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Featured Press

Joe DiPasquale, CEO of Bitbull Capital, shares thoughts with Jill Malandrino on the recent market volatility — and how hedge funds profit from it — on NASDAQ trade talks.

Joe DiPasquale discusses factors that influenced the price drop in Bitcoin and crypto in general on Bloomberg.

The other side of the coin: As bitcoin plunges and regulators circle, some hear echoes of the dot-com collapse

HFM Week writes about the launch of our Crypto Fund of Funds

Recent Press

Bitcoin Flirts With $10,000 As Crypto Extends Gains

May 7, 2020

The $10,000 price provides major psychological resistance…

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Bitcoin price rally: What the experts are saying

April 30, 2020

In the long term, reward halving is a bullish development, especially as fiat currencies around the world are experiencing inflation, and Bitcoin’s supply reduction results in deflation…

Bitcoin Prices Surge As 'Perfect Storm' Drives Gains

April 30, 2020

We saw BTC’s price finding support at the 50-day moving average for the last three days, which gave it the confidence needed to breach the resistance at $7,300…

Bitcoin Stuck In Bearish Trend As The New Month Begins

April 1, 2020

The digital asset’s most recent losses were technical in nature as it attempted to consolidate above $6,000.

Bitcoin’s ‘safe-haven narrative can’t be judged on its 1-2 week movement’

March 17, 2020

Bitcoin is positioned well to be a safe-haven asset.

Bitcoin loses half of its value in two-day plunge

March 13, 2020

Bitcoin’s recent price action is primarily a result of the corona virus outbreak affecting global markets and driving investors towards the safety of cash. With this sharp decline, Bitcoin’s potential as a safe-haven asset is being questioned, but we believe it is too early to seek any correlations between Bitcoin and other asset classes.

Bitcoin Lost Roughly 50% Of Its Value In A Day

March 12, 2020

As Asia woke up to the market crash, it helped drive prices down further.

Bitcoin Plummets Nearly 30% In A Matter Of Hours

March 12, 2020

Bitcoin is currently trading in a very strong support zone between $5,600 and $6,200 and is likely to bounce back from here. The coming week will be crucial in establishing a floor for this recent drop. If Bitcoin closes below $5,500, then $5,000 would be tested very quickly. The upside, on the other hand, remains limited to $6,500 and $7,000 for now.

Coronavirus Fears Fueled Bitcoin Losses In February

March 12, 2020

While the digital asset had been performing well this year, a growing number of coronavirus cases helped push it into the red.

Is Bitcoin Really A Safe-Haven Asset?

March 09, 2020

Bitcoin is positioned very well to be a safe-haven asset. Crypto’s correlations are very dynamic as of now, shifting from equities to gold, depending on the prevalent situation. The recent crypto sell-off, in tandem with global equities, merely represents a general risk aversion going into a possible economic crunch, and does not necessarily invalidate Bitcoin’s safe-haven status.

Bitcoin Faces Strong Resistance After Recent Rally

March 05, 2020

Moving forward, Bitcoin will need to face the 50-day moving average, which is acting as a resistance level at $9,300. Only after breaching this resistance and then re-testing it for support can Bitcoin set the foundation to tackle $9,500, $9,800 and then $10,000.

As Fed Contemplates Coronavirus-Prompted Easing, Bitcoin Traders Bet on Halving

February 29, 2020

We see a lot of these global actions having some impact on bitcoin, but there’s also things that are happening in the bitcoin network, and that could have a larger impact than the Fed cutting interest rates. I’m still bullish for bitcoin for the year, and a major reason is the halving.

What's Next For Bitcoin After Its Recent Drop?

February 20, 2020

On the bright side, the $9,500 level is providing decent support for now, and the $9,000 price point is becoming a stronger foundation every day it is not breached. Moving forward, we can expect the price to fluctuate between $9,500 and $10,000, with a drop to $9,000 being the worst-case scenario.

XRP Reaches Latest 2020 High As Bullish Trend Continues

February 13, 2020

XRP has surged significantly since its lowest point in December last year. Most of these gains can be attributed to the overall market sentiment turning positive and Bitcoin steadily rising in price from under $6,500 on December 18 to over $10,000 today.

Bitcoin Spikes To Fresh 2020 High

February 11, 2020

This price action is technical in nature. Bitcoin price was testing support after crossing $10,000, and found it around $9,800, after which it once again attempted and successfully crossed $10,000 today.

Is The Bitcoin Market Becoming More Stable?

February 11, 2020

Over the years, the market has become more stable due to increased liquidity, varied global participation, regulatory developments and institutional involvement.

What's Next For Bitcoin After Its Drop Below $10,000?

