October 2022 / 90 posts found
Learn Why a Well-Known Analyst, il Capo of Crypto, is Bullish on Bitcoin’s (BTC) Price!
The markets have improved to some extent as the price of Bitcoin (BTC) has surpassed $19,500. For nearly a week, the price traded in a narrow range between $19,000 and $19,500, occasionally testing lower support below $19K. Although the overall outlook for the asset remains bearish, a significant upswing may be expected in the short term. Given that, is now a good time to buy Bitcoin? Find out what Capo, a well-known analyst, thinks! In a series of threads, Capo explains why Bitcoin won’t drop another 50% after reaching lower highs, as it did in 2018. There are a lot […]
Whales Go Long On Bitcoin, Crypto Market Predicted To Surge 2x Next Year
Cryptocurrency Bitcoin started attracting buyers after it began to float around the $18,000 price level. BTC quickly climbed the chart two weeks later. However, the coin’s technical outlook suggested that the bears hadn’t given up just yet. BTC may surpass the $20,000 price level if the bulls are able to maintain their momentum during the coming trading sessions. Once the bulls break over the $20,000 barrier, the possibility of a rally toward the $22,000 price level cannot be ruled out. At the time of writing, BTC was trading at $19,120 and was down by more than one percent in the […]
Bitcoin And Ethereum Are Gearing Up For A Bullish Rally! Analyst Predicts The Next Price Levels
Amid the crypto winter that got negatively impacted by several macroeconomic factors, like the recently published CPI data, some prominent crypto analysts believe that the crypto market is all set to initiate a small bullish rally in the upcoming weeks. Justin Bennett, a well-experienced cryptocurrency trader and analyst, predicts that two leading cryptocurrencies: Bitcoin and Ethereum, are waiting to kick off a bullish rally by the end of this month. Bitcoin Will Leave Bears In Disbelief! It seems that bulls will be back in the game soon as a prominent crypto analyst, Justin Bennett, now assures investors that bitcoin is […]
Bitcoin’s Next Bull Run Will Start in 2023 According to Bitwise CEO
Cryptocurrency Hunter Horsley – CEO of the technology solutions provider Bitwise – believes bear markets are a great period when investors could increase their exposure to bitcoin. He estimated that the next bull run will begin next year, outlining that his firm’s clients have already increased their interest in the asset. Cryptocurrency Fortunes Are Made in the Bear Market In an interview for Bloomberg, Horsley outlined the historical pattern of bitcoin’s price movement. During its existence, the primary cryptocurrency has passed periodically through four-year cycles, while bull runs with growing momentum have always followed bear markets. Relying on that data, […]
CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures
CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory review. Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. The new contracts are cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day measures of the EUR-denominated price of BTC and ETH. “Euro-denominated cryptocurrencies are the second highest traded fiat […]
Bitcoin’s Rollercoaster Towards $20K, Inflation Numbers, and Google’s Foray into Crypto: This Week’s Recap
Cryptocurrency The past week saw the total cryptocurrency market lost about $30 billion in the past seven days, where most of the action took place yesterday. This was somewhat expected, given the US Bureau of Labor Statistics published the CPI numbers then. Let’s dive in. Bitcoin spent the majority of the week slowly bleeding out. The cryptocurrency was showing absolutely no signs of strength, which resulted in a painful chop and a decline below $19,000 on a couple of occasions. All this changed on Thursday. The US Bureau of Labor Statistics published the numbers for September’s Consumer Price Index yesterday. […]