Whales have not stopped accumulating bitcoin. Current trend patterns suggest that bitcoin whales who hold between 100 to 1,000 BTC remain very bullish on the digital asset’s prospects. The slow month of September had seen the asset suffer dips and crashes which brought the price down to the $40K trading range. However, whales had used this as an opportunity to increase their holdings at a low price. Bitcoin wallets holding between 100 and 1,000 had continued to add to their balance and by the end of September, these wallets had…
Tag: Bullish
Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He’s ‘Very Bullish’
Billionaire Orlando Bravo recently revealed his stance on crypto. Talking to CNBC, Bravo revealed that he indeed held bitcoin and held a very bullish stance on the future of the digital asset. The billionaire appear at the Delivering Alpha conference where he openly expressed his love for crypto. Bravo highlight some of the best features of cryptocurrencies, exclaiming, “How could you not love crypto?” Bitcoin Is Here To Stay Although already quite valuable, the billionaire sees more growth in the future of the currency. Institutional investors are yet to completely…
Wolf of Wall Street Jordan Belfort Makes Bullish Bitcoin Comments, Predicts BTC to Reach $100,000
Jordan Belfort has turned from being a Bitcoin critic as he predicts that BTC will continue to pull in gains and cross the $100,000 milestone. Jordan Belfort, the self-proclaimed Wolf of Wall Street, has stated some bullish comments on Bitcoin and the stock market. Before now, the Wolf of Wall Street was a Bitcoin critic, always stating bearish statements on the king coin. In his speech, he said that Bitcoin is “free from the distortion of effectively printing more of your own corporate cryptocurrency.” Jordan Belfort Bullish that Bitcoin Would…
CME Bitcoin Market Is Trading in Bullish Ascending Triangle Pattern
Bitcoin has undergone a drop since peaking at $14,100 on Saturday. On Monday morning, the leading cryptocurrency fell as low as $13,200, marking a 6.5% drop from the highs. Bitcoin has since bounced to $13,700 as of this article’s writing. While the cryptocurrency remains below the $14,000 technical resistance, analysts remain optimistic about the digital asset. One crypto-asset analyst recently noted that the CME futures’ Bitcoin market is currently printing a bullish chart pattern. Should this pattern play out as it does in textbooks, the asset should move higher in…
Analysts Flip Bullish as Binance’s Bitcoin Funding Rate Flips Negative
Bitcoin has undergone a strong drop since the highs seen yesterday. The price of the leading cryptocurrency fell from its highs of $13,850 to lows around $12,900. This drop was seemingly a result of the drop in the U.S. stock market. The Dow Jones and the S&P 500 have dropped the largest they have in months, plunging 3% lower amid some uncertainty about fiscal stimulus and the upcoming election. Bitcoin’s price action has scared some investors, so much so that futures markets have begun to show short positioning. This may…
Two Strong Ethereum On-Chain Trends Suggest the Trend Is Bullish
Ethereum has undergone a strong rally over the past few days amid a Bitcoin push higher. In the past seven days, ETH has gained around 10%, pushing from the $370 region to $410 as of this article’s writing. ETH is expected to push higher as there are fundamental and on-chain trends that favor bull trends. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Key Ethereum On-Chain Trends Bullish Ethereum is expected to move higher in the days and weeks ahead as on-chain trends remain bullish. Santiment,…
Analyst on Why Ethereum’s Bullish Market Structure Is Intact After Strong Drop
Like most other crypto assets, Ethereum has slipped lower over the past four days. After peaking on Monday, all cryptocurrencies have retraced as Bitcoin has fallen lower seemingly due to a rise in the value of the U.S. dollar against foreign currencies. Ethereum has actually underperforming Bitcoin in this retracement, dropping around 11.5% from its year-to-date highs as opposed to just 7%. This seems to be the case with all altcoins, whereas capital flooded to BTC during the correction as investors sought safety. Despite some fearing this downtrend is set…
Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says
Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts. “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing. Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits…
Bitcoin’s Fundamentals Grow Bullish as the Crypto Nears Major Bull Territory
Last updated:February 19, 2020 Bitcoin’s intense 2020 uptrend has led the cryptocurrency to rally up towards $10,000, with the price region lying directly below this critical price level appearing to be a heavy resistance region. It is important to note that the resistance at this level, however, has not been enough to catalyze any type of sharp selloff, but it has been enough to slow the cryptocurrency’s momentum. In the near-term, it does appear to be highly likely that Bitcoin sees some further bullish continuation, as the crypto’s fundamentals are…