin proponent. Earlier this year, […]

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Bitcoin Price Dips to $10,525 as Stocks Also Tumble (Market Watch)

Bitcoin Price Dips to $10,525 as Stocks Also Tumble (Market Watch)

Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap. Bitcoin Fails At $10,800 As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after […]

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Crypto Markets Plunge $10 Billion as Trump Ends Pandemic Relief Talks

Crypto Markets Plunge $10 Billion as Trump Ends Pandemic Relief Talks

On the back of remarkably fast recovery from the virus, which has taken over 210,000 American lives, President Donald Trump abruptly ended talks with Speaker Nancy Pelosi and Democratic leaders over new economic aid packages. All three major U.S. stock indexes lost solid gains from earlier in the day and fell into negative territory after […]

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Bitcoin Technical Analysis: BTC Imminent Breakdown To Refresh $10,200 Before Recovery

Bitcoin trading at the edge of a cliff, likely to tumble towards $10,200. BTC/USD path of least resistance is downwards, especially with a symmetrical triangle pattern. Bitcoin has been losing ground since it hit a snag at $10,800 earlier this week. The upside is capped below a trendline, forming part of a symmetrical triangle pattern. […]

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China’s Interest Is Centered Around Bitcoin, Signals Next Bull Run

Over the last week, Bitcoin has been consolidating around $10,700 levels. Interestingly, the world’s largest cryptocurrency has been holding its position resiliently despite some negative news like BitMEX’s CFTC charges leading to an erosion of 32,000 BTC from the exchange. However, there’s been a spike in new participants coming to Bitcoin clearly indicated by a […]

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UK Regulators Ban Crypto Derivatives To Retail Consumers

In a massive blow to the cryptocurrency derivatives market, the Financial Conduct Authority [FCA] has announced that it has published the final rules to ban the sale of derivatives and exchange-traded notes [ETNs] that reference certain types of crypto-assets to retail consumers. With this, the UK-based companies will no longer be able to offer cryptocurrency derivatives products […]

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Low Bitcoin Volatility May Lead to Massive Move Soon

Despite a lot of negative news and media FUD lately, Bitcoin has remained relatively stable with very low volatility. In previous instances, this has often preceded a massive move. The last week or so would have been highly tumultuous for Bitcoin and crypto markets in the past, but the asset has hardly moved in terms […]

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UK FCA Bans Cryptocurrency Derivatives Starting January 2021

The United Kingdom Financial Conduct Authority plans to ban cryptocurrency derivatives and exchange-traded notes (ETNs) to retail customers from January 6th, 2021.   The FCA statement described such products as “ill-suited for retail customers due to the harm they pose.” The regulator outlined that retail customers are unable to determine a reliable value because of […]

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Bitcoin Price to Hit $100,000 in 2025: Bloomberg Market Analyst

Bitcoin Price to Hit $100,000 in 2025: Bloomberg Market Analyst

The world’s first cryptocurrency, Bitcoin, could have a $100,000 price tag 5 years from now, Bloomberg senior commodity strategist, Mike McGlone said. BTC has an illustrious history of adding more zeros to its value since 2011. This trend could continue well into the future. Also, the first cryptocurrency could attain a $14,000 price by the […]

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