Category: Bitcoin

XRP Price Dominates: Outperforming Bitcoin With Confidence

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Price Targets Key Breakout: Bulls Eye Upside Momentum

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Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $96,000 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 support zone. Bitcoin Price Could Regain Momentum Bitcoin price…

The charts indicate it’s time to bet on bitcoin and short gold, says Todd Gordon

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There has been much debate about who will be crowned the ultimate global store of value, gold or bitcoin. Based on the most recent technical development of the bitcoin-to-gold ratio chart, the market is voting on bitcoin. We are currently hold long positions in bitcoin and short positions in gold based on this analysis that I’ll attempt to explain as clearly and quickly as possible: Looking at the weekly ratio chart of bitcoin-to-gold you’ll notice that the highlighted triple-top resistance (ceiling) level from 2021 has been penetrated. This indicates that…

More stocks that are adopting MicroStrategy’s bitcoin yield strategy

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More and more bitcoin miners are starting to undertake a strategy harnessed by MicroStrategy , according to JPMorgan. MicroStrategy shares have been one of the hottest trades of the year as cryptocurrencies rallied to new highs and the victory of President-elect Donald Trump set off another wind as investors bet the new administration would adopt a more favorable stance toward digital assets. MSTR YTD mountain Shares this year The Michael Saylor-run software company has been widely known for snatching up the digital currency in recent years, with shares up more…

ETFs holding bitcoin are now the crypto’s largest holders, surpassing creator Satoshi Nakamoto

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Bitcoin exchange traded funds are now the largest holders of the flagship cryptocurrency. The 12 spot bitcoin ETFs in existence have collectively passed $100 billion in assets under management, one of the most successful ETF launches in history. The funds now own slightly more than 1.1 million bitcoin , equivalent to about 5% of all the bitcoin in existence. BTC.CM= YTD mountain Bitcoin in 2024 Collectively, bitcoin ETFs now own more of the cryptocurrency than legendary pseudonymous founder Satoshi Nakamoto, who is believed to control as much as 1.1 million…

A hedge for bitcoin if it pulls back after hitting the $100,000 milestone

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Bitcoin has been surging all year in 2024 but this week investors have seen “digital gold” vault above the monumental level of $100,000 . President-elect Donald Trump has presented crypto-friendly expectations, and he also has revealed political changes at the SEC that further fueled the rally, pushing the digital coin to up 140% in 2024. I want to book profits and hedge out potential downside risk if investors take a bitcoin breather over the holidays. The first bitcoin ETF launched in early January of this year, the iShares Bitcoin Trust…

Bitcoin hit $100,000. Here’s what it means if it’s in your portfolio

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Bitcoin finally reached $100,000 and investors holding the cryptocurrency in their portfolios have a few moves they’ll need to make before they celebrate. The flagship crypto crossed the $100,000 threshold for the first time late Wednesday, a fresh milestone in its 2024 hot streak. This year alone, bitcoin has more than doubled in value. BTC.CM= YTD mountain Bitcoin’s performance in 2024 “It is a big moment for a lot of people,” said Tyrone Ross, CEO of Turnqey Labs, a platform that provides data aggregation for reporting on crypto assets. “There…

What’s next for bitcoin after topping $100,000, according to the charts

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Bitcoin has finally reached the “the big round number.” After consolidating just below this level in recent weeks, bitcoin has now broken out to another new all-time high above $100,000, leaving investors to consider exactly how much upside we should expect. First, we’ll look at how we got to this point from a technical perspective. Then, we’ll break down two different approaches to identifying the next potential top for the flagship cryptocurrency. Over the past two years, we’ve noted a number of times where bitcoin has experienced such a strong…

These are the stocks with the highest correlation to bitcoin as the digital currency tops $100,000

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With bitcoin notching fresh highs, some closely correlated stocks look poised to gain — or suffer — depending on where the digital currency goes from here. Bitcoin crossed above the $100,000 mark for the first time late Wednesday, building on the rally that kicked off in the wake of President-elect Donald’s Trumps victory, which boosted hopes for more favorable cryptocurrency policy. The cryptocurrency was last up about 2% at $101,201. BTC.CM= 1D mountain Bitcoin tops $100,000 mark Trump on Wednesday also announced plans to nominate Paul Atkins to succeed Gary…

The road to $100,000 — What’s behind bitcoin’s storied 2024 run

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A novelty Bitcoin token arranged in front of the price of the cryptocurrency against the US dollar, reaching over $100,000, in Hong Kong, China, on Thursday, Dec. 5, 2024.  Paul Yeung | Bloomberg | Getty Images Bitcoin‘s long-awaited push above $100,000 comes during the culmination of a year in which the leading cryptocurrency was embraced by key Wall Street institutions and became a hot topic in the U.S. presidential election. For years, bitcoin bulls predicted a rally to $100,000 as a way to show their optimism about crypto. But many…