Category: Bitcoin Analysis

Warren Buffett gives his most expansive explanation for why he doesn’t believe in Bitcoin

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Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it. “Whether it goes up or down in the next year,…

Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K

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Bitcoin climbed further above the $42,000 level against the US Dollar. BTC is showing positive signs and might rally further above $42,200. Bitcoin remained well supported above the $41,000 and $41,100 levels. The price is now trading above $41,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $41,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a strong upward move if it settles above the $42,000 resistance zone. Bitcoin Price Gains Pace…

Why Bitcoin Price Eyes Crucial Upside Break Above $41.5K

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Bitcoin extended its recovery above the $41,400 against the US Dollar. BTC could rally further if there is a clear close above the $41,500 and $41,800. Bitcoin started a decent recovery wave above the $41,000 and $41,400 levels. The price is now trading above $41,000 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with resistance near $41,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $41,500 resistance and $41,800 to start a major upward move.…

This crypto fund has outperformed bitcoin for the last five years. Here’s how

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A visual representation of Bitcoin. Edward Smith | Getty Images In a space filled with venture investors and traders, a blockchain fund run by value managers thinks it can give investors greater returns than bitcoin itself. Bitcoin has been called the best performing asset of the decade by some. Off the Chain Capital, a fund that deploys a traditional value investing strategy – using fundamental analysis to find undervalued assets – says its fund has outperformed bitcoin in each of the last five years. The fund has averaged 133% per…

Bitcoin Exchange Outflows Suggest Rally May Only Be Starting

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Bitcoin exchange inflows and outflows continue to be a way to determine what investors are doing with their coins. These usually follow a trend either in a bull or a bear market and deviate when there is a change in the market. This time around, with the market back in another surge, looking at the exchange net flows paints a rather positive picture. This is because bitcoin outflows continue to dominate in this regard. Bitcoin Outflows Ramp Up For the past week, the price of bitcoin has been on an…

Why The Latest Correction Is Good For Bitcoin

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Bitcoin has finally corrected downwards after being on a bull rally for the better part of this week. This is an expected development for a digital asset that has grown so much in such a short time. However, while some in the market lament this downtrend, it is important to look at what a correction like this might mean for the digital asset. Because it may do more good than harm in times like these. Is This Correction Bad? For any upward recovery, there is bound to be a correction.…