Bitcoin (BTC) continues on a strong upwards trajectory for the seventh consecutive week now, defying all odds and market norms. At this point, one could say that the cryptocurrency has reentered a “price discovery” mode again after three years. However, even if that isn’t the case, this prevailing bull rally has brought the benchmark cryptocurrency […]
After an epic surge that caused it to rally close to its all-time high yesterday, Bitcoin (BTC) is starting to show signs of a slow down. Although BTC appears to have entered a consolidation, there is still the likelihood that the cryptocurrency could see a fresh leg up. However, there is also the likelihood of […]
The past 24 hours have been nothing short of a roller coaster ride for Bitcoin (BTC). The benchmark cryptocurrency was trading at $16,600 yesterday before carrying out what many believed to be a significant rally to the $17,850 area. At that time, this price point became the new year-to-date high. As impressive as this move […]
Bitcoin (BTC) has marked the end of an era, as the benchmark cryptocurrency closes the door to its recent multi-year bear market and aims for a new all-time high. BTC is now on the brink of breaking the $18,000 psychological resistance, with bulls dramatically destroying every pre-existing key resistance level. The cryptocurrency has now been […]
Bitcoin (BTC) remains unrelenting in its quest to retake its all-time high. The benchmark cryptocurrency has recorded a new YTD high on the back of some positive news in the race to develop a COVID-19 vaccine. Earlier today, Moderna Therapeutics (NASDAQ: MRNA), one of the leading global pharmaceutical companies, reported that its Coronavirus vaccine candidate […]
It has been seven months since the government of the United States disbursed its first round of stimulus checks worth $1,200 to millions of citizens. That amount, if put into Bitcoin, would be worth about $3,000 today, unlike the dollar. Most of the stable economies opted for stimulus packages for its citizens as a means […]
Bitcoin (BTC) has recorded yet another YTD high around $16,500 before dropping to the $16,000 mark on Friday. Although the cryptocurrency has fallen close to 3% in the past 24 hours, investors are still very optimistic about the coming days and weeks. The recent drop to the $16,000 mark is presumed to be beneficial for […]
Bitcoin (BTC) bulls continued on their new ATH mission today and have sent the cryptocurrency to a new YTD high at $16,220. The cryptocurrency market rose to a high of $460 billion in today’s rally, as about $12 billion flowed into the market. Despite the heavy sell pressure around the $16,000 level, expectations for new […]
The creator of the popular stock-to-flow model, PlanB, has affirmed that Bitcoin (BTC) is going according to plan like “clockwork, “ following its third halving event. PlanB, an anonymous developer, has lauded the S2FX model and believes that BTC will be trading between $100,000 and $288,000 by the end of 2021. The stock-to-flow model and […]
