Bitcoin

The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000 and $270,000. Assuming bitcoin crosses $200K per coin, Bennett thinks the digital asset’s bottom after an 80%… Source link

Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market’s strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $56,000 minimum BTC buy-in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day. A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below… Source link

Tom Lee: This 1 key driver puts Bitcoin as high as $168,000 before 2022 (it’s not as crazy as you think) Bitcoin has officially gone mainstream. With the launch of the first bitcoin futures ETF, the world’s leading cryptocurrency is enjoying a nice surge, recently passing an all-time high of almost $65,000. But there might be plenty of room left to run. According to top Wall Street strategist Thomas Lee — co-founder of Fundstrat Global Advisors — the price of bitcoin could soar to $168,000… Source link

Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s (BTC) price lost steam at $67,100 and retracted to the $62,000 level.   An early morning 87% flash crash in the price of BTC at Binance US saw the price briefly touch $8,200 and it may have set the market on edge, but generally, it appears to have been an isolated event. Data from Cointelegraph Markets Pro and TradingView show that bears have briefly taken control of the market with the price now fluctuating… Source link

Chinnapong | iStock Editorial | Getty Images The price of bitcoin is surging but JPMorgan said the successful launch of the first U.S. bitcoin futures exchange-traded fund is not fueling the rally. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, October 21, 2021 Bitcoin to $100K+? Don’t rule it out Bitcoin (BTC-USD) “hodlers” are looking awfully prescient these days. A rough summer swoon followed by a whipsaw start to the fall is now starting to give way to the cryptocurrency’s moment in the sun. With the introduction of a new exchange-traded fund this week and more lining… Source link

An advertisement for Bitcoin and cryptocurrencies is seen in Hong Kong, China September 27, 2021. REUTERS/Tyrone Siu At $62,991, near its peak of $64,895 ProShares futures-based ETF expected to list Tuesday LONDON/SINGAPORE, Oct 19 (Reuters) – Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange-traded fund could herald investment flows into cryptocurrencies. Bitcoin , the world’s… Source link

It’s been 150 days since China banned Bitcoin (BTC) mining — and BTC price action has only benefited as a result. Five months ago, China caused a considerable but not unsurprising stir by doubling down on its hostile environment policy toward cryptocurrency. Bitcoiners to China: Thanks for the ban Just like every “ban” before it, China’s move against miners saw temporary price turbulence, matching the biggest physical upheaval in Bitcoin’s history. As miners powered down and Source link

A “favorite” Bitcoin (BTC) price signal could be about to turn bullish — and upside has always resulted, data shows. As noted by podcast host Preston Pysh on Oct. 18, the Long-Term & Short-Term Holder Realized Price Ratio (LTHSTH-RPR) looks primed to print a bull flag. Chart hints at return of the bulls It may sound wordy, but LTHSTH-RPR is one of the most accurate Bitcoin price indicators. Its creator, Bitcoin 2021 conference organizer Dylan LeClair, confirmed his own bullishness based… Source link

Associated Press Ready to run: Panthers’ offense will look ‘vastly different’ Coach Matt Rhule promised the Carolina Panthers’ offense will take on a “vastly different look” moving forward after the team’s third straight loss. In an effort for the Panthers to “find their identity” with star running back Christian McCaffrey still out with a hamstring injury, Rhule plans to lean more on rookie Chuba Hubbard and the running game beginning this week against the New York Giants. “We… Source link