Bitcoin Just Broke $12K To Start A Fresh Cycle of Strong Uptrend

Bitcoin is gaining momentum and it recently crossed $12,000 against the US Dollar. BTC is showing positive signs and it is likely to continue higher towards $12,400. Bitcoin is trading in a nice uptrend above the $11,800 and $12,000 levels. The price traded to a new monthly high at $12,084 and it is currently well above the 100 hourly simple moving average. There was a break above a short-term declining channel with resistance near $11,665 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…

Bitcoin Could Soon Become the “Fastest Horse”

Bitcoin has been one of the better-performing assets of the past few weeks, but a prominent financial educator says that the asset could become the fastest horse in the race. Bitcoin Could Soon Become the Fastest Horse in the Race According to Robert Kiyosaki, the author of “Rich Dad Poor Dad,” Bitcoin could soon become the “fastest horse” in financial markets. “GOLD is up 35% in 2020. S&P only 3%. Silver is still the best, still 30% below all time high. Best because it is limited in quantity, used in…

An Analyst Isn’t Counting Out the Scenario Where Bitcoin Drops to $8,000

Disregarding the ongoing consolidation, Bitcoin has seen an explosive price performance in the past two weeks. In that time frame, the leading cryptocurrency has gained approximately 25.8%. While this latest move higher brought the cryptocurrency above critical resistance levels in the $10,500 range. $10,500 acted as a point at which three separate Bitcoin rallies topped, making it a level of importance. Despite this technical strength the cryptocurrency has exuded, one analyst isn’t counting out the scenario where the asset plunges to $8,000 before a bigger bull run. Related Reading: Crypto Tidbits:…

Scarily Accurate Analyst Thinks Bitcoin Will Hit $15,000 by September

Bitcoin has stagnated in the mid-$11,000s over the past few days despite a surge in the value of altcoins. As of the time of this article’s writing, the leading cryptocurrency is trading for $11,700. Although this is a price higher than it was at last week’s candle close, there are some that do not believe that more upside is possible. According to a historically accurate analyst, though, Bitcoin moving to $15,000 by the end of the month is possible. This coincides with the sentiment of other analysts, who have suggested…

Retail Investors are Flooding into Bitcoin as Likelihood of Explosive Rally Grows

Bitcoin’s price has been caught within a strong uptrend throughout the past several weeks, although this momentum is showing some signs of stalling as the cryptocurrency consolidates within the upper-$11,000 region. Analysts are now noting that BTC may soon see a strong uptrend due to inflows of capital from retail traders who are just entering the market for the first time. This group of investors may provide Bitcoin with a strong base to grow upon and is indicated by the number of addresses holding over 1 BTC coupled with BTC’s expanding…

Oracle Tokens Continue Rallying Even as Bitcoin Uptrend Pauses

Oracle tokens LINK and BAND continues heading higher despite a bearish correction phase in the rest of the crypto market. The rallies show traders’ growing speculation of the DeFi cryptocurrencies. On a day when the cryptocurrency market is correcting lower, two Oracle tokens have moved in the opposite direction. Decentralized Finance’s top assets–Chainlink’s LINK and Band Protocol’s BAND–grew higher on Friday and continued their uptrend into the early weekend session. The BAND/USD exchange rate, for instance, logged a 21 percent rally in the last 24 hours. LINK/USD, on the other…

US Dollar Could See Bearish Reversal: Is A Bitcoin Reckoning Coming?

The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar sentiment fell this low in the past, it often triggered a strong reversal in the currency. Such a reversal, if it happens again, could bring a day of reckoning to crypto assets. Dollar Sentiment Reaches Reversal Point, Despite More To Drop All markets are priced in USD due to the United States dollar’s role as the…

Will a Massive Bitcoin Accumulation Trend be Enough to Propel It Further?

Bitcoin is currently in the throes of a boring consolidation phase within the upper-$11,000 region. This comes as the cryptocurrency struggles to surmount the resistance that sits at $12,000. It is important to note that the growth its price has seen in recent times appears to be far more organic than those seen in previous years – suggesting that it is establishing a strong base for a fresh macro uptrend. One metric of this organic growth can be seen while looking towards exchange outflows, which have been rising rapidly in…

Why The Dollar’s Coming Dead Cat Bounce Could Be Devastating For Bitcoin

The dollar is in sharp decline, and it has allowed other currencies to gain the upper hand. It has also let Bitcoin, gold, altcoins, and other hard assets shine. But will a coming dead cat bounce in the dollar devastate recent crypto market returns and cause a temporary pullback? Or is this the start of a bigger comeback by the king of all cash-based fiat currencies? USD: After Dramatic Drop To Two Year Low, TD Sequential Triggers 9 & 13 Buy Signals Nearly every financial asset across any market is…

Exchange’s Bitcoin Balance Just “Dropped Off a Cliff” as Bullish Undercurrent Grows

Bitcoin is currently growing incredibly strong from a technical and fundamental perspective. One indicator of the digital asset’s fundamental strength is the massive exchange outflows seen throughout the past several weeks. The trend has been picking up steam as of late, and just a couple of days ago, the balance of BTC within exchange wallets fell off a cliff, hitting the lowest level seen in ages. Analysts are noting that this is a highly bullish development, as it suggests that the cryptocurrency is well-positioned to see organic growth as the…