Tag Archives: bitcoin price

Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength

Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength

BTC has remained in a consolidation phase since February. Bitcoin (BTC) is holding short-term support and was trading around $54,000 at press time. The cryptocurrency is now below the 50-day moving average as upside momentum continues to slow. Buyers will need to defend support around $51,000 to stabilize the long-term uptrend. The relative strength index […]

Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

BTC held support around $50K and is approaching resistance around $56K. Bitcoin rose for the first time in three days as traders looked past Friday’s record $6 billion expiration of option contracts to a stronger market next week as April begins. “Returns after prior bitcoin options expiration dates have tended to be positive,” David Grider, strategist at Fundstrat, […]

Grayscale Discount Might Signal Start of Fresh Bitcoin Rally, Bloomberg’s McGlone Says

Grayscale Discount Might Signal Start of Fresh Bitcoin Rally, Bloomberg’s McGlone Says

Bloomberg Intelligence analyst Mike McGlone, who correctly predicted bitcoin (BTC, -2.65%)‘s ascent this year to a price above $50,000, says recent market indicators suggest $100,000 could be the next threshold. McGlone wrote in a March outlook report that a recent drop below zero in the so-called Grayscale premium – a closely watched metric in cryptocurrency markets – could signal […]

Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments

Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments

Analysts are mixed on how low bitcoin might go if a bigger pullback is seen. Bitcoin swiftly lost altitude early on Monday, dropping over 15% to below $50,000 before rebounding somewhat. The downward price movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to accelerate as U.S. Treasury […]

A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan

A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan

JPMorgan strategists have said the odds of a bitcoin correction would rise if flows into the Grayscale Bitcoin Trust slow down dramatically. Such a drop in flows into the largest bitcoin (BTC, -1.43%) fund would increase the likelihood of a price correction similar to the one seen in the second half of 2019, according to a note from […]

Bitcoin Price Prediction – Bitcoin Falls Under $11,000! How Low Will The BTC Price Drop?

Bitcoin Price Prediction – Bitcoin Falls Under $11,000! How Low Will The BTC Price Drop?

The Bitcoin price reached the $12,000 mark once again, but wasn’t able to break it. It is now undergoing a heavy correction as predicted in our last prediction! Where are the correction price targets? We wrote our last Bitcoin Price Forecast on August 18th. Here’s what we said when BTC traded at $11,506: In the weekly […]

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

While many people believe that the massive adoption of Bitcoin is somewhat tied around the mainstream acceptance of digital currencies in general, Tim Draper thinks there is more to it. In a Bloomberg report, the American venture capital investor said Bitcoin adoption could grow because of its efficiency. Bitcoin adoption accelerator Draper mentioned that the largest cryptocurrency […]