February 10, 2020

By Joe DiPasquale – “The recent rally had also entered into the overbought zone, exhausting bulls and resulting in the current decline. We can expect some consolidation in the current range before technical indicators cool down and Bitcoin makes another move above $10,000”

Is Bitcoin Struggling To Reach $10,000?

February 8, 2020

By Joe DiPasquale – “Bitcoin is currently in a resistance zone. The price has been trading roughly between $9,500 and $9,800” he noted, adding that $9,800 is “a resistance level Bitcoin needs to conclusively cross.”

How sustainable is Bitcoin’s latest bull run?

February 8, 2020

[Video] “Sam Bankman-Fried and Joe DiPasquale discuss Bitcoin’s latest price movements, its potential to be a better store of value than the USD, and more.”

Bitcoin Prices Rise To Highest Since October

February 5, 2020

By Joe DiPasquale – “Bitcoin has surpassed $9,500 and is trading above $9,700. However, the resistance range still holds ($9,500 marked the start of the zone and it ends around $9,850). If today’s candle closes well above $9,500, then we can start considering $9,500 as a weak support.”

Top 5 Crypto Regulatory Developments Of 2019

January 27, 2020

By Joe DiPasquale – “A Bitcoin ETF is unlikely to be approved in the near future unless stakeholders can prove that price discovery is organic and authentic, and that would require increased SEC involvement with the top crypto exchanges involved in Bitcoin’s price formation.”

Bitcoin Recovers After Falling To Lowest Since May

December 18, 2019

By Joe DiPasquale – “Bitcoin fell as low as $6,430 before a quick bounce-back took it all the way to $7,210, where it faced resistance and triggered selling. From here, the price recovery is expected to lose steam, with the first resistance at $7,500 and a bigger one at $8,000.”

XRP Falls To Lowest Since 2017 As Crypto Markets See Red

December 17, 2019

By Joe DiPasquale – “XRP has been historically very sensitive to adoption-related news pertaining to banking and money services partners, since they represent the biggest clientele for Ripple’s services. In light of this, the statement from MoneyGram has dealt a big blow to XRP’s already weak position, especially since it was believed Ripple and MoneyGram would have a closer relationship due to the former’s investment in the latter. Now, with Bitcoin’s price also experiencing downward pressure, we expect XRP to slide further due to this news.”

Is Bitcoin Oversold After Its Latest Drop?

December 16, 2019

By Joe DiPasquale – “Bitcoin is currently approaching the oversold threshold. At the moment it is being held up by a very weak support, around $6,800, which was briefly tested the last time on May 12 and 13, 2019. Downward pressure continues to mount as both, the 150-day and 50-day moving averages have declined, from $9,500 and $8,360, on December 1, to $9,125 and $8,069 today.”

Blockchain Investment Opportunities for HNW Clients

December 10, 2019

By Eric Jansen – “Bitbull offers a fund-of-funds approach that invests in 10 other crypto hedge funds using strategies ranging from pre-ICO (initial coin offering) to arbitrage.”

Bitcoin Declines In November As Chinese Euphoria Fades

December 9, 2019

By Joe DiPasquale – “With thinning volumes and negative market sentiment, Bitcoin is likely to trade sideways and even drop down to $6k before attempting a bigger recovery. The volumes indicate participants are on the sidelines and do not expect the price to take a definitive direction in the short term.”

Bitcoin’s Surge This Morning Shows Market's Vulnerability

December 4, 2019

By Joe DiPasquale – “Bitcoin prices will fluctuate “based on technical factors [and will keep] bouncing from oversold zones and being declined at resistance levels, which are currently at $7,500 and $8,000.”

Bitcoin Trades Range-Bound As Investors Wait And See

December 3, 2019

By Joe DiPasquale – “Bitcoin is in a general downward trend with temporary technical bounces from oversold price points. The upcoming holiday season may also result in thinning volumes, adding further pressure on the price. Meanwhile, investors have adopted a wait and watch approach to see if any market catalysts help conclusively drive the market in a particular direction.”

Bitcoin Price Prediction: BTC/USD next rendezvous could be $6,000

December 3, 2019

By Joe DiPasquale – “If the current support at $7,500 is breached conclusively, the next stop would be $6,000. The maximum upside, meanwhile, is limited to $9,500. A break down is more likely than a break upward, however, due to low volumes, repeated new lows, and low sentiment.”

$6,000 Might be Bitcoin (BTC) Price’s Next Stop, Fund’s Analysis Suggests

December 3, 2019

By Joe DiPasquale – “If the current support at $7,500 is breached conclusively, the next stop would be $6,000. The maximum upside, meanwhile, is limited to $9,500. A break down is more likely than a break upward, however, due to low volumes, repeated new lows, and low sentiment.”

