Two striking admissions this week about Bitcoin’s short-term performance. Following chart specialist Peter Brandt, who suddenly indicated a fairly clear negative trend just before Bitcoin’s fall below $100,000 this week, Cathie Wood is now also bearish on Bitcoin. She offers a different explanation, however. According to her, Bitcoin will lose ground due to the rise […]
Bitcoin fell just below $100,000 and then closed above it again this week. The market panicked slightly due to the speed of the movement, and currently there are two opposing analytical views as to how this will continue. One camp believes we’re looking at the setup of a bull trap, the other believes this is […]
After a flurry of warnings, shorts taken by Whales who invested since Bitcoin’s inception, and even a negative review by Peter Brandt, the largest digital currency fell below $105,000 yesterday for the first time in a month. Analysts fear a drop to $92,000 is possible in the coming weeks, marking the end of the bull […]
While tech stocks rallied on Monday, Bitcoin struggled again. Will we see a crash in November after a poor “uptober” (the first since 2018)? Warnings of an AI and crypto bubble are also growing louder. Uptober Historically, October is arguably the strongest month for Bitcoin, hence the well-known nickname “Uptober.” Historical data shows that there […]
The 61,000 Bitcoins which British police seized from a gang of Chinese crypto criminals are now worth approximately $6.7 billion. That fortune is, of course, coveted by authorities in both China and the UK. Tianjin As we reported last month, a case is underway in London’s Southwark District Court against Ms. Zhimin Qian, a Chinese […]
Thanks to stablecoins (such as Tether and USDT), a real use case has been found for crypto: as a means of trading remittances, or money transfers by migrants. Expats from poorer Eastern Europe, for example, working in wealthier Western Europe, often used to send money back to their families using the services of international currency […]
If even legendary investor and chartist Peter Brandt sees a sell signal in the Bitcoin chart, it might be time to reconsider our positions. According to Brandt, we can recognize a “megaphone,” which, according to classic candlestick models, indicates a pending decline in the short-term. Do others besides me find it a bit awkward intellectually/emotionally […]
Federal Reserve Chairman Jay Powell had good news and bad news for the markets. Although he did promise to lower the interest rates by 25 basis points (as anticipated), he was still unsure whether this would also be the case in December. As a result, Bitcoin fell back below $110,000 just as institutional investors reshuffled […]
A new phenomenon that took off over the course of the summer is starting to worry many crypto traders. Bitcoins from the so-called Satoshi era are being moved and sold with ever increasing frequency. Do long-term investors expect a crash any time soon? Legend has it that the first 1.1 million Bitcoins, which were mined […]
Analysts at Standard Chartered, the British investment bank, have been saying for a whole year that Bitcoin can only go up. Now that the jump to a new record is taking its sweet time, they’ve come up with a new prediction: they now believe Bitcoin will never fall below $100,000 again. It seems risky, but […]
