A key metric for where the bitcoin price might be headed is flashing a huge buy signal. In fact the last time it reached its current levels it preceded the rally to the $20,000 all-time high. Over the past week or so the price has held up relatively well given the return of Covid blues to the stock markets. If there is one factor that has been a sturdy predictor of pain to come for bulls, it has been precipitous slides in the S&P 500. The stock market matters so…
Day: June 28, 2020
Bitcoin (BTC) Turns Bearish, Bitfinex Whale Reappears on Twitter
In brief: Bitcoin is once again battling to keep its head above $9,000. Bitfinex Whale, @Joe007, has since reappeared on Twitter. @Joe007 had disabled his account when Bitcoin broke $10,000 in early May and looked set for a bull run. Famous Bitfinex whale, @Joe007, is once again active on Twitter after leaving the social media platform in early May. In a two-sentence tweet, @Joe007 enthusiastically announced his return by stating that it was time to have some more fun. A screenshot of the tweet can be found below. Social Media…