These 4 Signs Suggest Bitcoin Is on the Verge of a Massive Move Higher

Bitcoin has continued to flatline for the umpteenth week in a row. As of this article’s writing, the leading cryptocurrency trades just a few basis points below $9,200. Despite the unpredictability of this market, a cryptocurrency trader remains certain that a move higher is likely. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH …

Analyst: Bitcoin to See One Final Downtrend Before Bull Run Begins

Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000. Throughout the past few weeks, this trading range has narrowed to between $9,000 and $9,300, with both buyers and sellers sitting deadlocked as …

Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend

While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range. Major Crypto …

Crucial On-Chain Metric Signals a Bitcoin Bull Run May Be Drawing Near

As the price of Bitcoin has risen and more individuals have entered the space, an increasing number of BTC has been held in exchange addresses. This trend is likely a byproduct of the arrival of less-technically inclined investors, coupled with the rise of altcoins. Fortunately for bulls, data shows that the aggregate amount of Bitcoin on exchanges has begun to …

“Have Your Popcorn Ready”: Bitcoin Volatility Is At Extreme Lows

Shunning Bitcoin’s lack of trend, altcoins have seen extreme volatility over recent weeks. Take the example of Chainlink (LINK), a community-favorite altcoin that is up by around 450% since the March lows. Although it has just recently set a new all-time high, the asset has seen multiple days where it swings back and forth between resistance and support levels. Crucial …

‘Big Tech’ Pullback Explains Why Bitcoin Rally Has Paused in Q3

Bitcoin rally has paused ahead of the “Big Tech” earnings report next week. Despite logging a massive growth in the second quarter, a veteran analyst sees Apple, Amazon, Alphabet, Microsoft, Facebook, and Netflix at overbought valuations. He expects a minor stock pullback in the Big Tech shares, which makes 18 percent of the US stock market. Meanwhile, Bitcoin’s correlation with …

Institutions are Pouring $57.8M into Bitcoin Each Week, New Report Reveals

Bitcoin’s price has been stagnant for the past few months, but this hasn’t stopped institutions from pouring money into the benchmark digital asset. According to a new report from Grayscale, the company has been seeing massive institutional inflows into its BTC Trust, averaging at $43.8 million per week throughout the first half of 2020. Surprisingly, most of these inflows came …

Asked About Bitcoin, Elon Musk Just Joked He “Only Sells Dogecoin”

It’s been a crazy past few days on Twitter for the Bitcoin and crypto industry. The accounts of Elon Musk, Joe Biden, Kanye West, and other prominent celebrities and names/entites in the cryptocurrency space were hacked to promote a scam involving Bitcoin. For those that don’t remember, the hackers posted tweets from these high-level accounts promising to ‘double’ the deposits …

Bitcoin Could Soon Fall to the $7,000s as Price Loses Pivotal Support

Despite volatility in global stock markets, Bitcoin has remained relatively stagnant over recent days. Case in point: FTX’s BVOL token, which tracks volatility, is reaching all-time lows. Further corroborating this, the Bitcoin Bollinger Bands are at lows not seen since November 2018, just days before the 50% crash to the $3,000s. Yet technicals show that the asset may be primed …