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This Historical Pattern Shows Bitcoin May Soon Enter a Full Bull Market

Bitcoin has seen some bull-favoring price action throughout the past day, rallying up to highs of $9,600 overnight after buyers absorbed the selling pressure that led it down to lows of $9,300. The cryptocurrency now appears to be well-positioned to see further upside in the days and weeks ahead, as it is currently in the […]

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These 2 Trends Shows that Wall Street is in a Bitcoin Buying Frenzy

Bitcoin has been subjected to unprecedented turbulence throughout the past few months, declining to lows of $3,800 before rocketing to highs of $10,500 This volatility hasn’t been enough to thwart large market players from foraying into the digital asset Macro investor Paul Tudor Jones has been one of the first traditional investors to publicly profess […]

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Bitcoin’s NVT Indicator Shows that the Network is Incredibly Healthy

One key on-chain indicator is now signaling that Bitcoin is seeing intense underlying strength despite its recent turbulent price action. BTC’s NVT is a widely respected indicator that weighs the number of unique tokens being transacted on the Bitcoin network with the cryptocurrency’s price action. Because the network is still being heavily utilized by investors, […]

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Record CME BTC Open Interest Shows Institutions Bullish on Bitcoin Price

Bitcoin options volume at CME rose 1000% this month as institutional investors built short-term bullish positions, but will BTC’s spot price rise? Bitcoin’s (BTC) options markets are finally taking off at CME. This week Cointelegraph reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call […]

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Bitcoin halving event shows crypto is part of mainstream finance

Bitcoin’s historic halving event on Monday underscores that the“long-term future of cryptocurrencies is secure”, says the CEO and founder of one of the world’s largest independent financial advisory organizations.   Q1 2020 hedge fund letters, conferences and more The comments from deVere Group’s Nigel Green come as theworld’s supply of Bitcoin was forever slashed on […]

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Bitcoin May Have Rallied 170% But Data Shows a “FOMO” Surge Is Possible

Bitcoin has made immense progress since the lows seen in March. As the chart below depicts, from the lows of $3,700, the cryptocurrency has gained in excess of 150%. This rally comes in spite of the global economy, heading into recession — a recession that the Federal Reserve, the Bank of England, and the International […]

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Comparison of Bitcoin to Other Markets Shows Just How Early Investors Truly Are

Bitcoin has seen unprecedented growth throughout the past decade, but as a market it is still incredibly small A visual comparison of BTC’s market size as compared to that of other assets and markets elucidates just how much room for growth there truly is This comes as analysts foresee a growing confluence of factors that […]

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Bitcoin’s 2016 Fractal Shows Ethereum May See 6000% Rally by 2023

A prominent analyst within the crypto community suggested that Ethereum’s price action seems to resemble the way Bitcoin was behaving between 2015 and 2018. Under such circumstances, the chartist implied that ETH can surge up to 63x in its next bull run. The smart contracts giant could have the ability to peak at a high […]

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Stellar’s Fractal Shows How Epic the Next Crypto Bull Market Can Be

The crypto altcoin asset known as Stellar, or XLM, was among the worst performers during the bear market. However, a powerful fractal found on the asset’s price chart could show just how epic the next crypto bull market can be. Bitcoin Halving Triggered Massive Crypto Upsurge and Alt-Season Last Cycle In late July 2016, Bitcoin […]

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Bitcoin Price May Drop After Halving, Historical Data Shows

Bitcoin has again rallied sharply in the weeks leading up to the impending halving event, but if historic patterns are anything to go by, the cryptocurrency could suffer a temporary price pullback following the event.

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Bullish for Bitcoin: Data Shows “Regulation Sensitive” Institutions are Long

As Bitcoin’s mining rewards halving fast approaches it appears that some notable investors are taking notice Data suggests that large regulation-sensitive institutions are going long on BTC This comes in tandem with a massive spike in accumulation rates from Bitcoin whales, signaling that investors across the board are anticipating some bull-favoring volatility Bitcoin’s highly anticipated […]

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Data Shows Institutional Demand For Ethereum is Surging Rapidly, as ETH 2.0 Approaches

Estimated data shows cryptocurrency asset management firm Grayscale purchased close to half of all mined Ethereum in 2020. What’s more, with Ethereum 2.0 drawing closer, many have speculated that institutional investors are looking to reap the benefits of ETH staking. Institutional Interest in Ethereum Taking Off Grayscale is currently the world’s largest cryptocurrency asset manager, […]

