Bitcoin price in classic ‘Bull Pennant’ breakout as BTC whales go on buying spree
The latest BTC price jump above $65,000 has all the signs of a classic bullish breakout.
Auto Added by WPeMatico
The latest BTC price jump above $65,000 has all the signs of a classic bullish breakout.
Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher.
The news came mere days after Miami Mayor Francis Suarez announced that he's going to take his next paycheck entirely in BTC.
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon.
Dubbed MVRV, the indicator represents the ratio of Bitcoin's Market Value to Realized Value.
Crypto has grown to become a $2.7 trillion asset class, with Bitcoin, Ether and DeFi attracting more institutional interest.
The mayor said he preferred to use an app like Bitwage or Strike rather than having the local government concert his fiat paycheck into crypto.
There is enough historical data to back up the notion that “Bitcoin seasons” really do exist.
October was a record-breaking month for BTC funds, thanks to the approval of two futures-linked ETFs in the United States.
The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops.