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The Bitcoin price has been testing the $11,400 support area since August 26th. In the near term, two key on-chain metrics could raise the probability of an extended consolidation phase. The last time Bitcoin repeatedly tested the $11,400 support level was August 12th. At the time, Bitcoin rebounded
According to data from stock-to-flow (S2F) creator PlanB, Bitcoin recorded a 100% gain or more in five of the past ten years. Bitcoin’s strong long-term performance strengthens the DCA (Dollar Cost Averaging) approach that has enjoyed increased popularity amongst bitcoiners in recent months . Cost Averaging is More Effective With
The U.S. Federal Reserve chair Jerome Powell gave the much anticipated Jackson Hole speech on August 27th. As strategists expected, Powell addressed inflation and the Fed’s intent to adjust its monetary policy. Theoretically, the speech should have buoyed the sentiment around Bitcoin and gold. The Fed said it
News - Economy - Aug 28, 2020The U.S. Federal Reserve chair Jerome Powell gave the much anticipated Jackson Hole speech on August 27th. As strategists expected, Powell addressed inflation and the Fed’s intent to adjust its monetary policy. Theoretically, the speech should have buoyed the sentiment around Bitcoin and gold. The Fed said it
News - Economy - Aug 28, 2020The Bitcoin price has been testing the $11,400 support area since August 26th. In the near term, two key on-chain metrics could raise the probability of an extended consolidation phase. The last time Bitcoin repeatedly tested the $11,400 support level was August 12th. At the time, Bitcoin rebounded
News - Bitcoin - Aug 28, 2020According to data from stock-to-flow (S2F) creator PlanB, Bitcoin recorded a 100% gain or more in five of the past ten years. Bitcoin’s strong long-term performance strengthens the DCA (Dollar Cost Averaging) approach that has enjoyed increased popularity amongst bitcoiners in recent months . Cost Averaging is More Effective With
News - Bitcoin - Aug 27, 2020On-chain data from the market analysis firm Glassnode shows the level of Bitcoin “HODLing” activity has spiked to levels unseen for more than three years. The number of circulating bitcoin that has not moved for over two years reached 8 million, which suggests more users are holding bitcoin with a
News - Bitcoin - Aug 26, 2020Bitcoin has been trading above $10,000 USD for around six weeks, demonstrating firm momentum and resilience. It has established the previous $10,500 USD peak achieved in February 2020 as a support level, maintaining an upward trend. The current market structure is more favorable than previous price cycles because
News - Bitcoin - Aug 26, 2020Following the World Health Organization’s (WHO) declaration of a pandemic in March, central banks have continued to maintain near-zero interest rates. Analysts argue the rate cuts have not been “natural,” and over the long-term, some investors say it could positively affect Bitcoin. In a column published by the Financial
News - Bitcoin - Aug 25, 2020The majority of traders on top Bitcoin futures exchanges appear to be leaning cautious on Bitcoin’s short-term price trend. Long and short contract ratios across Bitcoin futures exchanges. Source: Bybt Data released by cryptocurrency futures trading and information platform Bybt shows more than 50% of traders are shorting Bitcoin.
News - Bitcoin - Aug 25, 2020The newly released minutes from the Federal Open Market Committee’s July 28 and 29th meeting has sent shockwaves through the global financial markets, not stopping at Bitcoin’s price action. The overall tone of the meeting was grim, with committee members expressing concerns over how the ongoing pandemic may
News - Bitcoin - Aug 21, 2020