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Bitcoin News

Bitcoin News Feed

Bitcoin pulls back inside of a flag to key level

Bitcoin has rallied more than 32% since it bounced from the $32,000 level on Monday all trading inside of a very structured move. We have pulled back to the previous broken level inside of a bullish flag printing massive hidden bullish divergence on the way. Should this flag breakout we could see BTC rally to […]

1 h

Bitcoin Scarcity: eToro Warns Users Over Impending Disruptions In Cryptocurrency Trading

eToro, on the largest trading platform, recently notified its users that there could be disruptions in their cryptocurrency trading services due to extreme demand. The exchange went on to explain that it was experiencing “unprecedented conditions on crypto markets,” as Bitcoin (BTC) prices and the cryptocurrency market cap are close to their highest levels in […]

17 hs

Bitcoin Needs More Institutional Investment: Goldman Sachs Exec

Despite the bolstering institutional investor base Bitcoin (BTC) has gathered, Wall Street expert, Jeff Curie, noted that the market is still in significant need of institutional investment presence to prop up its stability. The Head of Commodities Research at Goldman Sachs made his opinion known in a recent interview with CNBC. Before now, many companies […]

1 d

JPMorgan Warns That a BTC ETF Approval Could Negatively Affect Bitcoin’s Price

Strategists at JPMorgan Chase & Co have alerted that the approval of a Bitcoin exchange-traded fund (ETF) in the US could have dire consequences on Bitcoin’s (BTC) short-term price action. The proposed reason for the price drop is that an approved ETF could become a major competition for institutional investment for the world’s largest traded […]

2 ds

Four Possible Factors Behind Bitcoin’s Recent $11,200 Crash

Today has been a very volatile day for Bitcoin (BTC), albeit in favor of bears. The benchmark cryptocurrency tumbled by more than $11k, or 26%, to record a daily low at $30,250. BTC’s bearish nightmare began after it hit $42k for the first time. However, some analysts have highlighted four possible factors behind the recent […]

3 ds

Bitcoin to Witness Liquidity Crisis Following Recent Widespread Adoption

According to CryptoQuant, the number of Bitcoins (BTC) left on cryptocurrency exchanges has been depleting continuously for about a year. The on-chain analytics firm noted that BTC held in exchange wallets reached an all-time high around three million during the liquidity crisis in March 2020, which saw Bitcoin fall below $4,000. As the cryptocurrency began […]

4 ds

Bitcoin Price Analysis — January 8

Bitcoin (BTC) is set to close its first weekly candle for the new year on a very bullish note, as the benchmark cryptocurrency records a fresh all-time high on Friday. BTC hit the $42k price tag for the first time in history before retreating lower over the ensuing hours. This rally came about shortly after […]

6 ds

Bitcoin to Hit $50,000 Soon: Bloomberg Analyst

Mike McGlone, the Senior Commodity strategist at Bloomberg, asserted that Bitcoin (BTC) is a better investment than gold in January 2021. McGlone is one of the few mainstream analysts who are believers in Bitcoin. The analyst was bullish on BTC even during its bear market in 2018. In November 2020, McGlone correctly predicted that BTC […]

1 w

Analyst Asserts That Bitcoin Is Still in the Early Phase of Its Parabolic Run

Bitcoin (BTC) continues to create massive boosts for the entire cryptocurrency industry over the past few weeks and is showing no signs of a slowdown. At press time, the benchmark cryptocurrency is trading above the $35k level after a 7% rally earlier today. This is a massive rally considering that it’s a rebound from a […]

1 w

JPMorgan Analysts Predict a 4.4x Growth for Bitcoin

Strategists at one of America’s biggest banks, JPMorgan Chase & Co, are comparing Bitcoin (BTC) to the traditional store of value assets, like gold. The analysts, led by Nikolaos Panigirtzoglou, are asserting that the benchmark cryptocurrency—which is currently at $33k—could rise by about 4.4 times in the long-term to hold a price of $146,000. According […]

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Author : Michael Fasogbon

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Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.