Bitcoin

I have looked on with interest over the past two months as bitcoin has climbed to approach its previous all-time high. That old high-water mark occurred in the midst of hysteria. The price action of the time, three years ago, can only be described as mania. It was, to use the Gartner Hype Cycle language, the “Peak of Inflated Expectations.” In financial terms, it was a bubble. This rally is different. This time has not been marked by a wild influx of speculative investors. We have not… Source link

An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July. As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signaling for buyers to enter the Bitcoin market. Hash ribbons post rare “blue dot” Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before the previous bullish… Source link

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500.  The 1 and 4-hour charts show the price compressing into a pennant-like structure and break out from the pattern would likely see the price move to the $19,400 level where is a bit more resistance. BTC/USDT 4-hour chart. Source: TradingView A breakthrough the pennant would also suggest that the $19,000 level could now… Source link

Dreamstime Text size Bitcoin hit another new all-time high Tuesday, touching… Source link

The market sentiment around Bitcoin (BTC) is mixed, as the BTC price dropped almost immediately by 10% right after hitting its previous all-time high at $19,892 on Dec. 1. Nevertheless, some analysts and fund managers anticipate the dominant cryptocurrency to rise past $20,000 in the short term. But others are adamant that there will be another correction first, as seen in previous bull cycles. Bitcoin sees a “minor” 10% drop There are many compelling reasons to believe that a deeper… Source link

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals – done via the exchange’s brokerage unit called Coinbase Prime… Source link

Reuters After declaring in 2018 that bitcoin has no place in investment portfolios, Bernstein Research’s co-head of portfolio strategy told clients on Monday that he’s changed his mind. Inigo Fraser-Jenkins said that the policy environment, debt levels, and diversification options for investors have changed since the pandemic and made bitcoin more attractive. The strategist also said that bitcoin’s volatility has dropped significantly in the last three years.  He recommended a… Source link

The price of bitcoin took a bit of a dip, though overall market sentiment remains bullish. Ether’s correlation to bitcoin is going up despite differences in value propositions. Bitcoin (BTC) trading around $19,077 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $18,171-$19,920 BTC above its 10-day and 50-day moving average, a bullish trending signal for market technicians. Bitcoin trading on Bitstamp since Nov. 28.Source: TradingView The… Source link

Bitcoin has come a long way since bottoming out below $4,000 in March. The cryptocurrency clocked a record high above $19,900 early Tuesday and is up nearly 170% this year. While institutional participation has increased, a large part of the retail crowd may have stayed away from the market. For that group, the fear of missing out (FOMO) on the opportunity to make triple-digit gains may have set in over the past few weeks. Yet, investing now while the cryptocurrency is trading near lifetime… Source link

Bitcoin (BTC) finally managed to secure a new all-time high, but the digital asset rejected strongly near $20,000. On-chain analysts say a sell-off from whales and miners, combined with the $20,000 level acting as a resistance level caused a fierce drop. BTC/USD 15-minute chart. Source: TradingView What led whales and miners to sell Bitcoin? For whales and high-net-worth investors, liquidity is the most important factor. Because they deal with large orders, they need to calculate the slippage… Source link