• April 18, 2021
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Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’
Bitcoin

Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’

admin April 12, 2021

Bitcoin inched closer to its $61,711 all-time high price over the weekend amidst strong adoption and favorable sentiment for the world’s largest cryptocurrency by market cap. Booming Bitcoin and uptrending charts Several companies have dipped into the asset last year, with names like business analytics firm MicroStrategy and electric maker Tesla picking up billions of […]Read More

Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls
Bitcoin

Boom for Bitcoin as Macro Analysts Stick to Their Bearish

admin April 8, 2021

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla revealed that it replaced $1.5 billion of its cash reserves with bitcoin, […]Read More

Bearish Divergence Flashes Warning for Bitcoin as Price Nears $60,000
Bitcoin

Bearish Divergence Flashes Warning for Bitcoin as Price Nears $60,000

admin March 19, 2021

A widely traced technical indicator in the Bitcoin market is signaling bullish exhaustion as the cryptocurrency flirts with $60,000. The 14-day Relative Strength Indicator (RSI), which alters traders about Bitcoin’s oversold and overbought conditions, has formed lower highs so far in 2021, decoupling from the cryptocurrency’s relentless uptrend, which is forming higher highs as the […]Read More

Bitcoin Wipes Off Dangerous Bearish Cross After Fed Holds Rates Steady
Bitcoin

Bitcoin Wipes Off Dangerous Bearish Cross After Fed Holds Rates

admin March 18, 2021

Key Bitcoin Takeaways Bitcoin formed a bearish cross earlier this week as it underwent a major sell-off. But the cryptocurrency counterbalanced fears of a further downside correction after the Federal Reserve’s policy update. The US central bank announced that it would keep near-zero interest rates steady. Earlier this week, a death cross formed on the […]Read More

Powell Comments Leaves Bitcoin Market Sour; Bearish Assault Ahead?
Bitcoin

Powell Comments Leaves Bitcoin Market Sour; Bearish Assault Ahead?

admin March 5, 2021

A dayslong sell-off in the Bitcoin market intensified, and Treasury yields jumped Thursday, as Federal Reserve Chairman Jerome Powell did little in subsiding fears about the recent spike in government debt selling. At the Wall Street Journal Jobs Summit, Mr. Powell reiterated that the US economy is far from achieving maximum employment. He spoke about […]Read More

US Dollar Confirms Bearish Continuation as Bitcoin Hits Record High
Bitcoin

US Dollar Confirms Bearish Continuation as Bitcoin Hits Record High

admin February 12, 2021

Both the US dollar and Bitcoin enjoyed a period of strength at the beginning of 2021. But while the cryptocurrency continued its uptrend higher, led by a new wave of institutional adoption, the greenback endured a sharp pullback in the wake of unsupportive fundamentals. The US dollar index, which tracks the greenback’s strength against the […]Read More

Parabolic Move In Bitcoin “Imminent” After Breaking Bearish Ceiling
Bitcoin

Parabolic Move In Bitcoin “Imminent” After Breaking Bearish Ceiling

admin February 11, 2021

Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager. Here’s what the rest of the parabolic move might look like, once the uptrend regains […]Read More

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