Bitcoin is Still in Gloomy Bearish Territory Even After a 43% Upsurge, Here's Why

Bitcoin is Still in Gloomy Bearish Territory Even After a 43% Upsurge, Here’s Why

Bitcoin is enjoying fresh gains at the start of 2020 as investors continue to speculate on its potential adoption against a series of geopolitical and macroeconomic letdowns. The benchmark cryptocurrency on Sunday surged beyond $9,000 for the first time in three months, up by 28.32 percent since the start of the year. The gains came … Read more…

Eyes on $ 215, with bull pennant on hourly sticks

BCH/USD weekend action turns bearish, can the $340 support hold?

Bitcoin Cash reclaims the fourth spot on the market by market capitalization from its rival Bitcoin SV. Bitco9n Cash is likely to continue with the downward momentum all weekend long. Bitcoin Cash recently stepped above $400 in conjunction with the incredibly bullish cryptocurrency market. The January rally has changed many analysts’ perspectives of the cryptocurrency … Read more…

Nexo co-founder believes that Bitcoin will reach $50K in 2020

Bearish Monday pressures on Bitcoin and major altcoins

Here’s what you need to know on Monday Markets: – BTC/USD is currently trading at $8,097 (-1.1% since the beginning of the day). The coin has retreated from the intraday high of $8,193, though the trend is still bullish.  – The ETH/USD pair is currently trading at $143.4 (2.2% since the beginning of the day). … Read more…

Bitcoin: The Next Level

Bitcoin: The Next Level

Photo Illustration by Avishek Das SOPA Images/LightRocket via Getty Images Recent events have rallied bitcoin, spiking the cryptocurrency more than 20%. As the Iran/U.S. situation cools, so does the bitcoin price. It’s easy to predict various scenarios on the basis of pure speculation, but that kind of guessing is hard to turn into reliably profitable … Read more…

Bitcoin Price Is Forming Major Bearish Pattern, but This Crypto Analyst Is Not Worried

Bitcoin Price Is Forming Major Bearish Pattern, but This Crypto Analyst Is Not Worried

Contents Some roadblocks for DeFi  The first decentralized bank Decentralized finance (DeFi) has become a hot topic within the cryptocurrency industry in 2019. The total value of capital locked in DeFi is inching closer to $1 bln. However, Robert Leshner, the founder of crypto lending startup Compound, told The Financial Times that this technology is now ready … Read more…

Institutional investors remain bearish even as Bitcoin pulls towards $8,000

Institutional investors remain bearish even as Bitcoin pulls towards $8,000

CME Commitment of Traders data suggests that institutional clients are strongly bearish on Bitcoin. Bitcoin bulls defend $7,500 support and strive to keep the focus on $8,000 to avoid a return to $6,500. Analysts held their breadth during Bitcoin’s surprising correction from $6,500 to levels close to $7,500 last week. Most unconvinced that the reversal … Read more…

Bitcoin

Bitcoin Surges to $7,400 as Bearish Trend Shows Signs of Reversing

Bitcoin has been caught in a prolonged bout of sideways trading in the time since its massive surge from $6,400 to $7,600, and BTC’s failure to extend this momentum had led some analysts to believe that the crypto would see a continuance of the downwards momentum that it has faced over the past several months. … Read more…

$250,000 Bitcoin Price Prediction Discussed by CNBC Makes Tone Vays Feel "Way More Bearish"

$250,000 Bitcoin Price Prediction Discussed by CNBC Makes Tone Vays Feel “Way More Bearish”

Cover image via www.tradingview.com Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money … Read more…

Bitfinex Longs Dominate Shorts, But Is This Bullish or Bearish For Bitcoin?

Bitfinex Longs Dominate Shorts, But Is This Bullish or Bearish For Bitcoin?

The cryptocurrency exchange known as Bitfinex is often the playground chosen for many whale traders, who take up large positions in Bitcoin and other cryptocurrencies using leverage to amplify their returns. Typically, the ratio between longs and shorts is somewhat similar, with a slight edge going to longs due to how overly bullish crypto investors … Read more…

Market Structure is Definitively Bearish, Trader Says, But Some Disagree

Market Structure is Definitively Bearish, Trader Says, But Some Disagree

Cover image via 123rf.com Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money … Read more…