Bitcoin Price in Consolidation Phase After Sudden Drop to Key Support Levels
Last week we analyzed Bitcoin’s price drop from $10,000 to $8,000[a], which was a result of various factors, including Bakkt’s lukewarm launch, FUD surrounding Bitcoin network’s hashrate and a technical breakdown which precipitated over $800M worth of long...
Reasons Why Bitcoin Price Dropped; Will it Stay Down?
After appreciating for the first half of 2019, Bitcoin price had entered a narrow, consolidation channel in August (displayed in the chart below), and volatility dropped even further this month, leading up to the point where the price had to either break..
Global Interest in Bitcoin at 12-month Peak; Price and Interest Correlation Evident
Bitcoin has had an eventful year so far, rising from lows around $3,500 at the start of 2019 to a recent high of $13,796. This stellar performance comes at the heels of a lackluster 2018, termed as the crypto winter, which saw fortunes dwindle and retail investors...
Bitcoin Market Cycle Suggests Another Parabolic Move Likely in the Near Future
The market cycle is a naturally occurring phenomenon, attributable to human psychology, and has repeated itself time and time again, though with some variations, in the lives of nearly all market traded instruments. In his book The Intelligent Investor, Benjamin...