Category: Bitcoin

The Bullish Scenario That Puts Bitcoin At $165K Before $22K

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Bitcoin is still quite bullish over the long term despite all of the bearish short-term trends being recorded recently. It is still one of the most promising investment options in the space with growth speculated to skyrocket in the next five years. Through all of the recent downtrend, there have been widespread concerns that the cryptocurrency has officially entered another stretched-out bear market. Not everyone subscribes to this school of thought, however. The current bearish climate does nothing to deter bulls as there are still various scenarios that put bitcoin…

Bitcoin Fails To Establish Significant Demand, Why Price Could Fall To $20K

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Bitcoin lost its footing above $40,000 once more over the weekend and has been on a downward trend since. This is not a shocking move given that the last two moves into the $40-$44K range had ended the same way. However, this third time has come with a much lower momentum, raising concerns regarding the ability of the digital asset to establish any semblance of support below this level. No Demand Established A fall below $40K shortly after breaching it is not unheard of in the history of bitcoin. In…

Sellers In Control, Why Bitcoin Could Revisit $34K

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Bitcoin is still on a decline struggling below the $40K mark. This had been a significant hold point for the bulls but once the bears had successfully dragged the digital asset below this critical support point, it has been a long way down since then. While a reversal is likely at this point, it is also possible that the digital asset continues to record more decline, leading to as low as $34K. Why Bitcoin Could Reach $34K A new report from Delphi Digital outlines a possible trend for bitcoin. The…

Here’s the outlook for bitcoin as geopolitical tensions heat up and interest rates rise

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Artur Widak | NurPhoto | Getty Images The bitcoin narrative could be tested this week as investors monitor tense developments between Ukraine and Russia and weigh the possibility of the Federal Reserve hiking interest rates by 50 basis points, or 0.5 percentage point, in March. The largest cryptocurrency by market capital currency has long been regarded by early investors and enthusiasts as a safe haven asset – one that ideally could offset risk in investors’ portfolios and limit exposure to negative shocks. However, in recent months bitcoin has has been…

Why Bitcoin Bulls Must Hold Current Position Or Risk A Drop To $36,000

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Bitcoin has now solidified its position in the bull trend. With each recovery trend has come a risk of reversal though, which makes a strong point for bulls to continue to hold the value up. In times like this, a small slip-up can end up being devising for the value of the asset causing it to cascade down into another stretched out downtrend. However, if bulls are able to hold above this point, then bitcoin may well and truly enter into another raging bull market. Why Current Position Is Important…

Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom

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Bitcoin on-chain analysis can be a good way to try to guess where the market is headed. The market tends to repeat itself with metrics looking the same before a bull or a bear rally, thus making this data a pretty good indicator of what’s to come. Analyst Willy Woo uses this same data to demonstrate a pattern that occurs before the bull rally, the criteria which are being met once again. Start Of A Bull Run? In a recent string of tweets, analyst Willy Woo presents data from on-chain…

Bitcoin evangelist Michael Saylor says clear crypto regulations would speed institutional adoption

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Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as a major bitcoin believer and holder he’s looking for “clear, bright line definitions of digital property versus a digital security versus a digital currency and the operating rules of the digital exchange.” U.S. Securities and Exchange Commission Chairman Gary Gensler…