Over the past eight weeks, Bitcoin has surged past resistance after resistance in its rally from $3,700 to $9,700 โ the price as of the time of this articleโs writing. This move has been undoubtedly impressive, with the price action attracting mainstream media attention and Wall Street investors. However, analysts say itโs not clear skies ahead for Bitcoin just yet, pointing to a key resistance the cryptocurrency is rubbing up against. Related Reading: Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto Bitcoin Crossing $10,500 Will Open…
Day: May 18, 2020
If Bitcoin Crosses $10,500, a New Highs Would be “On the Horizon”: Analyst
Over the past eight weeks, Bitcoin has surged past resistance after resistance in its rally from $3,700 to $9,700 โ the price as of the time of this articleโs writing. This move has been undoubtedly impressive, with the price action attracting mainstream media attention and Wall Street investors. However, analysts say itโs not clear skies ahead for Bitcoin just yet, pointing to a key resistance the cryptocurrency is rubbing up against. Related Reading: Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto Bitcoin Crossing $10,500 Will Open…
Bitcoin Halving, BUY NOW? WAIT? Price Breaking Out On News of HUGE INVESTOR'S BTC PLAY
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Record CME BTC Open Interest Shows Institutions Bullish on Bitcoin Price
Bitcoinโs (BTC) options markets are finally taking off at CME. This week Cointelegraph reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call options. The buyer of a call option can acquire Bitcoin for a fixed price on a predetermined date. For that privilege, this investor pays an upfront premium for the call option seller. CME Bitcoin Options Volumes – USD. Source: Skew As halving uncertainties became less of a risk, institutional investors began mounting bullish positions. Despite being more…
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