Tag: Analysis

‘Too early’ to say Bitcoin price has reclaimed key bear market support โ€” Analysis

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Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support had been preserved. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for “relief” from FOMC meeting Data from Cointelegraph Markets Pro and TradingViewย followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day. The pair had seen a strong bounce after nearing $20,800, with traditional markets likewise recovering after panic set in over United States inflation. Eyeing where Bitcoin could go next, on-chain…

$30K BTC price has โ€˜severe impactโ€™ on Bitcoin miner profits โ€” analysis

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Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that minersโ€™ production price โ€” how much it costs to mine a single Bitcoin โ€” could be right where the current spot…

$30K BTC price has ‘severe impact’ on Bitcoin miner profits โ€” analysis

Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that minersโ€™ production price โ€” how much it costs to mine a single bitcoin โ€” could be right where current spot price…

Analysis: Here is What the New Crypto Bill Mean for the Blockchain Ecosystem?

Proponents of the cryptocurrency industry have been requesting a comprehensive crypto bill for some time. Thanks to the bipartisan efforts of Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), there are proposals on the ground for lawmakers to ponder. The new Crypto Bill is coming at a time when the growth of the cryptocurrency ecosystem is becoming more convoluted, with investorsโ€™ protection concerns emanating from various scams and frauds targeting the average investor. The Bill seeks to address so many of the grey areas in the digital currency ecosystem, including…

HOW LOW CAN IT GO? โ€“ BITCOIN BTC COIN PRICE PREDICTION โ€“ TECHNICAL ANALYSIS FOR JANUARY 2022

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io CryptoCache Premiumโ„ข Trading Community / Signal Group What is CryptoCache Premiumโ„ข? =========================================== Join the Community: Telegram: Discord: Social Media: Twitter: Instagram: @CryptoCacheTech =========================================== TradingView $30 Referral Link: Crypto.com $25 Referral Link: Voyager $25 BTC Referral Link: Referral Code: JAS3BE Binance Referral Link: Bittrex Referral Link: Referral Code: VYH-CDK-J5I KuCoin Referral Link: Referral Code: rJ8GB5C Coinstats Referral Link: coinstats.app/pricing?promo=cryptocache I am not a financial advisor and my opinions reflect mine only and no other entities. The ideas presented in this video are for…

Chainalysis exec touts blockchain analysis to Senate homeland security committee

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, โ€œRising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrencyโ€ on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.ย  Committee chair Gary Peters of Michigan, who introduced the Strengthening American Cybersecurity Act in February, said the government lacks sufficient data even to understand the…

URGENT!!! WORST COLLAPSE IN CRYPTO HISTORY EXPLAINED

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io โœ… Follow EllioTrades on Twitter: โœ… Sign Up for the Free Daily Newsletter: Howโ€™s it going E.T Fam? Hopefully, everyoneโ€™s week has gone well despite the current conditions of the crypto market. I know that the week is almost over, but our weekly dose of crypto drama is just starting. As the famous saying goes, when it rains, it poursโ€ฆ.and eventually the pouring rain becomes a flood. I think itโ€™s safe to say that weโ€™re approaching flood levels. For those of you…

ETHEREUM IS SHIFTING (watch this signal)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ETHEREUM IS SHIFTING (watch this signal)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Targets and my Ethereum Strategy (Ethereum Technical Analysis Today)! Is Ethereum the best crypto to buy now? Comment below! And leave a LIKE and SUBSCRIBE for more videos like this! ๐ŸšจNEW: Crypto Technical Analysis Course ๐Ÿ‘‰ ๐Ÿ‘ˆ โ–บ I trade on Bybit ๐Ÿ‘‰ ๐Ÿ‘ˆ (NEW $4,620 BONUS)* ๐Ÿ”ฅ Register with my link for…

Small Bitcoin whales may be keeping BTC price from ‘capitulation’ โ€” analysis

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Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests. In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior. Small whale selling should spark “absolute capitulation” Amid widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of $23,800, some of Bitcoin’s largest holders are showing signs of impatience. Looking at unspent transaction outputs (UTXOs) from various “bands” of whale wallets, CryptoQuant contributor Binh…

Scott Minerd says Bitcoin price will drop to $8K, but technical analysis says otherwise

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Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheimย chief investment fficer Scott Minerd. This is not the first time he has made a bearish call, and he has, in the past, made bullish calls as well. However, Minerdโ€™s more recent calls have occurred just before major reversals. Scott Minerd BTC price calls:– $600k at $60k โ†’ went to $30k.– $10k at $30k โ†’ price to $65k.– $8k at $30k (again) โ†’ TBD. pic.twitter.com/NWjrRdegFM โ€” mhonkasalo (@mhonkasalo) May 23, 2022 It…