Missed the Bitcoin Rally? Here’s an Investment Strategy to Ride the Bull Market While Reducing Your Risk

Bitcoin has come a long way since bottoming out below $4,000 in March. The cryptocurrency clocked a record high above $19,900 early Tuesday and is up nearly 170% this year. While institutional participation has increased, a large part of the retail crowd may have stayed away from the market. For that group, the fear of missing out (FOMO) on the opportunity to make triple-digit gains may have set in over the past few weeks. Yet, investing now while the cryptocurrency is trading near lifetime highs may seem risky because there…

Bitcoin Price Rally to Over $19,800 Likely Because of “Smart Money”

Preceding the Bitcoin price pump to over $19,800 was an influx of new capital and investors, data from GlassNode reveals. The Bitcoin Price Pump The Bitcoin price has since contracted to around $19,400 at the time of writing but price action favors bulls.  After last week’s decline–that saw prices slide to $16,555 before reversing to spot rates, the entry of new investors is bullish for Bitcoin price and the crypto scene. Focus on On-Chain Activities Differentiating the current Bitcoin rally from previous pumps are bullish on-chain activities and the influx of smart money.…

Bitcoin’s All-Time High Price Rally Is Sustainable

While some near-term pricing correction is likely to be expected, analysts who spoke to CryptoX said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high. One difference from the last bull run? The current market has gained support from a new wave of institutional investors mainly based in North America. “You could look at the timing of the rally, which coincided with typical U.S. market open hours,” said John Todaro, director of institutional research at cryptocurrency…

Bitcoin Inching Higher, Why BTC Could Rally To New ATH Above $20K

Bitcoin price is up over 5% and it is trading above the $19,500 level against the US Dollar. BTC bulls seem to be aiming a new all-time high above the $20,000 resistance. Bitcoin is rising steadily and it broke a major hurdle at $19,500. The price traded as high as $19,860 and it is now well above the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $19,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start…

Why This Trader is Optimistic That Ethereum Will Spark a Massive Altcoin Rally

Altcoins have been closely tracking Bitcoin and Ethereum’s price action as of late, which is a positive sign showing just how far the markets have come over the past few weeks. While in the past, Bitcoin rallies occurred independently from the rest of the market, with altcoins trailing it or rallying during consolidation phases, the entire market is now moving in tandem. This trend has greatly favored altcoins, with many posting massive gains throughout the past few days and weeks as BTC navigates towards $20,000. One trader is now offering…

Bitcoin’s All-Time High Price Rally Is Sustainable. Analysts Explain Why

While some near-term pricing correction is likely to be expected, analysts who spoke to CoinDesk said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high. One difference from the last bull run? The current market has gained support from a new wave of institutional investors mainly based in North America. “You could look at the timing of the rally, which coincided with typical U.S. market open hours,” said John Todaro, director of institutional research at cryptocurrency…

Bitcoin Mining Difficulty Nears All-Time High in Recent Rally

The Bitcoin mining difficulty after reaching its all-time high in October 2020 took drastic steps backward between October 17 and November 2 from 146.5EH/s to 106.6 EH/s. Bitcoin mining difficulty has just as expected neared its all-time high in response to the recent bull-run driving the price near its all-time high price. Mining difficulty is a concept that explains how time-consuming and difficult it is to successfully solve the complex mathematical puzzle that generates a mineable asset. At this point, finding the hash that perfectly fits each block becomes challenging. Just…

How Ethereum Could Stage Rally To $600 If It Clears $550

Ethereum started a fresh increase from the $480 support zone against the US Dollar. ETH price must surpass $550 to start a strong upward move towards $600. ETH price declined heavily from $620 and it even tested $480 against the US Dollar. The price is currently recovering above $500 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $550 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could rise sharply towards $580 and $600 if it clears…

Paul Tudor Jones Bitcoin fractal hints at possible explosive BTC rally

Based on the fractal, Bitcoin is in an early phase of a prolonged rally that could allow BTC to experience exponential growth in the longer term. Bitcoin versus gold price fractal. Source: Bloomberg Bitcoin may be on the same trajectory as gold There are two main reasons why Bitcoin could follow the macro trend gold saw from the 1970s. First, BTC has a fixed supply that cannot expand, which makes it an attractive hedge against inflation. Second, BTC has the same qualities of a safe-haven asset that gold has. In…

Bitcoin relief rally is underway — Can BTC price reclaim $18K?

Bitcoin (BTC) price dropped severely in the previous week, falling from $19,500 to $16,000. Corrections never occur smoothly as dropdowns are frequently sudden and painful. The recent correction isn’t much different as the drop occurred in a matter of hours.  Since then, Bitcoin’s price consolidated above $16,000, which marked a temporary bottom. The primary question is whether the correction is over or not. A determining factor will be whether or not BTC price can reclaim the crucial levels that will support further upward momentum. Bitcoin is in the middle of…