Bill Miller's flagship mutual fund completely missed the mark last year, as his new stock picks flopped. Source link
Bill Miller's personal portfolio had a banner year thanks to bitcoin, but his fund struggled
Category: Bitcoin Analysis
TA: Bitcoin Gearing For Lift-Off to $44K: Recovery Isn’t Over Yet
Bitcoin started a steady recovery wave above $42,000 against the US Dollar. BTC tested $43,000 and the bulls might aim more upsides above $43,500. Bitcoin is showing positive signs above the $42,000 support zone. The price is trading above $42,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $42,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to recover and test the $44,000 resistance zone in the near term. Bitcoin Price Starts…
Bitcoin Resumes Decline, Indicators Suggest Limited Upside
Bitcoin started a fresh decline below the $50,000 support against the US Dollar. BTC remains at a risk of a larger decline below $47,500 in the near term. Bitcoin started a fresh decline below the $50,000 and $49,500 support levels. The price is trading below $49,000 and the 100 hourly simple moving average. There was a break below a bearish continuation pattern with support near $49,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above $49,200…
Bitcoin Reclaims $50K, Why Rally Isn’t Over Yet
Bitcoin started a fresh increase above the $50,000 resistance against the US Dollar. BTC is showing positive signs and there could be more gains towards $52,000. Bitcoin gained pace after it broke the $49,500 resistance zone. The price is trading well above $50,000 and the 100 hourly simple moving average. There was a break a key declining channel with resistance near $48,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but dips might be limited below the $50,000 zone. Bitcoin Price…
Bitcoin Spikes Higher, Why Bulls Could Aim Larger Increase To $52K
Bitcoin started an upside correction above the $48,000 resistance zone against the US Dollar. BTC could gain pace if there is a close above the $50,000 level. Bitcoin started a decent increase above the $47,500 and $48,000 levels. The price is now trading above $48,500 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $48,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher if there is a close above the…
Bitcoin Close Below $56K Could Spark A Larger Decline
Bitcoin is struggling to surpass the $57,200 resistance against the US Dollar. BTC is declining and it might accelerate lower if there is a close below the $56,000 support. Bitcoin is struggling to move above the $57,000 and $57,500 levels. The price is now trading below $57,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $56,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a clear break below the…
Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $60K
Bitcoin gained pace and climbed above $58,000 against the US Dollar. However, BTC is still struggling to gain pace for a move towards the $60,000 level. Bitcoin started a fresh increase above the $57,000 and $58,000 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $58,000 resistance to continue higher in the near term. Bitcoin Price…
Why Bitcoin Weakness Is Attributed To Dollar Strength
Bitcoin price is currently on the ropes, potentially about to lose support at around $56,000. But could the recent weakness in the cryptocurrency market be more a factor of a strong dollar? TD Sequential Triggers Anti-Correlated Signals On BTCUSD, DXY Weeks ago, we posed the question if or not the Dollar Currency Index making new highs in 2021 was a dangerous situation for Bitcoin. After more than $10,000 per coin was wiped off the price of BTC, the answer was a resounding yes. But much like the cryptocurrency uptrend in…
Bitcoin Resumes Decline, What Could Trigger More Downsides
Bitcoin price failed to stay above $60,000 and started a fresh decline against the US Dollar. BTC could extend losses below $55,000 in the near term. Bitcoin started a fresh decline from the $61,000 resistance zone. The price is now trading below $58,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below $55,500 and $55,000 in the near term. Bitcoin Price Gains Bearish…
Bitcoin Trades Sideways, Technicals Point Chances of Fresh Rally
Bitcoin price is struggling to gain pace above $63,500 against the US Dollar. BTC could start a fresh rally if it clears $63,500 and $64,000 in the near term. Bitcoin is facing resistance near the $63,500 and $64,000 levels. The price is now trading above $62,500 and the 100 hourly simple moving average. There is a major contracting triangle forming with support near $62,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh rally if there is a clear break above…