Bitcoin has shot around $1,500 higher over the past week, reaching a weekly high of $13,200. The price of the leading cryptocurrency has dropped slightly to $12,900 as of this article’s writing, just shy of the highs and the pivotal $13,000 resistance level.

This recent move higher caught many traders off guard. During one day this week, over $300 million worth of Bitcoin short positions were liquidated, along with some long positions amid some volatility.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Three Reasons Why Bitcoin Is Moving Higher
 

Nexo gave three reasons why the cryptocurrency has done so:

Firstly, analys ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the call sharing a new chart that appears to hint that the cryptocurrency is about to explode into another bull run, much like it did in 2017.

Here’s what to expect if yet another forecast from the Bloomberg Senior Commodity Strategist is once again accurate.

Bloomberg Senior Commodity Strategist: “Firmer” Crypto Market To Come In 2021

The year of 2020 will be remembered in the history books for several key reasons. It is the first widespread pandemic the modern technological world has ever seen, the fiat c ... Read more »

Category: News | Views: 38 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Max Keiser, Wall Street veteran and host of The Keiser Report, shares his thoughts on Bitcoin price breaking $13,000 and the U.S. election in an exclusive interview with Cointelegraph Markets.

Cointelegraph Markets: Paul Tudor Jones. Did his investment into Bitcoin spark a new bull cycle?

Max Keiser: First, we need to go back to the Genesis Block and understand that everything that has happened and will ever happen with Bitcoin came into existence at that instant and the world and our species were forever changed. Understand too, that Bitcoin is shaping our world around its protocol in ways that most don’t understand but all are powerless to stop. Within this context, it was clear on Jan. 3, 2009, the ge ... Read more »

Category: News | Views: 54 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Fidelity’s report claiming Bitcoin as a non-correlated asset draws discussions, as not all agree with the assessment.
 

A recent report from institutional crypto firm Fidelity Digital Assets concluded that Bitcoin (BTC) shows very little price correlation to mainstream financial assets, based on data from the past five years. Over the course of 2020, Bitcoin has gained further adoption into mainstream finance, which logically might impact the asset’s correlation or lack thereof. Has Bitcoin’s correlation changed in 2020? 

Ria Bhutoria, director of research at Fidelity Digital Assets, told Cointelegraph via email: “Bitcoin has experienced higher positive correlations to other assets over ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

New data from Whalemap reveals three whale clusters around $12K that should act as support and resistance areas for Bitcoin price in the short term.

According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas.

In previous cycles, whale activity coincided with significant price movements at crucial technical levels. For instance, Cointelegraph reported that a whale sold at $12,000 after “HODLing” for years. In the next few weeks, BTC dropped to sub-$10,000.

... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Bitcoin’s intense multi-day uptrend is slowing as the cryptocurrency reaches $13,000. A confluence of positive news regarding BTC’s adoption amongst corporations helped drive this recent push higher, but it remains unclear how long this uptrend will last.

Bears have been ardently trying to stop the cryptocurrency from breaking above $13,000. Each time it reaches this price region, it sees heightened selling pressure that slows its ascent.

If this selling pressure continues persisting in the near-term, it could spark a retrace that causes the benchmark cryptocurrency to cut into its recent gains

It remains unclear whether this potentially imminent retrace will invalidate the bullish market structure establis ... Read more »

Views: 40 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Bitcoin has enjoyed a strong rally over the past few months as macro trends have favored its growth. The rally comes as an increasing number of investors, both within crypto and out of crypto, have realized there is a growing fundamental value in owning Bitcoin.

Bill Barhydt, CEO of Abra, made this much clear when he recently announced he has bumped up his BTC exposure. Abra is a leading crypto-asset exchange that has gained immense traction over recent years.

BILL BARHYDT, CEO OF ABRA, NOW HAS 50% OF HIS NET WORTH IN BITCOIN

Commenting on Twitter, Barhydt, who used to work at the CIA and NASA, said that 50% of his investment portfolio is now in Bitcoin:

“A few weeks ago, I increased my owne ... Read more »

Category: News | Views: 55 | Added by: 4zvezda | Date: 24.10.2020 | Comments (0)

A long-term outlook of the Bitcoin market shows its price hitting $19,030 in the coming sessions.

According to a setup presented by one TradingView contributor, the world’s leading cryptocurrency is in the first stage of an inverse Head & Shoulder (IH&S) breakout. In retrospect, an IH&S pattern appears when the underlying security forms three troughs on a baseline, with the middle one the lowest of all.

