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CME Bitcoin derivative traders had ‘paper hands’ as BTC broke $55K — Report

Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.

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Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market

The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the…

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Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve's taper outlook based on non-farm payroll numbers.

Continue ReadingBitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?

The indicators, coupled with a strong bid momentum versus the offers, suggest that Bitcoin’s price could push above $50,000 in the coming sessions.

Continue ReadingBitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?