Bitcoin

Bitcoin (BTC) spiked into key liquidity for a third time into Jan. 29 as the weekly and monthly closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader on Bitcoin: $25,000 “in sight” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly hitting $24,498 on Bitstamp overnight. The move, although short lived, marked the pair’s third such attempt to take sell-side liquidity above $23,400 in recent days. In each instance, bulls appeared to lack momentum… Source link

The crypto strategist who nailed Bitcoin’s May 2021 collapse says BTC is flashing signals that suggest the king crypto is setting up for a massive move to the upside. Pseudonymous analyst Dave the Wave tells his 134,500 Twitter followers that multiple technical indicators are turning bullish for BTC. “The real possibility of a large BTC move [manage risk to both sides]: Weekly MACD [moving average convergence/divergence] in same area Histogram as extended Price in the lower… Source link

A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional investors expect the price of bitcoin to reach. The London-based investment manager is… Source link

Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again. The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative tightening (QT) ending to avoid a “catastrophic debt crisis.” Analyst: Fed will have “no choice” with rate cuts The U.S. Federal Reserve continues to remove liquidity from the financial system to fight inflation, reversing years of COVID-19-era money printing. While… Source link

Try to avoid it all you like, but ‘cryptocurrency’, ‘Bitcoin‘ and ‘NFTs‘ will always find you, be it through social media bots, news headlines or quiz show questions. With so many new terms popping up over the last decade, the world of digital currencies can not only feel intangible, but also dangerous. Bitcoin’s value plummeted by more than 50 per cent last year, and who could forget the man that lost £107 million worth when he accidentally threw out his hard drive. MailOnline tackles the… Source link

Bitcoin (BTC) remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools. Garner: BTC price signals should excite bulls While BTC/USD attempts to push through liquidity above $23,000, the debate rages as to whether a significant BTC price correction is due. For Garner, who offered a… Source link

Bitcoin (BTC) remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools. Garner: BTC price signals should excite bulls While BTC/USD attempts to push through liquidity above $23,000, the debate rages as to whether a significant BTC price correction is due. For Garner, who offered a… Source link

Recent data from Matrixport, a digital asset financial services platform, confirm that institutional investors have not abandoned crypto, especially Bitcoin. According to data, institutional investors now account for 85% of Bitcoin purchasing.  Matrixport’s head of research and strategy, Markus Thielen, said it shows that institutional investors are still very much interested in crypto and is also a sign that the bull market is near. Bitcoin Performance During Trading Hours… Source link

Image source: Getty Images Just when you thought it was safe to consign cryptocurrencies to the corner of your mind inhabited by video cassettes and sub-2% mortgage rates, Bitcoin has come bouncing back. The granddaddy of digital currencies had been on the floor and seemed out for the count as 2022 ended. Its price had crashed from $65,000 in November 2021 to less than $16,000 a year later. And with crypto exchanges going bust left and right and the industry (allegedly) getting its own Bernie… Source link

Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment.  Total crypto market cap in USD, 1-day. Source: TradingView Bitcoin (BTC) price gained 8% on the week, stabilizing near the $23,100 level at 18:00 UTC on Jan. 27 as the markets weighed the potential impact of Genesis Capital’s… Source link