Traders treat IH&S as a bullish indicator for its ability to foretell a downtrend reversal. They further expect the pattern to catalyze fresh bull runs while eyeing upside targets of as much as height as the size of the middle trough.

And that is where things start turning super-bullish for Bitcoin ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

It is easy to forget that Bitcoin, other than being a revolutionary asset in the current financial system, was initially created with the goal of Peer-t0-Peer transactions without any intermediaries. While discussions with respect to P2P volumes are limited in the space, Arcane Research’s new report brought the P2P scenario under a new optimistic light.

While more centralized exchanges and OTC markets have emerged over the past few years, the P2P market has been holding well on its own with Paxful and LocalBitcoins serving as the two largest P2P platforms.

... Read more »

Category: News | Views: 56 | Added by: 4zvezda | Date: 24.10.2020 | Comments (0)

PayPal coming to crypto is big news for adoption, says the investor.
 

Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal's upcoming 2021 Bitcoin (BTC) launch. 

"I think that's, in some ways, the shot heard around the world on Wall Street," Novogratz said in an Oct. 23 interview about PayPal's recent news. "PayPal has 346 million accounts," he said, adding: "They're the 30th biggest bank in the U.S. in deposits and all of a sudden every financial institution says, 'Wait a minute, what am I doing?'"

PayPal plans to add Bitcoin, Ethereum, Litecoin and Bitcoin C ... Read more »

Category: News | Views: 50 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Bitcoin’s recent upsurge is finally proving to be beneficial for altcoins, as many have been able to post notable gains throughout the past day, including Chainlink.

LINK has been one of the best performing major altcoins over the past 48 hours, as it has put some serious distance between its current price and its recent lows.

This strength isn’t too surprising, as the cryptocurrency tends to outperform the market during uptrends.

It does appear to be consolidating at the moment, however, as bulls have been struggling to propel it past $12.00.

The resistance sitting at this price region is significant. Unless Bitcoin or Ethereum trend higher today and create a tailwind for the rest of the market, it ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)


The beginning of October was not pleasant for Bitcoin but Q4 2020 is beginning to soften up to the crypto asset. Listing a valuation above $13,000 for the 1st time in 2020, its price rise was impacting other market factors as well; notably the derivatives market.

The beginning of October was not pleasant for Bitcoin but Q4 2020 is beginning to soften up to the crypto asset. Listing a valuation above $13,000 for the 1st time in 2020, its price rise was impacting other market factors as we ... Read more »

Category: News | Views: 47 | Added by: 4zvezda | Date: 24.10.2020 | Comments (0)

Bitcoin has shot around $1,500 higher over the past week, reaching a weekly high of $13,200. The price of the leading cryptocurrency has dropped slightly to $12,900 as of this article’s writing, just shy of the highs and the pivotal $13,000 resistance level.

This recent move higher caught many traders off guard. During one day this week, over $300 million worth of Bitcoin short positions were liquidated, along with some long positions amid some volatility.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom


Three Reasons Why Bitcoin Is Moving Higher
 

Crypto-asset lender Nexo released a report this week postulating as to why B ... Read more »

Category: News | Views: 39 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the call sharing a new chart that appears to hint that the cryptocurrency is about to explode into another bull run, much like it did in 2017.

Here’s what to expect if yet another forecast from the Bloomberg Senior Commodity Strategist is once again accurate.
 

Bloomberg Senior Commodity Strategist: “Firmer” Crypto Market To Come In 2021

The year of 2020 will be remembered in the history books for several key reasons. It is the first widespread pandemic the modern technological world has ever see ... Read more »

Category: News | Views: 46 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)

Bitcoin’s ATH of $19k is still 33% away. Bitcoin’s price is up 14.85% in the past 7 days and market conditions are conducive for further growth. From smart money inflow of over $550 Million within 2 weeks to drop in inflow on exchanges, nearly all charts signal the bullish sentiment. 

Based on the map of spent HODLer Bitcoins, Bitcoins accumulated at different price levels since 2017 are being sold, at the current price range. 95% HODLers are sitting on unrealized profits and t ... Read more »

Category: News | Views: 46 | Added by: 4zvezda | Date: 24.10.2020 | Comments (0)

They said that real adoption of the asset class "hasn't even started."

Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack.

“The question in our mind is not so much does it get to $500,000, but how quickly,” Tyler told McCormack during the Oct. 23 podcast episode. His thesis takes the market cap of gold and theoretical central bank allocation into consideration. "I would sort of contend that $500,000 Bitcoin is actually pretty conservative and the game hasn't even really started,&q ... Read more »

Category: News | Views: 50 | Added by: danyagames2007 | Date: 24.10.2020 | Comments (0)