Is Technical Analysis Prophetic or Preposterous? We Asked 7 Crypto Traders

December 2, 2019

By Joe DiPasquale – “The recent surge at the end of October, due to the Chinese media hype, is a good example of an unsustainable speculation-driven move that has now returned to our previously indicated support around $8,100. echnical analysis is what led us to believe that the high reached after Chinese President Xi Jinping spoke was ephemeral and would retrace back to just above $8,000.”

US Lawmakers Want to Brand Libra a Security, Association Disagrees

December 1, 2019

By Joe DiPasquale – “Stable coins being classified as securities in the U.S. could hurt Libra’s operation in the country. Classifying Libra as a security would limit the flexibility of the project’s operation in the U.S.”

Bitcoin Prices Fall To Their Lowest Since May

November 24, 2019

By Joe DiPasquale – “Bitcoin’s price remains under pressure, especially as the China-hype-driven speculative surge unraveled. Moreover, the recent China-Binance FUD also dampened market sentiments considerably.”

Market Update: Cryptos Shed Billions in Rapid Sell-Off

November 22, 2019

By Joe DiPasquale – “This price drop is a technical move; this is where the price was before the news of China’s support of blockchain, which is not crypto. So, the price of [BTC] is simply returning to normal. However, more downside cannot be ruled out, since the recent drop has turned sentiments to negative.”

Bitcoin’s Slide Accelerates After Key Technical Level Breached

November 21, 2019

By Joe DiPasquale – “This price drop is a technical move; this is where the price was before the news of China’s support of blockchain, which is not crypto.So, the price of Bitcoin is simply returning to normal. However, more downside cannot be ruled out, since the recent drop has turned sentiments to negative.”

Bitcoin Tumbles 4.7%, Most in Two Months, as China-Fueled Enthusiasm Wanes

November 18, 2019

By Joe DiPasquale – “We expect for there to be some investors taking profit after these big newsworthy spikes,there haven’t been enough developments since then to create additional enthusiasm among traders and investors. Bitcoin had traded for several weeks in a range between $9,100 and $9,600, so a recent move below that level may have spurred some traders to sell, exacerbating the price drop. Trading volumes also have been unusually low recently,”

Is Bitcoin Stuck In A Bearish Trend?

November 15, 2019

By Joe DiPasquale – Bitcoin is trading below the 50-day moving average of $8,600, which was acting as support throughout last week. We can expect the price to find temporary relief around $8,400 and $8,200. However, a drop to $8,000 is a real possibility.

Bitcoin Prices Surged Close To 4% In Under 10 Minutes

November 10, 2019

By Joe DiPasquale – The current move is a technical recovery. We mentioned previously that we expect the 50-day moving average to continue acting as support, and that has allowed the price to recover temporarily. However, the 200-day moving average is still a strong resistance at $9,200 and Bitcoin needs to surpass that level with good volumes to put $10,000 on the radar – failing to do so would keep the possibility of a return to $8,000 alive.

Bitcoin Struggles To Recover After 6% Drop

November 8, 2019

By Joe DiPasquale – Bitcoin was overbought after the late October surge. Following this sharp rally, bitcoin “consolidated for a bit before breaking downward.

Bitcoin Defies Death Cross, Surging Close To 20%

October 25, 2019

By Joe DiPasquale – China’s endorsement of blockchain technology helped Bitcoin recover, and along the way, a short squeeze helped push prices even higher. The death cross has, for now, been averted, since the 50-day and 200-day moving averages have not yet crossed. That being said, Bitcoin still needs to cross $9,000 to get out of the danger zone.

BITCOIN HASH RATE APPROACHING 120,000,000 TH/S AMID MARKET CRASH

October 24, 2019

By Joe DiPasquale – Smart money sold out in advance of today’s [Libra] hearings. Investors appear to have taken a cautious approach ahead of the hearing by limiting their exposure to crypto. We believe the price of BTC will remain under pressure for at least the next 24 hours, if not through Monday.

Is Bitcoin Poised For Further Losses After Its Recent Drop?

October 24, 2019

By Joe DiPasquale – Bitcoin’s technical analysis indicates a death cross is near. The last time these averages converged was a golden cross (the 50-day average rose above the 200-day average), the opposite of a death cross, and happened near the end of April this year, when Bitcoin was around $5,000. Bitcoin subsequently rose to over $8,000 without any major correction.

Bitcoin Plummets To Lowest Since May As Libra Steals Headlines

October 23, 2019

 

By Joe DiPasquale – This morning’s move was very similar to the September drop, with many longs liquidated and overly optimistic crypto investors getting caught holding the bag.

