Bitcoin (BTC) passed $32,000 later on July 16 as positive reactions over Bank of America's (BoA) Bitcoin futures go-ahead continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin nears $32,300 point of interest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising 1.4% on the day to hit new local highs of $32,150 on Bitstamp.The pair saw … [Read more...] about Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays
Traders
85,000 crypto traders ‘liquidated’ after Bitcoin fell to nearly $30,000
Tens of thousands of crypto traders were liquidated last night as Bitcoin briefly dropped to under $30,500, data from multiple sources shows. Altcoins saw a similar dump as a result, with millions of dollars getting shaved off on lesser-known coins like AXIE and SAND.Over 82,000 traders were liquidated, with the largest single liquidation order taking place on Bybit—a Bitcoin … [Read more...] about 85,000 crypto traders ‘liquidated’ after Bitcoin fell to nearly $30,000
Here’s 2 ways clever pro traders spot crypto and stock price reversals
Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction.While several patterns signal a possible trend change, one of the easiest to … [Read more...] about Here’s 2 ways clever pro traders spot crypto and stock price reversals
Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?
Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors' endless optimism and belief in infinite upside could be BTC's decreasing issuance and the 21 million coins fixed supply limit.However, not even the most accurate models, including the stock-to-flow (S2F) from … [Read more...] about Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?
Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use
The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism.By no longer depending on the intense energy-consumption mining, the main goal is to … [Read more...] about Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use