Showing news for Market Analysis
Bullish Bitcoin Chart May Point to Move Toward $53,000
3 years ago
Bitcoin is forming a technical pattern that suggests a brighter period lies ahead for the world’s largest cryptocurrency. The pattern, a so-called reverse head and shoulders, is often viewed as signaling a flip in a downtrend. The study suggests that a target of about $53,000 would come into play for the token -- which is up some 3% on Tuesday -- if it breaks the neckline of the reverse head and shoulders at about $44,600.
Bitcoin Miners Are Selling Coins in Worrying Sign of a Shakeout
3 years ago
Some Bitcoin miners are trading in their diamond hands to pay for their picks and shovels.
A Boon for Crypto Depends on Growth Stocks’ Fate, Graticule Says
3 years ago
Growth stock volatility amid rising interest rates is temporarily slowing institutional investors’ planned forays into cryptocurrencies, according to the founder of a closely-watched hedge fund.
Crypto Paychecks Have More Appeal Outside the U.S., Says Hiring Firm
3 years ago
Employees all over the world are opting to get paid in cryptocurrencies, though they’re still in a small minority, according to global payrolls and hiring company Deel.
Recent Bitcoin Buyers Are Likely Underwater Even After Rebound
3 years ago
Bitcoin’s drop since its November high has been so steep that the average buyer over the last couple of months is likely underwater until it once again tops $47,000.
Bitcoin Chart Signals a Break Higher, If History Is Any Guide
3 years ago
Bitcoin could be set to build on its recent rally. The world’s largest digital token posted a six-day winning streak through Tuesday, the 20th time it has achieved such a run since the pandemic roiled markets. The mean return over over three days, five days and 20 days is 4.1%, 5.3% and 18.5% respectively after such stretches, according to data compiled by Bloomberg.
JPMorgan Estimates Bitcoin’s ‘Fair Value’ at $38,000, 12% Below Current Price
3 years ago
Bitcoin’s “fair value” is around 12% below the current price, based on its volatility in comparison with gold, according to JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou.
Bitcoin’s Recovery Rally Stalls as Traders Turn Focus to $45,000
3 years ago
Bitcoin is in jeopardy of snapping its longest winning streak in more than four months as traders question whether the bounce-back from recent lows was too fast, too soon.
Bitcoin Rally Has Traders Watching $43,000 Target
3 years ago
Bitcoin’s 30% rally since the lows of late January has the token testing the upper end of its 20-day bollinger band, a technical pattern that could signal resistance. A close above that level, currently around $43,000 (roughly $200 above its current price), may imply sustained strength. But the last time Bitcoin briefly touched the upper end, in late December, it went on to plunge as much as 36% before starting to recover.
Bitcoin Analysis Shows Prices May Bottom Soon, Fundstrat Says
3 years ago
Bitcoin stands a good chance of bottoming by the next few months, according to a technical analyst at Fundstrat.
Bitcoin Lovers Like the Winklevoss Twin Urge Patience After Declines
3 years ago
Bitcoin failed to hold the two-week high registered Tuesday, while advocates from the Winklevoss brothers to the president of El Salvador urged the faithful to remain strong.
Bitcoin’s Dip From Two-Week Peak Highlights Key Technical Hurdle
3 years ago
Bitcoin slipped back Wednesday after touching a near two-week high, spotlighting the token’s struggle to vault a key technical hurdle and reclaim the $40,000 level.
Bitcoin Halving Will Stir Next Crypto Frenzy, Thai Exchange Says
3 years ago
(Bloomberg) -- Another pronounced bull run for Bitcoin is coming in 2024 when the world’s largest cryptocurrency goes through another halving, according to Thailand’s largest digital-asset exchange.
Strugging IPOs Give FTX CEO Pause on Taking His Crypto Giant Public
3 years ago
Sam Bankman-Fried is having reservations about taking his company public anytime soon.
Bitcoin January Loss Is Worst Start to Year Since Crypto Winter
3 years ago
Bitcoin is closing out a rough month, with January declines putting the digital coin on pace for its worst start to a year since the dawn of the 2018 “crypto winter.”
Crypto Slide Puts Outlook of a Billion Investors by 2023 to Test
3 years ago
Weakness in the crypto market is offering a sober outlook at bullish forecasts.
Goldman Says Crypto Mainstream Acceptance May Not Boost Prices
3 years ago
Investors should be skeptical of the narrative that rising adoption of cryptocurrencies must translate into higher prices, according to Goldman Sachs Group Inc.
Three Bitcoin Metrics Suggest a Prolonged Bear Market Is Here
3 years ago
A hefty debate is underway in the crypto space about whether Bitcoin is mired in a drawn-out bear market.
Bitcoin’s Record Stocks Correlation Could Turn Into a Lifeline
3 years ago
Bitcoin is moving in tandem with stocks like never before as both slump, but that link-up could yet bring some respite for the largest cryptocurrency if shares stage a rebound.
Crypto Collapse Tests Faithful’s Infinite Supply of Optimism
3 years ago
With the blink of an eye, more than a trillion dollars in crypto-market value has evaporated.
U.K. Confidence, Polish Politics, Japan Inflation: Eco Day
3 years ago
Welcome to Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
What Strategists See for Markets as Treasury Yields Spike
3 years ago
Treasury yields are quickly moving higher as investor expectations grow that the Federal Reserve will raise interest rates in March and follow up with further moves throughout the year.
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