Tag: Bullish

Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

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Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.” Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets. Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.…

Cardano (ADA) Death Cross Spells Worries Despite Bullish “Mary” Fork

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Cardano (ADA/USD) bounces off a critical support trendline during the Asia-Pacific trading session Friday. The blockchain asset expects to close above key moving average waves on the prospect of turning into a multi-asset chain following its hard fork on March 1. Nonetheless, a death cross formation offsets the probability of more price legs higher. Levels to watch A sell-off in the Cardano market Thursday brought its benchmark instrument ADA/USD down by more than 11 percent. The pair touched a week-to-date low of $1.02, about 31 percent lower than its record…

Experts divided on BTC predictions: Bullish or super bullish?

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Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices. On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000. McGlone’s logic revolves around the growing discount for shares in the Grayscale Bitcoin Trust which is at the same level…

Experts divided on BTC predictions: Bullish or super bullish?

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Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices. On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000. McGlone’s logic revolves around the growing discount for shares in the Grayscale Bitcoin Trust which is at the same level…

Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs

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On March 1 cryptocurrency investors woke up to the sight of Bitcoin (BTC) rising from it weekend correction to $44,000 as the market found its bullish momentum and altcoins rebounded from their swing lows. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin increased 16.6% from its low of $43,504 on Feb. 28 to the $50,000 level which bulls are attempting to flip back to support. BTC/USDT 4-hour chart. Source: TradingView Earlier in the day, MicroStrategy CEO Michael Saylor tweeted that the firm had purchased another $15 million worth of…

Bullish Bitcoin Miners Cease Selling For The First Time Since 2020

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Data shows that Bitcoin miners have ceased taking profit and have started to once again hoard BTC for the first time since mid-to-late December 2020. What’s notable about this, is the fact that the leading cryptocurrency by market cap appreciated in price by more than double during the sustained selling. If that’s the case, what happens now with miners once again withholding any BTC from entering the already limited supply available to buyers? Bitcoin Miners Go Back To Holding After Selling Since December Bitcoin isn’t just an asset, its a…

This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

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Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in a way that is not terribly risky.  Options strategies provide excellent opportunities for traders who have a fixed-range target for an asset. For example, using leveraged futures contracts might be a solution for a scenario where one expects a price…

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

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Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months, and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap’s UNI and AAVE.  The fast-moving prices and 1,000% annual percentage yield on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin’s (BTC) price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to…

WHEN WILL DOGE COIN MOVE HIGHER!? | CRYPTO PRICE PREDICTION | TECHNICAL ANALYSIS$ DOGEUSD

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “SORRY FOR THE LOW VOLUME AND THE INTERMITTENT CLICKING NOISE” DOGE PRICE TODAY: IN THIS VIDEO I WILL EXPLAIN HOW TO MONITOR CRITICAL LEVELS IN THE CHART OF DOGEUSD. LEVELS IT MUST HOLD AND BREAK THROUGH IN ORDER TO CHANGE THE CURRENT/PREVIOUS TREND. DOGEUSD IS IN A UNIQUE POSITION TO EVENTUALLY CONTINUE THE TREND “IF” IT’S DESTINE TO REACH HIGHER LEVELS IN THE UPCOMING DAYS/WEEKS/MONTHS AHEAD. BUT PLEASE ADVISED THIS INSTRUMENT IS PERFECTLY CONFINED WITHIN THE CURRENT MACRO TREND. WE MUST WAIT…

ALERT!!🚨BITCOIN BREAKING $50K!!! HUGELY BULLISH ALTCOIN GEMS!!! CRYPTO NEWS & PRICE ANALYSIS!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🚨ALERT!!! BITCOIN IS GOING TO BREAK $50,000* !!!! BITCOIN HOLDERS MUST SEE THIS!! WARNING ETHEREUM BREAKOUT!!! THESE NEW ALTCOIN GEMS WILL 10X VERY SOON!!!!! ETHEREUM IS GOING TO $2K!!!!!!!!! ALTCOIN SEASON IS STARTING!! SMALL ALTCOINS WITH 10x POTENTIAL!!! HUGE BITCOIN BUY SIGNAL FLASHING!! 🚨MY BITCOIN PRICE PREDICTION!! Today we also analyse glassnode bitcoin data!! My Ethereum Trade and ofcourse the altcoins that i accumulated. Altcoins are booming at the moment, Chainlink hit an all time high along with polkadot, it looks like…