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A Generational Bottom May Be in For Bitcoin at $6,500 as Traders Expect Big Rally

Subsequent to an intense short squeeze on Dec. 18, traders are anticipating an extended bull run as BTC looks to test higher resistance levels. Peter Brandt, a prominent trader and best-selling author, said that bitcoin defended an important support level. Continue reading A Generational Bottom May Be in For Bitcoin at $6,500 as Traders Expect Big Rally

Traders Explain Why You Should Be Long-Term Bullish on Bitcoin

Bitcoin’s price has corrected by as much as 53% from the 2019 high of $13,880. Investor sentiment has turned extremely bearish. A few weeks ago, the idea of bitcoin trading at $5,000 was unthinkable. Today, many are calling for $5,000 to be the bottom of this downtrend. Continue reading Traders Explain Why You Should Be Long-Term Bullish on Bitcoin

If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast

Bitcoin’s status as an uncorrelated asset is about to be revoked, as a scarily close relationship to the price of avocados implies that the digital currency may be about to fall off a cliff. Bitcoin’s performance of late has left a little to be desired, and strangely so has the price of avocados. This relationship was pointed out in a profoundly insightful tweet by Bloomberg’s financial Journalist, Tracy Alloway. A graph depicting the price of Hass avocados and bitcoin shows an eerily similar pattern. Continue reading If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast

This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency. And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method. But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money. Continue reading This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money