Veteran Trader Peter Brandt Predicts Bitcoin Local Bottom
Bitcoin (BTC) price dropped below $27k today amid the market-wide pressure predominantly due to the latest U.S. Consumer Price Index (CPI) data. Veteran trader Peter Brandt, who predicted the Bitcoin fall to $28k when the price was trading near $39k, has a new forecast. He expects the BTC price to rebound from the $27k level—the new The post Veteran Trader Peter Brandt Predicts Bitcoin Local Bottom appeared first on CoinGape.
Will MicroStrategy, Tesla Sell Their Bitcoins To Avoid Loss?
The Crashing Cryptocurrency market has left every investor worried. The same has happened with the biggest Bitcoin (BTC) holding institutions in the market. Public companies like Microstrategy and EV giant Tesla which owns a huge amount of BTC have also faced some troubles amid the dump. MSTR and Tesla hold over 177K BTCs According to The post Will MicroStrategy, Tesla Sell Their Bitcoins To Avoid Loss? appeared first on CoinGape.
Bitcoin Returns To $40,000 ; Here’s What Could Happen Next
The crypto market has seen some major setbacks in recent weeks, and the firstborn crypto has not been spared. BTC has been hit by the pangs of a dwindling market in recent weeks. Following its 2022 peak of $49k in late March, the asset has since seen a consistent downslide, leaving investors ambivalent about its The post Bitcoin Returns To $40,000 ; Here’s What Could Happen Next appeared first on CoinGape.
Bitcoin (BTC) Price Is Set To Rally On These Two Key Factors
Bitcoin (BTC) is currently moving in the $43k-$45 range after plummeting from the $48k level within a week. On-chain data indicates a bullish divergence and a rise in whale activity at current levels. Thus, the Bitcoin (BTC) price could see a strong upward movement from here. At the time of writing, the Bitcoin (BTC) price The post Bitcoin (BTC) Price Is Set To Rally On These Two Key Factors appeared first on CoinGape.
12 Year Ancient Bitcoin Wallet Activated Amid Price Dump
It is been more than 13 years since Bitcoin (BTC) was launched by Satoshi Nakamoto. Although BTC’s whitepaper was released in October 2008. Interestingly, an old BTC wallet from 2009 just got active amid the increasing crypto adoption. Meanwhile, the world still doesn’t know who Satoshi Nakamoto actually is and still, Bitcoin leads the way The post 12 Year Ancient Bitcoin Wallet Activated Amid Price Dump appeared first on CoinGape.
Bloomberg: Bitcoin (BTC) Could Outperform Stocks In 2022
Market participants are continuing to point out that Bitcoin has been going through a series of defining moments. Per the March edition of Bloomberg Intelligence’s (BI) Crypto Outlook Report, 2022 is set to be another major test for the pioneer cryptocurrency. Bitcoin appears poised to best the stock market In the report published by BI’s The post Bloomberg: Bitcoin (BTC) Could Outperform Stocks In 2022 appeared first on CoinGape.
China's share in Bitcoin transactions declined 80% post crackdown: PBoC
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans. People’s Bank of China, the central bank of the country, claimed in a recent note that China's share in the global Bitcoin (BTC) transactions has rapidly dropped from over 90% to 10%.The Financial Stability Bureau of the Chinese central bank released a comprehensive note on Wednesday discussing the im
Bitcoin (BTC) Fails Fourth Breakout Attempt Above $44,400 Resistance
Bitcoin (BTC) made another attempt at breaking out above $44,400 on March 2 but was unsuccessful. There is ample support below the current price, suggesting that another breakout attempt could occur soon. The post Bitcoin (BTC) Fails Fourth Breakout Attempt Above $44,400 Resistance appeared first on BeInCrypto.
Bitcoin Closes 1st Green Month After 3 Reds, What History Says May Happen
The month of February was a rocky one for bitcoin but the digital asset had managed to come out ahead in the end. After suffering three long months of red closes, bitcoin has finally recorded its first green month. This is attributed to the rally that began at the end of the month. However, this is not the first time that the digital asset would mark such a trend and past performance helps to speak to what can be expected from here from the cryptocurrency. 1st Green Month Close For Bitcoin Since
Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun
BTC price appears to be consolidating below $44,000, while analysts highlight $48,000 as the next short-term bull target. Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is back above $43,500 and many altcoins are also witnessing double-digit gains.Crypto Fear & Greed index. Source: AlternativeThe ongoing conflict in Ukraine and recent
Bitcoin Touches Above $40K For Third Time In 2022, Where Does It Go From Here?
