Joe DiPasquale, Author at Bitbull Capital

Bitcoin Back in Sync with Gold After More than a Month of Consolidation – New 2020 Highs on the Horizon?

by Joe DiPasquale | Jul 28, 2020 | Research

After a prolonged consolidation period spanning most of June and July, Bitcoin sprung into action and crossed the critical $10,000 level earlier on July 26, before a mild correction, followed by another surge that took it near $10,500, one of the key resistance levels...

After the Halving: Bitcoin Inching Towards a $10K Breach Despite Volatility

by Joe DiPasquale | Jun 10, 2020 | Research

Bitcoin, the largest digital currency by market cap, underwent its third block reward halving last month, on May 11, 2020, in what was a much-anticipated fundamental development. From lows of around $8,200 on halving day, Bitcoin rallied over 25% to touch $10,400 on...

Bitcoin Ends April up 35% Ahead of Supply Tightening

by Joe DiPasquale | May 6, 2020 | Research

Bitcoin’s proponents have long anticipated the upcoming block reward halving, an event that halves the rate at which new Bitcoins can be generated. This is an automated process to curb Bitcoin supply and lead to scarcity, as opposed to fiat currencies like the US...

Bitcoin Acts as Safe Haven Asset During US-Iran Tensions

by Joe DiPasquale | Jan 10, 2020 | Blog

Safe-haven assets like gold appreciate in response to global conflicts and tensions, but Bitcoin was not seriously considered such an asset until the latest US-Iran tensions highlighted an interesting price trend. On January 3, 2020, when a US drone strike killed a...

Bitcoin Price Awaits Market Catalyst; Long Term Prospects Remain Bullish

by Joe DiPasquale | Dec 17, 2019 | Research

Bitcoin has entered another tight consolidation pattern after falling from its late-October surge, at the back of Chinese-media hype. As we indicated earlier, the speculation fueled rise was not sustainable and resulted in the price dropping below the $9,000 and...

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