Category: Bitcoin

Tudor Jones is long gold and bitcoin as hedge fund titan believes ‘all roads lead to inflation’

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Billionaire hedge fund manager Paul Tudor Jones said Tuesday he is long gold and bitcoin as he expects that the path forward will be inflationary regardless of who lands in the White House — though he has started positioning for a Trump victory. “I think all roads lead to inflation,” Jones told CNBC’s “Squawk Box” on Tuesday. “I’m long gold. I’m long Bitcoin. I think commodities are so ridiculously under-owned, so I’m long commodities. I think most young people find their inflation hedges via the Nasdaq, that’s also been great.”…

Bitcoin Price Gains Steam: Is a New Surge on the Horizon?

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Bitcoin price started a fresh rally above the $65,500 resistance zone. BTC is now consolidating and might clear the $68,000 resistance to continue higher. Bitcoin is up over 7% and now shows a lot of positive signs. The price is trading above $66,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,000 resistance zone. Bitcoin…

MicroStrategy at highest level relative to bitcoin since 2019, per Wolfe

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While “boring” bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he “loves [MicroStrategy’s] chances to get out and continue climbing,” but that the stock is overbought in the near term. He suggested a bitcoin hedge. MSTR BTC.CM= YTD mountain Bitcoin and MicroStrategy in 2024 “Lack of enthusiasm for the once high flying asset class is one of the factors that led us to maintain a more defensive, risk…

Bitcoin Price Poised for a Fresh Rally, Unless This Level Breaks

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Este artículo también está disponible en español. Bitcoin price is consolidating above the $60,000 support. BTC could aim for a fresh increase unless there is a close below the $60,000 support. Bitcoin is consolidating above the $60,000 support zone. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $60,000 support zone. Bitcoin…

Bitcoin Price Back at Support: Can It Avoid a Breakdown?

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Bitcoin price started a fresh decline below the $65,000 level. BTC is now testing the $62,850 support zone and might start another increase. Bitcoin is correcting below the $65,500 zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line with resistance at $63,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $62,500 support zone. Bitcoin Price Revisits Support Bitcoin price started a fresh decline…

Bitcoin Price Back on Track: Can It Maintain Traction?

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Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $64,750 resistance. BTC is now consolidating near $65,000 and might remain supported. Bitcoin is consolidating gains near the $65,000 zone. The price is trading above $64,200 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $65,250 resistance zone. Bitcoin Price…

Bitcoin rallied on Thursday, but recent history says this pop will fade as well

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Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be one to fade. On the fundamental side, investors have had lots of seemingly positive developments to hang their hopes on. But looking at the bitcoin chart, it’s been six months since the flagship cryptocurrency hit its record above $73,000 It’s in a listless pattern, drifting to lower and lower highs. Bitcoin has had a lot going for it in that time — stocks have been climbing to new highs, both U.S. presidential candidates have…

Bitcoin Price at Risk of Further Downside: Will Bears Tighten Grip?

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Este artículo también está disponible en español. Bitcoin price started another decline from the $60,650 resistance. BTC is now at risk of more downsides below the $57,500 support zone. Bitcoin is correcting gains and gaining bearish pace below the $59,000 level. The price is trading below $58,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $57,500 support…

Bitcoin may soon hit six figures regardless of election, investors say

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Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede. “Do I think we’ll be in the six figures by 2025? Almost certainly. Do I think we’ll be in the six figures regardless of who wins? Almost certainly,” said Steven Lubka, head of private clients and…

Bitcoin could top $80,000 if Trump wins election, Bernstein says

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As November’s Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, according to Bernstein. The flagship cryptocurrency has been stuck between $55,000 and $70,000 for most of the year — after reaching its all-time high in March — and is likely to remain in limbo until the U.S. determines its next president on Nov. 5. The outcome of the presidential election – whether former President Donald Trump or Vice President Kamala Harris were to win – could result in a sizable impact on bitcoin…