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Bitcoin price falls to $29.5K, but on-chain data reflects investors’ growing interest

BTC price dropped below $30,000 again on July 18, but the recent crab market price action is also backed by compelling investor activity on-chain.

Continue ReadingBitcoin price falls to $29.5K, but on-chain data reflects investors’ growing interest

Price analysis 3/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.

Continue ReadingPrice analysis 3/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant

The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.

Continue ReadingBitcoin’s $100K price target returns as BTC price breaks out of bull pennant

Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021

One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin's gains in the same period came out to be around 290%.

Continue ReadingHere’s why Bitcoin mining stocks have been outperforming BTC price in 2021

Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.

Continue ReadingBitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021

Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.

Continue ReadingBitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows