Is Dogecoin Really a Valid Currency? Elon Musk Asks Bitcoin Twitter

Elon Musk has trolled the Bitcoin and wider crypto community once again: The Tesla and SpaceX chief executive just mentioned Dogecoin (DOGE) for the second day in a row on July 18th.  Elon Musk Mentions Dogecoin… Again Minutes ago as of this article’s writing, Musk sent out the tweet seen below. Attaching a picture of himself in a pensive mood, …

This Technical Pattern Suggests Bitcoin Will Plunge Over 30% in Coming Weeks

Bitcoin appears to be in a somewhat precarious position, as a few technical factors are currently suggesting that it may soon see some notable near-term downside. One such technical factor suggesting that the crypto is poised to see notable near-term downside can be seen while looking towards a fractal pattern it has been developing over the past few weeks. This …

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 …