The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow

Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum. The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many states and cities that were previously on lockdown begin opening up. One indicator of the market’s newfound momentum can be seen while looking towards the number of publicly traded companies that are seeing their stock…

Here Are 2 Ways to Benefit From the Impending Bitcoin Volatility Spike

Bitcoin’s price action has quickly become unbearable for many traders. As NewsBTC has reported extensively over recent days, the crypto market has come to an absolute standstill. In the past week, the cryptocurrency has traded in a right 5.5% range, with bulls and bears not even attempting to break out of the consolidation. Stepping back, the lack of volatility is further accentuated; For nearly nine weeks now, Bitcoin has traded in the range between $8,500 and $10,000. Recent volatility analyses, however, have suggested an imminent breakout for BTC. A Massive…

Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”

Bitcoin has seen some of the most boring price action it has witnessed in over a year. After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100. The benchmark digital asset is showing few signs of breaking this trend anytime soon, but one analyst does believe that this could mark the “calm before the storm.” He claims that this bout of sideways trading is likely to resolve in a massive…

Nearly Half of Crypto Twitter Doesn’t Think Bitcoin Will Hit $50k in 2021

There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model. Some have argued that his work is valid while others aren’t so sure. On July 3rd, the analyst put the community to a vote, asking whether or not they believe in the model. The results were almost split down the middle. Related Reading: Bitcoin Community Celebrates as Crucial Lightning Network Project Launches Almost Half of Respondents Don’t Believe in S2F Bitcoin Price Model On July 3rd, the pseudonymous quantitative…

Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

Last Time Bitcoin Volatility Was This Low, BTC Surged by 25% in 24 Hours

For the past few weeks, Bitcoin analysts have observed extremely low volatility in the nascent cryptocurrency market. Nothing shows this inaction quite as well as the chart below from Blockroots founder Josh Rager. It shows that for the past eight weeks now, BTC has been trapped in a ~15% range — something abnormal for this volatile asset class. Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart from Tradingview.com According to a new analysis, volatility has dropped to crucial lows suggesting that a massive…

A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return

To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anything until one of these lines gets hit.” That’s to say, the analyst isn’t taking a trading position in Bitcoin because he has no idea where it will go first. BTC range chart shared by chartist/technician Byzantine General (@Byzgeneral on Twitter). Chart from TradingView.com Unfortunately for bulls, the evidence is starting to melt that a correction is more likely…

Analyst Who Predicted Bitcoin’s V-Shaped Reversal at $3,700 Is Bullish

It’s been a tough past few weeks for the Bitcoin market. Some are skeptical that the cryptocurrency is in a bull trend after BTC has sustained multiple rejections at $10,000. Yet a trader that nailed a bold prediction remains optimistic, sharing a number of signals indicating imminent upside. Bitcoin Could Soon See a Bounce, Says Crypto Trader In March, Bitcoin plunged from the $9,000s to $3,700 in the matter of a week. Considering the severity of the drop, coupled with a collapse in the traditional economy, few expected a rebound.…

Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021

The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year. A majority of cryptocurrency investors on Twitter seemingly believe in the model, though it’s increasingly come under fire. Debate about PlanB’s work has come to a head over the past few days as prominent commentators have chimed in. What Is the Stock to Flow Model? The S2F model is an econometric formula released by PlanB in March of 2019. The pseudonymous analyst is a Dutch institutional investor that…

Chainlink Investors Worry About a Correction, But On-Chain Metrics Tell Otherwise

Chainlink has seen an impressive rally thus far this year. It has been fueled by different partnerships that have put this altcoin in the spotlight of the cryptocurrency market. The decentralized oracles token provided investors a mid-year return of investment of nearly 160% as its price rose from a yearly open of $1.76 to close June at $4.57. Despite the considerable returns, market participants worry about a potential correction that could wipe out some of the gains incurred. Chainlink Forms a Potential Double Top The price action that Chainlink has…