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Two Bitcoin Charts Side by Side Shows Trendlines Can be Massively Biased

Bull and bears are constantly battling it out on cryptocurrency exchanges and trading platforms, hoping to push Bitcoin price higher or lower, and profit immensely from whatever trades they make or positions they take. But their strategies can be easily clouded by their own bullish or bearish bias. Using just one trend line only across […]

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“Simple Geometry” Shows Bitcoin is Bound to Drop Despite Healthy Consolidation

Bitcoin has stabilized above $7,500 following yesterday’s upswing Analysts are now noting that a confluence of factors suggest BTC will decline slightly before finding enough support to catalyze continuance of this uptrend This comes after a period that some traders have described as “healthy consolidation” Bitcoin has been able to maintain all of its recent […]

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Stablecoins Hitting $9 Billion Shows Investors in Crypto Market Are Rattled

Over the past few weeks, stablecoins, crypto-assets tied backed by a “stable” reserve asset, have become increasingly important to the cryptocurrency market. First, just assets used by the fringe, this subset of altcoins now accounts for a growing percentage of the crypto market’s value. In fact, according to April 20th data from blockchain analytics firm […]

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Bitcoin Shows Signs of Reversal; But $6,550 Shows Bullish Case Remains Intact

Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555. Bitcoin is declining and trading below the $7,000 support zone against the US Dollar. It is testing a major support near the $6,750-$6,800 region. […]

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Key On-Chain Metric Shows a Strong Bitcoin Bull Rally is Brewing

Bitcoin investors haven’t done too well over the past two months. Despite the near 100% recovery from the $3,700 lows seen on March 12th, the cryptocurrency remains more than 30% below the 2020 highs near $10,500. Fortunately, multiple sets of data and other signs indicate that a full-blown Bitcoin bull run is on the verge […]

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Institutional Money is Flowing into Ethereum at a Shocking Rate, New Data Shows

Ethereum has been one of the best performing cryptocurrencies throughout the course of the recent uptrend that was incurred yesterday evening, with ETH’s bulls propelling the crypto up nearly 10%. This intense uptrend has come shortly after new data was released showing a massive influx of institutional money into ETH, which could be a sign […]

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Bitcoin’s Open Interest Shows Retail Traders May Spark a Massive Movement

Bitcoin’s sharp overnight selloff came as its open interest on trading platform Bitmex ballooned – signaling that the benchmark cryptocurrency is about to see some immense retail-driven volatility. This climb in open interest (OI) has also come about concurrently with a decline in Bitcoin’s CME futures volume, suggesting that institutional traders are beginning to move […]

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Key Data Shows Ethereum Sellers Are Poised to Pounce: Is a Dump Imminent?

Sell-side pressure over the past two days has seen the price of Ethereum dip below key support at the $160 level. Currently, the second-largest cryptocurrency by market cap is priced at $159. But has fallen 8% from its recent high just two days ago. This move reversed an uptrend that peaked at $173 following the […]

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Despite Coronavirus, Spain’s Tax Authority Shows No Mercy to Bitcoin Holders 

The Agencia Estatal de Administracion Tributaria (AEAT), which is Spain’s tax agency, has announced plans to send out more letters to holders of bitcoin (BTC) and other blockchain-based cryptocurrencies in the nation in spite of the current global economic downturn caused by the coronavirus pandemic, according to reports on April 3, 2020. AEAT Puts Spanish […]

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People Want to ‘Buy Bitcoin’ and Not Sell, Internet Data Shows

Searches for “Bitcoin” have jumped considerably over the past thirty days, according to the Baidu Data Index. Such interest coincides with other indications that investors increasingly view the present market condition as a chance to pick up Bitcoin at a steep discount. Bitcoin Buyers See Clear Opportunity Shenliancaijing has issued a report (Chinese) showing that […]

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This Eerie Fractal Shows the Bitcoin Price Has Further To Fall From $9,000

Over the past few days, Bitcoin has started to trend higher; since hitting $8,400 last weekend, the price of the leading cryptocurrency rallied as high as $9,250 on Saturday morning. Although there are many optimists saying that this price action is a precursor to even greater gains — Bloomberg suggested that BTC could soon hit […]

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