Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019.In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from his stock-to-flow model's estimates in over two years.Stock-to-flow "make or break"After May's huge capitulation event, Bitcoin price action has failed to regain lost … [Read more...] about Bitcoin posts third monthly red candle with Stock-to-Flow price model echoing early 2019
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Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle
Bitcoin (BTC) may have just had its worst monthly candle in 10 years, but it could still surge to new all-time highs this year, said popular analyst PlanB.In a tweet on Tuesday, the creator of the stock-to-flow-based BTC price models said that Bitcoin is behaving like during its 2013 bull run.Stock-to-flow “intact” after May dropAfter its drop to $30,000 and several retests of … [Read more...] about Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle
Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’
Bitcoin (BTC) and altcoins' markets lost a combined total of up to $602 billion overnight in a shocker brought forth by Elon Musk.The billionaire entrepreneur did an about-turn on his decision to accept Bitcoin for the electric vehicles offered by his company Tesla. He cited environmental concerns, noting that Bitcoin mining requires many fossil fuel burnings, especially … [Read more...] about Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’
Bitcoin records sixth straight monthly green candle: What’s BTC’s price outlook?
The last time Bitcoin saw six-monthly green candles in a row was in 2013 Bitcoin (BTC) price closed March in the green to record the sixth consecutive green candle on the monthly log. It is the first time the top cryptocurrency has achieved this since a similar run in 2012—2013. The bullish streak has seen Bitcoin’s price break above $61,000, and confirmation of another monthly … [Read more...] about Bitcoin records sixth straight monthly green candle: What’s BTC’s price outlook?