Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally

Bitcoin (BTC) futures open interest is mimicking the start of the BTC price bull run, data shows. As BTC/USD hovered near $40,000 on Thursda, a fresh bullish report from Stack Funds called for “cautious optimism” about further price rises. Bitcoin has sought to flip $40,000 to support this week, returning to the level multiple times and refusing to leave recent gains as a blow-off top. According to its latest weekly market appraisal, however, Stack Funds believes that it is derivatives that are giving stronger hints about potential bullish price continuation.…

Michael Saylor Changes His Mind on Ethereum! Bitcoin & Ethereum set to EXPLODE in 2021! Crypto News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor (CEO MicroStrategy) has changed his mind on ethereum! Does this mean that he will add ETH to Microstrategy’s balance sheet? WATCH THE WHOLE VIDEO! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (WATCH WHOLE VIDEO) 0:20 – Video Clip: Bitcoin only! There is no second best 1:33 – Video Clip: Michael Saylor Changes Mind On Ethereum 2:56 – Is Michael Saylor a…

Prepare For The Worst (PRICE CRASH)!? Bitcoin & Cryptocurrency Investor WARNING! 2021 Market Outlook

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What if this is MORE than just a dip? 2021 Crypto Market Outlook! WATCH WHOLE VIDEO! 👈👈👈 Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Video Clip 1: What if this is NOT a dip? – Michael Saylor Explains 1:26 – Introduction (WATCH WHOLE VIDEO) 2:38 – Video Clip 2: Aren’t you scared that the price dropped though? – Michael Saylor Explains 4:00 – Bitcoin…

Bitcoin Resumes Rally, Why BTC Could Accelerate Above $40K

Bitcoin price found support near $36,400 and it started a fresh increase against the US Dollar. BTC is showing positive signs and it could rally further above $40,000. Bitcoin remained well bid above the $36,400 and $36,500 support levels. The price is now trading well above $37,000 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $36,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to gain bullish momentum above the $40,000 resistance…

Ethereum Trims Gains, Why ETH Could Restart Its Rally

Ethereum failed to stay above $2,400 and started a major correction against the US Dollar. ETH price is now approaching the key $2,100 and $2,080 support levels Ethereum failed to gain pace above $2,400 and it started a downside correction. The price is now trading below $2,200 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $2,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the…

Ethereum eyes rally to $3K, with 39% ETH price rebound triggering a classic bullish pattern

The price of Ether (ETH) jumped to a three-week high on Monday, triggered by similar gains in the Bitcoin (BTC) market that appeared in the wake of rumors about Amazon’s foray into the cryptocurrency sector. A job posting from the retail giant showed that it is seeking an executive to build its “digital currency and blockchain strategy.” Meanwhile, global media reports have been speculating, based on inside sources that Amazon would start accepting Bitcoin as payments. As a result, the BTC/USD exchange rate surged to its six-week high after the…

Bitcoin Surges To $40K, Why BTC Could Rally Further

Bitcoin price started a strong upward move above the $35,000 resistance against the US Dollar. BTC is showing positive signs and it could rally further above $40,000. Bitcoin started a strong increase above the $33,000 and $35,000 resistance levels. The price is now trading well above $35,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $35,500 with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains, but the bulls…

3 reasons why Bitcoin price has not been able to rally back above $40K

The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin’s price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist for a little bit longer due to the strengthening dollar, the possibility of decreasing economic stimulus and a slew of technical factors connected to Bitcoin’s price action. A strong dollar threatens Bitcoin’s recovery According to…

3 altcoins whose tweet volume spiked before a strong rally

On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum. This is exactly what happened with some of the coins that saw a greater increase in average daily tweet volume this month, compared with the last. KuCoin Shares (KCS), which went up from $7.40 on July 4 to $14.20 on July 14, generated a…

HUGE NEWS! CRYPTOCURRENCY SET TO EXPLODE!! CARDANO, BITCOIN, ETHEREUM INVESTORS BE READY!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! More info visit: 👇 Follow us on Twitter: Timestamps: 0:00 – Introduction (WATCH WHOLE VIDEO) 1:00 – Crypto is EXPLODING with big news! 2:03 – LARGEST CRYPTO FUND EVER CREATED! (2.2 BILLION)! 4:26 – Citigroup launches a DIGITAL ASSET UNITY within its WEALTH MANAGEMENT DIVISION 5:27 – Tesla, Facebook, Google, Stocks Launch on the Solana Blockchain 5:52 – FTX Becomes Official Cryptocurrency Exchange Brand…