Quick take: Timothy Peterson has pointed out that Bitcoin’s price is ahead of its fundamentals by 6 – 9 months However, this is not a big concern as it sometimes happens with technology in the limelight...
Quick take: Bloomberg’s Crypto Outlook report for December forecasts a $50k resistance level for Bitcoin in 2021 This will bring its market cap to $1 Trillion $10k will be Bitcoin’s support next year after serving as...
Quick take: The month of November saw 19.6 million active Bitcoin addresses This amount is Bitcoin’s third-highest in its history A higher number of active Bitcoin addresses was only witnessed in December 2017 and January 2018...
Quick take: Willy Woo has forecasted that Bitcoin could hit $200k by the end of 2021 However, he views this as a conservative estimate and Bitcoin could very well reach $300k Mr. Woo also pointed out...
Quick take: Yesterday, John Bollinger had cautioned that Bitcoin’s attempt at $20k is a classic top setup Bitcoin has since dropped from $19,900 to $18k in a flash crash The 50-day moving average seems like a...
Quick take: Positive twitter comments related to Bitcoin are near a 6-month high The last time the sentiment was this high, was during the Bitcoin halving in May This is the fourth time Bitcoin’s Twitter sentiment...
Quick take: Bitcoin whales holding more than 1,000 BTC sold their bags at $19,300 11 of such whales sold enough to no longer be in the 1,000+ coin list Selling by whales is usually a tell-tale...
Quick take: Professor Nouriel Roubini has classified Bitcoin as the most manipulated asset ever This is after BTC dropped hard from $19,400 to $16,300 He explained that retail traders were hoodwinked by whales and ‘shafted as...
Quick take: Bitcoin zoomed past the $17,115 resistance level like it did not exist BTC is still showing signs of bullish momentum Its parabolic nature since September points to a pullback to $13,800 However, a pullback...
Quick take: Microstrategy CEO, Michael Saylor, has compared Bitcoin to a dragon that will eventually eat the Kingdom of Gold His comments were in response to the CIO of BlackRock, talking about Bitcoin eventually replacing Gold...
Quick take: Bitcoin’s active addresses have hit a 2 year high of 1.19 Million This amount of activity on the Bitcoin blockchain was last witnessed in January of 2018 Bitcoin has also set a 2020 peak...
Quick take: OKEx users will have unrestricted Bitcoin and Crypto withdrawals on or before November 27th The exchange will also launch loyalty reward campaigns to thank the OKEx community for being patient OKEx’s founder, Star Xu,...