Bitcoin has had an eventful 2022 so far and it is only two months into the year. While mostly recording downtrends in these past two months, there have been some notable recoveries that have put it above $40K. For the two previous times, the digital asset had been unable to hold above this level. Will the third time be the charm or is a reversal expected soon? Bitcoin Trading Between $40K-$44K On Monday, bitcoin had pulled one of its strongest reverse cards and had broken straight through $40,00
Bitcoin (BTC) Reaches Second-Highest Daily Close in 2022
After a breakout from a short-term descending resistance line, Bitcoin is attempting to move above the $44,100 horizontal resistance area. The post Bitcoin (BTC) Reaches Second-Highest Daily Close in 2022 appeared first on BeInCrypto.
Bitcoin paints a clear ‘double bottom’ but ailing momentum could force a $34K retest
BTC’s brief spike to $45K prompted some analysts to call a trend reversal, while others caution that a revisit to $34,000 is not out of the question. Bullish optimism returned to the cryptocurrency market on March 1after a majority of tokens turned green and Bitcoin bulls telegraphed their intention to hold the $40,000 level as support going forward.Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has surged 20% from a low of $37,409 o
Short Traders Decimated As Bitcoin Barrels Past $43,000
Bitcoin has surprised the market with its recent surge. The digital asset which has been struggling below $40,000 for the past week made a break for it with an incredible rally that saw its peak above $44,000. It took the market by surprise and no doubt the traders as liquidations have been the order of the day. Short traders have gotten the short end of the stick as they see hundreds of millions liquidated in the past day. Bitcoin Liquidations Run Amok Short traders have been dominating the mar
On-Chain Analysis: Is the Current Bitcoin (BTC) Increase a Short Squeeze?
BeInCrypto takes a look at Bitcoin (BTC) indicators that relate to the derivatives and spot markets, in order to determine where the demand for the current price increase is coming from. The post On-Chain Analysis: Is the Current Bitcoin (BTC) Increase a Short Squeeze? appeared first on BeInCrypto.
Bitcoin Breaks Above 50-Day SMA, Will BTC Ride It Out To $50,000?
Bitcoin has broken above $44,000 once again. After a couple of weeks of low momentum, bitcoin has been able to begin another recovery trend that has seen it add over $4,000 to its price in the last day. Its landing point has been above $43,000, finding its footing at this level, which has put it above the 50-day simple moving average. What does this mean for bitcoin? Bitcoin Breaks Above 50-Day SMA Bitcoin is now trading above the 50-Day simple moving average. This point is significant to the di
Bitcoin (BTC) Creates Daily Bullish Candlestick With 15% Magnitude
Bitcoin (BTC) increased significantly on February 28 and its RSI and MACD are close to generating a strong bullish signal. The post Bitcoin (BTC) Creates Daily Bullish Candlestick With 15% Magnitude appeared first on BeInCrypto.
Crypto investment funds attract $36M in capital despite market turmoil
Inflows into Bitcoin and Ether investment products continue to rise as institutional investors re-accumulate. Cryptocurrency investment funds recorded a sizable increase in inflows last week, signaling that institutional investors were still gaining exposure to digital assets despite extreme volatility in the market. Digital asset investment products registered $36 million in cumulative inflows for the week ending Sunday, according to CoinShares data. Regionally, new invest
Bitcoin Dominance Rate (BTCD) Reaches New Yearly High
The Bitcoin dominance rate (BTCD) has been increasing since Jan 15 and is approaching a crucial resistance level at 44.5%. The post Bitcoin Dominance Rate (BTCD) Reaches New Yearly High appeared first on BeInCrypto.
Bitcoin climbs to $41K and flippens the Russian ruble
The Central Bank of Russia reported the country's money supply was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion with the recent drop against the U.S. dollar. After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble. According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 h