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Bitcoin Back in Sync with Gold After More than a Month of Consolidation – New 2020 Highs on the Horizon?
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
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
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 Price Awaits Market Catalyst; Long Term Prospects Remain Bullish
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
Bitcoin (BTC) Price Tests Key Support Again, As Indicated by our Technical Analysis
Bitcoin’s price movements continue to represent overall market sentiment and direction. Over the last two months, BitBull Capital’s analysis indicated that BTC prices were likely to remain depressed and any relief would be temporary. In the near term, we believe...
Market Update: Bitcoin Surges, Bakkt Gains Momentum, ETF Rejected and ETH Recognized as Commodity
It’s been an eventful week for crypto so far, starting with Bitcoin’s modest, but positive price recovery after the major drop last week. Monday saw BTC price bounce off the support at $7,750 and cross $8,300 before taking a breather and resuming the uptrend on...
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...
