Some analysts expect volatility to eventually rise next year, especially as the correlation between bitcoin and the S&P 500 remains elevated. For now, pullbacks in assets deemed to be risky, such as cryptocurrencies and stocks, appear to be limited given strong seasonal trends. Source link … [Read more...] about Bitcoin Bears Retreat as Traders Buy on Dips
Every time the zeal for digital assets from crypto enthusiasts crescendos, so does the derision from crypto critics.Recently, as bitcoin futures exchange-traded funds made their debuts in the U.S. and the price of the world’s largest cryptocurrency by market value leaped above $65,000, a world-renowned economist and a star bond fund manager took to social media and the airwaves … [Read more...] about As Crypto Bulls And Bears Abound, Who Should You Believe?
Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in mid-July finally giving institutional investors a chance to offload their funds, but this is not likely to be the main reason.Meanwhile, … [Read more...] about Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms
Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level. Data from Cointelegraph Markets Pro and TradingView since rallying to $35,400 on June 28, Bitcoin has traded in a range between $33,850 and $35,000 as … [Read more...] about Bears back off, but Bitcoin price still wavers below $35K
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at … [Read more...] about Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K