Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term view on the digital asset. Continue reading Analyst Spots Trend Suggesting Incoming Monster Bitcoin Rally
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Continue reading China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally
Komodo (KMD) has performed particularly well over the last 7 days, and one trader has suggested that this might be an indicator of even better things to come. Nik Patel pointed out that, according to a pattern he spotted, the 50th-biggest crypto could be about to surge by as much as 300%. Continue reading Is Komodo (KMD) gearing up for a 300% rally?
The bulls are back in town ahead of the US trading session, at least for one more day, and a buoyant Dow looks poised to leap nearly 150 points at the stock market’s opening bell. The mood is a bit more sour in the cryptocurrency market, where the bitcoin price is careening toward an uncomfortable milestone and could soon test its critical support level. Continue reading Dow Beats Back Bears with 200 Point Rally, Bitcoin Teeters Toward ‘Critical’ Support
In the last 24 hours, seemingly unaffected by the withdrawal of the Chicago Board Options Exchange (CBOE) and VanEck Bitcoin exchange-traded fund (ETF), the Bitcoin price has remained stable at $3,500. Continue reading Why This Crypto Trader Believes the Bitcoin Price Will Rally in May