Market Outlook: Crypto Prices Hold Steady but Face a Crucial Turning Point

October 20, 2019

 

By Joe DiPasquale – Bitcoin’s recent price drop is a result of technical and fundamental factors, including a breakdown of the consolidation range, Bakkt’s tame launch of futures, and a sudden network hash rate drop.

How Low Will Bitcoin Fall? | Eric Krown vs. Joe DiPasquale

October 18, 2019

Joe DiPasquale, CEO of BitBull Capital, and Erik Crown, prominent trader, debate bearish Bitcoin market trends, TON’s launch, and much more.

Litecoin Prices Fell Last Month As Profit Taking Drove Losses

October 17, 2019

 

By Joe DiPasquale – After a meteoric rise in value this year, Litcoin has been consolidating in recent months due to profit-taking and the generally poor performance of crypto assets since July.

Bitcoin And Ethereum Suddenly Soar Despite SEC Blow

October 10, 2019

 

By Joe DiPasquale – The hopeful comments from Bitwise Asset Management regarding its Bitcoin ETF application have bulls enthused.

WATCH: What Drove Bitcoin’s Price Gains Today? We Explore the Pop

October 9, 2019

 

Joe DiPasquale, CEO of the cryptocurrency hedge-fund firm BitBull Capital in San Francisco, discusses the day’s price jump and gives his views on the market outlook.

Bitcoin Jumps to 3-Week High Near $8,600 as Fed Plans New Round of Reserve Increases

October 9, 2019

 

By Joe DiPasquale – We know that [when the Federal Reserve loosens monetary policy] it has historically helped bitcoin.

What Is Driving The Broad-Based Crypto Rally?

October 9, 2019

 

By Joe DiPasquale – “Binance Coin is reporting the biggest gains. But we don’t believe it is responsible for the recent surge, which is largely a result of Bitcoin rising.”
 

Bitcoin Broke Free From Its Malaise In September

October 7, 2019

By Joe DiPasquale – “The extremely low volume of Bakkt scared crypto holders.”

Litecoin’s symmetrical triangle could pull back price in short term

September 26, 2019

By Joe DiPasquale – “Litecoin has been under pressure since the halving of the block reward failed to boost the price and it was not helped by concerns surrounding funding for future development. The present price drop is simply the result of these fundamental issues and the fact that Litecoin closely follows Bitcoin (BTC).”

Bitcoin crashes 15% to below $8,000 for first time since June

September 24, 2019

By Joe DiPasquale – “Bakkt’s futures will gather traction in time and it is too early to judge the service based on initial volume. Ultimately, Bitcoin’s fundamentals remain strong and we expect the price to recover back towards $10,000 in the coming days.”

Bitcoin Just Suffered Its Worst Drop in 20 Months. Here’s Why.

September 24, 2019

By Joe DiPasquale –  “Bitcoin’s recent price drop is a result of technical and fundamental factors, including a breakdown of the consolidation range, Bakkt’s tame launch of futures, and a sudden network hash rate drop.”

CryptoKitties Maker Attracts Warner Music; Ripple Rival Stellar’s $124 Million Airdrop

September 15, 2019

By Joe DiPasquale – “It is not uncommon for crypto markets to react to global developments and news, but such moves are usually short-lived and loosely correlated.”

Bitcoin’s Boring Again. Is $10,000 BTC’s Yawn-Worthy New Normal?

September 9, 2019

By Joe DiPasquale – “Only after the consolidation phase is complete and new catalysts drive the market forward will we see retail interest, fresh capital flows and higher valuations. Bitcoin’s fundamentals remain strong and the current price is not reflecting them, which bodes well for future valuations in my opinion.”

Bitcoin's Fundamentals Remain Strong As Markets Stagnate

September 9, 2019

By Joe DiPasquale –  “Only after the consolidation phase is complete and new catalysts drive the market forward will we see retail interest, fresh capital flows and higher valuations. Bitcoin’s fundamentals remain strong and the current price is not reflecting them, which bodes well for future valuations in my opinion.”

Bitcoin Volatility Falls To Lowest In 8 Weeks

August 26, 2019

By Joe DiPasquale –  “Bitcoin is in a consolidation phase after the late June rally which took it close to $14,000. Since then, the price is rangebound and trading volumes are low compared to the period between May – June. We attribute this to lack of retail investor participation and new money flow. Since Bitcoin has not definitively surpassed the $10,000 psychological barrier, we believe investors have adopted a wait and watch approach, as a breakdown below $10,000 can see the price plummet swiftly.”
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